Kris Cruisers

Peer-to-business Loans

Chris Clark and his family wanted to take their Datchet based cruiser business to the next level.

Kris Cruisers were keen to refurbish their fleet of luxury boats. Despite a good credit score, the banks were not in a position or willing to help. They have a fleet of 11 luxury cruisers and 20 smaller boats that can be rented out for short day trips or weeklong excursions and can sleep between two and ten people.

Chris Clark, ownere of Kris Cruisers explains his experience and why he turned to Assetz:

“We’ve been trading for 47 years and had what I thought was a great relationship with our bank – we’ve never missed a payment.

“However, when we needed to refurbish some boats on our fleet, our bank abandoned us. We...

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Hampshire Cider Producer Expands with £72,000 Loan from the Crowd

Peer-to-business Loans

Mr Whitehead’s Cider was created by Angus Whitehead ten years ago “with £10k and some help from a couple of friends”, says Angus. Since then it has grown its turnover to nearly £1m and Angus employs experienced local people in a market he is very passionate about.

His company produces a range of ciders, vinegars and juices and is based near Alton, Hampshire. Now it is set to expand after securing a loan of £72,000 from the lenders of rebuildingsociety.com.

The loan will be used to complete the relocation of the business, which supplies cider to major supermarkets and nati...

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Boost Provide Cash For Company to Surf for new Stock

Peer-to-business Loans

I started the business in October 1990 after previously having a surfing-orientated retail business for two years. Originally the company comprised one store of approximately 2,000 square feet but it's now three stores of a total of 6,000 square feet, all in Newquay. Although Newquay is a seasonal town, we have made an effort to stay open every day of the year except Christmas Day.

I originally raised money for the much smaller surf store in 1988, with a deposit of £5,000. I did it by saving every penny I had over a period of 18 months to achieve that deposit in order to get the business moving.

Back in 1990, ...

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FundingKnight Calms the storm at Lake Inns & Leisure

Peer-to-business Loans

Reason for the loan? expansion and refurbishment

Number of lenders in loan? 129

Trading as Countryman Inns, Nick Lake runs a chain of nine public houses through his company Lake Inns & Leisure Limited, based near Redruth in Cornwall. He employs between 60 and 80 people at any given time.

Due to storm damage sustained earlier last year, Nick needed to carry out some urgent repair work on a number of his pubs – plus he needed to carry out some routine refurbishment and renovation on some of his other outlets. Naturally, his first thought was to approach his bank to ask for the necessary finance. H...

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Tag Happy to Play the Crowdlending Game

Peer-to-business Loans

Games with frontiers. LendingCrowd gets into gear.

We were delighted to have helped Tag Games raise £150,000 of capital for new product development and the commercialisation of its technology suite.

Tag is a leading developer of mobile, tablet and handheld video games with a range of global clients including Square-Enix, Ubisoft and Electronic Arts.

As one its first crowdfunding projects, the Scottish crowdfunding platform is pleased to have worked with Tag. The debt finance behind LendingCrowd will be used to fulfil the company’s expansion plan which CEO Paul Farley said would otherwise have held the business back.

He stressed:

“...

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Archover Solves Credit Problem

Peer-to-business Loans

Founded in 1994, TruTac is a market leading logistics software company.

Their core business is analysing tachograph data from road haulage and passenger carrying vehicles. Records are analysed in accordance with strict EU and GB regulations. TruTac makes managing compliance easier for all fleet sizes and sectors.

The Problem

TruTac used an invoice discounting facility for 19 years, which was proving to be an expensive form of credit. The company was looking for a better solution.

Solution

TruTac found ArchOver, a P2P lender, and sought a loan of £100,000 to reduce credit costs. The loan was spread over a 24-month period and funding was secured within a mont...

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Assetz Provide New Homes for Horses

Peer-to-business Loans

Alison and Clive Worker wanted to convert an abandoned waste ground to an equine centre but needed the funds to do so.

After trying a number of high street banks the couple turned to Assetz Capital to raise the finance and thanks to 330 investors, they managed to raise £152,000 to help them start their business.

The Workers wanted to provide stables for rent and before the business had even launched they already had a waiting list.

Potterspury Equine Centre, in Milton Keynes, will also provide care for horses that are recuperating, rider training and courses in horse husbandry, as well as collection, delivery and transportation of horses.

