The company is based in the United Kingdom, specialising in the production and retail of cosmetics and toiletries. They have established operations in the United Kingdom, offering wholesale of a wide range of products for commercial clients.
• They have been established since 2017
• Employing over 30 staff
• Taxes paid in 2018: £569,033.00
• Taxes paid in 2019: £578,016.00
• Profit in 2019: £2,464,175.00
As the Covid-19 pandemic keeps raging across Europe and governments continue searching for the best way to tackle the crisis and contain the spread, there are several sectors in the economy that are rushing to fill the growth in demand for certain products. One such group of products is the disinfectants and sanitisers.
Taking into account the matter of urgency in the market due to the significant demand for production, the company is looking to raise funds to buy the necessary materials in bulk, as this will allow for a more efficient distribution of the sanitisers to their client base. This way they will be able to acquire the necessary disinfectants and sanitizers and start delivering these as soon as possible.
The amount they are looking to raise will cover the costs of buying the sanitiser, as well as the cost of purchasing the containers to be filled with the disinfectant and sanitiser.
• Taking into account the matter of urgency in the market due to the significant demand for production, the company decided to join hands with TFGcrowd once again to raise €300,000 financing, with a minimum target of €150,000.
• Annual interest rate of 26.4%
• Pay it out in monthly payouts throughout
• The loan term of 18 months
The following pledges secure the loan:
• Personal guarantee of the Borrowers’ shareholders & CEO
• Corporate guarantees and Shareholders guarantees
• Wholesale demand from the existing large commercial client base
• Readily available sanitiser to be delivered directly from the producer
• Access to bottle filling facilities that can be used to fill the sanitiser
• Access to supplies of containers suitable for disinfectant and sanitiser filling
• An established company with a proven track record and high turnover
They are at an advantage of being able to fill the demand for hand sanitizers fast, as they have producers at stand-by, ready to supply the necessary quantity of hand sanitiser, and also have access to filling facilities that can fill bottles of 100 ml, 500 ml, and 3/5/20 litre capacity. And what is even more important – they have existing demand from commercial clients.
The company has decided to join hands with TFGcrowd to fund this urgently required project as they see this as yet another extension of our existing wide range of products offered to commercial clients that will be carried on even after the current health crisis subsides, as people will become accustomed to using disinfectants and sanitisers and will include them in their everyday routine.
CNN Business reports that according to Adobe Analytics, which tracks sales at 80 of the top 100 online retailers in the United States, online sales of "virus protection" items like hand sanitizers, gloves, masks, and anti-bacterial sprays soared 817% in January and February of this year compared to the same period last year. But overall sales of hand sanitiser alone in the U.S. spiked by 1,400% between December and January. On the same note, CNBC reports that sanitizer sales in Italy soared by 1,807% in the week ending February 15, compared to the same week a year earlier. UK sales of hand sanitiser were up a comparatively modest 255% in February from a year earlier with analysts predicting that the sales will not peak for quite some time.
At the same time The Financial Times is reporting that stocks of a vital hand sanitiser ingredient, namely isopropyl alcohol are running low in Europe due to the extreme surge in demand for hand sanitisers because of the coronavirus pandemic. Consequently, prices of isopropyl alcohol have more than doubled and prices for hand sanitisers have spiked.
Restaurants, shops, and public toilets are now equipping their facilities with sanitising hand gels in order to protect their staff and customers, while the World Health Organisation is advising people to wash their hands regularly, as well as use the disinfectants to ensure proper hygiene and drive down the spread of the deadly virus.
This drives the consumption of hand sanitiser to an unprecedented level and leaves businesses struggling to produce the necessary quantities in face of the increased consumption. Anyone with the ability to get their hands-on large volumes of hand sanitiser is at a huge advantage to fill this demand and be able to earn substantial profits. With BBC reporting that even the owner of Luis Vuitton started to produce hand sanitisers at the beginning of the year, one thing is clear – this is a win-win situation in the market.
The demand over the Summer period remained high even as the virus was spreading much slower than in Spring. But the onset of cold weather across much of Europe since September and the consequent surge in Covid-19 cases has sent the demand for hand sanitisers and disinfectants to an all-time high.