MDA CONTRACTS LTD
MDA Contracts Ltd, owned by Glenn Alexander, is an esteemed flooring contracting company. With a wealth of industry experience spanning more than twenty years, Glenn's expertise extends across various markets including the UK, China, the US, and Australia. They are a returning Crowd2Fund client with perfect repayment history.
International flooring solutions company working on both commercial and residential projects
In addition to my passion for this industry, the presence of my young family serves as a constant source of motivation, propelling me to make MDA Contracts a leading choice for flooring contracting services. I place immense importance on cultivating and nurturing relationships, as I firmly believe that this has been a pivotal factor in the ongoing growth and success of MDA Contracts.
As our global presence continues to expand, we have successfully overseen and managed the installation of business projects exceeding £2 million across 15 states within a span of 5 months. Leveraging our extensive knowledge and expertise, we have played a key role in the development of cutting-edge flooring products, positioning us as the preferred provider of flooring solutions. At present, we are actively seeking funding to support both project expansion and the fulfilment of ongoing ventures.
- 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 that there are sufficient assets should the loan need to be recovered. This is a credit policy exception as the debt-serving capacity is below credit policy requirements. There is sufficient equity to cover the proposed loan and a review of the accounts shows profitability. The securing of future contracts indicates significant cash flow. We have performed our assessment on recent financial information. Turnover is £2,272,860 and profit is £131,025.
As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases.
"International flooring solutions company working on both commercial and residential projects"