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loanLoan
Capital at risk
24
Months
17.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Wonersh Interiors is an interior design and bespoke soft furnishings business, recently acquired by the present director. Nicola, the present director, has 18 years’ experience running interior design businesses. Based in Farnham, Surrey, Wonersh is dedicated to helping its clients express themselves through their spaces. They cater to, and support, all requests no matter how outlandish or eclectic. They even provide custom curtain-making services.

To be the go-to store for the best interior design in Surrey

Established in 2004 and nestled in the heart of one of Surrey’s prettiest villages, Wonersh Interiors has steadily grown into a renowned interior design studio, working with discerning clients in Surrey, Sussex, Hampshire, London and beyond. We supply beautiful, bespoke, hand-made curtains and soft furnishings, along with world-class furniture and lighting, with an emphasis on superior workmanship and materials.

Inspired by her early years living in Hong Kong and the Far East, Nicky Hayes brings an elegant yet relaxed flair to her designs. Nicky’s approach is to work collaboratively with you, listening to your thoughts and ideas to achieve the look you want. Wonersh Interiors doesn’t have a specific ‘house style’; we design rooms which can be anything from classic or traditional, to contemporary, funky or glamorous. Whatever your style, be it flamboyant and striking or elegant and polished, we will always steer you towards something tasteful that stands the test of time. Typically, our customers have some ideas of their own but look to us for a hand-hold to bring the scheme together. Other customers have no clue where to start and need inspiration from the outset.

Our vision is to become the leading name in interior design by consistently delivering high-quality, personalised service and innovative design solutions. We believe that every space has a story to tell, and it is our mission to bring that story to life through meticulous planning, creative design, and flawless execution. We really care what our customers think, and are proud to not only work collaboratively with our clients, but publish their kind words on our website for future customers to see too. The client experience is one of our core values, and something we’ll continue to champion as our business goes on growing.

Credit commentary:
The directors Nicola, Harry and Teddie Hayes 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. Our assessment of risk is that 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 2022 accounts. The draft accounts provided indicate that the company’s total EBITDA is £11,530, which is not enough to cover the proposed loan. Turnover decreased by 23% between 2022 and 2023 due to the director’s illness and absence from the office. However, the director has mentioned that business operations have returned to normal, and recent bank statements show positive cash flow, indicating a recovery in revenue. The TNW has increased to £39k, showing the company’s financial stability. As there is no debt register, the DSC could not be calculated, but the net gearing ratio of -60% suggests a low financial risk. Additionally, one of the directors is a homeowner with available equity of £416k, which provides a substantial collateral base to cover the loan and further mitigate financial risk.

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.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 25k
Raised
£ 16k
Investors
93
Est close date
Funded 12 days ago in 29 days

Where will the funds go?

Working Capital
£25,000

Key people

Nicola Hayes
Director

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Business brand

Guildford, UK

"To be the go-to store for the best interior design in Surrey"

Incorporated
11 years, 8 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.