loanLoan
Capital at risk
36
Months
14.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Spartan Scaffolding Solutions work across South Wales and South West England, providing advanced scaffolding solutions. Main business activities are that of scaffold & access services, the business geographically covers South & Mid Wales & the South West Region of England. It is a full NASC Contracting Members, a very highly sought after accreditation, the company also holds a number of other very sought after accreditation such as Constructionline GOLD & RISQS (Railway Works).

Providing access & scaffolding solutions

Spartan Scaffolding Solutions Ltd provides access & scaffolding solutions, our full list of services include: Tube & fitting scaffold inc design services, Haki Staircases, Edge protection, Safety Netting, Safety Decking, Shrink-wrap encapsulation, Rope access and MEWP access. All our scaffolding is erected by our fully trained and qualified CISRS staff.
 
What makes us stand out from our competitors is our excellent working relationships with experienced scaffold designers, their expertise allows for projects to be turned around typically with 24- 48hr periods.
 
We offer our services on a domestic, commercial, or industrial basis and have numerous highly sought after accreditations including Scaffold association – Assessed members, Constructionline GOLD and Builders Profile Members to name a few. We’ve built a reputation with our clients for our speed and reliability service. Currently we are seeking funds for equipment and expansion.

Covid Resilience:
The general findings of surveys show that the majority of construction related businesses have been hit hard by COVID-19. Spartan Scaffolding Solutions ltd. has moved through challenges presented and is proving good resilience.

Credit commentary:
The directors are providing a personal guarantee, this means that if the business fails, the directors become personally liable for the loan. The directors are 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. In 2021, admin costs were £406,827 and other operating income was £30,338. In 2020, admin costs were £126,954 and other operating income was £34,902. The admin expenses in the financial table below includes other operating income. The Equifax score and grade, on which we base our assessment of risk, are based on the 2021 accounts. We have performed our assessment on recent financial information, including 2022 management accounts, which were not available to Equifax. The year to date management accounts show that net profit was £454,625 and net equity was £716,261. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (2 of 2)
£ 129k
Raised
£ 44k
Investors
136
Est close date
Funded 28 days ago in 29 days

Where will the funds go?

Equipment
£64,616
Expansion
£64,616

Key people

Michael Jason Lewis
Director

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Business brand

Neath, UK

"Providing access & scaffolding solutions"

Incorporated
9 years, 7 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.