loanLoan
Capital at risk
24
Months
15.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Established in 1975 by Dewi Thomas, D G Thomas Agri has been supplying and repairing tractors and Machinery in Meirionydd and beyond for over 40 years. The business was acquired by the current owners in 2020. They are raising funds in order to purchase more machinery and for working capital.

Provide a streamline service selling exclusive machinery and tractors, with expertise in repairs and servicing

DG Thomas Agri Ltd specialises in Agricultural Machinery servicing, spare parts and Machinery in Meirionydd. We are proud to have formed partnerships and exclusivity deals with some world renowned brands including: Landini, Kuhn, Corvus and Marshall Trailers. With decades behind us, we are excited about this opportunity for expansion.

My experience working for dealers and major manufacturers all over the world has proven incredibly beneficial for the company . Our unique position is our ability to service and repair all tractors and machinery, regardless of the make and model. Furthermore, we have exclusivity in Wales on our utility vehicles. This new machinery is popular amongst our customers, already selling 6 machines in the last 2 months. We also have exclusivity on Kuhn models in Wales. Our comprehensive parts stock covers all major tractor and machinery manufactures.

We are passionate about providing a leading service to our customers which is how we've maintained repeat business and long lasting relationships. We've built a stellar reputation within the industry and are thrilled about our next phase of expansion. We are raising funds in order to purchase more machinery and for working capital.

COVID-19 Resilience:
The effects of COVID-19 have been felt in almost every sector including farming and agriculture. We have moved through challenges presented by the pandemic and are in a positive place.

Credit Commentary:
The director is providing a personal guarantee and indemnity. This means that if the business fails to make payments on the loan the director will be liable to make the payments or settle the loan. The director is a homeowner, however this does not ensure there are sufficient assets should the loan need to be recovered. The company is offering a debenture over the assets of the company. This means that we will have the power to appoint an administrative receiver if the company defaults on the loan. If the company is placed into liquidation, the lending will be repaid ahead of most unsecured creditors from the sale of any assets owned by the businesses (typically stock, trade debtors and goodwill). However, these assets may have been depleted or it could be deemed too costly to recover the assets. The bank statements demonstrate reasonable affordability. The Equifax score and grade, on which we base our assessment of risk, are based on the 2021 accounts and we have performed our assessment on more recent financial information which was not available to Equifax.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 130k
Raised
£ 45k
Investors
132
Est close date
11d 18h

Where will the funds go?

New Machinery
£65,104
Working Capital
£65,104

Key people

William Desmond Ellis
Director

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Business brand

Llanbedr, UK

"Provide a streamline service selling exclusive machinery and tractors, with expertise in repairs and servicing"

Incorporated
2 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.