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loanLoan
Capital at risk
24
Months
15.5%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Focusing First on People is a training and education provider that provides a diverse portfolio of courses across professional sectors. Their director has been in the role for nearly a decade, and the business itself has been in operation since 2006. FFOP focuses on flexible training programs built to suit the needs of each of its clients. They have a number of accreditation partners including Ofsted, GMCA, and Pearson Vue.

Changing people's lives through education and training

Welcome to FFOP, your trusted partner in lifelong learning and professional development. At FFOP, we are committed to delivering high-quality education and training solutions that empower individuals and organisations to thrive in today's dynamic world. Established in 2006 we have instilled ourselves in the local community offering high quality education for local communities.

At Focusing First on People, our vision is to create workplaces where every individual feels valued, empowered, and equipped to succeed. Our mission is to deliver high-quality, personalised training and development programs that foster professional growth, enhance skills, and build stronger, more resilient teams. What sets FFOP apart is our unique approach that prioritises the individual. We believe in personalised education that considers each learner's strengths, interests, and aspirations. Our experienced educators and mentors are passionate about fostering growth and unlocking the full potential of every student. At FFOP, we are dedicated to providing high-quality education to adults looking to advance their careers or personal lives. We believe that education is the key to success, and we are committed to helping our students reach their full potential.

In today's fast-paced business environment, organisations face numerous challenges, including high employee turnover, skill gaps, and low engagement. Many training programs on the market are generic and fail to address the unique needs of individual employees and organisations. This leads to wasted resources and missed opportunities for growth and development. We offer a wide variety of programmes to meet the diverse needs of our students, including career training, personal enrichment courses, and professional development workshops. Our programmes are designed to be flexible and affordable, making it easy for anyone to achieve their educational goals.

Credit Commentary:
The director Abdi Yusufis is providing a personal guarantee, which means should the business fail and have insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay any shortfall on repayment. There have been no CCJs for the business or director. The Equifax score and grade, which we use to assess risk, are based on the 2023 accounts.The financial statements, which have been prepared by a reputable accounting firm, confirm the accuracy of the reported figures. The company’s total EBITDA is £54K for both 2023 and 2024, which is sufficient to cover the requested amount. Although turnover decreased by 20% between 2022 and 2023, the 2023 turnover remains substantial at approximately £767K. Tangible Net Worth increased from 2022 to 2023, reaching £43K, providing a solid asset base for securing borrowing facilities. The company has an overdraft facility of £29K. Since the bank statements show no registered debt, the Debt Service Coverage ratio could not be calculated. The director, who owns a home, has sufficient equity of £237k to cover the loan. Recent bank statements indicate consistent and positive cash flow, with average April balances in the six-figure range.

Inflation:
The business has stated that it has not been impacted by inflation and has guaranteed government contracts. There is also a section for private training programs, with students paying upon registration. The business also developed online programs during COVID-19, demonstrating its ability to adapt to external forces. Additionally, a business continuity policy is in place.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 50k
Raised
£ 41k
Investors
122
Est close date
14d 20h

Where will the funds go?

Expansion
£50,000

Key people

Abdi Jama Yusuf
Director

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Business brand

Manchester, UK

"Changing people's lives through education and training"

Incorporated
18 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.