| No. | Data | Value | Opt |
|---|
| 421475 | Mills Commercial Finance Limited | |
|
| 421476 | FACT FIND | |
|
| 421477 | Our brokers/advisers are required to have suitable regard for a client’s best interests in any advice given. | |
|
| 421478 | They | |
|
| 421479 | must consequently do their utmost to ensure that they are sufficiently aware of your financial circumstances | |
|
| 421480 | to ensure that their advice is appropriate for your needs. | |
|
| 421481 | The questions here have been specifically designed | |
|
| 421482 | to help the adviser provide advice that meets your needs. | |
|
| 421483 | If, for any reason, you do not answer any or all the questions, or if you fail to provide true and accurate | |
|
| 421484 | information to the best of your knowledge, the advice given subsequently may not be appropriate, as it can | |
|
| 421485 | only be based on the information provided. | |
|
| 421486 | General Data Protection Regulation (GDPR)– Disclosure of Information | |
|
| 421487 | The information given in this document will be retained for reference purposes and will be held in accordance | |
|
| 421488 | with the GDPR. | |
|
| 421489 | The details may be passed to the regulatory authorities and auditors for compliance and the | |
|
| 421490 | product providers to enable them to issue terms. For more information about your personal data, please refer | |
|
| 421491 | to our Privacy Notice (PN) | |
|
| 421492 | General Information | |
|
| 421493 | Company Details | |
|
| 421494 | Company Name: | |
|
| 421495 | Procurement Assist Limited | |
|
| 421496 | Company Address: | |
|
| 421497 | Bridgewater House, North Road, Ellesmere Port, United | |
|
| 421498 | Kingdom, CH65 1AF | |
|
| 421499 | Registered Office Address: (If different) | |
|
| 421500 | Bridgewater House, North Road, Ellesmere Port, United | |
|
| 421501 | Kingdom, CH65 1AF | |
|
| 421502 | Directors | |
|
| 421503 | 1. | |
|
| 421504 | Names | |
|
| 421505 | 1. | |
|
| 421506 | Stephen Booth | |
|
| 421507 | 2. | |
|
| 421508 | Address history (last 3 years) | |
|
| 421509 | 2. | |
|
| 421510 | 4 High Grove Road | |
|
| 421511 | 3. | |
|
| 421512 | DOB ★ | |
|
| 421513 | Cheadle | |
|
| 421514 | 4. | |
|
| 421515 | Shareholding % | |
|
| 421516 | Stockport | |
|
| 421517 | 5. | |
|
| 421518 | Homeowner | |
|
| 421519 | SK8 1NR | |
|
| 421520 | 3. | |
|
| 421521 | 5 January 1965 | |
|
| 421522 | 4. | |
|
| 421523 | 50.00% | |
|
| 421524 | 5. | |
|
| 421525 | No | |
|
| 421526 | Directors | |
|
| 421527 | 1. | |
|
| 421528 | Names | |
|
| 421529 | 1. | |
|
| 421530 | Keith Armstrong | |
|
| 421531 | 2. | |
|
| 421532 | Address history (last 3 years) | |
|
| 421533 | 2. | |
|
| 421534 | 1 Groomscroft | |
|
| 421535 | 3. | |
|
| 421536 | DOB ★ | |
|
| 421537 | Hawarden | |
|
| 421538 | 4. | |
|
| 421539 | Shareholding % | |
|
| 421540 | Deeside | |
|
| 421541 | 5. | |
|
| 421542 | Homeowner | |
|
| 421543 | CH5 3EL | |
|
| 421544 | 3. | |
|
| 421545 | 5 January 1982 | |
|
| 421546 | 4. | |
|
| 421547 | 50.00% | |
|
| 421548 | 5. | |
|
| 421549 | Yes | |
|
| 421550 | 1. | |
|
| 421551 | No | |
|
| 421552 | 1. | |
|
| 421553 | No | |
|
| 421554 | Company Secretary Name | |
|
| 421555 | N/A | |
|
| 421556 | Principle Business Activity | |
|
| 421557 | Procurement Service Provider to UK Public Sector | |
|
| 421558 | Total Number of Employees | |
|
| 421559 | 7 | |
|
| 421560 | Details of any subsidiary businesses | |
|
| 421561 | N/A | |
|
| 421562 | Financial Statements | |
|
| 421563 | Accounts for Previous Year: | |
|
| 421564 | 2022 | |
|
| 421565 | Gross Profit | |
|
| 421566 | £3,616.00 | |
|
| 421567 | Net Profit | |
|
| 421568 | £2,193.00 | |
|
| 421569 | Turnover | |
|
| 421570 | £212,000.00 | |
|
| 421571 | Existing Lending | |
|
| 421572 | Bank Loans | |
|
| 421573 | £0.00 | |
|
| 421574 | Overdrafts | |
|
| 421575 | £30,000.00 | |
|
| 421576 | Debentures | |
|
| 421577 | £0.00 | |
|
| 421578 | Director Loans | |
|
| 421579 | £0.00 | |
|
| 421580 | Invoice Discounting | |
|
| 421581 | £0.00 | |
|
| 421582 | Other Lending | |
|
| 421583 | N/A | |
|
| 421584 | Needs Identified | |
|
| 421585 | Finance Amount: £60,000 | |
|
| 421586 | Term: 4yrs | |
|
| 421587 | Purpose of Borrowing Requested | |
|
| 421588 | Changes to PA fees | |
|
| 421589 | The Procurement Bill received Royal Assent on 26 October 2023 | |
