TRENDI SWITCH LTD
Bringing elegant, seamless, retrofit led functional sockets, Trendi Switch brings high-quality wiring accessories all at a competitive rate. Varying from gold electrical suppliers internationally into 16 different counties, they operate online and in stores such as Homebase and Next. Demand is continually growing and they will be raising money for stock purchase and loan consolidation.
Bring design led functional products to the worldwide market place
Having had multiple exhibitions, we continue to showcase our products and involve our customers in all of our work, not only to create a stronger relationship but to also increase our exposure.
All of our products are easy to install with no additional wiring required, which have fireproof ABS plastic module casing and faceplates that do not fade in the sun and are scratch-proof. The products have been made easy to clean so you can keep them looking good as new. Here at Trendi Switch, we recognise the requirements for product development and whilst we are a new company, we are keen to develop our products whilst keeping the design lines.
Our latest developments feature our new cooker control panels, double blanking plates and the upcoming LED dimmer series range. The USB plug sockets (double & single) launched with great success, as sales have been steadily increasing along with many satisfied customers.
We continually perfect our work and via the feedback from the public and our stockists, we always look to expand and improve the range product by product. We are now raising funds to purchase more stock and loan consolidation.
We have been growing steadily as a business, even through COVID and our items were still sold and purchased in retailers such as Homebase as it was classed as an essential.
Credit Risk Comments:
The directors of The Internet Retailer (existing client) have returned with their other business Trendi Switch. The business shows good current ratio and stock days. The affordability within the bank statements is tight at times, and they took some lending recently which will be settled as part of the conditions of the loan. 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. There will also be a cross company guarantee with The Internet Retailer.
Where will the funds go?
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Forest Row, UK
"Bring design led functional products to the worldwide market place"