loanLoan
Capital at risk
24
Months
12.0%
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Art Unlimited Ltd started trading in February 2015, led by Director and Shareholder Ajay Nagpal. Art Unlimited trades as Furniture House, which provides quality sofas and mattresses at retail prices for their retail clients. They are looking for a loan to purchase further stock from China, thus continuing to expand their product range.

Bringing you the best offers to increase the comfort of your home.

Art Unlimited understands that the sofa is the focal point of a home, where friends and families spend most of their free time when at home. As such, they are working hard to get the best deals to bring the best sofa into your home. Before starting Art Unlimited, Director Ajay worked as Purchase Manager for an Irish furniture import and wholesale company, where his main responsibility was to deal with all suppliers from China and Thailand.

Having had close relationships with said suppliers, Ajay approached them to start his own company, Art Unlimited. To start, the suppliers were happy for him to take a few of the goods they had in transit to a company which had recently liquidated. From here, the relationship with the suppliers continued, with Ajay expanding his imports to continue broadening his sofa and bed sales in both the UK and Ireland.

True to their sofa focus, the company started selling leather sofas only. In the first year of trading, the company had a turnover of £80K due to their small product line. To increase turnover, fabric sofas and upholstered beds, for which there is a high demand in the furniture market, were introduced to the product range.

Their hard work with home furnishing doesn't stop with the sofa, as Art Unlimited also import mattresses at better prices for their retail clients, who can then sell said mattresses at brilliant prices to their customers.

As such, their second financial year saw the company turnover £1.1 million. Now, Art Unlimited are getting even further demand for mattresses to go along with their upholstered beds.

To meet this demand, Ajay has set up a procurement process with their suppliers, choosing different ranges of mattresses at negotiated prices. As such, the company now needs the extra funding purchase said mattresses.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 50k
Raised
£ 51k
Investors
77
Estimated close date
Funded 1 year ago in 6 hours

Where will the funds go?

Purchase additional stock
£50,000

Key people

AN
Ajay Nagpal
Director

A. A business can fail for several reasons that is not entirely due to less sales. In Irish case it was more case of mismanagement.

A. We are importers and wholesale company . All our customers are shops or online sale companies . These online companies use platform like eBay , Groupon, Wayfair, Wowcher and worldstores. So our presence has to be only for b2b we can't be seen selling to the public.

We have sales employees who sell to trade customers all over UK and Ireland.

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Business brand

Ossett, UK

"Bringing you the best offers to increase the comfort of your home."

Incorporated
8 years, 1 months
Equifax score
51 / 100
Equifax Grading
powered by Equifax
Higher than average score
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