loanLoan
Capital at risk
36
Months
15.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

With over 16 years' experience in the interior construction industry, DMH Interiors have become specialists in partition walls, dry lining, suspended ceilings, carpentry and plastering. Based in Somerset, working nationally, director, Darren Hancock is raising funds for expansion and working capital.

Providing an excellent, environmentally friendly interior construction service.

DMH Interiors has a head office based in Weston Super Mare, but with continued growth and unrivalled excellence within the construction Industry our client base has significantly expanded, and we are now securing projects in all geographical areas within the UK. We work in a variety of sectors including: Education, Healthcare, Commercial and Retail & Leisure.  Working closely with clients and end users at every stage of the project ensures that the highest standard of work is achieved within budget whilst meeting all deadlines.

We recognise that we have a legal and moral responsibility to manage our activities in such a way so as to help reduce wherever possible any detrimental impact on the environment. We are committed to conducting business whilst protecting the health of the environment and employees. To achieve this DMH have adopted a philosophy of maximum compliance at all levels throughout the business to ensure that the impact of pollution and environmental disruption is reduced as much as possible.

We provide a comprehensive service from start to finish, building and nurturing relationships with our clients that last. This is why we have been successful in winning repeat business. We offer a professional and consistent service regardless of location. We are currently seeking funds for working capital and expansion.

Covid resilience:
The general findings of surveys show that the majority of construction related businesses have been hit hard by COVID-19. DMH Interiors Ltd has moved through challenges presented and is proving good resilience.

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 homeowners, 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. In 2021, staff costs were £36,461, depreciation and other amounts written off assets were £9,412 and other charges were £3,343,336. In 2020, staff costs were £13,867, depreciation and other amounts written off assets were £218 and other charges were £1,532,595. The admin expenses in the financial table below includes staff costs, depreciation and other amounts written off assets, and other charges. The Equifax score and grade, on which we base our assessment of risk, are based on the 2021 accounts. We have performed our assessment on recent financial information, including 2022 management accounts, which were not available to Equifax. As of March 2022, the management accounts show that the year to date net income was £138,528 and net equity was £291,952. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 160k
Raised
£ 10k
Investors
49
Est close date
13d 4h

Where will the funds go?

Expansion
£79,787
Working Capital
£79,787

Key people

DH
Darren Hancock
Director

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Business brand

Weston-Super-Mare, UK

"Providing an excellent, environmentally friendly interior construction service."

Incorporated
6 years, 11 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.