Senate Training Ltd

Business Services

Funds Requested

£50,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2015-02-10

Thank you for stopping by...
This loan is now passed its deadline, lender funds will soon be released.

About the Business

Company Name: Senate Training Ltd Company Number: 03980435
Business Type: Business Services Years Trading: more than 10 years
Business Location: STOKE ON TRENT

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

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 - PG from Paul Reginald Keeling

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Visit Our Website

Senate Training Ltd is a leading provider of bespoke training solutions, with a client base comprising of many blue chip companies, the security industry and public sector bodies. Our commitment to training excellence ensures that every Senate programme is developed to meet specific client requirements and delivers tangible business benefits on every occasion. Training can be delivered at our Training and Conference Centre or on site at client premises. Senate is an accredited centre with Edexcel, BTEC, and Skills for Security, City and Guilds, The Institute of Leadership and Management, and holds a Health and Safety Executive licence for the delivery of first aid courses.

Incorporated within the services offered is a security consultancy business. We offer the complete security solution to give clients maximum peace of mind.

Providing market-leading audit and consultancy services to Government Departments, blue chip companies and industry, Senate Consultancy can assess the effectiveness of every aspect of your security and establish where improvements can be made.

Directed by Paul Keeling, a security specialist with more than 30 years counter-terrorism experience and advisor to many specialist anti-terrorism agencies, Senate Consultancy is also fully conversant with the very latest criminal techniques.

In addition, we have a strategic partnership with a team of international security specialists who ensure that we’re informed about the very latest terrorist threats and new counter-terrorism measures.

Previous Companies Disclosure

Senate First Aid

Senate Auditing and Consulting

Senate Workplace Development

With regard to the companies above, our previous accountants advised us that it would be strategically sound to create separate companies for the different facets of the business. We soon discovered that this was, in hindsight, a mistake and we should not have followed that advice or gone down that path.

As a result, we changed accountant and took recommendation and chose a local, well established firm of accountants. Our new accountants confirmed that a group of companies was not required and can often be a typical means of accountants increasing their fees and the costs associated would not be worthwhile. We took the new advice and stopped the group formation. We decided to dissolve the above companies. The only creditors were the Directors (Mr & Mrs Keeling), no company creditor was involved and apart from our own costs lost, nobody was disadvantaged.

Read more

Loan Offers

What is the loan for?

Major new contracts in the pipeline, for which they need to complete the construction of a new annexe on the property. So far they have self financed this, however now require to complete the construction quickly.

Why consider investing?

The funds are required for the completion of the new annexe building at our training centre. The extension has been started and the initial plan was to complete this from cashflow over a period of time. We have now had the offer of a new contract from Carillion PLC and need to complete this quickly.

We have already completed our National Command and Control Centre from our own funds and this will enhance what we can offer clients and also increase out capacity to take on the new contract. Whilst we appreciate the interest rate will be higher than that offered by a high street rate, this type of borrowing is ideal for us as we have become disillusioned by the lack of support from Banks. The initial benefit from this loan is to enable us to complete the annexe and increase our capacity, allowing up to 30 more candidates.

Security

This Loan is to be secured by way of director guarantee and an All Assets Debenture

The directors have an estimate net worth of £552,224. This is primarily from equity in three properties, with a total est. value of £1.8m, with approximate equity of £654k.

DateAmountCapitalInterestReceived
11/03/2015£1,140.47£594.22£546.25 (8 days late)
11/04/2015£1,140.47£600.71£539.76
11/05/2015£1,140.47£607.28£533.19
11/06/2015£1,140.47£613.91£526.56
11/07/2015£1,140.47£620.62£519.85
11/08/2015£1,140.47£627.40£513.07
11/09/2015£1,140.47£634.25£506.22
11/10/2015£1,140.47£641.18£499.29
11/11/2015£648.19£648.19£0.00
11/12/2015£655.27£655.27£0.00
11/01/2016£662.43£662.43£0.00
11/02/2016£669.66£669.66£0.00
11/03/2016£676.98£676.98£0.00
11/04/2016£684.38£684.38£0.00
11/05/2016£691.85£691.85£0.00
11/06/2016£699.41£699.41£0.00
11/07/2016£707.05£707.05£0.00
11/08/2016£714.78£714.78£0.00
11/09/2016£722.59£722.59£0.00
11/10/2016£730.48£730.48£0.00
11/11/2016£738.46£738.46£0.00
11/12/2016£746.53£746.53£0.00
11/01/2017£754.68£754.68£0.00
11/02/2017£762.93£762.93£0.00
11/03/2017£771.26£771.26£0.00
11/04/2017£779.69£779.69£0.00
11/05/2017£788.21£788.21£0.00
11/06/2017£796.82£796.82£0.00
11/07/2017£805.52£805.52£0.00
11/08/2017£814.32£814.32£0.00
11/09/2017£823.22£823.22£0.00
11/10/2017£832.21£832.21£0.00
11/11/2017£841.31£841.31£0.00
11/12/2017£850.50£850.50£0.00
11/01/2018£859.79£859.79£0.00
11/02/2018£869.18£869.18£0.00
11/03/2018£878.68£878.68£0.00
11/04/2018£888.28£888.28£0.00
11/05/2018£897.98£897.98£0.00
11/06/2018£907.79£907.79£0.00
11/07/2018£917.71£917.71£0.00
11/08/2018£927.74£927.74£0.00
11/09/2018£937.87£937.87£0.00
11/10/2018£948.12£948.12£0.00
11/11/2018£958.48£958.48£0.00
11/12/2018£968.95£968.95£0.00
11/01/2019£979.53£979.53£0.00
11/02/2019£990.23£990.23£0.00
11/03/2019£1,001.05£1,001.05£0.00
11/04/2019£1,011.99£1,011.99£0.00
11/05/2019£1,023.05£1,023.05£0.00
11/06/2019£1,034.22£1,034.22£0.00
11/07/2019£1,045.52£1,045.52£0.00
11/08/2019£1,056.94£1,056.94£0.00
11/09/2019£1,068.49£1,068.49£0.00
11/10/2019£1,080.16£1,080.16£0.00
11/11/2019£1,091.96£1,091.96£0.00
11/12/2019£1,103.89£1,103.89£0.00
11/01/2020£1,115.95£1,115.95£0.00
11/02/2020£1,128.15£1,128.15£0.00
Total:£50,000.00£4,184.19