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loanLoan
Capital at risk
36
Months
16.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Celtic Frozen Drinks is one of the UK's fastest-growing Slush providers, with over 20 years of experience. Their position in the frozen drinks sector has been strengthened by the introduction of new tasty global syrup brands. They offer a range of quality-assured products including environmentally-friendly options.

Provide quality-assured slush solutions service gloabally.

At Celtic Frozen Drinks, we provide every imaginable product. We supply slush machines, well-known American slush syrup brands, spare parts, and more. We are committed to providing excellent customer service and ahead-of-trend slush solutions.

With 20 years of experience, we have developed the know-how to source the best items and consumables. We've built a reputation for offering leading expert advice and high-quality service. Our key strength is our ability to react quickly and reach decisions promptly. We've found that this satisfies the needs of present and potential clients.

We have always maintained our ethos and commitment to client satisfaction. Our goal for the future is simple: to create and enhance what we already consider to be exceptional products, brands, and services. It is crucial that we keep moving, developing, and bringing new and exciting products to our present and potential consumers. With an ever-changing market, we want to continue to stay ahead of trends.

Credit commentary:
The directors are providing personal guarantees, 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 for 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 12-month management accounts show that profit before tax was £102,079 and net equity was £308,881. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

Inflation risk:
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 money from the business all capital is vital for the growth of the business.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (2 of 2)
£ 47k
Raised
£ 28k
Investors
82
Est close date
13d 13h

Where will the funds go?

Working Capital
£23,260
Refinance
£23,260

Key people

Gareth John Dunning
Director
Rachel Jane Dunning
Director

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Business brand

Pontyclun, UK

"Provide quality-assured slush solutions service gloabally."

Incorporated
8 years, 7 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.