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
£

Working with mainly clients from the food industry such as the Hummingbird Bakery, Lola’s cupcakes, al enam and Little Moons, Renwear Limited provides not only laundry services, but also workwear and other rental services such as tea towels, lockers and mats. Their garments comply fully with all relevant food industry regulations and are up to full customer satisfaction. They are continuously growing and so the funds raised for this campaign will go towards stock and client acquisition and renewal.

Bespoke collaborative solutions for your needs.

Focusing on providing an array of services for businesses in the food industry, we at Renwear Limited provide bespoke uniforms and laundry services. We also allow businesses to rent out lockers, towels and mats. All of our items are up to all relevant food industry regulations and are of first-class quality.

Our mission is to be recognized as the quality leader in the food industry. With our bespoke uniforms, we also offer to create logos for our clients, with all the look and feel needed to ensure our clients get the best out of our services. This includes colour, style and fabrics.

We concentrate purely on our sales and service, so our customer service is second to none which is something that our clients discover every day.

As a business, we do not operate on a transactional approach, we focus on creating meaningful relationships that are long-lasting and mutual with each client. Collaborative working is the key to our success and in creating the best solution for each project. Our custom rental packages offer a broad range of custom logo and non-branded work apparel as well as corporate casual wear. We are continuously innovating and seeking the best technology for our services as our ultimate vision is to shape the work-wear industry into a better future. For this reason, we have been able to acquire some well-known clients such as Hummingbird Bakery, Lola’s Cupcakes, Hermolis, Pots, and Allied Bakeries.

Our company is continuously growing and the demand for our services is increasing, so the funds for this campaign will not only go towards client renewal and acquisition but also towards stock purchase.

COVID-Resilience:
Renwear has not been affected by the impacts of COVID-19 as the bulk of their clients are in the food industry. During the pandemic the takeaway food industry which has grown significantly and continues to grow

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Credit Risk Comment:
The director is providing a personal guarantee, this means that if the business fails the director becomes personally liable for the loan. The director is not a homeowner, this does not ensure there are sufficient assets should the loan need to be recovered. There have been no CCJs for the business or directors. Their bank account operates mostly out of their overdraft, occasionally going over their limit, however closing the day within their limit. This, along with non-homeownership, has resulted in the higher interest rate.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 63k
Raised
£ 23k
Investors
66
Est close date
26d 8h

Where will the funds go?

Stock
£30,000
Client Renewal and acquisition
£30,000

Key people

Yeshaya Kramer
Director

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Business brand

London, UK

"Bespoke collaborative solutions for your needs."

Incorporated
10 years, 3 months
Product risk
Lower
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.