Annafield Ltd is a fast-expanding renovation company owned by the Gough brothers. Their largest project is Lazy Otter Meadows, set on the tranquil banks of the River Great Ouse, between Cambridge and Ely. With holiday and residential properties to buy, moorings to rent, and a homely pub to stay in, The Lazy Otter has all you need for a quintessential English break. The money raised will go towards the further renovation of the site, following the success of their previous raise with Crowd2Fund.
Developing quality properties for home and away
We recently executed a three-part plan for total renovation of the grounds, focusing on the development of 14 park homes and 28 leisure lodges for selling. These beautiful homes are fitted to the highest standard with stunning views of the marina and river. For those wishing to moor along our banks, we have 47 permanent moorings, and 5 for visitors, all within a safe, gated environment. Off complex, we are in close proximity to the historic Ely Cathedral, University of Cambridge, and the town of St. Ives. Our on-site pub, which is leased out, offers 4-star rated accommodation, a venue for events, and a delicious variety of dishes served in the restaurant. This success was recognised in 2009 by an Ely Standard Business Award.
Our rating on TripAdvisor averages at 4.5, with the majority of reviews being 'excellent'. We previously raised with Crowd2Fund to help fund the renovation of our lodges, and we've now returned to replicate the success of this again.
Where will the funds go?
A. The St. Neots development is under way and going as planned. This investment is for refurbishment of lodges in The Lazy Otter.
A. Please see comments above, now being answered.
A. As just explained i have been away for a few days and could not get emails through on my phone. I apologise and am now answering questions.
A. I apologise for late response , i have been away for a few days and could not get emails through on my phone. Questions now being answered.
A. We have just had the company valued at 2.5 million by Christie and Co and the only fixed charge against the company is with Cambridge and Counties for 1.2 million.
A. The last loan was used to partially pay off some loans and the rest was used for business working capital.
A. We have just had the company valued at 2.5 million by Christie and co and the only fixed charge against the company is with Cambridge and Counties for 1.2 million.
A. This new funding is for the refurbishment of lodges and this will help to increase the overall property value and will increase the turnover and profitability of the business.
A. The forecast headline figures for 2018 are approximately as follows -
Profit before Taxation £150,000
Profit after tax £120,000
A. This funding is for refurbishment of some lodges and this sum should be sufficient.
A. Current assets have fallen from £1.2m in 2016 to £118k in 2017 due to repayment of the directors loan accounts totalling £1.1m. This corresponds with the reduction in share capital as a result of the capital reduction which took place during 2017.
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"Developing quality properties for home and away"
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