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loanLoan
Capital at risk
36
Months
16.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

In operation since 1997, AD 2000 Windows is a Maidstone-based window fitting business, with an emphasis on energy efficient double-glazed windows. Trading as Tradeglaze, they provide bespoke services for conservatory fittings alongside their standard window fittings, ensuring that customers can rely on them for all of their glass-related construction needs. Their customer feedback speaks for itself, with 94% of their customers rating them as Very Good or Excellent in their 17-Year Consumer Feedback Survey.

To be Kent's no. 1 family-run home improvement company.

Since 1997, we've been delivering top-notch services to the Maidstone community and its surrounding areas. Our expertise extends beyond the installation of BFRC A+ rated double glazed windows to encompass doors and conservatories. With a commitment to customisation, we actively engage in each project to ensure seamless execution. Moreover, our director personally handles sales calls in order to provide customers with the attention and respect he feels they deserve.

Our product offerings come with a range of options, and we guarantee the longevity of our windows, pledging that they won't discolour, warp, or crack for up to ten years, thanks to the utilisation of cutting-edge materials in their production. From contemporary bi-fold doors to elegant patio doors, each is tailor-made to suit any home, and our conservatories are crafted to fulfil diverse needs within our customers' budgets. Additionally, we back our UPVC windows and doors with a 10-year guarantee. We have even expanded into kitchen makeovers, offering this in addition to our other services for the past 10 years.

The British Fenestration Rating Council, or BFRC for short, has recognised us for our 'Energy Efficient windows.' Boasting an A+ rating on the energy scale (which ranges from A to E), we excel in blocking wind and rain while harnessing natural "free" energy—the sun's warmth—to heat your home. This high rating not only helps customers save energy and money but also contributes to a reduced carbon footprint. We take pride in our achievements and our role in fostering a greener planet.

Credit commentary:
The director Stuart Lee Hewitt is providing a personal guarantee, which means should the business fail and have insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay any shortfall on repayment. There have been no CCJs for the business or director. This is a returning business with good repayment performance over the past year. Our assessment indicates a debt-serving capacity above 2, affirming the company's ability to manage the loan. We calculated their EBITDA to be around £326,011 and their Tangible Net Worth of £45,845 enough to cover the proposed facility. The bank statements demonstrate reasonable affordability, and the accounts remain well in credit.

Inflation Risk:
The business advised that although the market has increased prices due to the cost of raw materials, the business manages its supply on a set period based on agreed costs. As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. The director does not expect to draw money from the business as all capital is for working capital and debt settlement.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (2 of 3)
£ 108k
Raised
£ 40k
Investors
152
Est close date
Funded 2 months ago in 29 days

Where will the funds go?

Van Loans
£46,000
Showroom Fit Out
£27,600
Stock Purchases
£14,320
Working Capital
£75,124

Key people

Stuart Lee Hewitt
Managing Director
MRS SHARON HEWITT
Finance Director
Red cup

Investor rewards

Window of Opportunity

If you invest you get 5% discount with Trade-glaze
An exclusive nontransferable to friends and family gift to all investors

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Business brand

Maidstone, UK

"To be Kent's no. 1 family-run home improvement company."

Incorporated
26 years, 5 months
Credit risk indicator

Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.