loanLoan
Capital at risk
24
Months
15.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

With more than 35 years of experience, MMS Contracts have dedicated themselves to excellence in construction and refurbishment and have built strong relationships with numerous high-profile companies such as Ardmore, Corely and Woolley, GENCO, and ICS. They specialise in commercial and residential fits, plant rooms and four-pipe FCU (Foil Coil Units). They have even provided full fit apartments for Churchill’s Old War Office whereby they built a 5-star hotel with 85 apartments within 760,000sq ft. The business is growing and so are the demands so they are now raising funds for stock purchase and staff costs.

Providing cost-effective solutions for all of your refurbishment needs.

With more than 35 years of experience between us, we are a family-run business passionate about providing refurbishment services for clients from an array of sectors. We are dedicated to excellence and care about ensuring the quality of each project from start to finish. Specialising in commercial and residential fit outs, plant rooms and four-pipe FCU, our services are holistic and cost-effective.

No matter the size of the project, we complete each project to the highest of standards and take care of each of our client’s needs and ensure that they are pleased with our services end-to-end.

We have worked with some renowned clients such as Ardmore, BW, Corely and Woolley, GENCO, and ICS.

One of our most proudest achievements was working in a Grade II listed building, filled with a rich and unique history, we managed to develop a world-class 5-star hotel with 85 apartments in Winston Churchill's Old War Office within 760,000 sq ft. Our work also included developing a six-story basement and the construction of a three-storey roof extension. We were also able to take on the M&E package which involved all of the plumbing and heating systems on the prestigious project in February 2020. We helped create premium apartments and helped with parts of the construction of the basement, the spa and the commercial kitchen.

Our services range from commercial and residential fits, where we specialise in office fit outs and large residential property developments. We include general plumbing and heating services. With Plant Rooms, we either replace existing plant room parts for a more cost-effective solution or if our clients would like, we can provide a full installation. Finally with our four-pipe FCU service, where we provide a four-pipe FCU, another cost-effective system from chilled water and heated water pumping perspective. These units are installed and we run the necessary pipework throughout the building.

Our business is continuing to grow and so we are now raising funds for stock purchase and staff costs.

COVID-Resilience:
The business has not been affected by COVID. The construction industry has recovered 2.5% last year after the lockdowns, and GlobalData reports that the industry is expected to recover a further 5.2% by the end of this year.

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Credit Comment
The financial accounts show a £2.2m turnover with modest EBITDA of £28k as at Sep 20. These are amended accounts filed by the business. Management accounts show similar growth over last year. The bank statements show a good proportion of credits coming from their Ardmore contract. 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 directors.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 53k
Raised
£ 46k
Investors
162
Est close date
Funded 12 days ago in 29 days

Where will the funds go?

Stock
£26,595
Staff Costs
£26,596

Key people

MS
Malgorzata Stefaniuk
Director

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Business brand

Romford, UK

"Providing cost-effective solutions for all of your refurbishment needs."

Incorporated
3 years, 2 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.