REGENR8 LIMITED

7487 Other business activities

Funds Raised

£31,740.00

Final AER

19.18%

Loan term

60 MONTHS

Auction Closed

2017-04-06

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: REGENR8 LIMITED Company Number: 08985917
Business Type: 7487 Other business activities Years Trading: 2-3 years
Business Location: Stourbridge

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

Personal Guarantee - PG from Mr Jason Lawrence

Est. Equity: 60000.00

Personal Guarantee - PG from Miss C Lawrence

Est. Equity: 38000.00

Risk Indicators Identified:

Previous Failed Businesses
One or more of the directors has been involved in a failed business
Below Average Business Credit Rating
A 3rd party credit rating agency has indicated that this business is above average risk.
High Debt-to-Equity Ratio
This company has a higher than average level of company debt in relation to its equity
Low Quick Ratio Score
The quick ratio is an indicator of a company’s short-term liquidity. The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets
High level of borrowings
This business has a high level of borrowings in relation to its turnover

Important Files

Who are we?

RegenR8 Ltd Is run by the Lawrence family, who have over 30 years Waste Industry experience. The business operates a modern ‘recycling centre’ and ‘skip hire & roll on/off container hire’ to the general public and business, servicing Worcestershire and the Black Country. Operating on land which is approximately 0.75 acres with permit to process 75,000 tonnes of waste per annum.

Read more

Loan Offers

What is the loan for?

The business is looking for a cash injection to help turnover grow from c. £1M to £1.5M, this is a 50% increase in T/O but more importantly as we have already spent money on infrastructure NP% should increase and return a profit of over £200K.

Why consider investing?

The industry sector we are servicing is Construction and Demolition waste (C&D) and Commercial and Industrial wastes (C&I) According to official figures there were approximately 1.2 million tonnes of C&D and C&I Waste produced in Worcestershire and over 3 million tonnes produced in the Black Country in 2005, excluding ‘Household Municipal Waste’. Furthermore waste arising’s are set to increase until 2026 by as much as 1 million tonnes in the Black Country. The area has seen a significant shortfall of waste facilities. This has caused a huge impact on the local waste management sector with existing facilities struggling to deal with the increased volume of waste left over from these facilities and which is compounded increased volumes of waste created by the construction industry following 12 months consecutive growth. Funds secured will assist additional staff to facilitate growth targets of £1.685m by Dec 2017. The business has a strong management team in place and serviceability is demonstrated by EBITDA of £50,557 to Dec 16.

Security

This loan is to be secured by way of a Personal Guarantee provided by the directors Ms C Lawrence and Mr J Lawrence.

Both directors have a combined estimated net worth of £88,000. This is derived primarily from ownership of two properties.

Ms C Lawrence owns a property with a value estimated by the applicant to be £150,000 with an estimated equity of £38,000.

Mr Jason Lawrence owns a property with a value estimated by the applicant to be £140,000 and around £60,000 estimated equity.

DateAmountCapitalInterestReceived
01/05/2017£826.43£319.22£507.21
01/06/2017£826.43£324.32£502.11
01/07/2017£826.43£329.51£496.92
01/08/2017£826.43£334.77£491.66
01/09/2017£826.43£340.12£486.31
01/10/2017£826.43£345.56£480.87
01/11/2017£826.43£351.08£475.35
01/12/2017£826.43£356.69£469.74
01/01/2018£826.43£362.39£464.04 (17 days late)
01/02/2018£826.43£368.18£458.25
07/03/2018£826.43£374.06£452.37
07/04/2018£826.43£380.04£446.39
07/05/2018£826.43£386.12£440.31
07/06/2018£826.43£392.29£434.14438 days overdue
07/07/2018£826.43£398.55£427.88408 days overdue
07/08/2018£826.43£404.92£421.51377 days overdue
07/09/2018£826.43£411.39£415.04346 days overdue
07/10/2018£826.43£417.97£408.46316 days overdue
07/11/2018£826.43£424.65£401.78285 days overdue
07/12/2018£826.43£431.43£395.00255 days overdue
07/01/2019£826.43£438.33£388.10224 days overdue
07/02/2019£826.43£445.33£381.10193 days overdue
07/03/2019£826.43£452.45£373.98165 days overdue
07/04/2019£826.43£459.68£366.75134 days overdue
07/05/2019£826.43£467.02£359.41104 days overdue
07/06/2019£826.43£474.49£351.9473 days overdue
07/07/2019£826.43£482.07£344.3643 days overdue
07/08/2019£826.43£489.77£336.6612 days overdue
07/09/2019£826.43£497.60£328.83Not Due
07/10/2019£826.43£505.55£320.88Not Due
07/11/2019£826.43£513.63£312.80Not Due
07/12/2019£826.43£521.84£304.59Not Due
07/01/2020£826.43£530.18£296.25Not Due
07/02/2020£826.43£538.65£287.78Not Due
07/03/2020£826.43£547.26£279.17Not Due
07/04/2020£826.43£556.00£270.43Not Due
07/05/2020£826.43£564.89£261.54Not Due
07/06/2020£826.43£573.91£252.52Not Due
07/07/2020£826.43£583.09£243.34Not Due
07/08/2020£826.43£592.40£234.03Not Due
07/09/2020£826.43£601.87£224.56Not Due
07/10/2020£826.43£611.49£214.94Not Due
07/11/2020£826.43£621.26£205.17Not Due
07/12/2020£826.43£631.19£195.24Not Due
07/01/2021£826.43£641.27£185.16Not Due
07/02/2021£826.43£651.52£174.91Not Due
07/03/2021£826.43£661.93£164.50Not Due
07/04/2021£826.43£672.51£153.92Not Due
07/05/2021£826.43£683.26£143.17Not Due
07/06/2021£826.43£694.18£132.25Not Due
07/07/2021£826.43£705.27£121.16Not Due
07/08/2021£826.43£716.54£109.89Not Due
07/09/2021£826.43£727.99£98.44Not Due
07/10/2021£826.43£739.62£86.81Not Due
07/11/2021£826.43£751.44£74.99Not Due
07/12/2021£826.43£763.45£62.98Not Due
07/01/2022£826.43£775.65£50.78Not Due
07/02/2022£826.43£788.05£38.38Not Due
07/03/2022£826.43£800.64£25.79Not Due
07/04/2022£826.43£813.43£13.00Not Due
Total:£31,739.98£17,845.82