VISION BRANDS

The Night Store, an emerging leader in e-commerce, is thrilled to present this investment proposal. Since our launch, we have swiftly risen to become a favourite brand for women seeking stylish and comfortable Pyjamas. Our dedication to quality, customer satisfaction, and innovative designs has driven our success and established us as a premier destination for nightwear. With your investment, we aim to accelerate our expansion, enhance our product offerings, and solidify our market presence. Join us in this exciting journey as we continue to redefine the sleepwear industry and reach new heights together.

Standard nightwear often fails to meet the diverse needs of different individuals. Whether it’s fit, style, or fabric, one-size-fits-all solutions leave many customers unsatisfied. Night Store, on the other hand, provides a much wider range of sizes to minimise the risk that any body types may be excluded from our products. Our team works tirelessly to ensure we have quality, up-to-date stock that’s augmented with new releases to keep customers coming back for more. The customer experience is important to us, and we want to make sure that every client is satisfied with their purchase and their dealings with us. That’s why we maintain a well-trained customer service team to support our customers as much as they need.

Not only do we look to cater to every body type, and ensure our customers get a first-class experience - we’re also conscious about the environment. Our garments are produced to ethical standards, and we’ve committed to minimising waste generated by the shipping process. As a result, we have rolled out recycled packaging across our operations. Moreover, we no longer send packaging slips which has reduced our paper consumption by approximately 40,000 sheets of paper per year. On top of this, have recently replaced all of our plastic mailer bags with naturally sourced paper bags. Night Store wants its clients to be able to enjoy our quality nightwear without feeling guilty about its environmental impact. This is the future of clothing businesses. This is Night Store.

Credit Commentary:
The directors Daniel James and Charlotte Jessica Hawthorne are providing a personal guarantee, which means should the business fail and have insufficient assets within the business to repay the loan, we can look to the guarantor(s) to repay any shortfall on repayment. There have been no CCJs for the business or director.The Equifax score and grade, which we use to assess risk, are based on the 2023 accounts filled, prepared by an accounting firm to ensure the accuracy and reliability of the figures. The company’s total EBITDA is reported at £94k for 2024 and £23k for 2023, which is notably below the requested amount and significantly different from the previous year’s figures. There is a notable increase in Tangible Net Worth from 2023 to 2024, reaching £42k, indicating an improvement in the company’s physical assets which could serve as collateral for borrowing facilities. However, there is a decrease in inventory levels, from £103k in early 2024 to £77k later in the same year. Despite this, the company’s bank statements from previous months show a consistent and positive cash flow, with July average balances being in the four-figure range, which is a positive indicator of liquidity. The DSC ratio is strong at 4.13, but the net gearing ratio of 100% suggests that the company is highly leveraged, relying more on debt than equity to finance its operations. Additionally, the debtor days ratio stands at 56 days, which points to inefficiency in collecting receivables. Lastly, the company has an outstanding mortgage held by Seneca Trade Partners Ltd

Inflation Risk:
The company has stated that inflation will not affect its business. Since the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases