loanLoan
Capital at risk
36
Months
12.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

With the second hand IT market rapidly growing, and increasing even further due to increased remote working and schooling, Spartan Global Services’ business has been growing exponentially. With 20 years of experience refurbishing second-hand IT hardware, mobiles and laptops, they aim to avoid harming the environment by reducing the disposal of toxic battery chemicals and heavy metals. They are now seeking funds to purchase second-hand hardware, hire more staff and expand their e-commerce platform.

Keeping tech green and reducing the digital divide - globally.

We are an environmentally conscious company seeking to reduce waste by giving people access to as good as new refurbished IT equipment from second-hand hardware. To achieve this, we’ve established an accessible, online to consumer channel, where our customers can easily purchase reconditioned laptops, mobiles, and refurbished IT hardware. We also have vast experience in disposing of hardware safely that is no longer reusable. Our company holds a zero-waste policy and any item that is no longer useable gets sent to an authorised treatment facility, where it is pulled apart and granulated for further use.

We are incredibly proud to be a part of the circular IT and electronics economy and ecosystem. By being a part of this economy we are able to get the most out of existing products whilst adding benefits to carbon reduction and carbon neutralisation. We are extending the original carbon footprint used instead of restarting a new one from a newly created item, which creates detrimental problems to our environment.

After an exceptional amount of growth in the past 3 years, demand is still growing and has in fact increased due to an escalation in remote working. Furthermore, we have had a consistent 100% year on year growth for the past 3 years. Our IT hardware has doubled in performance every 18 months, exceeding the expectations of our consumers.

The second-hand market has been growing and we are incredibly proud to be a part of it and help drive it. Since the start of the pandemic, it has continued to be the preferred choice for over 80% of consumers.

https://asb.org.uk/business/06/2021/second-hand-laptop-site-notes-huge-sales-and-traffic-as-lockdown-persists-and-work-from-home-continues/6342/

We’ve been successful in developing strong relationships with international businesses and are now expanding our mobile phone operations. We’ll be expanding into less developed markets such as India and Africa to help reduce the digital divide across the world - therefore enabling those who are less fortunate to have access to information, financial services and education.

It’s been an amazing journey for us and we hope that you can be a part of it as we continue to grow. The funds raised for this campaign will go towards purchasing second-hand hardware, staff recruitment and website development.

Investor awards are a part of our Spartan Shields loyalty scheme, which you can find out more about on our website.

COVID-Resilience:
The second-hand market for technology is growing fast and is expected to be worth '$65 billion by 2024'.

https://www.forbes.com/sites/sap/2021/04/28/three-practical-steps-to-gain-business-value-in-the-second-hand-economy/?sh=3057ca997806

Credit Risk Comments:
The directors are providing personal guarantees, this means that if the business fails the directors become personally liable for the loan. One of the directors is a homeowners, however 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.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 150k
Raised
£ 66k
Investors
179
Est close date
Funded 2 months ago in 29 days

Where will the funds go?

Purchase of second hand hardware
£50,000
Website Development
£50,000
Staff Recruitment
£50,000

Key people

Christian Pattihis
Director
Red cup

Investor rewards

Save a cheeky sum

If you invest £100 - £499
Get £50 off anything in-store, redeemable whenever

Reduce your waste

If you invest £500 - £999
Get £100 off anything in store, redeemable whenever

Upscale your collection

If you invest £1,000 - £4,999
Get £100 off anything in store, plus a free accessory

Save the environment

If you invest £5,000+
Get £100 plus a free refurbished 'like new' iPhone 8, 64GB

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Business brand

Cannock, UK

"Keeping tech green and reducing the digital divide - globally."

Incorporated
8 years, 7 months
Product risk
Lower

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.