loanLoan
Capital at risk
36
Months
11.5%
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Cullingworth & Co have a well-established reputation in Warwickshire, practising since 1993, helping new and existing businesses and private clients with a variety of matters from tax consultancy to payroll services. They were recently acquired from the previous principal in 2018 and are seeking funds to revamp their marketing, office and hire two new employees.

Your success is what we strive for.

Cullingworth & Co has been practising since 1993, helping our clients with a range of financial and business services. We believe that our experience can help businesses achieve success, as we provide expert advice and can take on a lot of their accounting functions, to allow businesses more time to concentrate on growing their trade.

We now serve over 200 clients across the nation and abroad, including Australia and the Middle East. We offer tax consultancy, bookkeeping, VAT returns, accounting and payroll services, as well as consulting on more complex business management matters. With many years of experience in consulting and assessment, our team of experts are ideally placed to answer their taxation and business queries.

In July 2018 the practice was acquired from the previous principle and now we are looking to strategically grow the business. To do this, we are raising funds to hire two new employees, so we can take on more clients. We will use the remaining funds to refresh our office, purchase new equipment and invest in our website and marketing.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 30k
Raised
£ 28k
Investors
226
Estimated close date
19d 15h

Where will the funds go?

Marketing initiative
£3,000
New website
£2,500
Refitting of additional office space
£3,000
New and upgrade of IT equipment
£6,000
Loan consolidation allowing for new hires
£15,500

Key people

TL
Tobi Labeodan
Director

Got a question for the business?

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A. Hi Adrian, thanks for your question.

The business has been established for a long time now and continues to grow since it was acquired.

This is in addition to my involvement in other businesses.

The growth is mainly due to putting the needs of clients first which has led to new work streams and warm referrals from existing clients.

By bringing in additional resources, I will be able to focus on working more on the business and the initiatives to growing an accountany centre of excellence.

A. Hi Jakob, thanks for your question.

The business has been established for a long time now and continues to grow since it was acquired.

This is in addition to my involvement in other businesses.

The growth is mainly due to putting the needs of clients first which has led to new work streams and warm referrals from existing clients.

By bringing in additional resources, I will be able to focus on working more on the business and the initiatives to growing an accountany centre of excellence.

A. Hi Alan, thanks for your question.

In 2018, the wages and employment cost contributed to the lower profit figure.

Since that time, we have managed a high staff turnover with using subcontractors. We are now looking to recruit more permanent staff to help manage the increased volume of work that is expected from our marketing initiatives.

From our financial forecast, this should see us move from net profit margin of around 4% to net margin of around 17%.

Hope this helps.

A. Hi Jakob, thanks for your question.

Consolidation will free up approximately £500 per month.

Hope this helps

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Business brand

Warwickshire, UK

"Your success is what we strive for."

Incorporated
16 years, 6 months
Equifax score
44 / 100
Equifax Grading
powered by Equifax
Average score
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