MDA CONTRACTS LTD
MDA Contracts Ltd is a flooring contracting company owned by Glenn Alexander. With over two decades of experience in the industry, Glen brings a global wealth of knowledge to MDA Contracts having worked with UK, Chinese, US and Australian markets. He is looking for funds for project fulfillment and expansion.
International flooring solutions company working on both commercial and residential projects
Alongside my passion for the industry, having a new young family is what continues to fuel my drive and mission to make MDA contracts the flooring contractors of choice. I place a lot of emphasis on building and maintaining relationships, which is what I believe has contributed to the growth and continued success of MDA contracts.
Our global reputation is growing, recently managing and overseeing the installation of £2m plus worth of business across 15 states over 5 months. With our wealth of knowledge and expertise, I’ve helped develop products making us the go to flooring solutions provider. We are currently seeking funds for project expansion and project fulfilment.
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 2022, admin costs were £464,201 and other operating income was £28,731. In 2021, admin costs were £203,125 and other operating income was £47,975. The admin expenses in the financial table below includes other operating income. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.
The general findings of surveys show that the majority of construction related businesses have been hit hard by COVID-19. MDA Contracts Ltd has moved through challenges presented and is proving good resilience.
Where will the funds go?
"International flooring solutions company working on both commercial and residential projects"