With t...

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Funding Circle Lenders Put New Thrill Experience on the Water

Peer-to-business Loans

Peer-to-peer lending helped a powerboat experience company widen their list of attractions.

Saber Powersports offer adventure experiences on their fleet of powerboats off the coast of Southampton. They needed to raise finance so they could purchase a new engine for one of their boats, helping the business to grow.

Simeon Penn has been racing powerboats for over 25 years and both him and his father are both ex-National Champions. Simeon now runs Saber Powerboats out of Sharock Quay, Southampton.

In May, they took out a business loan of £20,000 through Funding Circle, which was f...

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Archover Helps Food Suppliers Money Starvation

Peer-to-business Loans

Nibblers was established 15 years ago to bring quality snacks to pubs and wine bars, which have long been restricted in their offerings. They now supply a range of quality nuts, olives, crisps and other products to an extensive range of customers throughout the UK.

Nibblers count many of the leading managed pub group estates, hotel groups, theatre groups, casinos, ferry companies and over 1,000 individual outlets among their customers.

Over the last two years, Nibblers have invested in their own individual pot packaging machine producing their own exclusive brand, which currently includes 14 different products.

The compa...

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Trade River Helps Company Stay Green

Peer-to-business Loans

Company Profile

Name: GreenHomes Ltd

Sector: Renewable Energy Importer

Turnover: £20,000,000

Staff: 65 employees spread across three workshop/warehouses and HQ

Location: Nottinghamshire, UK

Company Description:

GreenHomes provides both full scaled packages for home owners and businesses looking to lower the carbon footprint of their premises, lowering their need for power from the national grid and also manufactures solar panels for wholesale to companies across the UK. With the bespoke aspect of the business, sites are remodelled to include clean, renewable electricity-generation solutions, tailored to each site and the spe...

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Plumen

Peer-to-business Loans

An energy efficient lighting company felt pushed away by the bank so turned to Growth Street for the finance that they needed to grow.

Plumen Ltd established four years ago with the aim of converting the world to using low energy lighting and has seen the company grow very quickly.

What Co-founder Michael-George Hemus found was that many people didn’t find the original energy saving bulbs to be too pleasing on the eye so their first step was to find something that people would like to use in their homes without feeling embarrassed.

There turned out to be a very simple solution for this and their first product was a redesign of the original bulb by shaping them it in different ways. Plumen began selling in the UK but soon found themselves...

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Personal Approach is Key for STS Storage

Peer-to-business Loans

A storage company who had a long relationship with a bank finally built up the courage to turn to alternative finance and couldn’t be more pleased with the outcome.

STS Storage, who is owned by International Controlled Atmosphere Ltd., is an expert in the design, installation and maintenance of cold storage technology.

The storage company had built a solid reputation over the years and wanted to enhance these recent successes in a new market by getting a £60,000 loan to support their growth. STS would also look to add an additional engineer to their team.

Tony Drew, Finance Director of International Controlled Atmosphere Ltd. said:

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Simulity Turns to BMS Finance for Working capital

Peer-to-business Loans

Earlier this year BMS Finance provided £1.5m of senior debt finance to the telecommunications company, Simulity Labs Limited in its latest successful loan deal.

Simulity is a leading smart card solutions provider to the wireless communications industry and were founded in North Wales in 2009. Alongside its offices in Cape Town and Kuala Lumpur the company employs 35 people and run by a proven management team.

The telecommunications company provides SIM cards and associated software to a wide range of wireless telecoms companies operating in South America, Europe, the Middle East and Asia together with a recent win in th...

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Life Made Easier for Dyrhoff Thanks to Ebury

Peer-to-business Loans

Trade financing platform, Ebury, has stepped in to help a design and manufacturing company purchase goods in a more efficient way.

Dyrhoff UK Ltd specialises in the design and supply of inflatable rubber dams and spillway gates for infrastructure projects. The company has been involved in the rubber dam business since 1989 and in the spillway gate business since 1997.

The company has a long-standing relationship with their US supplier with who they had previously purchased goods using letters of credit as an assurance of payment.

Despite this way being a strong form of guarantee, it is also costly and inflexible. Due to the trus...

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