| Min | Max | |
|---|---|---|
| Investment Target | £250,000 | £400,000 |
Interest Rate
|
6.40% | 6.40% |
| Type of Bond | Secured crowdbond | |
|
Term
|
1,800 Days | |
| Type of Repayment | Interest Only | |
| Security Information | The bond is a loan to Seven Spirits Limited with additional security of the second charge on 213-215 Wellingborough Road, NN1 4EF property. The property is valued at £1.6 million with a first charge of just under £1 million. | |
| Minimum Investment | £100 | |
| Sector | Hospitality | |
| Location | Northampton, United Kingdom | |
| Company Number | 07954333  |
|
| IFISA Eligible | YES - This Secured Loan Note is eligible for inclusion in an IFISA |
|
| FSCS Coverage | No | |
Seven Spirit Ltd is an independent bar and restaurant group which currently operates four sites in Northampton: ‘Sazerac’ – a boutique cocktail bar, ‘Old House Northampton’, an English pub and kitchen, 'Lighthouse', an English pub and ‘Department of Meat and Social Affairs’, a bar and restaurant and multi-use venue which stages live music events and is also available to hire for private events. Seven Spirit Ltd has been trading for three years and has grown quickly during this time. Three of the four trading sites in its portfolio are owned by AZ Investments (a Director owned partnership).
The competitive landscape in Northampton continues to develop, with people looking for quality venues to dine and socialise. Seven Spirit Ltd has developed a recognisable reputation over the years for providing, quality venues with exceptional decor, food, drink and service and now filled a growing gap in the market in Northampton for a quality sports venue
Seven Spirit Ltd continues to look for new sites.
Bond and Security
The company is looking to raise a minimum of £250,000 and a maximum of £400,000 through the issue of up to 400,000 £1 bonds. The bond will pay interest of 6.4% pa on a monthly basis with return of principal on maturity (5 years).
The last set of unaudited management accounts up to November 2016 shows that the company has Net Assets of £922,079 and is trading profitably. Included in the figure of Net Assets are Directors Loans of £825,124. The Directors have agreed not to seek repayment of their loans until after the Crowd Bonds have been repaid. The Net Assets before Directors loans are £1,747,203.
While the Bond is the liability of the company it is additionally secured by way of a second charge on the property at 213-215 Wellingborough Road (a copy of the valuation document is attached under the documents section) and a picture of the property is shown below. The property is valued at £1.6 million and has a first charge of under £1 million, with debt-free equity of about £0.6 million.
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Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
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To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
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Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
|
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Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
|
|
|
|
Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
To find out more about this pitch or to ask the Director(s) a question please Join Now or Log in below
|
|
|
|
Discover investment opportunities, support companies you believe in and share their success Take advantage of SEIS/EIS tax relief to minimize your tax and the opportunity to obtain high-interest rates.
With us, you can gain access to great UK companies offering Shares, Crowd Bonds or Digitalised Assets through our easy to use online platform.
| Min | Max | |
|---|---|---|
| Investment Target | £250,000 | £400,000 |
| Interest Rate
|
6.40% | 6.40% |
| Type of Bond | Secured crowdbond | |
|
Term
|
1,800 Days | |
| Type of Repayment | Interest Only | |
| Security Information | The bond is a loan to Seven Spirits Limited with additional security of the second charge on 213-215 Wellingborough Road, NN1 4EF property. The property is valued at £1.6 million with a first charge of just under £1 million. | |
| Minimum Investment | £100 | |
| Sector | Hospitality | |
| Location | Northampton, United Kingdom | |
| Company Number | 07954333 |
|
| IFISA Eligible | YES - This Secured Loan Note is eligible for inclusion in an IFISA |
|
| FSCS Coverage | No | |
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