loanLoan
Capital at risk
24
Months
12.0%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Young Save provides a portfolio of apprenticeships across a variety of sectors, both private and public. Managing Director, Mark Clelland recruits, develops and retains the very best talent providing them with an environment where everyone is valued and thrives. They are seeking funds for expansion and working capital.

Provides leading businesses with skills through Apprentices and Training.

We are a business that have been trading since 1983 becoming a Limited Company in 1993 with a comprehensive portfolio of apprenticeship delivery across many sectors both private and public sector. We have contracts with the Department for Education to deliver apprenticeships from Level 2 up to Level 7 Master’s Degree standard.
 
We have a Good rating with Ofsted and build very good relationships with all of our customers, hence having a very good level of repeat business. We are constantly developing and expanding the business into other training areas with plans to have our own garage workshop for motor vehicle apprenticeship delivery, our own salon for hairdressing and beauty qualifications, working in the support into employment area and contracts with local councils for community learning. We anticipate a high level of apprenticeships in the next academic year whilst growing the business in other areas.

We always strive to exceed the expectations of our clients, whether from business, government, or the not-for-profit sector, and provide the highest quality service and training insight. We pride ourselves on our approachable, collegial, and team-based culture, and the commitments we make to our people and the wider world.

Credit commentary:
The director is providing a personal guarantee, this means that if the business fails, the director becomes personally liable for the loan. The director is a homeowner, 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 director. In 2021, admin costs were £394,255 and other operating income was £23,081. In 2020, admin costs were £491,402 and other operating income was £45,706. The admin expenses in the financial table below includes other operating income. The Equifax score and grade, on which we base our assessment of risk, are based on the 2021 accounts. We have performed our assessment on recent financial information, including recent management accounts, which were not available to Equifax. As of June 2022, the management accounts show that the year to date profit before taxation was £108,963 and net equity was £260,239. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

Covid resilience:
Despite many challenges faced due to COVID presented challenges to the business Young Save Ltd. were able to prove good resilience with an increase of 130k in the year ending July 2022. We anticipate this to grow considerably for year ending July 2023.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 53k
Raised
£ 53k
Investors
124
Est close date
Funded 13 days ago in 8 days

Where will the funds go?

Working Capital
£26,595
Expansion
£26,596

Key people

Mark Stephen Clelland
Director

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Business brand

Sunderland, UK

"Provides leading businesses with skills through Apprentices and Training."

Incorporated
29 years, 6 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.