loanLoan
Capital at risk
48
Months
9.0%
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Robert Goddard was founded by George Goddard (Robert’s Grandfather) in 1895. Since then, Robert Goddard has offered the same high standards of customer service which were insisted on by the founder over one hundred years ago. Looking to continue delivering distinctive clothing, they are looking for a loan for their 8th store.

Robert Goddard is an independent quality clothing business with branches in Wisbech and Spalding.

Back in 1895 when George Goddard started the business, he set out to offer service, selection and quality. One hundred and ten years later these same principals remain and have proven successful. We continue to offer distinctive style and choice from some of the best design houses in Europe and America.

Our casual fashion ranges have grown with demand; we now offer some of the most sought after brands, including Gant, Ted Baker, Lacoste, UGG Australia, Henri Lloyd, Ralph Lauren and many more. Robert Goddard also offers a selection of formal wear and formal hire, alongside a range of accessories and shoes from well-known brands.

Our made to measure, hand tailored suits are increasingly popular, enabling you to enjoy a perfectly fitting, quality suit, designed to the clients' exact requirements.

Furthermore, all our stores are located in prime, high street positions, and are renowned for the service, selection and quality of the products we offer. As previously mentioned, this excellent customer service and ethos has been upheld by the loyal, experienced and committed staff, some of whom have been working for the business for over twenty years!

Over time, Robert Goddard has become a highly respected brand with an outstanding reputation stretching the entire country. This loan will allow us to continue offering our clients best in house service in our new store.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (1 of 3)
£ 140k
Raised
£ 139k
Investors
325
Estimated close date
Funded 1 month ago in 21 days

Where will the funds go?

Lease for the 8th shop
£50,000
Fitting cost for shop
£80,000
Stock
£120,000
Debt consolidation
£50,000
Working capital
£16,000

Key people

Oliver Tookman
Director

Got a question for the business?

If you need more information from the business then you can ask them a question directly.
Sign In to Ask

A. Thank you for your question. This is repaying a loan that it at a higher rate, thereby reducing our interest costs.

A. Thanks for your question. We opened our Corby store 2 years ago and it is trading well. The new loan is for a new store in a new shopping park development called Rushden Lakes in Rushden (Northamptonshire). The store complements our existing portfolio well and will result in us being the only premium fashion independent retailed in the park. There are a collection of leading retailers opening at Rushden Lakes, and the site is anchored by House Of Fraser, Marks and Spencer and Next.

A. Thank you for your question. We acquired a business and opened Corby in 2015, hence the large turnover increase. We haven't opened any stores since.

A. Thank you for your question. No, the Director's have no interest whatsoever in the loans to be repaid.

A. Thank you for your question. There are no expenses/salaries/fees etc that will be paid to the Directors/shareholders.

A. Answered below.

A. Sorry David, this was misunderstood. The Directors only draw the minimum that they require. This has resulted in an average salary and dividend of approximately £38,000 per annum, and there are no plans to increase/reduce this. The majority of the profits are reinvested back into the business in order to fund growth.

Up arrow

Back to the top

Business brand

Peterborough, UK

"Robert Goddard is an independent quality clothing business with branches in Wisbech and Spalding."

Incorporated
9 years, 6 months
Equifax score
46 / 100
Equifax Grading
powered by Equifax
Average score
Lending directly to businesses involves risk, including risk to your capital.
Please see our risk section before making an investment decision.

Risk warning

Investments like these involve risks including loss of capital. Please see our risk section before making an investment decision