Flooring Company Seeking Loan in Perth, Australia

The business has grown from a team of 2 in four years ago to a team of around 20 this year. Have experienced growth from AUD 400,000 in year one, AUD 1,200,000 in year two; AUD 2,360,000 in year three, and projected turnover in year four being AUD 4,500,000 (AUD 2,290,000 for the first 2 quarters of this financial year).

A lot of our projects came to fruition last year and so the revenue growth was extremely high due to this.

15 of our team members are installers, while 5 work as estimators and admin teams.

We have over 90 active clients with a large portion of our work being government projects.

The government awards us projects, we act as the sub-contractors and the government guarantees the payment.

We pride ourselves on our business relationships and have over 50 years of experience in commercial flooring both in Australia and parts of Europe.

Supply and installation of resilient flooring (carpets, vinyl sheets, and vinyl Plank) for the commercial market.

Tangible assets - Office set up, cars, equipment for floor grinding, screed pumps, handheld tools worth AUD 70,000, and stock for works not yet undertaken. The value of the stock fluctuates at any given time of the year.

Have a leased warehouse of 200 sq. m. and office of 100 sq. m. within the same location in a quiet industrial area south of Perth. Warehouse area to expand to include an additional 300 sq. m. of warehouse space by end of this month.

Business funded currently via director loans and other short-term loans.

The company has 1 director and shareholder with 100% ownership.