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loanLoan
Capital at risk
36
Months
19.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

The company started in a small garage in Halifax, UK, and has since grown into one of the leading luxury gift packaging brands in the UK, Europe, and the US. Designed in the United Kingdom and manufactured in India, Poland, Spain, and the United States. With expertise in the industry for 30 years, their clients include retailers around the globe. Their focus is sustainable, recyclable, and eco-friendly products.

To create a fashion statement within the gift packaging industry globally.

Crown Greetings offers sustainable luxury gift wrapping solutions, products include gift wrapping, paper bags, boxes, ribbons, bows, gift tissue, tags, stationery and paper dinnerware. We believe that the manner of giving is worth more than the gift. We make it super fashionable for paper lovers. Our designers put a lot of heart and soul into the designs and illustrations.

We believe in localisation and have designers in each location that we cater to, this means that we are tailoring our designs to the market. A lot of thought and market research goes into understand our customers better, giving them the best concepts. We are dedicated to designing eco-friendly products. With our never-ending commitment to innovation, our products are a blend of culture and sustainability.

Crown Greetings has partnered with top gift packaging manufacturers in order to make our products available to our valued clients all over the globe. We offer packing solutions for any occasion. Currently, we are in a phase of expansion and delighted to bring you the opportunity to invest as we grow.

Credit commentary:
The director is providing a personal guarantee, this means that if the business fails the director becomes personally liable for the loan. The director is a homeowner, 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 director. This is a credit policy exception as the debt servicing capacity of the company is below credit policy requirements and the tangible net worth is negative due to an intercompany loan. This is mitigated by the cashflow forecast, which we were provided with, showing net cash generation of c. £60k after loan repayments. The company will also be providing evidence to show the intercompany loan has been repaid before the end of April 2023, which will increase tangible net worth to within credit policy. The Equifax score and grade, on which we base our assessment of risk, are based on the December 2021 filed accounts. We have performed our assessment on recent financial information, including the December 2022 final accounts, which were not available to Equifax. The December 2022 accounts below show that pre-tax profit was £53,923 and net equity was £84,371. 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 as 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)
£ 41k
Raised
£ 29k
Investors
89
Est close date
Funded 11 months ago in 28 days

Where will the funds go?

Working Capital
£20,746
Expansion
£20,746

Key people

Abhishek Gupta
Director

Business brand

Sowerby Bridge, UK

"To create a fashion statement within the gift packaging industry globally."

Incorporated
7 years, 3 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.