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
£

JVS (UK) Ltd are one of the largest UK Manufacturers of high pressure jet wash hose assemblies, with over 35 Years Combined knowledge and expertise in the hose manufacturing industry. They are currently seeking funds for expansion.

Providing state of the art high pressure jetwash hose assemblies

We are a leading UK Manufacturer of high pressure jetwash hose assemblies. All our manufacturing machinery is state of the art, which includes automatic measuring and cutting machines that ensure all assemblies are measured to the exact (mm). We also have auto coilers and high tech crimping machines over 3 production lines.

Providing our growing client list with a high-quality service whilst giving them a one-stop hose solution space is a top priority. We stock a large range of hose types and colour ranges and have the very latest and up to date hose end fittings for all major machine manufacturers. We also manufacture cold water pressure washers to customer specification and import a large range of pressure washer spare parts.

Our history and expertise in the sector has resulted in the growth of the company. We are committed to providing a service which gives our clients peace of mind by offering expert advice and cutting edge assemblies. During this phase of expansion, we are seeking funds for stock and working capital.

Credit commentary:
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 director. In 2021, admin costs were £173,443 and other operating income was £58,127. The admin expenses in the 2021 financial table below includes other operating income. The Equifax score and grade, on which we base our assessment of risk, are based on the 2021 accounts. We have performed our assessment on recent financial information, including recent management accounts, which were not available to Equifax. As of Dec 2021, the management accounts show that the profit before taxation was £125,883 and net equity was £280,855. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

Covid Resilience:
Like many businesses, the pandemic created obstacles for JVS (UK) Ltd. However, these challenges were overcome and the company proved good resilience.

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Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (1 of 2)
£ 85k
Raised
£ 25k
Investors
83
Est close date
Funded 1 month ago in 29 days

Where will the funds go?

Stock
£42,553
Working Capital
£42,553

Key people

SS
Steven Salkeld
Director

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Business brand

Mexborough, UK

"Providing state of the art high pressure jetwash hose assemblies"

Incorporated
8 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.