SHAYIEN FOOD LTD

WHOLESALE AND RETAIL TRADE INCLUDING REPAIR OF MOTOR VEHICLES

Funds Raised

£43,600.00

Final AER

16.88%

Loan term

60 MONTHS

Auction Closed

2019-03-04

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£9.44 +10.00% £10.38 11.40%
£18.90 +14.90% £21.72 10.30%
£47.25 +15.00% £54.34 10.26%

About the Business

Company Name: SHAYIEN FOOD LTD Company Number: 09869485
Business Type: WHOLESALE AND RETAIL TRADE INCLUDING REPAIR OF MOTOR VEHICLES Years Trading: 3-5 years
Business Location: West Bromwich

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

Personal Guarantee - PG from sole director Mr Yasir Arfat

Est. Equity: 30000.00

All Asset Debenture - Fixed and floating charge over all assets of the applicant company

Est. Equity: 9640.00

Risk Indicators Identified:

Low Security Coverage
The security offered on this loan is below desirable levels

Important Files

Who are we?

Shayien Food established in 2015. It supplies frozen seafood to retail outlets and caterers. The Director, Mr Yasir Arfat has over 10 years of experience in the industry. This family-run business has grown over twofold in turnover in the last two years and over threefold in profitability.

The business has high potential opportunity to grow further by creating new business to business caterer clients.

Read more

Loan Offers

What is the loan for?

Shayien Food Ltd intends to enter into new markets to supply some ancillary products to business to business caterers alongside their main supplies of frozen seafood. This is expected to double the turnover over the next financial year and further captalise higher profitability.

This loan is sought to provide the appropriate funding to meet these orders. Funds are required to purchase a large quantity of sea food and ancillary products to meet the needs of new customers. The sea food business and new ancillary products presents a big opportunity to add new business to business customers. By purchasing the stock, the company can ensure the order capacity is achieved in line with the business requirements. Any future growth will have positive revenue stream by meeting the target supplies.

Why consider investing?

As mentioned above, since the start of the business, Shayien Foods revenues have doubled over the past two years and profitability has increased accordingly. We believe that the trading history demonstrates the excellent growth potential and the director has ambitions to continue to invest and grow further.

Further, the business has no loan liabilities and benefits from the low rent cost for their current premises. The business has a track record of paying all of its commitments on time, and has a trusting base of customers as well as good reputation with its suppliers. The additional ancillary products will add value to the business growth which represent a good opportunity to develop the business to next level.

Security

This loan will be secured with a Personal Guarantee from the sole director, and an All Assets Debenture over the applicant company.

A PG will be provided by Mr Yasir Arfat. Mr Arfat has an estimated net worth of £30,000 which is derived from his ownership of his domestic residence, a property with an estimated value of £145,000 and £39,000 estimated equity.

An All Assets Debenture will also be taken over the applicant company. This will create a fixed and floating charge over all unencumbered assets of the business. This will include the fixed assets with a book value of c£17k, £14k of stock, a current debtor book of £16k (figures from their most recent filed accounts), and the new stock which will be purchased with the loan proceeds.

DateAmountCapitalInterestReceived
08/04/2019£1,080.84£467.41£613.43
08/05/2019£1,080.84£473.99£606.85
08/06/2019£1,080.84£480.65£600.19
08/07/2019£1,080.84£487.42£593.42
08/08/2019£1,080.84£494.27£586.57
08/09/2019£1,080.84£501.23£579.61Not Due
08/10/2019£1,080.84£508.28£572.56Not Due
08/11/2019£1,080.84£515.43£565.41Not Due
08/12/2019£1,080.84£522.68£558.16Not Due
08/01/2020£1,080.84£530.04£550.80Not Due
08/02/2020£1,080.84£537.50£543.34Not Due
08/03/2020£1,080.84£545.06£535.78Not Due
08/04/2020£1,080.84£552.73£528.11Not Due
08/05/2020£1,080.84£560.50£520.34Not Due
08/06/2020£1,080.84£568.39£512.45Not Due
08/07/2020£1,080.84£576.39£504.45Not Due
08/08/2020£1,080.84£584.50£496.34Not Due
08/09/2020£1,080.84£592.72£488.12Not Due
08/10/2020£1,080.84£601.06£479.78Not Due
08/11/2020£1,080.84£609.52£471.32Not Due
08/12/2020£1,080.84£618.09£462.75Not Due
08/01/2021£1,080.84£626.79£454.05Not Due
08/02/2021£1,080.84£635.61£445.23Not Due
08/03/2021£1,080.84£644.55£436.29Not Due
08/04/2021£1,080.84£653.62£427.22Not Due
08/05/2021£1,080.84£662.81£418.03Not Due
08/06/2021£1,080.84£672.14£408.70Not Due
08/07/2021£1,080.84£681.60£399.24Not Due
08/08/2021£1,080.84£691.19£389.65Not Due
08/09/2021£1,080.84£700.91£379.93Not Due
08/10/2021£1,080.84£710.77£370.07Not Due
08/11/2021£1,080.84£720.77£360.07Not Due
08/12/2021£1,080.84£730.91£349.93Not Due
08/01/2022£1,080.84£741.20£339.64Not Due
08/02/2022£1,080.84£751.62£329.22Not Due
08/03/2022£1,080.84£762.20£318.64Not Due
08/04/2022£1,080.84£772.92£307.92Not Due
08/05/2022£1,080.84£783.80£297.04Not Due
08/06/2022£1,080.84£794.83£286.01Not Due
08/07/2022£1,080.84£806.01£274.83Not Due
08/08/2022£1,080.84£817.35£263.49Not Due
08/09/2022£1,080.84£828.85£251.99Not Due
08/10/2022£1,080.84£840.51£240.33Not Due
08/11/2022£1,080.84£852.34£228.50Not Due
08/12/2022£1,080.84£864.33£216.51Not Due
08/01/2023£1,080.84£876.49£204.35Not Due
08/02/2023£1,080.84£888.82£192.02Not Due
08/03/2023£1,080.84£901.33£179.51Not Due
08/04/2023£1,080.84£914.01£166.83Not Due
08/05/2023£1,080.84£926.87£153.97Not Due
08/06/2023£1,080.84£939.91£140.93Not Due
08/07/2023£1,080.84£953.13£127.71Not Due
08/08/2023£1,080.84£966.54£114.30Not Due
08/09/2023£1,080.84£980.14£100.70Not Due
08/10/2023£1,080.84£993.93£86.91Not Due
08/11/2023£1,080.84£1,007.91£72.93Not Due
08/12/2023£1,080.84£1,022.10£58.74Not Due
08/01/2024£1,080.84£1,036.48£44.36Not Due
08/02/2024£1,080.84£1,051.06£29.78Not Due
08/03/2024£1,080.84£1,065.85£14.99Not Due
Total:£43,600.00£21,250.40