loanLoan
Capital at risk
36
Months
14.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

One of the UK’s leading sheepskin suppliers, Domestic Sheepskin UK, provides 100% ethically sourced premium British Sheepskin to their clients. They have been in the industry for over 20 years and have a wealth of knowledge in a multitude of areas from anything related to the selection to the treatment of hides and skins. They even manufacture a range of goods from luxurious pieces of clothing from jackets, accessories such as bags, as well as slippers, shoes, cushions and rugs. They are now raising funds to purchase more stock.

Supplying 100% ethically sourced premium British sheepskin.

Having been in the Sheepskin industry since 2001, we have developed a plethora of knowledge and experience in the industry and have built a state-of-the-art Tannery located in Turkey. From the raw materials to the finished goods, we ensure that the standards are kept high, as we are deeply passionate about quality, as well as ethicality. We specialise in Double Face and Nappa production with 100% British Sheepskins.

We are also a luxury white label good’s manufacturer and take pride in the fact that we specialise in 100% British Sheepskin fashion goods. We provide a wide range of goods from fashion goods such as our jackets, bags, slippers, shoes and wallets to name but a few, as well as soft furnishing items like cushions and rugs.

We take pride in the fact that all of our products are ethically sourced and we only work with local providers that are certified approved abattoirs. Whatsmore is that our product can only move between Department of Agriculture approved plants once they are 100% approved and confirmed. Regulations are strict and complex, so we can guarantee the best regarding sourcing for our customers. We are also well aware of the origins of our products and our suppliers, Linden foods, ABP Food group and Foyle Meats.

For the reason that our local abattoirs are only ABP Food group, Foyle Meats and Linden this gives us a guarantee that all skins sourced are 100% British.

Due to the nature of the business, we were able to continue during COVID and strictly adhered to government guidelines. We maintained social distancing and where possible, our office staff worked remotely. For any reason they needed to be in office it was for a limited time and we ensured that social distancing was maintained continuously.

COVID-Resilience:
The business has not been impacted by COVID.

Credit Comment:
The financial accounts show a modest position with an EBITDA of £287k as of Sep 20. The bank statements show loan is affordable as the business is growing year on year. 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 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
£ 85k
Raised
£ 92k
Investors
153
Est close date
Funded 7 months ago in 5 days

Where will the funds go?

Stock
£85,106

Key people

YC
Yalcin Cubuk
Director

Got a question for the business?

For more information on the business, please login and ask them a question directly.Sign in to Ask

Business brand

Craigavon, UK

"Supplying 100% ethically sourced premium British sheepskin."

Incorporated
21 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.