Globavista Loan Comes Online With 'A' Rating


GobavistaScreenSmaller

As one door closes, another opens. The £500,000 B-rated loan offer by soft furnishings manufacturer, Ultimate 99, is 81 per cent funded, and will close in nine days. Meanwhile, we are pleased to welcome a new £500,000 loan offer on site.

Globavista has obtained an A rating from our credit-analysis process, and is seeking a four-year loan. The indicative gross yield is currently 8.5 per cent.

Below, we reproduce some of the detail about the loan. We have used our best efforts to ensure that this information is correct, but we do not warrant that this is the case. These representations come to you directly from Globavista. To see the full loan offer detail, you need to register or login.

Globavistalogo

"[Globavista] commands an international reputation for developing sophisticated asset monitoring solutions in remote, secure and/or hostile environments, be it 1,500 miles offshore, on mountain peaks or in desert environments. Its clients include DEFRA, Heathrow Airport, the Volvo Ocean Race, British Aerospace and the Kuwaiti security forces. Globavista was originally born out of the Racal defence business 30 years ago and has been a cash-cow for a series of technology companies ever since, most recently Masternaut Ltd.

"Globavista trades with 100+ clients on a recurring basis; initially on a project basis and supported by service contracts for years thereafter. Such support contracts are customarily renewed by reflex. Sercel is the single largest customer contributing 35 per cent of sales on the back of a 7 year contract which will be renewed. AON has agreed to pay a premium for exclusive rights to distribute Globavista technology for application in kidnap/recovery insurance operations as they think it is a powerful differentiator for them.

"Globavista has contracted orders of £1.6M over the next 4+ years backed up by a £15 million pipeline of well qualified prospects. The order book and the prospect pipeline is expected to support growth of 10 per cent in 2015 and accelerating as sales of Globavista's Big Data applications prosper with the growth of the Internet of Things. Globavista is adept at helping organisations interrogate their extremely large and unwieldy data sets (Big Data) for the gems of intellegence that drive shareholder value. This capability is powerful against the backdrop of the Internet of Things (inanimate objects communicating with other inanimate objects without human intervention), an enormous market ranging from smart televisions to F1 racing cars to satellites growing at 35 per cent p.a."

M&CLogo

Risk

*** It is very important that lenders appreciate that, while we vet loan offerings very carefully, lending carries risk. Please read the risk warnings on our Home page, and in our Frequently Asked Questions. See also this video, which explains more about lending, including the potential benefits of spreading capital across a range of loans to lower risk.



FOLLOW MONEY&CO. ON TWITTER

Search news

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More news

2019
MarchFebruary
January
2018
DecemberNovemberOctoberSeptemberAugust
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
MayMarchFebruary

Search blogs

You may put double quotes around your search to search for literals. Max. 4 words inside quotes (dashed words count as one word).

Allowed symbols: " ' & -

More from blogs

2018
2017
2016
NovemberOctoberSeptemberAugustJulyJuneMayMarchFebruaryJanuary
2015
DecemberNovemberSeptemberAugustJulyJuneMayAprilMarchFebruaryJanuary
2014
DecemberNovemberOctoberSeptemberAugustJulyJune



Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.