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loanLoan
Capital at risk
24
Months
16.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Savo Property Services, trading under a franchise of Hunters, is an Estate and Letting Agent operating two branches in Abbey Wood and Bexleyheath. They have been in business for 14 years, and are proud to have retained a number of staff members since then, contributing a wealth of experience to the team. This is compounded by the >30 years of experience in Property from their director. They prioritise customer care, and their pipelines are currently at a three year high.

Look after your customer, otherwise someone else will.

I began my journey through the Property market in 1991 and worked for a number of corporations before buying into a franchise partnership in 2004. The franchise itself has changed hands a few times since then, but we’ve been operating in our current form for fourteen years. We’re even lucky enough to have maintained several team members since our last franchise move, which means that between myself and the team we have buckets of experience to use to ensure we give the best possible service. Our franchises are both in South East London, and we do our best to serve our community and find homes for our clients.

Service is at the heart of our business. We absolutely believe that good customer service is essential to success when you’re working in Property. We’re even lucky enough to have had repeat clients, selling off the properties that they previously bought through us. Customer service and good reputation have made Savo what it is, and they’ll continue to take us to the future. Our customer service is compounded by our tenure in the same communities. We have a location in Abbey Wood, and another in Bexleyheath. We’ve operated both of these for many years, making us a staple for those looking to buy, sell, rent, or let in either of these areas.

Whether buying, renting, letting, or selling, Savo has you covered. We handle all things property, with a focus on helping people find their next home. We’re planning a large scale system overhaul to help modernise the business and increase throughput, as well as some other expansions. With these projects, we’ll be able to continue our goal of finding our customers their new homes even more effectively than we already do.

Credit commentary:
The director Richard Cross 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 company has a stable Debt Service capacity ratio of 4.32 and EBITDA of £95k, which is within credit policy. The director of the company is a homeowner with no record of adverse credit and has substantial equity. I was able to identify the monthly payments made to Bounce Back Loan and GoCardless in the bank statements. The company has a high positive value in Net Gearing, which indicates that it uses a lot of equity to finance its operations. The bank statements show reasonable affordability, and the accounts are in good standing, with no negative balances.

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. The director stated that the business operations won’t be affected by inflation.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 50k
Raised
£ 0
Investors
0
Est close date
Completed

Where will the funds go?

System & Software Upgrades
£25,000
Expansion
£12,500
Marketing
£12,500

Key people

Richard Cross
Director

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Business brand

Orpington, UK

"Look after your customer, otherwise someone else will."

Incorporated
5 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.