NDT EQUIPMENT SUPPLIES LTD

NDT EQUIPMENT SUPPLIES

Team of experts offering high-quality inspection and test equipment for wide range of industries.

Loan

Capital at risk

Months

10.0%

apr^*

Successful

Capital at risk

Amount

You make

Successful

Minimum investment is £100

Total return

Monthly repayments

Our APR explained

NDT Equipment Supplies are a group of experts in the field of testing and inspection technology. Using their knowledge to help manufacture high-quality equipment for clients from a wide variety of industries, their products include radiographs and ultrasound equipment to allow a view of the internal structure of an object. The funds raised will facilitate their expansion through recruitment and purchase of new equipment

Tell me more

Europe's largest manufacturer of ultrasound equipment.

Since 1990 we have continuously grown as a business and built a reputation based on trust, expertise, and a broad catalogue of unique, specialist equipment. We supply equipment to clients, both in the UK and overseas, from a broad spectrum of sectors including manufacturing, process plant and service industries.

It is through our unique equipment paired with outstanding service, that we have stood out among our competitors to become the largest manufacturer in Europe of ultrasonic standard and special blocks and test pieces. In the modern age, our clients are making progress with each passing day in reducing the impact that their day-to-day processes have on the environment. We also strive to manufacture equipment that is environmentally friendly as possible, aiming to minimise waste through reduction of unnecessary consumption; purchasing and using recycled products and packaging for our own use; and re-using of packaging received.

We have traded for nearly two decades (10 years as a limited company) and have only been able to reach the heights that we have through a constant ambition to expand and provide exceptional service and premium equipment. There's no intention to slow down in this respect, and we are always releasing brand new products for our clients. With the funds through this campaign we are aiming to hire even more experts and purchase new equipment.

Business keeps the raised amount even if target is not met.

Tranche (1 of 2)

£ 319k

Raised

£ 109k

Investors

375

Estimated close date

Funded 3 days ago in 30 days

Where will the funds go?

Expansion capital

£300,000

Working capital

£19,200

Key people

Richard Preston

Director

Peter Dodd

Director

Q. May I ask your current revenue streams expressed as a percentage to total revenue – UK only, and EU excluding UK ? Many thanks.

Q. When will you file your June accounts and avoid another strike off, what’s the expected turnover/pbt for June 2018?

Q. Thank you for the wording of the exceptional de-merger credit, so we are looking at 128k operating profit for ‘17 - these accounts are 4 1/2 months late, when will your accountant finalise them? what was turnover/profit before tax currently for June 2018

Q. My apologies, it is NDT Equipment Services with the appalling accountant - could you provide current Dec18 forecast for turnover/profit before tax for the Supplies co, thanks!

A. Hi Matthew, can I just confirm you are looking at NDT Equipment Supplies Ltd as we have no link to any other company other than our holding company Go 2 Engineering Group Ltd and all of our accounts are up to date. There have been no warnings of being struck off etc for any of the businesses we are involved with to our knowledge. I'm out of the country at the moment, in relation to Dec 18 I've spoken with my business partner and he will get back to you today.

Q. Please off VPN and Clear it up for you and the.

A. Hi Caitlin, I'm not totally clear on what the issue here is, if you would be able to expand I'll do my best to provide an answer

Q. The accounting period for 2016 was twice adjusted by one day to delay submission - that alongside likely further Gazette strike offs for late accounts and confirmation statement mean this is not an investment opportunity that I can take seriously.

A. Hi Matthew, again - 2016 is well before we were involved with the business so I can't comment on the specific situation that would have lead to these events. I appreciate the time you have spent looking over the opportunity, sorry you don't feel it's for you.

Q. To reiterate the question - dividends are normally paid below the line and taken from retained profits, whilst this is being presented as a refund to the business substantially improving profits I’ll not be investing in something I do not understand.

A. Hi Matthew - I can only tell you what the businesses accountant told us, which is within the answer I've already given. Beyond this, we are talking about a time when we were not involved with the business in any way.

Q. Your explanation for the negative interest does not make sense. If it is a dividend payment then you should show it as such. However a dividend payment would mean a reduction and be a cost rather than appearing to be income. Please clarify.

A. Hi Sharon, This is the response word for word in the email response from our accountant regarding this matter:

"this was a one off dividend receivable from the subsidiary company (now struck off) which has hived up its assets following a demerger of a connected company … Strictly this should be noted as a one off exceptional item"

Q. This looks a good business opportunity to support, waiting to hear more about the accounts and the net interest figure.

A. Hi Chris, I've now answered the question regarding the net interest figure. The sum was a one off dividend payment the previous owners took well before our involvement with the business. It is purely a one off. Hopefully this (and the answer to the original Q) will give you what you need, feel free to ask anything further.

Q. Does NDT trade with Go2? Will it? Does Go2 provide any goods or services that NDT currently purchases from other sources?

A. Hi Elliot, hopefully the answer to the previous question covers this. Go2 doesn't trade, and won't be.

Q. if you have been acquired by Go2, how can you guarantee that there will be no "leakage" of your funds back to them ?

A. Being Director of both business along with my business partner we assure all that Go 2 is a none trading company. Our only focus and use for money raised here is be put toward projects/programmes/improvements to develop NDT

Q. Are you considering/negotiating/agreed to take over the other NDT businesses?

A. We are not looking to at the moment to take over another NDT business. Our expansion plan over the longer term does include growth by acquisition as well as organically - which the money raised here will support. The acquisition plan will aim to grow the overall capability of our organisation in different sectors to then at a point in the future, cross sell the capability in a turn key capacity while each individual business is able to support itself in its core market.

Q. hi- am i lending to NDT or Go 2 Engineering as same directors

A. All monies raised will remain within NDT for the specifics of developing the organisation to set it up for sustained growth, this includes but is not limited to new managerial, engineering and apprenticeship roles along with the training they need. Training for current staff to set them up for our future. Investment in the machinery on site (new and modernisation of current), and development of a sales and marketing role (along with marketing material) aimed at growth in to new markets/sectors.

Q. from companies house it looks like in the last couple of months you have been taken over by Go 2 Engineering and new directors.Is this the case? thanks

A. Yes, you are right Michael, we are new to NDT as a business, however that said, we have 23 years between us in Engineering and Manufacturing and we have retained, under contract, the businesses previous director who founded it all those years ago. We have also kept all the staff and customers and see the money we raise here being key to a step change in the operations of the business making use of what we bring and our network in the sector.

Q. What is 2018 looking like?

A. 2018 is looking positive within the core market the business operates in. The business is well known and trusted with it's customers. We are exploring both taking on more work from our existing clients and what we can do with new customers.

Q. Don't quite understand your P&L. You got -£262.5K net interest payable which means that you earned that rather than paid that. Can you explain please. If that is the case, why do you need this loan?

A. Hi Deborah, sorry for the delay in answering this question. Essentially the monies you are referring to here was a one off dividend payment to the previous shareholders as a result of a demerger. As new owners of the business we have not made any use of these funds, hence we would like to raise capital to fund the plans we have. That the two sums are roundly the same is purely coincidence rather than design. Hopefully this gives you what you need, and we look forward to any further questions