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loanLoan
Capital at risk
36
Months
14.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Environmentally conscious and innovative, Affordable Home Improvements offers a wide range of home improvement solutions including recycling old housing installations. OTE for this year was £1.8 to £2 million and their goal is to grow turnover to £3.5 to £4m per annum. With decades of experience, Andrew is now seeking funds for expansion.

We offer excellent work for just over average market prices. Hence affordable excellence.

I have industry experience dating back to 1993, having worked in roles within the industry from groundworker and base contractor to Company Director over 30 years. I've worked for the biggest brand in the UK and smaller to medium sized family businesses. At Affordable Home Improvements, our mission is to maximise massive knowledge and expertise, to create a legacy and brand that grows. Problems average people face are based around price, expertise and final finished product. We offer excellent work for just over average market prices. Hence affordable excellence.

Affordable Home Improvements is comprised of a team of 25 skilled men with a wide range of expertise. We are innovative and forward thinking, and I'm proud to say we've created our own brand of conservatory solid roof replacement called ‘Ultrawarm roof’ whereby we can beat any competition on thermal efficiency. We can also take old rotten home improvement installations and turn them into items of beauty and function, so our company works towards a sustainable environment by recycling old parts.

Our OTE for this year is £1.8 to £2 million. Our goal is to grow turnover to £3.5 to £4m per annum. Funds are required for the new corporate websites, new branding encompassing signage, uniform, stationary and stock. The money would bring fiscal targets forward by approximately 4 to 6 months and build infrastructure to success very quickly.

Credit Commentary:
The director is providing a personal guarantee, this means if the business fails the director becomes personally liable for the loan. The director is a homeowner, however, this does not necessarily ensure that there are sufficient assets should the loan need to be recovered. On analysis of the 2022 accounts, while the company did experience a decrease in their gross margin, they, however, experienced a substantial increase in turnover. The 2022 accounts also mark a significant increase in the company's retained earnings, highlighting its strong financial health We have calculated a debt-serving capacity of 1.98, which shows the company can afford the loan. The net gearing of the company is at 50%, highlighting the stability of the company. The EBITA for the 2022 accounts was £104,629.

Inflation Risk:
The business advised the only impact of inflation is within the pricing of projects, this is determined by products and material costs. However, the business is constantly monitoring product and material costs. As all lending is at a fixed rate, the business will not immediately be affected by any interest rate increases.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 54k
Raised
£ 54k
Investors
112
Est close date
Funded 8 months ago in 2 days

Where will the funds go?

Stock
£27,174
Working capital
£27,174

Key people

AC
Andrew Charles Parker
Director

Business brand

Ivybridge, UK

"We offer excellent work for just over average market prices. Hence affordable excellence."

Incorporated
6 years, 2 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.