THE RETREAT (LEEK) LIMITED

Other

Funds Raised

£25,000.00

Final AER

14.41%

Loan term

60 MONTHS

Auction Closed

2015-02-12

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£0.99 +2.50% £1.02 5.00%

About the Business

Company Name: THE RETREAT (LEEK) LIMITED Company Number: 07061806
Business Type: Other Years Trading: 4-5 years
Business Location: LEEK

About the Risk

Risk rating

C

Default rate

13.00%

Bad debt rate

5.33%

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 director and majority shareholder

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Visit Our Website

The Retreat is an award winning Spa, Health and Beauty centre situated in the historic English market town of Leek, Staffordshire.

Not only does The Retreat offer Spa, Health and Beauty services and products, it also enjoys a complete, integrated hair salon and 'Jester' Bistro. Our goal was to create a place of complete relaxation for our clients. A solace away from the cares and turmoil's of working life, an inspiring and healthy retreat. A selection of jewellery, greeting cards and handbags are also available to browse and purchase from our reception area. The Retreat boasts a luxury adjoined cottage featuring 2 bedrooms, plasma TV, Jacuzzi bath and much more for those who want to have a night or weekend away.

Read more

Loan Offers

What is the loan for?

With the funds we are looking at replacing some of the machinery we have and undertake some maintenance around the spa. In order to grow our business we also need to attract new clients and undertake a targeted marketing campaign to let more people know about our outstanding facilities, therefore this is where the remaining part of our funds will be used.

Why consider investing?

Our business was incorporated in 2009 and now has a number of additional income streams on top of the main Spa facilities. Our accounts are continuing to show growth and to March 2014 our turnover was £396,824 with a profit of £40,970 before tax. When looking at the additional borrowing for this loan, the debt repayment can be met by the existing profits in the business. The business also employs a good number of quality staff and have a good structure in place with Yvonne managing from the top down.

Notes on Director

The Director was subject to a bankruptcy order in March 2010. This has since been discharged

Security

The loan is to be secured by way of Directors guarantee and a 2nd priority debenture.

The director has an estimate net worth of £18k, through ownership of a property with an est value of £430k and est. equity of £18k

DateAmountCapitalInterestReceived
11/03/2015£587.03£286.83£300.20
11/04/2015£587.03£290.27£296.76
11/05/2015£587.03£293.76£293.27
11/06/2015£587.03£297.28£289.75
11/07/2015£587.03£300.85£286.18
11/08/2015£587.03£304.47£282.56
11/09/2015£587.03£308.12£278.91
11/10/2015£587.03£311.82£275.21
11/11/2015£587.03£315.57£271.46
11/12/2015£587.03£319.36£267.67
11/01/2016£587.03£323.19£263.84
11/02/2016£587.03£327.07£259.96
11/03/2016£587.03£331.00£256.03
11/04/2016£587.03£334.97£252.06
11/05/2016£587.03£339.00£248.03
11/06/2016£587.03£343.07£243.96
11/07/2016£587.03£347.19£239.84
11/08/2016£587.03£351.36£235.67
11/09/2016£587.03£355.58£231.45
11/10/2016£587.03£359.85£227.18
11/11/2016£587.03£364.17£222.86
11/12/2016£587.03£368.54£218.49
11/01/2017£587.03£372.96£214.07
11/02/2017£587.03£377.44£209.59
11/03/2017£587.03£381.98£205.05
11/04/2017£587.03£386.56£200.47
11/05/2017£587.03£391.20£195.83
11/06/2017£587.03£395.90£191.13
11/07/2017£587.03£400.66£186.37
11/08/2017£587.03£405.47£181.56
11/09/2017£587.03£410.34£176.69
11/10/2017£587.03£415.26£171.77
11/11/2017£587.03£420.25£166.78
11/12/2017£587.03£425.30£161.73
11/01/2018£587.03£430.40£156.63
11/02/2018£587.03£435.57£151.46
11/03/2018£587.03£440.80£146.23
11/04/2018£587.03£446.10£140.93
11/05/2018£587.03£451.45£135.58
11/06/2018£587.03£456.87£130.16
11/07/2018£587.03£462.36£124.67
11/08/2018£587.03£467.91£119.12
11/09/2018£587.03£473.53£113.50
11/10/2018£587.03£479.22£107.81
11/11/2018£587.03£484.97£102.06
11/12/2018£587.03£490.80£96.23
11/01/2019£587.03£496.69£90.34
11/02/2019£587.03£502.66£84.37
11/03/2019£587.03£508.69£78.34
11/04/2019£587.03£514.80£72.23
11/05/2019£587.03£520.98£66.05
11/06/2019£587.03£527.24£59.79
11/07/2019£587.03£533.57£53.46
11/08/2019£587.03£539.98£47.05
11/09/2019£587.03£546.46£40.57
11/10/2019£587.03£553.02£34.01Not Due
11/11/2019£587.03£559.66£27.37Not Due
11/12/2019£587.03£566.38£20.65Not Due
11/01/2020£587.03£573.19£13.84Not Due
11/02/2020£587.03£580.07£6.96Not Due
Total:£25,000.01£10,221.79