Money&Co. is all about bringing people together with businesses. Today, we have a new business seeking lenders on our platform. Please take a look, and form an opinion.
Olsen Doors & Windows Limited has passed our rigorous credit-analysis process with a B rating. Its current indicative yield is 10.4 per cent, and the offering has got off to a flying start with 13 per cent of the £250,000 sought already funded.
The company is a family business, run by John Simpson, who has been in the industry for over 40 years, and his son Matt.
Below, we reproduce some of the detail about the loan offering. 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 Olsen Doors & Windows. To see the full loan offer detail, you need to register or login.
"Olsen imports a wide range of double and triple glazed, high performance engineered, laminated timber doors and window systems, mostly from its own design and specification. Products include pocket doors, extended tracks, panorama doors, moving corner posts and window systems to match. The business supplies the entire construction industry and works with architects, builders including national names such as McCarthy & Stone, and home owners for whom domestic insurance is offered. Installation is only carried out by approved and registered installers. The company's website www.olsenuk.com provides fuller information.
"The business generated net profit of £99K and EBITDA of £129.5K on sales of £3.5M in its last filed accounts to 31.3.14."
The company describes itself as "strongly profitable". For full financial detail on its profit record and the profit forecasts for the coming years, please login.
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Risk - Please Read
*** 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.