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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.

Inflation risk:
The business advised that they will be affected by higher fuel, electricity and labour costs. pAs 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 all capital is vital for the growth of the business. The business advised that they are less likely to be impacted by inflationary pressures due to the sectors they work within and the fact that they will be able to pass these costs on directly to their clients.

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 (3 of 3)
£ 86k
Raised
£ 53k
Investors
132
Est close date
13d 12h

Where will the funds go?

Equipment
£42,803
Expansion
£42,803

Key people

Michael Jason Lewis
Director

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Business brand

Neath, UK

"Providing access & scaffolding solutions"

Incorporated
9 years, 9 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.