BURKE RICKHARDS LIMITED

BURKE RICKHARDS

Award-winning architects with impressive portfolio

Loan

Capital at risk

Months

10.5%

apr^*

Successful

Capital at risk

Amount

You make

Successful

Minimum investment is £100

Total return

Monthly repayments

Our APR explained

Architectural practice, Burke Rickhards, are a leading design consultancy to the public and private development sectors. They have nationally-recognised expertise and experience in the specialist field of sports and leisure design, as well as in the residential and commercial sectors. A principal theme in their designs is providing attractive, sustainable, and cost-effective buildings. With the funds raised, Burke Rickhards will finance their continued growth with a number of exciting new projects already secured.

Tell me more

Innovative and sustainable architectural practices

Burke Rickhards was established over twenty years ago and have since been gathering commercial awareness and practical experience to make our way to the top of our industry. From architects to interior designers, project managers to cost consultants, we cover the entire process from conception to completion. We've been heavily involved in the sports and leisure sector, and were named 'Expert Advisor' in 1996 for the Sports Council Lottery Fund of England. We also operate in the commercial and residential industries, working on hotels, restaurants, offices, warehousing, and health facilities, to name a few. For example, we've built numerous leisure centres around the UK, the Millbay Marina, the Hounslow Travel Lodge, and the multi-faith Maqam Centre - take a look on our website for our full portfolio.

Regulation and compliance is paramount to us. We're an ISO 9001 registered and RIBA Chartered practice, ensuring all of employees comply with this quality management system. Furthermore, we're also ISO 14001 registered for environmental management, meaning sustainability is always at the forefront of our minds on each project we undertake. We creatively seek solutions for low carbon emissions and support benchmark schemes like BREEAM and the Code for Sustainable Homes.

Our success is down to our investment in personnel and new technology, which has greatly improved our capabilities over the decades. We're now operating on a national level and will use the funds raised in this campaign to facilitate upcoming contracts as we continue to execute innovative design.

Business keeps the raised amount even if target is not met.

Maximum

£ 90k

Raised

£ 90k

Investors

317

Estimated close date

Funded 12 days ago in 6 days

Where will the funds go?

New contracts

£90,000

Key people

Timothy Burke

Director

Stephen Rickhards

Director

Q. Hi there . Do you have an estimated time in you mind for when you expect to have paid off previous high interest loans which I think you said was around 180k with 20k interest ?

A. The loan total are not all high interest...about a third and due to clear within the next 6 months

Q. Hi, can you explain the different roles of your two companies on Comp House? Thanks

A. Burke Rickhards Ltd (BRL)is our main trading business. Burke Rickhards Architectural Ltd (BRAL)is a SPV set up initially for one project but now with others to follow where we have a financial interest in the project beyond our normal fee structure but also with a different risk profile. In all cases BRL receive their fees in the normal way from BRAL who are/ will be the client body in these instances.

Q. Over both years you have quite high current assets as a % of turnover. I don't imagine you will keep stock so is this mostly debtors? Is all of it recoverable?

A. The nature of our business and Client expectations can mean about 6months from initial work to first payment being raised on some projects, therefore WIP is fairly high.Debtors are generally about 2 months t/o...in both cases these have generally always been recovered ...and in the case of WIP exceeded.

Q. What exactly will the money be used for? Bit vague "New Contracts"

A. Working capital to assist growth while fee income from new projects comes on stream.

Q. Hi would you please answer the questions people ask. Other wise nobody will invest with your company. Thank you William

A. see answers provided - all made well within a day!

Q. How much business is booked for FY 2020 already, and how much are you bidding for and expecting to get?

A. T/O forecast for the year ahead (to 30.04.20) is £1.7M of which all but £300k is secured, with a further £700k already secured for the following year.
In addition we have 'current prospects' on a further £2-3M of fees.

Q. How does the the Net Interest stack up with the liabilities - it seems to indicate some extraordinary interest rates?

A. due to lack/reduced support from bank alternative (expensive ) short term sources of funding were necessary to fund growth - these have now largely been repaid