| No. | Data | Value | Opt |
|---|
| 419414 | COMMERCIAL FINANCE PROPOSAL | |
|
| 419415 | For | |
|
| 419416 | Prepared By | |
|
| 419417 | Sarah Moseley (sarah.moseley@afsuk.com, 0333 015 3301) | |
|
| 419418 | Date | |
|
| 419419 | 27/06/2024 | |
|
| 419420 | Deal ID | |
|
| 419421 | 314949 | |
|
| 419422 | APPLICANT | |
|
| 419423 | Name ★ | |
|
| 419424 | Construction Electrical Systems Limited | |
|
| 419425 | Address ★ | |
|
| 419426 | Suite L3 | |
|
| 419427 | South Fens Business Centre, Fenton Way | |
|
| 419428 | Chatteris Cambridgeshire PE16 6TT | |
|
| 419429 | Phone | |
|
| 419430 | 07979802992 | |
|
| 419431 | Email | |
|
| 419432 | matt@hingsltd.co.uk | |
|
| 419433 | Website | |
|
| 419434 | Legal Form | |
|
| 419435 | Limited Company | |
|
| 419436 | Sector (SIC Code) | |
|
| 419437 | 43210 - Electrical installation | |
|
| 419438 | Year Established | |
|
| 419439 | 2005 | |
|
| 419440 | Company Registration No. | |
|
| 419441 | 05479976 | |
|
| 419442 | VAT No. | |
|
| 419443 | Gb 861169026 | |
|
| 419444 | FCA Permission No. | |
|
| 419445 | Applicant Contact(s) | |
|
| 419446 | Directors, Partners and Proprietors ★ | |
|
| 419447 | Addresses | |
|
| 419448 | Mr Matthew Hawkes | |
|
| 419449 | Home - Owner | |
|
| 419450 | 16a Stowgate | |
|
| 419451 | From | |
|
| 419452 | Present | |
|
| 419453 | Peterborough Cambridgeshire PE6 8RW England | |
|
| 419454 | Phone | |
|
| 419455 | 07979802992 | |
|
| 419456 | Date of Birth | |
|
| 419457 | 20/08/1975 | |
|
| 419458 | Nationality | |
|
| 419459 | British | |
|
| 419460 | Marital Status | |
|
| 419461 | ☑ Search Consent | |
|
| 419462 | ☑ Automated Processing | |
|
| 419463 | ☑ Privacy Notice | |
|
| 419464 | Stocking & Cropping | |
|
| 419465 | STATEMENTS | |
|
| 419466 | ☐ I have seen the Applicant (Borrower) face-to-face. | |
|
| 419467 | ☑ The Applicant (Borrower) has consented for searches to be carried out. | |
|
| 419468 | ☐ The Applicant (Borrower) does not anticipate any change in their circumstances. | |
|
| 419469 | BANK DETAILS | |
|
| 419470 | Account Holder | |
|
| 419471 | Construction Electrical Systems LTD | |
|
| 419472 | Bank Name | |
|
| 419473 | Natwest | |
|
| 419474 | Account Number | |
|
| 419475 | 28625587 | |
|
| 419476 | Sort Code | |
|
| 419477 | 54-21-38 | |
|
| 419478 | IBAN | |
|
| 419479 | Years at Bank | |
|
| 419480 | FINANCING DETAILS | |
|
| 419481 | Finance Type | |
|
| 419482 | Loan - Non-Regulated | |
|
| 419483 | Product Type | |
|
| 419484 | Commercial Loan | |
|
| 419485 | Loan Period | |
|
| 419486 | 12 Months | |
|
| 419487 | Funding Profile | |
|
| 419488 | 12 Months | |
|
| 419489 | Page 1 of 4 | |
|
| 419490 | Item | |
|
| 419491 | Value | |
|
| 419492 | Loan Amount | |
|
| 419493 | £100,000.00 | |
|
| 419494 | (i) Advance Repayments | |
|
| 419495 | £0.00 | |
|
| 419496 | (ii) Additional Repayment | |
|
| 419497 | £0.00 | |
|
| 419498 | Total Initial Payment, (i) + (ii) | |
|
| 419499 | £0.00 | |
|
| 419500 | Amount to Finance, Loan Amount - Total Initial Payment | |
|
| 419501 | £100,000.00 | |
|
| 419502 | Repayments | |
|
| 419503 | 12 x £12,021.92 | |
|
| 419504 | Balloon Payment | |
|
| 419505 | £0.00 | |
|
| 419506 | COMMENTS | |
|
| 419507 | Page 2 of 4 | |
|
| 419508 | Background: | |
|
| 419509 | Construction Electrical Systems LTD specialises in providing comprehensive Temporary Electrical, Lighting, and Waste/Water Services and | |
|
| 419510 | Supplies. Their team consists of experienced, trustworthy electricians and operatives who have undergone meticulous vetting, ensuring they can | |
|
| 419511 | work on high-security construction projects for their clients. | |
|
| 419512 | Their Services: | |
|
| 419513 | They offer customised electrical and lighting solutions tailored to the specific needs of your construction site. Their team also installs temporary | |
|
| 419514 | sewage pumping stations and sewage pipework to maintain efficient waste management on-site. Additionally, they provide fire evacuation systems | |
|
| 419515 | available for contract hire, ensuring the safety and compliance of your construction site. Their site visits and surveys help them conduct thorough | |
|
| 419516 | site assessments to understand and fulfil their clients' requirements effectively. | |
|
| 419517 | They build custom distribution panels to meet their customers' specific power demands and needs. Their hire items include site battery charging | |
|
| 419518 | banks, fan heaters ranging from 2.7-22kW, and temporary sewage pumping stations. | |
|
| 419519 | Certifications and Accreditations: | |
|
| 419520 | Accredited by SSIP, Constructionline, and SMAS, their team of experienced multi-skilled operatives is dedicated to delivering top-notch temporary | |
|
| 419521 | electrical, water, and waste services, ensuring your construction site runs smoothly and efficiently. | |
|
| 419522 | Project: | |
|
| 419523 | Construction Electrical Systems Ltd. is seeking funding to support our ongoing pipeline of work. This amount is essential to cover the costs of | |
