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
£

A family owned business with headquarters in Upminster, Essex. Environtech M&E is fast becoming London’s most respected integrated mechanical, electrical and plumbing service provider for high rise residential and commercial developments. Funds raised will go towards working capital and expansion.

Our mission is to be a leading mechanical, electrical and plumbing services contractor, whilst committing to giving back to our community.

ENVIRONTECH M&E SERVICES LTD. specialises in design, fit-out, test and maintain building systems, delivering decarbonised environments for a range of client projects including data centres, commercial & retail developments, local authority affordable housing schemes and high-rise residential refurbishments. Some of our specialities include: mechanical contractors, electrical contractors, fixed wire installations, fixed wire testing, electrical installations, advanced smoke alarm installations, heating system installations, electrical designs, boiler installations, and boiler replacements.

As a family owned business, with now around 50 employees, we are fast growing into a leading service provider in this sector. We see every project as an opportunity to demonstrate the range of our integrated capabilities and innovate through expert mechanical and electrical know-how. We pride ourselves on creating not only a successful business but also one that gives back to the community. With 3000 plus kitchen and bathroom rewires and 50 plus miles of cable, our continual growth has enabled us to donate £11000 to charity.

Our purpose is to provide seamless integration & cost efficiency in everything that we do. At Environtech, we have built a reputation as one of the most innovative mechanical, electrical and plumbing contractors in London and the South East. We believe innovation and trust are essential in the delivery of a truly great project. That is why openness, transparency and responsibility are the cornerstones of our client relationships and how we can provide an unrivalled level of service from initial consultation, to snag free finish. Our 3 year plan is to continue to grow, money raised will go towards expansion and working capital, allowing us to facilitate the volume of work available without any cash flow strain.

Credit commentary:
The director’s father is providing a personal guarantee, this means that if the business fails the director becomes personally liable for the loan. The director’s father 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 director. The bank statements demonstrate limited affordability due to recent loans, however, the business is currently expanding. The business has had an increase in turnover and net profit from 2020 to 2021. In the 2021 accounts, turnover was £5,863,469 and other operating income was £176,639. The 2021 turnover in the financial table below includes the addition of other operating income.

COVID-resilience:
The reason for the loan is as follows, the business has been extremely busy however payment from customers on a valuation basis has meant that some invoices paid are lower value than expected. This has therefore caused a knock on effect on payment to the businesses suppliers (credit limits reduced since COVID) who are paid every 30 days.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 106k
Raised
£ 107k
Investors
203
Est close date
Funded 6 months ago in 6 days

Where will the funds go?

Expansion
£53,191
Working Capital
£53,192

Key people

Jamie Orr
Director

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Business brand

Billericay, UK

"Our mission is to be a leading mechanical, electrical and plumbing services contractor, whilst committing to giving back to our community."

Incorporated
10 years, 0 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.