PLUMBSERVE LTD

Building Services

Funds Raised

£33,000.00

Final AER

16.72%

Loan term

60 MONTHS

Auction Closed

2015-07-13

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£3.92 +2.30% £4.01 13.98%
£7.85 +2.95% £8.08 13.15%
£3.92 +3.40% £4.06 12.57%
£7.85 +3.50% £8.12 12.44%
£3.92 +3.50% £4.06 12.44%

About the Business

Company Name: PLUMBSERVE LTD Company Number: 07303348
Business Type: Building Services Years Trading: 4-5 years
Business Location: GEDLING

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

All Assets Debenture - Fixed and floating charge created over all assets of applicant company

Est. Equity: 0.00

Personal Guarantee - Done (PG from director and majority shareholder)

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Plumbserve Ltd is a family run business, we carry out the design and installation of Mechanical, Gas, Water, Drainage and Fire sprinkler system installations. Most of our work turnover is carried out for contractors on new or refurbish developments, predominately on new build housing and apartment block developments.

We are currently in the process of bidding for local council and housing association contract tenders.

We are very proud to have recently completed our largest contract to date on time and on budget, consisting of 86 apartments and 30,000Sq/Ft of commercial shops spanning over two years.

Plumbserve Ltd carried out the design and installation of all plant room mechanics, tank water supplies, complete internal Plumbing/Heating and Hot water, drainage and sewerage systems and complete Fire Sprinkler System.

We are pursuing future contracts on a similar scale, We are also in the process of achieving company accreditations that will help future clients and contractors recognise Plumbserve Ltd as a leading company in our industry.

Read more

Loan Offers

What is the loan for?

The loan funding would allow us to purchase new computer I.T systems, hardware and software allowing us to systemise many processes we currently do manually, to streamline on-site reports, estimates, invoicing and maintenance schedules to be sent back to the office electronically.

Customised technology that would allow us to deliver much quicker designs, scheduling, estimates, invoicing and stock control. In field PDA technology that will allow field engineers to report back electronically without visiting the office.

Why consider investing?

Plumbserve Ltd is a very pro-active company, with huge vision. Everything that is carried out within Plumbserve Ltd is done so to support the future and growth of the company.

With U.K Government predicting targets of 240,000 new build homes that are required each year in the U.K to keep up with demand, only 118,760 were built in 2014. (Source: The Guardian/ home building GOV)

All habitable buildings in the U.K require running Water, Sewerage, Hot water and an energy supply for heating. Investing in Plumbserve Ltd would be investing in a solid growing company operating in a fundamental industry. We would highly appreciate your investment, Please help us to grow.

Security

The loan is to be secured by a directors guarantee (backed with Personal Guarantee insurance) as well as an All Assets Debenture

The Director does not own any tangible assets

DateAmountCapitalInterestReceived
04/08/2015£815.17£355.37£459.80
04/09/2015£815.17£360.33£454.84
04/10/2015£815.17£365.35£449.82
04/11/2015£815.17£370.44£444.73
04/12/2015£815.17£375.60£439.57
04/01/2016£815.17£380.83£434.34
04/02/2016£815.17£386.14£429.03
04/03/2016£815.17£391.52£423.65
04/04/2016£815.17£396.97£418.20
04/05/2016£815.17£402.51£412.66 (6 days late)
04/06/2016£815.17£408.11£407.06
04/07/2016£815.17£413.80£401.37
04/08/2016£815.17£419.57£395.60
04/09/2016£815.17£425.41£389.76
04/10/2016£815.17£431.34£383.83
04/11/2016£815.17£437.35£377.82
04/12/2016£815.17£443.44£371.73
04/01/2017£815.17£449.62£365.55
04/02/2017£815.17£455.89£359.28
04/03/2017£815.17£462.24£352.93
04/04/2017£815.17£468.68£346.49 (6 days late)
04/05/2017£815.17£475.21£339.96 (15 days late)
04/06/2017£333.34£0.00£333.34Interest only
04/07/2017£815.17£481.83£333.34 (27 days late)
04/08/2017£815.17£488.54£326.63 (10 days late)
04/09/2017£815.17£495.35£319.82
04/10/2017£815.17£502.25£312.92 (28 days late)
04/11/2017£815.17£509.25£305.92
04/12/2017£815.17£516.35£298.82 (29 days late)
04/01/2018£815.17£523.54£291.63 (40 days late)
04/02/2018£815.17£530.83£284.34 (49 days late)
04/03/2018£276.94£0.00£276.94Interest only
04/04/2018£276.94£0.00£276.94Interest only
04/05/2018£815.17£538.23£276.94 (13 days late)
04/06/2018£815.17£545.73£269.44 (10 days late)
04/07/2018£815.17£553.33£261.84 (40 days late)
04/08/2018£815.17£561.04£254.13 (61 days late)
04/09/2018£815.17£568.86£246.31 (62 days late)
04/10/2018£815.17£576.79£238.38 (61 days late)
04/11/2018£815.17£584.82£230.35 (61 days late)
04/12/2018£815.17£592.97£222.20 (62 days late)
04/01/2019£815.17£601.23£213.94 (59 days late)
04/02/2019£815.17£609.61£205.56 (58 days late)
04/03/2019£815.17£618.11£197.06 (59 days late)
04/04/2019£188.45£0.00£188.45Interest only
04/05/2019£188.45£0.00£188.45Interest only
04/06/2019£188.45£0.00£188.45Interest only
04/07/2019£188.45£0.00£188.45Interest only
04/08/2019£815.17£626.72£188.45
04/09/2019£815.17£635.45£179.72Not Due
04/10/2019£815.17£644.30£170.87Not Due
04/11/2019£815.17£653.28£161.89Not Due
04/12/2019£815.17£662.38£152.79Not Due
04/01/2020£815.17£671.61£143.56Not Due
04/02/2020£815.17£680.97£134.20Not Due
04/03/2020£815.17£690.46£124.71Not Due
04/04/2020£815.17£700.08£115.09Not Due
04/05/2020£815.17£709.83£105.34Not Due
04/06/2020£815.17£719.72£95.45Not Due
04/07/2020£815.17£729.75£85.42Not Due
04/08/2020£815.17£739.92£75.25Not Due
04/09/2020£815.17£750.23£64.94Not Due
04/10/2020£815.17£760.68£54.49Not Due
04/11/2020£815.17£771.28£43.89Not Due
04/12/2020£815.17£782.03£33.14Not Due
04/01/2021£815.17£792.92£22.25Not Due
04/02/2021£815.17£803.97£11.20Not Due
Total:£33,000.00£17,551.22