Vicarage Ventures Ltd

Business Services

Funds Raised

£19,623.00

Final AER

14.73%

Loan term

60 MONTHS

Auction Closed

2015-10-06

Micro Loan Opportunities
Buy Capital Seller's
Premium
Price Buyer's
Rate
BuyBack
£3.82 +5.00% £4.01 8.60%
£3.82 +7.90% £4.12 5.08%

About the Business

Company Name: Vicarage Ventures Ltd Company Number: 07470077
Business Type: Business Services Years Trading: 4-5 years
Business Location: Chippenham

About the Risk

Risk rating

B

Default rate

7.10%

Bad debt rate

5.84%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

All Assets Debenture

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

This loan was refactored after the original repayment plan was not adhered to. Lenders can view the original loan profile at https://www.rebuildingsociety.com/applications/vicarage-ventures-ltd/ If you are considering purchasing Micro Loans, it is strongly recommended that you review the original loan profile and loan updates to review all information before deciding whether to purchase.

We are a boutique corporate finance company. We raise money for, and invest in, companies . We also provide advice and my services as a director. I specialise in turning companies around and growing companies largely by acquisition. The company earns substantial fees on success. The largest individual fee in the last 6 months was £100,000.

As well as regular fees coming in, we have a lot of work in progress and I expect to receive fees of well over £200,000 over the next 9 months. This will give a substantial profit as we have very low overheads. We've also invested £100,000 in a biomass district heating system at the Old Vicarage and sell heat to 3 different locations. We get paid renewable heat incentive on a quarterly basis for the heat we generate,

Read more

Loan Offers

What is the loan for?

The loan is for working capital purposes. We borrowed 50% of the £100,000 cost of the biomass heating system and this has put pressure on our reserves.

Why consider investing?

We have extremely low overheads. We made good profits over the last 2 years. We expect to make a substantial profit this year on work we are already doing. We have a regular stream of income from investee companies. We have several projects we are working on, including in relation to those companies, which will produce substantial success fees over the next 12 months.

Disclosures

The company has not provided full YE 2013 Accounts, only abbreviated accounts were made available. The Borrower has stated that in the 1st year of trading the company was near dormant in its activities

Security

The loan is to be secured by way of a director's personal guarantee and an all assets debenture.

The Director has an estimate net worth of £1.11m, this is through ownership of a property with an estimate net worth of £2.5m and equity of £678k.

DateAmountCapitalInterestReceived
09/05/2018£709.45£468.57£240.88
09/06/2018£709.45£474.32£235.13
09/07/2018£709.45£480.14£229.31
09/08/2018£709.45£486.04£223.41
09/09/2018£709.45£492.00£217.45 (22 days late)
09/10/2018£709.45£498.04£211.41
09/11/2018£709.45£504.16£205.29
09/12/2018£709.45£510.35£199.10
09/01/2019£709.45£516.61£192.84
09/02/2019£709.45£522.95£186.50
09/03/2019£709.45£529.37£180.08
09/04/2019£709.45£535.87£173.58
09/05/2019£709.45£542.45£167.00
09/06/2019£709.45£549.10£160.35
09/07/2019£709.45£555.84£153.61
09/08/2019£709.45£562.67£146.78
09/09/2019£709.45£569.57£139.88Not Due
09/10/2019£709.45£576.57£132.88Not Due
09/11/2019£709.45£583.64£125.81Not Due
09/12/2019£709.45£590.81£118.64Not Due
09/01/2020£709.45£598.06£111.39Not Due
09/02/2020£709.45£605.40£104.05Not Due
09/03/2020£709.45£612.83£96.62Not Due
09/04/2020£709.45£620.35£89.10Not Due
09/05/2020£709.45£627.97£81.48Not Due
09/06/2020£709.45£635.68£73.77Not Due
09/07/2020£709.45£643.48£65.97Not Due
09/08/2020£709.45£651.38£58.07Not Due
09/09/2020£709.45£659.38£50.07Not Due
09/10/2020£709.45£667.47£41.98Not Due
09/11/2020£709.45£675.66£33.79Not Due
09/12/2020£709.45£683.96£25.49Not Due
09/01/2021£709.45£692.35£17.10Not Due
09/02/2021£709.45£700.85£8.60Not Due
Total:£19,623.89£4,497.41