loanLoan
Capital at risk
36
Months
12.5%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

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.

We are a company that has been running for over 25 years in Edgware. Offering up to 50% cheaper deals than main dealers, we provide exceptional services for our customers. Our company is rated 4.9 on Trustpilot and we owe this all to putting our customers first, catering to all their needs. We also have a great team of experts that provide top-notch services and repairs.

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.

COVID-Resilience:
The vehicle servicing sector has not been affected by COVID as it is considered an essential service, only if the service is regarding safety.

https://www.vanarama.com/latest-news/lockdown-2021-restrictions-what-to-do-if-your-vehicle-needs-a-service.html

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.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 100k
Raised
£ 46k
Investors
141
Est close date
11d 21h

Where will the funds go?

Equipment and store front revamp
£35,000
Marketing
£10,000
Recruit more staff
£25,000
Working captial
£30,000

Key people

Nimesh Ramesh Patel
Director

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Business brand

Edgware, UK

"Putting your mind at ease with quality and comprehensive services."

Incorporated
3 years, 0 months

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.