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Capital at risk
Capital at risk
Director guaranteed
You make
Minimum investment is £100
Total return
Monthly repayments

No-Fli is one of the leading global producers of fly-control products. Their flagship product is their eponymous No-Fly system, available in both standard and large sizes. They are committed to ensuring that commercial environments, primarily culinary environments, are kept clear of flying insects and untainted by the traditional fly zapper. Their running costs and power draw are low, emphasising their commitment to being environmentally friendly, hygienic, and cost-effect.

“Zap Zappers.” There’s no place for unhygienic, imported zappers in the hospitality sector anymore.

No-Fli have been involved in the manufacturing and sales of ultra violet fly control units for over 30 years. Working for some of the largest manufacturers in the world we have extensive knowledge of the wholesale and pest control industries. Our business is focused on a subscription model, wherein we provide the No-Fli unit or units to a business, and they then pay a subscription that covers the maintenance and upkeep on their unit or units. We have over 3500 active subscriptions from many businesses. They are mostly centred around Yorkshire and the North, though there are some franchise chains operating in the Uk that have signed up including Costa, Subway, and Dunkin’ Donuts. These numbers continued to trend upwards even during the Covid-19 pandemic.

We manufacture all of our No-Fli units in Harrowgate, in North Yorkshire. These units are built to be relatively aesthetically pleasing but also unobtrusive, so that they do not interfere with the look of the environment that they are placed in. Their design was also focused on ease of service, allowing our clients to keep using our product and services. We both manufacture and supply the units, ensuring there are no middle-men artificially inflating the price of our services. We pride ourselves on being a cost-effective and economical business, especially in the face of the current cost-of-living crisis.

Our main focus ultimately is on hygiene. We understand that traditional imported bug zappers are extremely unhygienic, and are known to cause contamination within a not unremarkable radius around the device. We want to make sure that the hospitality sector is as hygienic as possible, and able to thrive under the freshly hygiene-conscious world that has developed post-Covid. Our products are based on Ultraviolet light and glue boards, both of which are easy to maintain. As we have mentioned, we provide the maintenance ourselves for a small monthly fee. This guarantees revenue, and encourages long-term relationships with clients.

Credit Commentary:
The directors Christopher Lee and Neil Styri are providing a personal guarantee, which means should the business fail and have insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay any shortfall on repayment. There have been no CCJs for the business or director. The Equifax score and grade, on which we base our assessment of risk, are based on the 2022 accounts. The 2023 management accounts reflect a decent growth in the company's pre-tax profit by £20,000, underscoring its robust stability. Our assessment indicates a debt-serving capacity above 2, affirming the company's ability to manage the loan. The EBITDA was modest at c. £50k, however, we have calculated a positive net gearing which would make the loan affordable. The bank statements demonstrate reasonable affordability, and the accounts remain well in credit.

Inflation Risk:
The business advised they have gone through high inflation in recent times without increasing their prices. Although their cost prices have gone up, they have managed to keep the sale price the same. The director does not expect to draw money from the business as the company is compromised to keep providing its high-quality products.


Business keeps the raised amount even if target is not met.
Loan - product type
£ 54k
£ 55k
Est close date
Funded 4 months ago in 2 days

Where will the funds go?

Loan consolidation
Working capital

Key people

Christopher David Lee
Neil Andrew Styrin

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Business brand

Harrogate, UK

"“Zap Zappers.” There’s no place for unhygienic, imported zappers in the hospitality sector anymore."

7 years, 6 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.