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loanLoan
Capital at risk
36
Months
16.5%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Decorus is both a retailer and manufacturer of high-quality jewellery and watches. They employ an in-house craftsman who provides custom work as well as adjustment and restoration work for second-hand pieces. Nestled in Oxted in East Surrey, Decorus has been selling and restoring both watches and jewellery for over 14 years. From rings and necklaces to antique pocket watches, Decorus is a one-stop shop for things that sparkle and things that make a statement about you.

Your choice for fine jewellery and watches in Surrey.

I have been involved in the owning and running of jewellery shops for over 40 years retail jewellery shop buying second-hand jewellery and watches. We have a workshop on the premises which we use to recycle much of the pre-loved jewellery that we take in. Much of this is turned into handmade diamond jewellery which we then sell though our retail shop on Oxted High Street. We provide myriad services besides this, including resizing and replating, alongside fixing and refurbishing watches.

We are very proud of the ability we have to deliver what people want in a short timescale, manufacturing the pieces for our customer's requirements and ensuring they leave our shop happy with their purchases. Our turnarounds can be very quick due to the skill and experience of our in-house craftsman and his team. They ensure that any project they take on, from an adjustment to a custom piece, is completed to perfection and in record time. Whilst we offer a selection of standard services, we are always happy to discuss our customers’ needs in the event they require a non-standard service. Client satisfaction is one of the key focuses of our business, and we definitely agree that there’s no business like repeat business.

The main difference between us and our competitors is that we understand the business of jewellery inside and out, and we can manufacture jewellery at a far cheaper price than anybody locally. We know all of our loyal customers very well and we are very well established and respected in the area. Moreover, we have been expanding our digital presence. Sales have increased recently due to our utilisation of social media in our marketing, allowing us to reach a much wider market. Thankfully our team is still able to keep up with the increased demand, and we recently experienced our largest turnover since we opened 14 years ago. Our focus may be on older things, but we have adapted and adjusted to the modern era and are more than keeping up!

Credit Commentary:
The director Jason Carr is providing a personal guarantee, which means should the business fail, and there are insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay any shortfall on repayment. The director is a homeowner with sufficient equity to cover the loan. There have been no CCJs for the business or director. We have performed our assessment on recent financial information, including July 2023 management accounts, which were not available to Equifax. The management accounts show that the pre-tax profit was £105,556 and net equity was £ 229,201. The mitigants are that this company is well-established, with a substantial EBITDA and Tangible Net Worth to cover the proposed facility.

Inflation risk:
Considering that most of the business lending occurs at fixed rates, it remains unaffected by the current interest rates. The director anticipates no need to withdraw funds from the business, as the facility is primarily utilized to bolster stock levels.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 54k
Raised
£ 27k
Investors
110
Est close date
Funded 6 months ago in 29 days

Where will the funds go?

Stock purchases
£27,174
Setup of a new workshop
£27,174

Key people

JD
Jason Daniel Carr
Director
Red cup

Investor rewards

Merry Christmas

If you invest you get 20% off any item in store
Enjoy!

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Business brand

Ilford, UK

"Your choice for fine jewellery and watches in Surrey."

Incorporated
17 years, 2 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.