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loanLoan
Capital at risk
24
Months
16.5%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Positive Mind Space, trading as 39A, run private therapy rooms in a discerning shared workspace, with the aim of creating the most calming and safe working environment possible. All rental rooms are fully-equipped to maximise discretion and comfort, with their own state-of-the-art technology to make the booking and payment service stress-free for freelancers in all types of therapy, from psychotherapy to physiotherapy.

Providing a tranquil space to work & heal

At Positive Mind Space, trading as 39A, we offer the perfect environment for independent professionals in the non-beauty therapy industry. This includes psychologists and psychotherapists, consultants and counsellors, sports masseuses and physiotherapists, all growing industries as more doctors and professionals are moving into private practices as NHS waiting lists increase. Our welcoming treatment rooms are based in Warwickshire and surpass all levels of discretion and convenience from those of our competitors. Our rooms are fully-equipped with iPads, sound-proof systems, and refreshments to ensure comfort for both therapist and patient. There is a secure entry system and relaxing client lounge with atmosphere-enhancing audio for all members to use.

We're a dynamic business and know that our freelance clients need the stress taken out of leasing an office. We have our own payment system for our therapists to use, created via our bespoke 39A software. Similarly, room bookings are made online, meaning they're flexible to suit independent schedules. We're transparent with our clients: as well as permanent rental rooms, we also have rooms that operate on an ad-hoc, pay-as-you-go hourly basis, meaning we don't charge for a room that's not in use.

Having successfully established ourselves, we now want to take the next step for our business by upgrading our premises. Currently, we have 6 rooms available to hire and have reached our maximum capacity; with our new premises, we will have 30, which will enable us to accommodate growing demand. With the funds raised in this campaign, then, we will facilitate this relocation and set up furniture and fixtures, as well as hiring an additional member of staff for onsite management.

Credit commentary
The director Katie Brazier is 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. Our assessment of risk is There have been no CCJs for the business or director. The Equifax score and grade, which we use to assess risk, are based on the 2023 accounts. The funds will be utilized for business expansion. While this application represents a credit policy exception due to low net profit, there is the presence of mitigants such as satisfactory payment history from previous loans, solid debt service capacity, low net gearing, and strong cash flow. The director, although not a homeowner, maintains a favourable credit history with no adverse incidents noted. Furthermore, the business demonstrates sufficient debt service capacity and maintains a low net gearing ratio, indicating a prudent financial position. The bank statements indicate reasonable affordability, and the accounts remain well in credit.

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.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 27k
Raised
£ 25k
Investors
122
Est close date
Funded 19 days ago in 29 days

Where will the funds go?

Business expansion
£27,174

Key people

Katie Brazier
Director

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Business brand

Leamington Spa, UK

"Providing a tranquil space to work & heal"

Incorporated
10 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.