DN AUTOCARE LTD
Established for over 25 years, DN Autocare is an AA approved independent car servicing company specialising in MOT, service, and vehicle repairs for all makes and models. Located in Edgware, they are easily accessible to not only locals in Edgware, but Colindale, Mill Hill, Hendon, Burnt Oak, Kingsbury, Queensbury, Cannon’s Park and Stanmore. They are steadily growing and continuing to expand. They will be using the funds raised for this campaign for equipment, marketing and hiring more staff.
Putting your mind at ease with quality and comprehensive services.
DN Autocare is approved by the AA, The Retail Motor Industry (RMI), Independent Garage Association (IGA) and Trust My Garage to ensure that all our clients know they have chosen a genuine and reputable garage to repair or service.
Our garage is just 2 minutes away from Edgware Station and we are in easy access for those in Colindale, Mill Hill, Hendon, Burnt Oak, Kingsbury, Queensbury, Cannon’s Park and Stanmore. For those who can’t make it to us, we offer a free local pickup and delivery service.
The services we provide are comprehensive. These include servicing, MOT, wheel alignment, fixing exhausts, gearbox, timing belt, air conditioning, batteries, clutch, brakes, tyres and anything else in our car Bodyshop. We take care of our customers and even offer them a free 1 year/12,000 miles parts and labour guarantee. Same day services are also available for our Edgware clients. To put our clients at ease, we even give a 0% finance option if a service or repair costs more than they have budgeted for.
What’s great about our company is that, unlike many other independent garages, we update the digital history with the main dealer for our clients, allowing them to keep a full-service history and protect any warranties in place.
As an essential service, we have not been affected by the pandemic, and our business has been growing steadily with 66% growth annually.
This has been an incredible journey for us and we are so proud of our growth and hope that you can support and join us. As we continue to expand, we will be using the funds raised for this campaign for equipment, marketing and hiring more staff.
The vehicle servicing sector has not been affected by COVID as it is considered an essential service, only if the service is regarding safety.
Credit Risk Comments:
This is an established growing business with improved profitability, EBITDA and no borrowing on the balance sheet. Gross margin has increased from 42% to 47%. The accounts do not appear to have been prepared by an accountant however the bank statements demonstrate good cash generation. The director is providing a personal guarantee, this means that if the business fails the directors become personally liable for the loan. The directors 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 directors.
Where will the funds go?
"Putting your mind at ease with quality and comprehensive services."