ONYX MANAGEMENT GROUP LIMITED
Operating for over 20 years, Onyx Management Group Ltd has been committed to helping people to intelligently plan their property portfolio and management of assets. Offering a range of solutions for individuals, Onyx aims to be the best in the assets management industry - with top-tier financing professionals and strong networks within the industry. They are now raising funds to further expand, with the money raised going towards website development, marketing, and recruitment.
Focusing on long term solutions with a personalised touch.
We offer a range of completely bespoke services to each one of our clients - not only providing the best solutions in the short term but also in the long term to ensure maximum financial security and long term prosperity for our clients.
As our company continues to grow in line with the demand for our services, the funds we will be raising through Crowd2Fund will be deployed into website development, marketing, and recruitment.
We are incredibly proud of how our team has responded to the impacts of COVID-19 - managing the unprecedented changes with grace and pragmatism, delivering excellent advice to our clients. This serves as further testimony to our level of adaptability company-wide. You can access our OMG Real Estate portfolio here: https://bit.ly/3yKETaa
Despite the pandemic, the AUM (Assets under management) industry grew by 3.6% and is projected to grow by 7.1% this year.
Credit Risk Comment:
The business is showing increasing working capital and a good current ratio. The bank statements show a positive balance and demonstrate affordability to support the loan. The business experienced an administrative error on Companies House which resulted in the company being struck off the register in 2016, which has been rectified and all accounts have now been filed. The director is providing a personal guarantee, this means that if the business fails the directors become personally liable for the loan. The director is not a homeowner, meaning there may not be sufficient assets should the loan need to be recovered. There have been no CCJs for the business or directors.
Where will the funds go?
"Focusing on long term solutions with a personalised touch."