RAHMAN T/A FRAMPTON BALTI LTD.

Funds Raised

£8,111.00

Final AER

17.95%

Loan term

36 MONTHS

Auction Closed

N/A

Recovery News
This loan may be behind with its repayment schedule and so microloan trading has been suspended while we work to help the business recover its repayment form. Please see the Loan Updates tab for recent updates.

About the Business

Company Name: RAHMAN T/A FRAMPTON BALTI LTD. Company Number: 07699121
Business Type: Years Trading:
Business Location: FRAMPTON COTTERELL

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

Risk Indicators Identified:

Important Files

Who are we?

*PLEASE NOTE THAT THIS COMPANY WAS RECENTLY LIQUIDATED. LOAN REPAYMENTS CONTINUE TO BE MADE BY THE DIRECTOR, MR RAHMAN FROM HIS PERSONAL ACCOUNT DUE TO HIS POSITION AS LOAN GUARANTOR*

Visit Our Website

Frampton Balti Limited is an established Indian restaurant in Frampton, a suburb of Bristol.

It benefits from an ever increasing local reputation and sound reviews in both local media and the likes of Trip Advisor.

Situated between the lush green villages of Winterbourne and Coalpit Heath, Frampton Balti, specialises in creating fine Indian cuisine. Our dedicated chefs encompass various spices and flavours to bring India right to your doorstep.

Initially opening as a takeaway in 1999, Frampton Balti has developed some of the richest ingredients you will ever try. With over 30 years experience in creating inspirational dishes, Parvez Rahman, has been at the heart of our success. Whilst growing up in London, Parvez, worked alongside his father and brother dedicating his life to reproducing the true Indian dishes we all love to eat. 10 years later, he moved to Bristol and worked in various top restaurants until re-joining his brother to become the head chef at the Frampton Balti. After its huge success and continued growth, the takeaway was expanded to a restaurant in 2008, and since then we have continued to strive forwards.

We have various exclusive dishes which have become local delicacies, including the mint rich Podhina and tamarind flavoured Achari. Our chefs can also reproduce some of your favourite dishes using duck or our famed Tandoori Machlee (salmon), bringing a fantastic twist on your dining experience. Frampton Balti can cater for all types of people with such a large selection of dishes to choose from our menu; there’s always something for everyone.

Our pleasure is to serve our customers with our finest banquet designed to entice those taste buds! Our customer service has always been regarded as one of our finest qualities, as we ensure that all our customers are left with a smile on their face. Frampton Balti has become the ‘go to’ place for a wonderful dining experience. We welcome you to our magnificent restaurant and hope to see you soon!

Read more

Loan Offers

What is the loan for?

The company seeks finance to refurbish and redecorate its current premises and improve one of its cooking ranges.

This will enable the business to deliver a significantly enhanced customer experience and with an accompanying expectation of increased customer throughput and, therefore, top and bottom line. Sales are forecast to continue on the upward trend seen in the last couple of years with a target to exceed £200K in the next financial year.

Why consider investing?

Establishing itself and delivering consistent performance levels with improving net worth.

Security

The loan is to be secured by way of directors guarantee and a 3rd party guarantee

The Director, Jardish Rahman does not own his own property, with the family home being vested in his wife's name, Jardish's brother is happy to stand as guarantor to strengthen the proposal. Parbig Rahman brings a property worth £350K with a first charge of £100K outstanding thereon as asset backing to his guarantee

DateAmountCapitalInterestReceived
11/04/2019£452.93£331.58£121.35
12/04/2019£452.93£336.54£116.39
06/05/2019£452.93£341.58£111.35
12/06/2019£452.93£346.69£106.24
12/07/2019£452.93£351.88£101.05
12/08/2019£452.93£357.14£95.797 days overdue
12/09/2019£452.93£362.49£90.45Not Due
12/10/2019£452.93£367.91£85.02Not Due
12/11/2019£452.93£373.41£79.52Not Due
12/12/2019£452.93£379.00£73.93Not Due
12/01/2020£452.93£384.67£68.26Not Due
12/02/2020£452.93£390.42£62.51Not Due
12/03/2020£452.93£396.27£56.66Not Due
12/04/2020£452.93£402.19£50.74Not Due
12/05/2020£452.93£408.21£44.72Not Due
12/06/2020£452.93£414.32£38.61Not Due
12/07/2020£452.93£420.52£32.41Not Due
12/08/2020£452.93£426.81£26.12Not Due
12/09/2020£452.93£433.20£19.74Not Due
12/10/2020£452.93£439.68£13.25Not Due
12/11/2020£452.93£446.25£6.68Not Due
Total:£8,110.76£1,400.79