INSUL-EIGHT CONTRACTS LIMITED
Insul-Eight are a company who have spent over a decade establishing a loyal customer base through provision of a consistently high standard of service. We are looking to raise money to help us further expand through increasing our marketing presence, purchasing equipment, and hiring staff.
Building great things.
Using the most up-to-date equipment available, we can perform a complete asbestos removal from any site and be involved every step of the way throughout a fast, efficient process. This includes carrying out an initial survey of the site, and we also offer remedial measures (i.e. encapsulation) in the cases where the removal of asbestos is not necessary, to leave materials containing asbestos in a safe and manageable condition for our clients.
Our experience also extends to thermal insulation and electric trace heating. For each project that we are involved in, we strive to deliver insulation services that are to the highest standards of safety, value, and service in all of the areas that we specialise in including heating and ventilation, fire-protection, and acoustic insulation. We commit ourselves to providing a turnkey package of services through offer our clients the design, supply, and installation of electric trace heating by fully trained engineers.
From this round of funding we want to increase our team size along with our marketing presence to further build on the excellent reputation that we have among our loyal customer base.
A. our assets comprise of debtors and working capital. 90% pay in 60 days and 10% in 90 days. but with 22 operatives a lot of cash, especially when we are busy is tied up in wages, so as we get busier we pay more wages per week and don't get it back until we are paid 60 days from month end. This is the normal problem in the construction industry so cash is needed upfront to finance any expansion.
A. these assets are not liquid cash we can lay our hands on, they are debtors and working capital.
A. You need to look at insul-eight contracts, not insul-eight. the new company, six years old has grown steadily in both turnover and profit. we do less than the old company as we wish to be less exposed to clients we don't know, less risk.
A. We do not work for the public, all our work is commercial.
A. Turnover up 15%, profits up 22%
A. This month is our year end and we have 35% of next years turnover booked, with another 20% being negotiated now.
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