Cooltraxx Ltd www.cooltraxxoutdoor.com
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Offer Information
Min Max
Investment Target £65,000 £90,000
Interest Rate info 9.00% 9.00%
Type of Bond Secured crowdbond
Term info 1,080 Days
Type of Repayment Interest Only
Security Information A debenture over the company with a fixed and floating charge, supported by a personal guarantee from the Director. Furthermore, the company has agreed to acquire Business Protection, Keyman Insurance to cover the bond.
LTV ratio 45%
Minimum Investment £100
Sector Consumer Goods
Location Chessington, United Kingdom
Company Number 07919614
IFISA Eligible YES - This Convertible Loan Note is
eligible for inclusion in the IFISA
Cooltraxx Ltd
CoolTraxx, is an outdoor web retailer offering a specialist range of accessories, equipment, footwear & clothing. Cooltraxx is offering a 3-year, 9% p.a. crowd-bond, secured by a fixed and floating charge on the company, supported by a personal guarantee from the Director.
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About Cooltraxx Ltd

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A Modern Revolution with Traditional Values:

From the start, Cooltraxx has challenged the Outdoor industry with its innovative products. Now, after 6 years of managed growth and the careful development of new ranges, our creative business has reached full maturity and now launches the final phase of its technical footwear, clothing & equipment program that will drive home that continuing challenge. The company seeks bond funding to help implement the necessary upgrades.

This phase includes not only our new ranges of unique and patent (pending) protected heated wearables and our ground-breaking health & fitness electronics but more importantly, two exclusive UK & Ireland Distributor appointments for renowned Italian outdoor footwear brands that rise above the crowd. The company has exclusive agreements with Gronell S.r.l and Garsport S.r.l both of which have been secured. These appointments and the new retail & commercial footwear ranges they bring, add a very large cherry to the cake of an already strong revenue line-up and deliver a clear message to other brands that we will always go the extra mile to deliver that rare mix of innovation and good, old-fashioned values.

By combining the qualities and traditions on which the outdoor industry was founded, with cutting edge technology, lifestyle electronics and innovative heated wearables, Cooltraxx both re-invents the past and sets a new benchmark for the future. 

Cooltraxx is a profitable company.  

 

Financial Status:

Share Capital: £75,000 fully paid as to 750,000 Ordinary ‘A’ shares @ £0.10p

Shareholder Funds: £199,132 Balance Sheet value as at 31.03.2018

Company Valuation: £450,000 - Shares in the opinion of Director can realistically command a premium of 60p per share.

The companies Balance Sheet as at 31.03.2018 includes Stock of £72,027 and Fixed Assets of £98,126.

Cooltraxx has invested sufficient funds over 6 years to develop, patent, produce, test, brand, exhibit and market a product range that has come to define the company’s niche status and set it apart from other PPE suppliers and consumer outdoor brands. 

 

Affordability & Loan Security:

The company is in total seeking £135,000 of which £45,000 is provided by a Director. The balance of £90.000 is being crowdfunded on the platform.  Revenues from Cooltraxx Ltd and Cooltraxx Outdoor operations will provide more than sufficient cash-flow to service interest payments for the current requirement.

Cooltraxx has none-the-less added supplemental revenues as part of its re-structuring program. In 2017, Cooltraxx acquired the existing Facets Retail business. This not only delivered an additional range of compatible winter thermal clothing but also sufficient additional cash-flow to service current debt funding requirement. With year-on-year web sales and card terminal sales totaling more than £50,000, this division has been profitable for the last two years. 

The director’s valuation of the Cooltraxx company at £450,000 together with net assets of £199,132  secured by a fixed and floating charge over the company’s assets form the security for the loan. This will be supported by Director's Personal Guarantee. Furthermore the company has agreed to acquire Business Protection, Keyman Insurance from a third party provider to ensure the bond can be paid back in the event of the business owners passing.

NOTE: The LTV has been based on the book value of the company as at 31.03.2018

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Cooltraxx Ltd directors

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Cooltraxx Ltd Documents

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Offer Information
Min Max
Investment Target £65,000 £90,000
Interest Rate info 9.00% 9.00%
Type of Bond Secured crowdbond
Term info 1,080 Days
Type of Repayment Interest Only
Security Information A debenture over the company with a fixed and floating charge, supported by a personal guarantee from the Director. Furthermore, the company has agreed to acquire Business Protection, Keyman Insurance to cover the bond.
LTV ratio 45%
Minimum Investment £100
Sector Consumer Goods
Location Chessington, United Kingdom
Company Number 07919614
IFISA Eligible YES - This Convertible Loan Note is
eligible for inclusion in the IFISA

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