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
£

Tandem Set & Scenery is an award-winning set and scenery company established in 2010 by Glen Hughes and Leah Morgan. They’re pioneers of the immersive industry and specialists in the booming escape room sector. Past Clients include: Escape Hunt PLC, BBC, Amazon, Netflix, Secret Cinema, Luna Cinema and commercial projects for Heineken, Jose Cuervo, Kraken Rum, Birra Moretti and many other top tier brands.

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. Our latest projects include: Phantom Peak, essentially an Urban theme park in the middle of London, mentioned in Secret London, Time Out and The Evening Standard. Additionally, Abandoned Island, a project built in the Middle East, Secret Cinema's Dirty Dancing and Campari and more. 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. Winners of the Webby Award for our Without Remorse livestream we made for Amazon Prime, apparently this means we’re officially the best of the internet. We’re just finishing up our end of year accounts. Our turnover is approximately £2.4m, which is almost double our income from last year, with a handsome profit of 400k. We’ve exited the Global Pandemic with velocity.  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.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Tranche (3 of 3)
£ 76k
Raised
£ 12k
Investors
49
Est close date
Funded 3 months ago in 38 days

Where will the funds go?

Working capital
£37,846
Expanision
£37,846

Key people

Glen Hughes
Director
Red cup

Investor rewards

Phantom Peak

If you invest £429 - £999
You'll get five tickets to Phantom Peak, London’s newest and largest experiential attraction: 30,000 square foot of experience for you to explore and enjoy.

Phantom Peak Package

If you invest £1,000 - £2,499
You'll get the Above AND a copy of Spectre & Vox, 3D Haunted House Boardgame, worth £279 RRP. See spectreandvox.com for more details.  Combined value: £474

Phantom Peak Premium Experience

If you invest £3,400 - £4,999
You'll get a full night out for you and up to 20 of your friends at Phantom Peak with food and drink on us, the free use of a bookable VIP area AND a copy of Spectre and Vox Boardgame. Combined value: £2028

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Business brand

Paddock Wood, UK

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

Incorporated
7 years, 11 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.