TAIL END CATERERS LIMITED

5530 Restaurants

Funds Raised

£30,000.00

Final AER

17.83%

Loan term

60 MONTHS

Auction Closed

2016-05-15

Micro Loan Opportunities
Buy Capital Seller's
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Price Buyer's
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About the Business

Company Name: TAIL END CATERERS LIMITED Company Number: 06705186
Business Type: 5530 Restaurants Years Trading: 3-5 years
Business Location: Maidenhead

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

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
Marginal Growth
This company has shown low levels of growth over recent financial reporting periods
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
Notable Dividends Taken
More than 50% of Net Profit has been taken as dividends within at least one of the assessed periods

Important Files

Who are we?

The business runs two successful chip shops, one in Maidenhead and the other in Woburn Green (both South Buckinghamshire)

Read more

Loan Offers

What is the loan for?

This money is to refurbish the shops (which has not been done for several years and are in need of a facelift) and purchase some new equipment for the kitchens.

Why consider investing?

The business is established, profitable and enjoys long leases on well-located premises in affluent Buckinghamshire towns. There has been a consistent revenue stream and the shops are well-known and liked locally.

Security

The loan is to be secured by way of three director guarantees. Two of the Directors are home owners with in excess of £500,000 cumulative equity in their homes.

The combined estimated net worth of all three Directors is £864,650. This is comprised of equity from their homes combined with other personally owned properties in their property portfolio.

DateAmountCapitalInterestReceived
13/06/2016£759.03£313.28£445.75
13/07/2016£759.03£317.94£441.09
13/08/2016£759.03£322.66£436.37
13/09/2016£759.03£327.45£431.58
13/10/2016£759.03£332.32£426.71
13/11/2016£759.03£337.26£421.77
13/12/2016£759.03£342.27£416.76
13/01/2017£759.03£347.35£411.68
15/02/2017£759.03£352.52£406.51
15/03/2017£759.03£357.75£401.28
15/04/2017£759.03£363.07£395.96
15/05/2017£759.03£368.46£390.57
15/06/2017£759.03£373.94£385.09
15/07/2017£759.03£379.49£379.54
15/08/2017£759.03£385.13£373.90
15/09/2017£759.03£390.85£368.18
15/10/2017£759.03£396.66£362.37
15/11/2017£759.03£402.56£356.47
15/12/2017£759.03£408.54£350.49
15/01/2018£759.03£414.61£344.42
15/02/2018£759.03£420.77£338.26
15/03/2018£759.03£427.02£332.01
15/04/2018£759.03£433.36£325.67
15/05/2018£759.03£439.80£319.23
15/06/2018£759.03£446.34£312.69
15/07/2018£759.03£452.97£306.06
15/08/2018£759.03£459.70£299.33
15/09/2018£759.03£466.53£292.50
15/10/2018£759.03£473.46£285.57
15/11/2018£759.03£480.50£278.53
15/12/2018£759.03£487.64£271.39
15/01/2019£759.03£494.88£264.15
15/02/2019£759.03£502.24£256.79
15/03/2019£759.03£509.70£249.33
15/04/2019£759.03£517.27£241.76
15/05/2019£759.03£524.96£234.07
15/06/2019£759.03£532.76£226.27
15/07/2019£759.03£540.67£218.36
15/08/2019£759.03£548.71£210.32
15/09/2019£759.03£556.86£202.17Not Due
15/10/2019£759.03£565.13£193.90Not Due
15/11/2019£759.03£573.53£185.50Not Due
15/12/2019£759.03£582.05£176.98Not Due
15/01/2020£759.03£590.70£168.33Not Due
15/02/2020£759.03£599.48£159.55Not Due
15/03/2020£759.03£608.38£150.65Not Due
15/04/2020£759.03£617.42£141.61Not Due
15/05/2020£759.03£626.60£132.43Not Due
15/06/2020£759.03£635.91£123.12Not Due
15/07/2020£759.03£645.36£113.67Not Due
15/08/2020£759.03£654.95£104.08Not Due
15/09/2020£759.03£664.68£94.35Not Due
15/10/2020£759.03£674.55£84.48Not Due
15/11/2020£759.03£684.58£74.45Not Due
15/12/2020£759.03£694.75£64.28Not Due
15/01/2021£759.03£705.07£53.96Not Due
15/02/2021£759.03£715.55£43.48Not Due
15/03/2021£759.03£726.18£32.85Not Due
15/04/2021£759.03£736.97£22.06Not Due
15/05/2021£759.03£747.92£11.11Not Due
Total:£30,000.00£15,541.80