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Increase of working capital
100% Funded

100%
100%
Need:0.00€
Min.:0.00€
Interest rate:14%
Period:18 months
Target: 123 149€
Min. target: 40 000€
Opens: 2019/12/13
Expires: 2019/12/30
Type: Specialized
Location: Manchester, UK
Investments: 770

Summary

UK based transportation company is planning to raise expansion capital to lease 6 new units of Mercedess Benz Actros heavy trucks.

The Borrower is an active company incorporated on 11 October 2013 with the registered office located in 207 Liverpool Road, Manchester, UK.

Orange Square Transport Ltd has been running for 6 years. Currently company manages 6 units of new, fully insured Mercedess Benz Actros heavy trucks, and on 01.11.2019 received a licence to increase fleet up to 12 units of heavy trucks.

The Borrower provides logistics services for the transportation of cargo by road in territory of United Kingdom. Orange Square Transport has been a subcontractor to international logistics company LKW WALTER Internationale Transportorganisation AG for 5 years.

Since mid 2019, Orange Square Transport has managed to start cooperation with new clients including - Royal Mail Group which is a postal service and courier company in UK established in 1516, Sainsbury which is third largest chain of supermarkets in UK, with 15.3% share, Knauf and Walsted. As a result of new cooperation partners, Borrower is planning to to lease 6 new units of Mercedess Benz Actros heavy trucks.

Current investment opportunity offers CROWDESTOR investors to make a loan with 14 % annual interest rate which is paid every month.

Minimum target to be raised in CROWDESTOR platform is EUR 40 000,00 and the maximum target is EUR 200 000,00.
 

Loan

Minimum target: EUR 40 000,00.
Maximum target: EUR 130 000,00.
Loan term: 18 months.
Interest rate: 14 % per annum.
Interest payments: paid monthly.
Loan repayment: In full at the end of the Loan Term.
Crowdestor BuyBack fund: Yes
 
Remember - interest rate payments start calculating from the day you make your investment!
 

Security

During the period while loan is issued by CROWDESTOR to the Borrower:

1) CROWDESTOR has delegated a person as board member of the Borrower and all strategic decisions related to business has to be approved by CROWDESTOR.

2) Shares of the Borrower are held on behalf of CROWDESTOR until Loan is fully repaid.  

 

The Project

Orange Square Transport Ltd is an active company incorporated on 11 October 2013 with the registered office located in 207 Liverpool Road, Manchester, UK. Orange Square Transport Ltd has been running for 6 years.

The Borrower manages 6 units of new, fully insured Mercedess Benz Actros heavy trucks, and on 01.11.2019 received a licence to increase fleet up to 12 units of heavy trucks.

The Borrower provides logistics services for the transportation of cargo by road in territory of United Kingdom. Orange Square Transport has been a subcontractor to international logistics company LKW WALTER Internationale Transportorganisation AG for 5 years.

Since mid 2019, Orange Square Transport has managed to start cooperation with new clients including - Royal Mail Group which is a postal service and courier company in UK established in 1516, Sainsbury which is third largest chain of supermarkets in UK, with 15.3% share, Knauf and Walsted. As a result of new cooperation partners, Borrower is planning to to lease 6 new units of Mercedess Benz Actros heavy trucks.

Lease agreement includes full truck warranty for a period of 2 years and trucks are fully insured which eliminates the risk of unexpected expenses regarding technical problems or accidents.
 

Financials

It is expected to increase the fleet per 1 heavy truck starting from January 2020 and to reach operational 12 trucks in June 2020.

Orange Square Transport has been working with an average monthly milage of 5600 miles per one truck per month totaling 500 000 paid miles made in 2020 with an average rate of 3.6 GBP par mile.

The turnover is expected to reach a turnover of 1 778 000 GBP in year 2020. Working with 15% profit margin profit expected to reach 268 000 GBP (320 000 EUR) by the end of 2020.  

 

In annex:

  • Certificate of incorporation
  • Licence of 12 trucks to engage in international carriage of goods by road
  • Certificate of registration for Value addex tax

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