loanLoan
Capital at risk
36
Months
15.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Founded by Glen Hughes and Leah Morgan, Tandem Set and Scenery have been bringing creativity and fresh ideas to the theatre and entertainment industry since 2010. Previous projects include David Lloyd ‘The Good Plates,’ Coca Cola, Arcola Theatre and many more.

Bringing creativity, innovation and excellence to the theatre and entertainment industry.

Tandem Set and Scenery capabilities are extensive; offering highly acclaimed escape rooms, immersive ‘rain rooms’, pop up festival bars for contemporary drinks brands, inner city crazy golf courses, oversized flower portrait installation and many, many more products. We have a highly creative and experienced team who are forward thinking and innovative.

My background in design, carpentry and touring theatre productions and Leah’s in graphics, painting and prop making is the perfect combination for a creative scenery building company. We began working from our studio in Stoke Newington. Soon running out of space, Tandem moved a bit further north into a new 5,000 sq ft workshop in leafy Waltham Abbey until Spring 2018. When an opportunity came to double the size of our workshop space and move out of London to Paddock Wood in Kent. We’ve sourced a team of skilled carpenters, metal workers, scenic painters, prop and model makers, CNC operators, labourers and office workers that all enjoy working together on new exciting projects. Our backgrounds and teams expertise is what has enabled the growth of Tandem Set and Scenery.

We are the leading Escape Room Set builders in the UK. Being at the forefront of this exciting game revolution and having the installations to prove it. We work with the game designers, adding their practical knowledge and creative flair to every project. Tandem has the capacity to build each game in their workshop, creating a life size Room Prototype that can be tested and reviewed over time. We offer full design, production and fabrication services for the film, theatre, the visual arts and immersive theatre industries. We genuinely love what we do and are excited about the opportunity to expand.

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 is no debenture over the assets for the company. There have been no CCJs against the business or directors. The bank statements demonstrate reasonable affordability. In the 2020 to 2022 accounts, administration expenses were £369,550, £531,514 and £795,504 respectively. The other operating income from 2020 to 2022 was £244,760, £36,811 and £349,535. The administration expenses in the 2020 to 2022 financial table below includes the addition of other operating income. Although the business had negative tangible net worth in the accounts for the year ending 30 April 2021, there has been an increase into a positive tangible net worth in management accounts for the 11 months to February 2022 which report a much-improved position with turnover and gross margin increasing. The Equifax score and grade, on which we base our assessment of risk, are based on the 2021 accounts and we have performed our assessment on financial information which was not available to Equifax.

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Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (2 of 3)
£ 89k
Raised
£ 13k
Investors
58
Est close date
Funded 19 days ago in 29 days

Where will the funds go?

Working capital
£44,500
Expanision
£44,500

Key people

Glen Hughes
Director

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Business brand

Paddock Wood, UK

"Bringing creativity, innovation and excellence to the theatre and entertainment industry."

Incorporated
7 years, 6 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.