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loanLoan
Capital at risk
36
Months
18.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

WFST is a fire safety organisation that has been in operation for over 25 years. They provide reviews, training, and certifications for businesses and their fire safety procedures. They are an accredited SFJ awards centre, and ISO 9001:2015 approved. They are mostly staffed by serving and former fire officers, all of whom are eager to bring their experiences to businesses to improve their fire safety standards.

To provide fire safety solutions cost effectively and with integrity.

I founded WFST with the intention of providing fire safety solutions to businesses without overwhelming expense. Fire safety is extremely important, and there are tragedies in recent memory that make it all the more important to ensure that businesses have comprehensive fire safety plans and have a good level of fire safety training amongst their staff. I knew I was the man for the job, as I had previously served 12 years within the Fire Service.

I am not the only former member of the Fire Service helping keep WFST going. Much of the company is made up of serving and former fire officers like myself. We realised that all of our expertise could go into increasing fire safety and helping to reduce fires and fire related casualties. All of our Design staff have even provided courses to UK military design and development standards. WFST operates off of eight core principles: Professionalism, Integrity, Confidence, Excellence, Vision, Service, Respect, and Flexibility. With these values at the heart of the business, we make sure to deliver the highest quality fire safety solutions to businesses great and small. We are a well-trained and experienced organisation who prioritise fire safety above all.

We are a certified and accredited SFJ awards centre, as well as being ISO 9001:2015 approved. Our courses are also in line with the Defence System Approach to Training (DSAT) quality standards. We are also proud to work with some extremely well known businesses and organisations, including the NHS, J. D Wetherspoon, and Heathrow Airport. Our services range from risk assessments to fully tailored fire training for all employees and even for Fire Marshals / Wardens. Our accreditations and portfolio make us a top pick for corporate fire safety, something our clients agree with.

Credit commentary:
The directors Neil Flynn and Philip Dean 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. Both directors show good credit profiles. Looking at their recent annual accounts, the company’s net profit is at £130k, this is an increase of more than £70k compared to last year’s net profit. This is due to an increase in sales and cost reduction. The company’s EBITDA is sufficient to cover the proposed facility. Finally, the last three month’s bank statements show a consistent and positive cash flow. Considering the current mitigants the company has enough capabilities to afford and cover the proposed loan.

Inflation risk:
The business advised that they have not been affected by higher input costs yet. As most of the lending to the business is at a fixed rate, they will be not affected by the current interest rates.
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Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 54k
Raised
£ 0
Investors
0
Est close date
Funded

Where will the funds go?

Working capital
£27,174
Cashflow
£27,174

Key people

PD
Philip Dean
Director
NF
Neil Flynn
Director

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Business brand

London, UK

"To provide fire safety solutions cost effectively and with integrity."

Incorporated
4 years, 3 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.