UK INTERIOR SOLUTIONS LTD

UK INTERIOR SOLUTIONS

Leading North East contractor of suspended ceilings and partitions taking on new client.

Loan

Capital at risk

Venture Debt

Months

15.0%

apr^*

Capital at risk

Amount

You make

Minimum investment is £100

Total return

Monthly repayments

Our APR explained

UK Interior Solutions is one of the North East’s leading suspended ceilings and partitions contractors, with works branching all over the UK. They have been trading for 5 years, achieving strong turnover and profits in this lucrative industry, refurbishing offices and hotels for regional and national construction companies. With the funds raised, they will be taking on a new contract, enabling them to expand.

Tell me more

Design. Develop. Deliver.

With over 20 years of industry experience, we launched UK Interior Solutions 5 years ago to offer high-quality, professional design and installation of all types of partitioning systems and suspended ceilings to clients around the North East. We pride ourselves on delivering high standards, expertise and dedication to every project, which is why we get so much repeat business, time and time again.

We offer all types of partitioning systems and suspended ceilings, including mineral, acoustic, metal and decorative systems. Over the decades we have developed a wealth of knowledge and experience, offering a comprehensive service for contractors, including regional and national construction companies, requiring suspended ceilings and partition solutions. We have also started to diversify, undertaking mezzanine floor installation and currently have teams working on projects around the UK.

Our business has been growing well and we are keen to expand further. The purpose of this loan is to allow us to take on a new, large contract requiring more materials and labour. Going forward we will be able to take on more work and maintain our strong growth while maintaining our high standards.

Business keeps the raised amount even if target is not met.

Maximum

£ 50k

Raised

£ 38k

Investors

201

Estimated close date

15d 15h

Where will the funds go?

Materials

£25,000

Labour

£25,000

Key people

Andrew Frederick Sparkes

Secretary

Michelle Barrass

Director

Q. Just visited your website. Mistakes need fixing. Show professionalism and I'll ask you a real question.

Q. Why is C2F listing this investment as higher risk, when fixed loans are normally lower risk?

Q. Are you able to say how much cashflow did you generate for 2019 and how much cash you held end of 2019 account? thanks

Q. Is any of new larger work sub-contracting for developers and how much?

A. Not so much housing developers but large established Main Contractors, we are developing some land into residential premises as mentioned to give the company a higher float once developed and sold.

Q. Will the bigger and longer jobs pose funding and payment challenges?

A. Bigger the job more initial outlay, with the potential funding opportunities and enhance payment terms our business will grow steady and comfortably.

Q. You facing incredible growth opportunities, what challenges does it pose and how are you dealing with them?

A. We are getting bigger schemes off of repeat clients and with that new clients are getting news of our company delivering high quality work. In that we can negotiate better terms.

Q. Thanks for the responses. I was referring to charges registered at companies house. Normally existing loans, facilities and overdrafts would result in a charge being registered against the company. Do you not have any?

A. Jakob we have a small loan and small overdraft facility which must not be big enough to register at companies house. We also have no facility in place to ease cash flow.

Q. Hi there. Your 2019 net equity is £155k per companies house. Why is this less than per the draft accounts? Did you take a large dividend?

A. We took a larger dividend to secure property / land we are going to be developing as a side arm to grow additional funds for future growth.

Q. Can you share what makes up assets and liabilities other than trade?

A. This is a question I would need our accountant to give us.

Q. How many contracts do you start each year and what is the expected revenue for the FY20 and FY21?

A. Hi Jakob we tend to complete around 100 contracts per year currently but are picking up a lot ,more clients which are also a lot bigger jobs.

FY20 - Approx 4m Turnover

FY21 Approx 7m Turnover

All at current growth rates of previous trading years