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loanLoan
Capital at risk
36
Months
17.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

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

Through my extensive experience and deep understanding of this industry, I have successfully cultivated a vast network and established relationships with numerous loyal clients. Throughout my career, I have personally taken charge of estimating, managing, organizing, and delivering a wide range of commercial and residential projects across the UK, spanning from £10,000 to as high as £1.5/2 million. At all times, we prioritize treating each project with unwavering enthusiasm and utmost respect, regardless of its scale or budgetary considerations.

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.

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 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.

Inflation Commentary
As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 109k
Raised
£ 109k
Investors
218
Est close date
Funded 11 months ago in 7 days

Where will the funds go?

Working Capital
£108,695

Key people

Glenn Alexander
Director
Karl Small
Director

Business brand

Epping, UK

"International flooring solutions company working on both commercial and residential projects"

Incorporated
6 years, 5 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.