Waterproofing and concrete repairs business seek funds for expansion | City Remedial

With vast experience in waterproofing, ground gas protection systems, concrete and timber repairs, City Remedial Limited seeks to provide the best and most cost-effective solutions to their clients. Valuing innovation, honesty and reliability, they are a trusted installer in the areas of London, the Home Counties and the South East. They’re also approved creditors and installers for well-known companies such as Vandex, Rotafix and Delta Membranes. With an upcoming project secured, they are seeking funds to purchase new materials.

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With over 30 years' of experience in the construction industry, our founder, John Butcher set up City Remedial Limited to deliver high-quality services across a diverse range of projects. We are a team of highly experienced workers across structural waterproofing, ground gas protection systems, structural and concrete repairs and timber engineering.

Our company is independently run and we really care about ensuring our clients get the very best services from us. Communication is one of our core values and we are passionate about delivering innovation, honesty and reliability across everything we do. We provide excellent services and our team are super friendly - offering sensible and quality advice to all our clients and across all our projects. our surveyors are CSRT and CSSW accredited, so our clients can feel totally assured that they are in the best hands.

Our ultimate goal is to transform your space. For example - providing solutions for damp basements and cellars and repairing, renovating and renewing both old and new properties. We provide cost-effective answers to troublesome structural issues.

We are proud to have worked on projects with clients including The Star Café (also known as The London Gin Club) which is a popular eatery and bar owned by the same family for more than 75 years. After identifying a problem they had with severe penetrating dampness in their basement, we were able to rectify the situation by using Oldroyd XV Clear cavity drain membranes and a Sentry sump and pump system. Moreover, we suggested further solutions to prevent any potential damp recurrence.

As business begins to pick up and with a new project secured, the funds raised for this campaign will go towards purchasing materials so we can continue to deliver more excellent work.

COVID-Resilience:
The construction sector was hit hard in early 2020 due to lockdown however workers were allowed to return to work under specific guidelines in May 2020. According to IHS Markit / CIPS UK Construction PMI UK companies signalled a strong increase in output volumes during April 2021 and suggest a strong recovery however there are other challenges due to demand and supply imbalances and inflation pressure on the cost of materials.

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Credit Risk Comments:
The director reportedly has over 30 years experience in the industry. This is an established building maintenance company with a history of modest profitability but high levels of borrowing. The most recent accounts show an increase in sales and an improved gross margin of 20%. Cashflow is well managed and the bank statements show positive performance. The director is providing a personal guarantee, this means that if the business fails the directors become personally liable for the loan. The directors is not a homeowner. There have been no CCJs for the business or director.

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