loanLoan
Capital at risk
36
Months
15.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

RDS provides IT services to multi-site, multi-user businesses, specialising in the automotive, construction, education, and professional services sectors. A large portion of their customers have been with them for over a decade and some have been with them since the beginning (20+ years). They serve 4,000+ users in 200+ locations. Andy is currently seeking funds for a new project.

Providing a leading service within the IT industry, whilst committing to supporting the wider community.

As a managed service provider, RDS has streamlined its offering to focus on what we do best: managed IT support, cyber security, and communications for multi-site, multi-user businesses. RDS Global Ltd was founded in 1997. Born out of the IT department of a Derby-based automotive dealer, the original mission was to be the leading supplier of managed network services to the UK automotive sector. IT support, hardware, and consultancy services were soon added to satisfy customer demand.

Our industry-leading support and customer experience are underpinned by our core values of integrity, transparency, and reliability. We believe this is what has allowed for the growth of the business over the years.

We are committed to supporting a wider society, our focus in recent years has been increasing access to STEM education, championing gender equality, and supporting local charities in raising vital funds and awareness.The RDS Global Technical Employer Academy has trained a number of young people since its inception, with four graduates earning full-time employment at RDS. In 2019, RDS was proudly awarded the Community Impact Award at the East Midlands Chamber of Commerce’s Derbyshire Business Awards. Derby College Group’s Deputy Principal, April Hayhurst said: “RDS Global is a leading light in our employer academy programme and shows just what can be achieved by working together to better prepare young people for the world of work.”
The 2020s have begun on a wave of innovation. RDS adapted the BlackBox to ensure that businesses could operate safely during the pandemic and we have been appointed as the leading technology provider to two major sustainability-driven technology projects.

In the first decade of the 21st Century, RDS established itself as the leading managed IT services provider to the UK automotive sector. RDS is now also a leading provider of digital access control, CCTV, and telecom services. We proudly serve 4,000+ users in 200+ locations with many long term customers. We are now accredited by best-in-class Microsoft Support, UK Cyber Security Standard, Global Information Security Standard, Government-Backed Standard, East-Midlands Cyber Security Leader, CCTV and Physical Security Specialist.

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 against the business or directors. In the December 2021 draft accounts, admin expenses was £2,158,598 and other operating income was £142,693. The other operating income comprised of commissions from telecommunications sales via a main supplier. The admin expenses in the 2021 financial table below is inclusive of other operating income. The bank statements demonstrate reasonable affordability and the accounts remain well in credit. The Equifax score and grade, on which we base our assessment of risk, are based on the 2020 accounts. We have performed our assessment on recent financial information, including 2021 draft accounts, which were not available to Equifax.

Covid Resilience:
Like many businesses, the pandemic created obstacles for RDS Global. However, these challenges were overcome and the company proved good resilience.

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Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (2 of 3)
£ 68k
Raised
£ 12k
Investors
60
Est close date
Funded 13 days ago in 29 days

Where will the funds go?

New Project
£34,188
Working
£34,188

Key people

Andrew Dennis Flinn
Director

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Business brand

Derby, UK

"Providing a leading service within the IT industry, whilst committing to supporting the wider community."

Incorporated
25 years, 2 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.