LEA VALLEY MOTOR COMPANY (CHINGFORD) LIMITED
Established in 1985, Lea Valley Motor Company (Chingford) Ltd are a used car retailer that takes extra steps to make sure that every vehicle sold is in excellent condition, and pair drivers with their dream car. With the money raised, they are looking to refinance existing debt while obtaining working capital to continue the growth of their business.
Quality is our guarantee.
Our warranty and finance plans are just two of the many extra steps that we take in our process that has led to us building a stellar reputation in our sector and with our customers. Any vehicles sold from our retailer undergoes a rigorous 82 point preparation checklist that covers a vehicle's history, its interior and exterior, and its tyres down to convenience such as spare keys and remote fobs. It is because of the care and effort that we put into our vehicles that we are a trusted RAC Approved Dealer.
With plenty of experience in the sector, we have grown continuously year-on-year and need funds to help us to carry on along the same trajectory. We will use the funds to not only help the business expand but refinance some of the existing debt that we have in the business to free up more capital that can be used to focus on finding drivers the perfect solution to their needs.
Where will the funds go?
A. Hello Joan
The interest rate is 3.2% per month and there is no penalty for early settlement. Regards Vincent.
A. Good evening Joan
Sorry for the delay in responding to your question. The interest rate is too high and the loan has to be repaid over 12 months @ £10k per month. Regards.
A. We basically don't like to keep all our eggs in one basket.
A. We took a £100k loan with Iwoca just over a month ago over 12 months which we want to pay off.
A. Sorry we don't have management figures but we are on target for turnover of £6 million.
A. Sorry we don't have management figures but turnover is on target for £6 million.
A. We were also running a car rental business up until last march which ran into difficulties because of a huge increase in insurance premiums. Also our insurance company Enterprise went bust half way through the year which meant we had reinsure our rental fleet. We have now closed the rental business and can now concentrate on what we do best which is car sales.
A. Over the past 2 years we have moved more upmarket and really concentrated on presentation. We have recently become a RAC approved dealer which we expect to help us grow further. We are certainly not expecting demand to recede. Please check our website www.leavalleymotorcompany.co.uk Regards Vincent Burkwood
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"Quality is our guarantee."
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