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
£

Autotrade Solutions, trading as Garage Equipment Group, is a leading company in distributing, designing, and assembling automotive vehicle servicing equipment. From tyre changers to scissor lifts, they stock a vast range of Eurotek and Platinum equipment, developed and built in the UK. They have over 15 years of experience in the trade. They're a returning Crowd2Fund client with excellent repayment history. Funds raised will be used for working capital and refinancing.

Our aim is to build long-term relationships with clients and dealers, and we do this by maintaining constant high standards.

GEG's arsenal of products includes UK-designed and built tyre changers, wheel balancers, post lifts, scissor lifts, MOT bays, trolley jacks, and much more. Since our formation in 2002, our continuous efforts to provide a high quality of customer service, along with the latest equipment, at an affordable price has led to us becoming the UK's largest independent garage equipment wholesale company.

We aim to leave our customers satisfied at every stage of their relationship with us, ensuring that we distribute, design, and assemble garage equipment to a standard such that we establish long term relationships with every business that we partner with. The equipment we provide includes a range of lifts including 2 post and 4 post lifts, specialised motorcycle equipment, and mobile van tyre fitting equipment for those who need to aid their own customers on the go.

The safety of those using the equipment that we supply is imperative, so we can say with pride that we conform to all UK and European safety regulations because our customers' safety is our safety. Although all of the equipment that we supply is designed and built to last, we understand that sometimes things don't always go to plan, so all of our Eurotek and Platinum products come with a 2 year part warranty. We are delighted to be joining Crowd2Fund again and to offer investors the opportunity to join us as we continue to grow.

Covid Resilience:
Autotrade Solutions Ltd has moved through challenges presented by COVID-19 and is proving good resilience.

Credit commentary:
The directors are providing a personal guarantee, this means that if the business fails, the directors become personally liable for the loan. The directors are homeowners, however, this does not ensure there are sufficient assets should the loan need to be recovered. There have been no CCJs against the business or directors. The Equifax score and grade, on which we base our assessment of risk, are based on the 2020 accounts. We have performed our assessment on recent financial information, including 2021 management accounts, which were not available to Equifax. The year-to-date management accounts show that net equity was £1,016,747 and net profit was £234,532. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (2 of 2)
£ 175k
Raised
£ 29k
Investors
77
Est close date
13d

Where will the funds go?

Refinance
£119,681
Working Capital
£119,681

Key people

CJ
Carl John Allenson
Director

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Business brand

Wirral, UK

"Our aim is to build long-term relationships with clients and dealers, and we do this by maintaining constant high standards."

Incorporated
19 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.