REFTECK SOLUTIONS LIMITED
Established in 2007, Refteck works internationally, providing unique and cost-effective solutions to help manage the logistics of tight supply chains. Whether it is Oil Production, Refining, Petrochemical, Energy Generation or Marine operations, they help clients source parts and consumables from international vendors. Founders Nitin and Alpa Shah are returning clients of Crowd2Fund with perfect repayment history.
Ensure customer satisfaction through quality, delivery and cost optimisation. To establish Refteck solutions as a premier engineering procurement brand in the global market.
We stand out from competitors because we are innovative, strategic and quality driven. Using an amalgamation of sophisticated technology, we have enhanced our core capabilities and supply-chain efficiency. With 15 years of industry experience, we can provide our clients with competitive pricing. We are members of the London Chamber of Commerce and Industry, the American World Trade Chamber, and the Association for Supply Chain Management. Additionally, we are certified by top organisations including the Department for International Trade. The procurement model we have includes sourcing a specific part of a turn-key procurement solution for various industries across global markets. This enables us to source products and services at the most competitive prices and deliver them on schedule.
Whether by ocean, air (via passenger or freighter) or road, Refteck Solutions have the proficiency and the know-how to move all types of cargo with the same individual care and attention. As we continue to grow internationally and as demand increases, we are seeking funds for expansion and working capital.
The directors are providing a personal guarantee, this means that if the business fails, the directors become personally liable for the loan. One director is a homeowner, however, this does not ensure there are sufficient assets should the loan need to be recovered. We have calculated the TNW for the company to be negative based on the full year June 2022 draft accounts. The tangible net worth calculations takes net equity (shareholders' funds) and subtracts intangible assets, directors’ loans (current assets) and intercompany loans (current assets). Therefore, as this company had an intercompany loan of £269,007, the TNW was calculated to be £(127,589) as at June 2022. The company will be using the loan to improve cash flow and growth of their German entity. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.
The business advised that they have not been affected by higher input costs yet. As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. Despite increasing living costs, the directors of Refteck Solutions Ltd do not expect to draw money from the business as all capital is vital for the expansion of the business. Refteck Solutions Ltd advised that they are less likely to be impacted by inflationary pressures as most business is from overseas markets.
"Ensure customer satisfaction through quality, delivery and cost optimisation. To establish Refteck solutions as a premier engineering procurement brand in the global market."