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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
£

Since 2012, Mark J. Stewart has been trading under the Bank of Telecom ® brand. IMC has seen more than 60% annual growth over the past few years. They reduce international call fees for businesses and offer a host of value added services to improve business communications. Funds raised will go towards expansion and working capital.

To become the de facto marketplace for International telecom trade

IMC provides an innovative platform that reduces international call fees for businesses. We give companies cost-effective business communication solutions by offering a host of value-adding services, a rich portfolio of voice, SMS, data and international settlement services to the global carrier community, giving our clients peace of mind and often improving cash flows.

We’re multi-award winning for our international settlement service, BoTCoin® Market, commercially launched in 2019. We’ve also been awarded ‘Best Innovative Value-Added Service Provider’ for our Bank of Telecom® service, which delivers a whole host of services to help carriers make the most out of every minute and SMS. Our services are multilingual with expert account managers that help with deal negotiations across the globe. What makes the company unique is the staff and their commitment to delivering innovative solutions that make a difference to the telco industry. It’s no surprise that we see an average of 30 new Members joining Bank of Telecom every month.

Based in Chelmsford, with a 3-year CAGR growth of 125.5% and 60% annual growth rate over the past few years. IMC carries over billions of international minutes each year. We have 100% owned subsidiary IMC Chile SpA that is developing the group Latin America business. The capacity for growth is exponential, with funds raised we plan to continue to grow and innovate new services that will transform business communication.

Credit Commentary:
The directors are providing a personal guarantee, this means that if the business fails the directors become personally liable for the loan. The directors are homeowners, 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. The bank statements demonstrate reasonable affordability and the accounts remain well in credit. The business has had an increase in profits from 2020 to 2021.

COVID-Resilience:
The COVID-19 pandemic—perhaps more than any other event in human history— has demonstrated the critical importance that telecommunications infrastructure plays in keeping businesses, governments, and societies connected and running. Because of the economic and social disruption caused by the pandemic, people across the globe rely on technology for information, for social distancing, and working from home. As a result we have seen growth through the pandemic.

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Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (1 of 1)
£ 202k
Raised
£ 74k
Investors
214
Est close date
Funded 3 years ago in 29 days

Where will the funds go?

Expansion
£101,000
Working Capital
£101,000

Key people

Mark Julian Stewart
Director

Business brand

Chelmsford, UK

"To become the de facto marketplace for International telecom trade"

Incorporated
13 years, 1 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.