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Mon concept habitation

presented by October France

€156,000

4.65%

36 months

B+

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location

Location

Paris, France

activity

Activity

Building & public Works

Company

Created in 2011, Mon concept habitation is active in the building sector. The company, managed by Maxime Gaffory, Nicolas Prats and Vincent Faivre d’Arcier, has 50 employees and is based in Paris.

The company is specialized in the conception and realization of all types of renovation projects (apartments, houses, offices, etc….). The conception is ensured by its various architects and the realization by various employees and a pool of service providers (carpenter, electrician, plumbers,…)

The company which has 2 offices in Paris, operates in Ile de France and Lille. Other cities such as Toulouse, Bordeaux and London are under consideration for future openings.

The company works with a clientele composed mainly of individuals and carries out company projects on occasion.

Project

As part of its development, the company requests 156.000 € to finance the opening of an agency in Lille with refurbishment work and the recruitment of new employees. This project will be realised in the next few months.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

The amount offered on the platform is limited to 76.440€, which is in line with the regulatory limits.

Analyst

With a turnover of 5.682.000 € in 2018 and an experienced team, the company has a good track record combined with an acceptable operating margin.

In recent years, the increase in turnover and profitability is linked to an increase in the number of customers and worksites due to the company’s reputation.

The 2019 landing forecasts a growing turnover of €12 million.

The forecast is based on a growth in turnover in line with previous years

The borrower has a good repayment capacity with a forecast FCCR (Fixed Charge Cover Ratio *) at 1,49 and an excellent financial structure with a positive cash balance.

The analysis of the project leads to a credit rating of B+ and a 4,65% annual interest rate.

*The multiple of FCCR at 1,49 means that the company has a safety margin of 49% relative to its ability to repay its credit maturities.

The expert opinion is given as an indication on the basis of the elements provided by the project holder and information from our databases (External data provider). This opinion is only an element of reflection in the decision making of a lender to participate in the financing of a project.

Strong points:

  • Good historical performance based on diversified client base.
  • Solid repayment ability with a forecasted FCCR of 1,49.
  • Experienced company with quality service.

Points of caution:

  • Construction sector.