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loanLoan
Capital at risk
36
Months
17.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Tamar Labour Agency is an agricultural temporary & seasonal staffing agency based in Saltash, Cornwall. They serve the myriad agricultural businesses across Cornwall and Devon, providing workers to both farming and poultry processing businesses as well as others. Tamar has been in operation for over 20 years, and takes care to match up the right staff with the right business. They mostly assist in hiring for unadvertised jobs, with as much as 80% of their potential jobs being unadvertised.

To provide staffing solutions to Britain’s oldest industry.

We have 20 years’ experience serving Devon and Cornwall in the providing of temporary and seasonal workers to farming, poultry processing and related businesses. This has built us an unrivalled reputation and a loyal client-base. We know all our customers well, understand how they operate, and learn the challenges they face, so that we can source the best people for them and get the job done right, fast and in a cost-effective way. Our workers also rely on our knowledge and expertise, and trust us to introduce them to safe, suitable, and enjoyable work.

With a focus on the agricultural sector, our agency has developed a deep understanding of the industry's dynamics, challenges, and evolving trends. We stay abreast of technological advancements and industry changes to provide our clients with the most relevant and skilled workforce. Agriculture is still relevant to Cornwall, but it is a huge sector in Devon. As a result, it is extremely important for both counties to have a reliable supply of temporary and seasonal staff to assist agricultural businesses during the Spring and Autumn. We understand that each agricultural business has its distinct requirements. Our team works closely with clients to develop personalised recruitment strategies, ensuring a perfect match between employers and candidates.

Our success is rooted in a comprehensive understanding of the unique challenges faced by the agricultural industry, as well as our commitment to delivering tailored recruitment solutions. As we mentioned earlier, we’ve been in business for over 20 years. We’re a robust business, and we enjoy a reliable and broad client base to ensure we will continue to endure in support of agriculture in South-West England. We are excited to bring you this opportunity to invest.

Credit commentary:
The directors Richard Rowan and Lyubomir Rangelov are providing a personal guarantee, which means should the business fail, and there are 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 directors. Our credit assessment relies on the Equifax score and financial indicators, both derived from the 2022 accounts. The 12-month management accounts indicate that the company's Debt Servicing Capacity exceeds 1, indicating ample cash generation to cover principal and interest on new commitments. The company's net gearing stands at 28%, underscoring its stability. In the 2023 accounts, the EBITDA amounts to £180,587. Bank statements reveal reasonable affordability, and the accounts maintain a healthy credit balance.

Inflation risk:
The business said they have not been affected by higher input costs yet. As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. Despite increasing living costs, the directors of Tamar Labour Agency do not expect to draw money from the business as all capital is vital to settle existing debt.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (2 of 2)
£ 49k
Raised
£ 6k
Investors
49
Est close date
13d 2h

Where will the funds go?

Consolidation of debts
£48,955

Key people

Richard Clemence Rowan
Director
LT
Lyubomir Todorov Rangelov
Director

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Business brand

Saltash, UK

"To provide staffing solutions to Britain’s oldest industry."

Incorporated
7 years, 1 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.