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loanLoan
Capital at risk
24
Months
16.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

With a perfect repayment history over 4-years, CEC Energy are returning after the end of their C2F loan in April 2022. They operate in a highly defensible industry, with a large list of major clients. Buildings are required to provide property certifications, which has led to increased revenue and profits over the past year. They are aiming to use their solid foundation - built over 7 years - to expand into becoming a one-stop shop for all property certifications.

Delivering peace of mind through skill and experience in engineering.

Experienced property managers, estate agents, and managing agents have relied on our team of professional engineers to provide Energy Performance Certificates (EPCs) for many years. We service both domestic and commercial properties. If an inspection fails to meet the relevant safety rules, we will find solutions and undertake the necessary heating or electrical installations.

We don't stop at delivering and arranging EPCs or providing installation assistance. We also provide additional maintenance services such as thorough compliance audits on blocks and houses, as well as gas safety certificates. Aside from safety, our staff is ready to help clients in the property sector who are renovating, converting, or performing simple repairs on properties. Aid is also offered for inventories and lease plans. Our broad range of knowledge, skills and exceptional customer service have all contributed to the company's success to date.

We’ve received excellent testimonies for our stellar staff and the services delivered. We continue to maintain, repair, and improve the safety of buildings across the UK. With the ongoing demand, we are seeking funds for expansion and working capital.

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 2021 accounts. We have performed our assessment on recent financial information, including 2022 management accounts, which were not available to Equifax. The management accounts shows that the three month profit before tax is £11,189 and net equity is £529,844. Our tangible net worth calculations takes net equity and subtracts intangible assets, directors’ loans (current assets) and intercompany loans (current assets). Therefore, as the company had intangible assets and directors’ loans, the TNW was calculated to be negative based on the three month management accounts. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

Inflation risk:
The business advised that they might be slightly affected by higher input costs. There is expected to be an increase in their employees’ wages in December. As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. The directors do not expect to draw more than 8% from the business as all capital is vital for the growth of the business. CEC Energy advised that they are less likely to be impacted by inflationary pressures as their contractors have provided reassurance that they will keep prices constant for at least the next 6 months.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 53k
Raised
£ 53k
Investors
147
Est close date
Funded 1 month ago in 14 days

Where will the funds go?

Working Capital
£26,595
Expansion
£26,596

Key people

SL
Shirley Lewis
Secretary
RL
Richard Lewis
Director

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Business brand

Harrow On The Hill, UK

"Delivering peace of mind through skill and experience in engineering."

Incorporated
9 years, 6 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.