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Capital at risk
Director guaranteed
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Minimum investment is £100
Total return
Monthly repayments

The Diesel Car Company is a used car dealer based in Southampton that prides itself on the excellent care it takes of its used cars and its customers. They have signed the AA Dealer Promise, as well as having been ‘Highly Commended’ at the Used Car Awards 2022 for ‘Used Car Online Sales Experience’. They provide a comprehensive online experience, and offer myriad vehicles from the cleanest ‘Euro 6’ diesel cars through low-emission petrol cars & hybrids right up to fully electric vehicles.

Helping you find a pre-loved car a new home.

Established in 2009, our aim has always been to supply some of the UK’s best-selling vehicles on competitive finance deals whilst also providing excellent customer service. We also offer valuable additional products such as GardX. Whilst all vehicles come with a standard three month warranty, we also offer warranty upgrades for up to 36 months of ownership so that our customers can know that they are always covered.

Not only do we stock a wide range of vehicles, we are always evolving with the landscape and now also stock low-emission petrol cars, hybrids, plug-in hybrids, and fully electric vehicles together with the cleanest ‘Euro 6’ diesels available. We have a range of experience across all our staff departments, working together to deliver our customers affordable vehicles that are prepped and ready to go.

Through our website, our customers can purchase entirely online without ever leaving their sofa. We can guide them through the process, send them personal walkaround videos and answer any queries on the vehicle before moving on to tailor made finance packages that suit them. We offer Hire Contract (HP) and Personal Contract Purchase (PCP) with affordable low rates from 8.9%. We also offer a click and collect service. We have two sites across the South East, based in Southampton and Fareham.

Ultimately, we pride ourselves on offering a wide range of cars suitable for all needs with prices checked daily to ensure the best value and our finance rates are the lowest available in the marketplace today. All our vehicles come with the following additional benefits: 12 months free AA breakdown cover, three-month warranty and HPI history check. We treat both our cars and our customers with care and diligence.

Credit Commentary:
The directors Julian Cole and Marc Hansdcomb 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. According to TransUnion’s credit score, the director shows a good credit profile. There have been no CCJs for the business or director. Looking at their recent management accounts, the company’s, the company’s EBITDA is sufficient to cover the proposed facility. Compared to last year’s figure, the creditors’ days are decreasing, this shows the company’s good creditworthiness by effectively managing the repayment to their suppliers. Finally, The August 2023 management accounts show that net income was £213,960 and net equity was £989,668, these are improvement numbers looking at last year’s figure. Considering the current mitigants the company has enough capacity to afford and cover the proposed loan.

Inflation risk:
Considering that most of the business lending occurs at fixed rates, it remains unaffected by the current interest rates. The director anticipates no need to withdraw funds from the business, as the facility is primarily utilised to bolster stock levels.


Business keeps the raised amount even if target is not met.
Loan - product type
£ 130k
£ 46k
Est close date
Funded 5 months ago in 29 days

Where will the funds go?

Setup of a standalone vehicle refurbishment centre.

Key people

Julian Spencer Cole
Marc John Handscomb

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Business brand

Southampton, UK

"Helping you find a pre-loved car a new home."

15 years, 5 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.