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loanLoan
Capital at risk
36
Months
18.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Osbourne Blinds & Interiors, run by Geoff and Jennie, has established a solid reputation for providing high-quality bespoke products at competitive pricing with exceptional customer service. Geoff has an engineering background with 20 years of experience in the field, while Jennie has a keen eye for materials, interior design, and running the workroom. Funds will be used to grow the business and buy new equipment.

Osbourne Blinds & Interiors Ltd is a family run business offering bespoke soft furnishings and high quality window shading products to both clients homes and hotels.

A family-run company, Osbourne Blinds & Interiors Ltd., provides bespoke soft furnishings and premium window coverings to homes and hotels.  We provide free consultations, made-to-measure curtains that we expertly hang, as well as a wide range of blinds and shutters. We started our business in the interiors and home furnishings industry because it is something we both enjoy and are passionate about. We constantly face challenges, whether it be creating new designs or products, but enjoy overcoming any obstacles that may arise. Our mission is to bring bespoke quality products to customers and open another shop replicating our current showroom in another area.

The company's success to date has been a result of our dedication to the satisfaction of our clients and our solution-focused approach to every project. We have the experience and expertises to give advice to our customers and direct our staff. With 20 years of industry experience, we can provide knowledgeable guidance and a service that guarantees excellence. We are also specialists in motorizing curtain and blind track systems and in the design and installation of Plantation shutters.

Interior design is something we are extremely passionate about, and we take great satisfaction in offering excellent client service with a can-do attitude. The testimonials we receive reflect our reputation for offering a top-notch service. We are thrilled to offer you the opportunity to invest as we enter this phase of expansion.

Credit commentary:
The directors are providing a personal guarantee, this means that if the business fails the directors become personally liable for the loan. The directors are homeowners, 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 director. The company’s debt servicing capacity is outside of credit policy, but this will be mitigated by the fact that the C2F loan will be used to refinance their current borrowing, which should result in an improved DSC. The Equifax score and grade, on which we base our assessment of risk, are based on the July 2021 filed accounts. We have performed our assessment on recent financial information, including July 2022 draft accounts and January 2023 management accounts, which were not available to Equifax. The July 2022 draft accounts show that pre-tax profit for the year was £102,583.20 and net equity was £111,730.55. The 6-month January 2023 management accounts show that pre-tax profit for the period was £40,290.24 and net equity was £152,020.79.

Inflation Risk:
As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. The directors do not expect to draw money from the business as all capital is vital for the growth of the business.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 53k
Raised
£ 53k
Investors
126
Est close date
Funded 1 year ago in 10 days

Where will the funds go?

Refinance
£26,595
Working Capital
£26,596

Key people

Geoffrey Neil Durrans
Director
Jennie May Durrans
Director

Business brand

Lincoln, UK

"Osbourne Blinds & Interiors Ltd is a family run business offering bespoke soft furnishings and high quality window shading products to both clients homes and hotels."

Incorporated
7 years, 10 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.