Spanish Slate Quarries UK Limited
We’re thrilled to have Spanish Slate Quarries return, they’re an existing client, having done multiple rounds on the platform with perfect repayment history. Ahmed founded Spanish Slate Quarries UK Ltd over forty years ago. He spotted a gap in the market for beautiful, natural slate and quickly became the first company to import quality slate into the UK market from their Argentinian quarry. They now supply to homeowners, architects, contractors, and heritage projects. Priding themselves on having the largest stock in the country available on demand, the funds raised in this campaign will be used to replenish and extend this stock, for new machinery and to help them keep up with their growing clientele.
Whatever the project, we’ve got you covered
We're passionate about our material: every single one of our slates are split by hand - and we have a minimum holding of 2 million at any given time! We stock seven varieties of slate as well as a revolutionary phyllite material known as Riverstone Architectural, which is only available from a handful of source worldwide. As the first company to import these kind of of slates into the UK market, we are in high demand with a variety of customer bases, from contractors to architects, homeowners to local authorities. All of our slate comes with a 100 year guarantee and access to our expert resource centre and product support services. Examples of our successful projects include The Cowyards in Oxfordshire, the Hilton in Helsinki, and the Grand Lisboa in Macau.
Our growth has been phenomenal over the past few years. We are returning on this 4th round with Crowd2Fund, having had 7 years with a perfect repayment history. This round the money raised will be used to finance further stock purchases, machinery and to continue to keep up with our growing client list. As we move into our busier season and with our showroom opening up we are excited about the next phase of development and look forward to offering investors the opportunity to join us on this expansion.
The general findings of surveys show that the majority of construction related businesses have been hit hard by COVID-19. Spanish Slate Quarries UK Ltd has moved through challenges presented and is proving good resilience.
The director is providing a personal guarantee and indemnity. This means that if the business fails to make payments on the loan the director will be liable to make the payments or settle the loan. The director is a homeowner, however this does not ensure there are sufficient assets should the loan need to be recovered. A guarantee and indemnity is to be taken from Zavric Investments Ltd. This means that if the business fails to make payments on the loan then the guarantor will be liable to make the payments or settle the loan. This is a company registered in the Isle of Man and its main asset is the property form where Spanish Slate Quarries UK Ltd trades in London. We are advised the property has no lending secured against it and that Zavric Investments Ltd has not provided any other guarantees. However Zavric Investments Ltd may grant guarantees or security over the property in the future and this may mean that the loan may not be recovered from this source. Although Zavric Investments Ltd is registered in the Isle of Man the guarantee and indemnity is written under English Law. This means that the security can be enforced through the English Courts. We are also benefiting from the guarantees and indemnities of the following connected companies: SSQ Global Holdings Ltd, SSQ Europe Ltd and SSQ Overseas Ltd. This means that if the business fails to make payments on the loan these companies will be liable to make the payments or settle the loan. There may be insufficient assets in the these companies to cover the loan. There is a debenture over the assets for the company. This will mean that the secured creditor will rank ahead of the loan if the company is subject to an insolvency action. There have been no CCJs for the business or directors. The bank statements demonstrate reasonable affordability.
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"Whatever the project, we’ve got you covered"