|
| 419524 | materials, staffing, training, fuel, vehicle maintenance, insurance, and other related expenses. | |
|
| 419525 | Construction Electrical Systems Ltd has built a strong reputation in the industry for delivering high-quality electrical solutions for construction projects | |
|
| 419526 | of all sizes. Construction Electrical Systems Ltd have an extensive workbook of pending jobs ready to commence, reflecting the high demand for our | |
|
| 419527 | services. However, their current financial constraints are temporarily hindering progress, preventing us from capitalising on these opportunities. | |
|
| 419528 | Detailed Breakdown of Funding Needs: | |
|
| 419529 | Materials: To ensure timely project completion, we need to purchase high-quality electrical materials and equipment. This includes wiring, circuit | |
|
| 419530 | breakers, lighting fixtures, and other essential components. | |
|
| 419531 | Staffing: Recruitment of skilled electricians and support staff is critical. Construction Electrical Systems Ltd also need to retain our current workforce | |
|
| 419532 | by providing competitive salaries and benefits. | |
|
| 419533 | Training: Continuous training programs are necessary to keep their staff updated with the latest industry standards, safety protocols, and | |
|
| 419534 | technological advancements. | |
|
| 419535 | Fuel and Vehicle Maintenance: Our operations require a fleet of vehicles for transporting materials and personnel to various job sites. Funding will | |
|
| 419536 | cover fuel costs and regular maintenance to keep their vehicles in optimal condition. | |
|
| 419537 | Insurance: Comprehensive insurance coverage is vital to protect business, employees, and clients from unforeseen events and liabilities. | |
|
| 419538 | Miscellaneous Expenses: This includes office supplies, administrative costs, and other operational expenses that are essential for smooth business | |
|
| 419539 | operations. | |
|
| 419540 | Securing this funding will enable Construction Electrical Systems Ltd to: | |
|
| 419541 | Meet Project Deadlines: By ensuring that all necessary resources are available, they can complete projects on time and maintain our reputation for | |
|
| 419542 | reliability and efficiency. | |
|
| 419543 | Enhance Service Quality: With adequate training and high-quality materials, they can continue to provide top-notch electrical services. | |
|
| 419544 | Expand Operations: The additional funds will allow them to take on more projects, thereby increasing our market share and profitability. | |
|
| 419545 | Sustain Employment: By securing the jobs of our current employees and hiring additional staff, they can contribute positively to the local economy. | |
|
| 419546 | The funding will not only help Construction Electrical Systems Ltd maintain their current operations but also enable them to grow and meet the | |
|
| 419547 | increasing demand for our services. | |
|
| 419548 | We are confident that with your assistance, Construction Electrical Systems Ltd. will continue to thrive and set new standards of excellence in the | |
|
| 419549 | industry. | |
|
| 419550 | Financials: | |
|
| 419551 | Construction Electrical Systems Ltd's turnover in 2022 was £836,395 and increased to £850,816 in 2023, showing a growth of £14,421, which is | |
|
| 419552 | approximately 1.72%. Additionally, the company's tangible assets increased from £76,071 in 2022 to £107,622 in 2023, marking a rise of £31,551, or | |
|
| 419553 | about 41.46% | |
|
| 419554 | Summary: | |
|
| 419555 | Mr Matthew Hawkes is a home owner and is happy to act as a personal guarentor for this application. Valuation of residential property of £1,200,000 | |
|
| 419556 | and a mortgage balance of £686,000 | |
|
| 419557 | SOURCE | |
|
| 419558 | Page 3 of 4 | |
|
| 419559 | By submitting this proposal I confirm that to the best of my abilities all the information provided on this form is true and accurate as provided by the | |
|
| 419560 | customer. The customer has been informed that this information will be disclosed to lenders for the purpose of considering this credit application. | |
|
| 419561 | The customer has given their permission for Asset Finance Solutions (UK) Ltd. to pass this information onto third party finance houses for the | |
|
| 419562 | specific purpose of ascertaining their credit worthiness and are aware that lenders may use this information to carry out searches with credit | |
|
| 419563 | reference agencies. | |
|
| 419564 | Asset Finance Solutions (UK) Ltd is an appointed representative of AFS Compliance Ltd which is Authorised and regulated by the Financial Conduct | |
|
| 419565 | Authority No 625035 | |
|
| 419566 | Head Office: AFS Compliance Ltd, Greenbank Court, Challenge Way, Greenbank Business Park, Blackburn BB1 5QB, Registered in England No | |
|
| 419567 | 05365369, Financial Conduct Authority No 625035 | |
|
| 419568 | Page 4 of 4 | |
|