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loanLoan
Capital at risk
24
Months
17.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Services Transport Ltd, trading as Mazza Coaches, has been in operation for over a decade. The business was founded by Kamlesh Kumar, a former bus & coach driver who has been involved in transport services for over 30 years. They directly operate a fleet of transport vehicles, from small 16 person minibuses right up to diner coaches. Providing round-the-clock services, Services Transport is a high-quality and dedicated transport service in the inbound tourist transport industry.

To provide quality transportation services for the inbound tourist sector.

I entered the transport industry as a bus driver in 1988. From there I became a coach driver and moved into providing travel services for tourists. Britain maintains a strong tourism sector, maintaining a position in the top 10 most visited destinations by international tourist arrivals. As a result, there is a constant need for transport options for tourists, including groups of tourists. We provide these options, with our fleet ranging from 16 passenger minibuses right up to 49 passenger coaches and even coaches with built-in dining facilities.

Mazza Coaches offers private transport solutions whether the client seeks our services for business or leisure. We even offer a corporate travel management package which means we will take charge of all of your coach-related transport needs. Whether it’s a school trip, a family outing, an airport change, or a business trip, Mazza Coaches can provide. Quality and care are at the heart of my business, and this is why we ensure we provide competitive quotes for our services, as well as advice on planning, itineraries, and travel times. We ensure our fleet is well maintained and meets our standards, as well as keeping some luxury vehicles in our inventory for use for executive hire clients.

Our customer-oriented thinking means that we’ll happily manage many of our clients' full transport needs. That means anything from its regular Christmas parties, to a management conference worldwide to the regular bus or coach to get the staff to the factories across the UK. We are specialists in understanding and managing clients' complete transport requirements. Whether in the UK or on the continent, Mazza Coaches is here for you.

Credit Commentary:
The director Kamlesh Kumar 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. We have calculated a net gearing of 441% and a DSC of 5.79, showing the business stability to repay the principal and interest on new commitments. The filled accounts show that profit for the period after taxation is £83,540 and net equity is £183,373. The bank statements demonstrate reasonable affordability, and the accounts remain well in credit.

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 directors do not expect to draw money from the business as the funds will be used for business expansion

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 27k
Raised
£ 27k
Investors
123
Est close date
Funded 1 month ago in 19 days

Where will the funds go?

Refurbishment
£27,174

Key people

Kamlesh Kumar
Director

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Business brand

London, UK

"To provide quality transportation services for the inbound tourist sector."

Incorporated
11 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.