|
| 421590 | and is now the Procurement Act 2023 with a go-live date of | |
|
| 421591 | Monday 28 October 2024. | |
|
| 421592 | Procurement Act 2023 Chapter 54, Part 3, Chapter 2 - Section 38 | |
|
| 421593 | Competitive award Awarding contracts by reference to dynamic | |
|
| 421594 | markets (formally Dynamic Purchasing System) Subsection (2) | |
|
| 421595 | Fees charged by virtue of subsection (1) must be set as a fixed | |
|
| 421596 | percentage to be applied to the estimated value of the awarded | |
|
| 421597 | contract. | |
|
| 421598 | Because of this change in legislation PA have had to change its | |
|
| 421599 | fee structure by replacing a fixed fee model paid by the | |
|
| 421600 | Contracting Authority to a fixed percentage of the contract value | |
|
| 421601 | recovered through the supply chain. | |
|
| 421602 | Fee Recovery Timescales | |
|
| 421603 | Typically, a contract procured using the fixed percentage of the | |
|
| 421604 | contract value method takes 3 months to complete with a | |
|
| 421605 | further month before the first payment is requested from the | |
|
| 421606 | supplier and is subsequently invoiced on 30 day terms. | |
|
| 421607 | This has resulted in invoice to payment period increasing from 14 | |
|
| 421608 | days to 5 months which has caused a significant cash flow issue | |
|
| 421609 | resulting in a shortfall of 3 months operating capital. | |
|
| 421610 | Declaration | |
|
| 421611 | Upon successful funding for your business, a fee per loan/facility received is payable. Mills Commercial Finance | |
|
| 421612 | will invoice you directly for payment to be made upon receipt of your funds. The success fee below only | |
|
| 421613 | becomes payable once the business has received its funds. By signing this Proposal, you are agreeing to the | |
|
| 421614 | success fee outlined below. | |
|
| 421615 | Loan: £5,000-£14,999 = £250 + VAT | |
|
| 421616 | Loan: £15,000-£49,999 = £500 + VAT | |
|
| 421617 | Loan: £50,000 + = £775 + VAT | |
|
| 421618 | By completing and signing this Proposal Form, the Business and its Owners certify that all information and | |
|
| 421619 | documents submitted are true, correct, and complete. This information will be used in order to administer our | |
|
| 421620 | relationship with you and to provide our services to your Business in line with our Privacy Policy. This personal | |
|
| 421621 | information will also be used by Mills Commercial Finance Limited or any of its partners, agents, and affiliates | |
|
| 421622 | for the purpose of conducting credit reference checks in respect of the individuals included on the Proposal | |
|
| 421623 | Form. | |
|
| 421624 | Stephen R Booth[[ESIGN:SIGNATURE1]] | |
|
| 421625 | 18/07/2024 14:31:55 | |
|
| 421626 | Sign ______________________________________ | |
|
| 421627 | b5b56dcac63b86386c5fd7ff25534aa4 | |
|
| 421628 | This document has been securely signed with Doc2 | |
|
| 421629 | TITLE | |
|
| 421630 | Fact Find - Procurement Assist Limited - 2024-07-18 | |
|
| 421631 | CREATED | |
|
| 421632 | Thursday, 18 July 2024 14:29:33 | |
|
| 421633 | DOCUMENT ID | |
|
| 421634 | d2ffc1769cdd5e31ba8d43cacf97f951 | |
|
| 421635 | STATUS | |
|
| 421636 | Completed | |
|
| 421637 | SIGNATORIES | |
|
| 421638 | NAME | |
|
| 421639 | EMAIL | |
|
| 421640 | SIGNED | |
|
| 421641 | SIGNATORY ID | |
|
| 421642 | Stephen Booth | |
|
| 421643 | stephen.booth@procurementassist.co.ukThu, 18 Jul 2024 14:31:55 | |
|
| 421644 | b5b56dcac63b86386c5fd7ff25534aa4 | |
|
| 421645 | DOCUMENT HISTORY | |
|
| 421646 | Thu, 18 Jul 2024 14:29:33 | |
|
| 421647 | Envelope created | |
|
| 421648 | Thu, 18 Jul 2024 14:29:33 | |
|
| 421649 | Signature request emailed to | |
|
| 421650 | Stephen Booth | |
|
| 421651 | (stephen.booth@procurementassist.co.uk) | |
|
| 421652 | Thu, 18 Jul 2024 14:29:59 | |
|
| 421653 | Stephen Booth | |
|
| 421654 | (stephen.booth@procurementassist.co.uk) viewed the document | |
|
| 421655 | 82.30.250.222 | |
|
| 421656 | Thu, 18 Jul 2024 14:31:55 | |
|
| 421657 | Stephen Booth | |
|
| 421658 | (stephen.booth@procurementassist.co.uk) signed the document | |
|
| 421659 | 82.30.250.222 | |
|
| 421660 | Thu, 18 Jul 2024 14:31:55 | |
|
| 421661 | Document has been signed by all parties | |
|
| 421662 | Signing Certificate Page 1 | |
|