£45,000 · 36 mo · Term loanPurpose: CNC router + working capitalVia Meridian Finance BrokersAuto-decision: refer · rule R-112 (3+ short-term lenders)02:14:07 to SLA
Companies House
11482093StatusActive
Incorporated12 Mar 2016 · 10y 7m
SIC43320 Joinery installation
Registered officeUnit 4, Calder Park, Wakefield WF2 7AA
Last accounts31 Mar 2026 · filed on time
Confirmation stmtDue 14 Mar 2027
Turnover (filed)£498k (+11%)
Net assets£86.4k
Officers
Samuel OkaforDirector · PSC 75%since 2016
Grace OkaforDirector · 25%since 2019
Charges
Lloyds Bank plc · all-assets debentureOutstanding
Close Brothers · asset financeSatisfied 2024
ID, KYB & bureau
KYB · company verified
Companies House + HMRC VAT 291 4471 08
Samuel Okafor · passport
Liveness 0.98 · address match Experian
Grace Okafor · driving licence
Liveness 0.96 · address match
Sanctions & PEP · 3 parties
ComplyAdvantage · 09:13
Bank account ownership
Name match on Barclays ••4417
Fraud signals
New device; IP consistent with WF2
742
Experian commercial
0
CCJs · 6 yrs
891
Director consumer
Cashflow · Open Banking · 12 months
Barclays · synced 09:12Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
CreditsDebitsAug dip: Barratt invoices paid 19 Sep
£41.3k
avg credits/mo
£12.8k
avg balance
1.62×
DSCR
2
days overdrawn
Existing lenders detected
| Iwoca | £720/mo | Weekly DD | OK |
| YouLend | £860/mo | Revenue sweep 10% | Watch |
| Capify | £360/mo | Daily £16.50 | Settle |
Top customers
Barratt Homes 31%Keepmoat 18%Leeds CC 9%Private 42%
Flagged transactions
- 18 Aug · HMRC VAT payment late (£6,212)Late
- 02 Oct · Gambling merchant (£40)Immaterial
AI credit memo
Drafted 09:40 from 14 sources · you decide
Summary. Established Wakefield joinery contractor, 10 years trading, filed turnover £498k (+11%). Requesting £45k over 36 months for a CNC router (£28k quote, Felder) and working capital [1].
Strengths. Credits average £41.3k/mo with low volatility outside August; DSCR 1.62× after proposed repayment [2]. Clean bureau, 0 CCJs, director score 891 [3].
Risks. Three short-term lenders totalling £1,940/mo, of which Capify daily sweeps are most costly [4]. 31% customer concentration with Barratt Homes. One late VAT payment in August.
Mitigants. Settle Capify (£4.1k balance) from proceeds, lifting DSCR to 1.79×. PG from majority director.
[1] Application + quote.pdf · [2] Open Banking 31 Oct · [3] Experian 12 Nov · [4] Transaction categorisation v3
AI risk score
Scoring this application…
Decision
Your mandate: up to £75,000Rate (grade B pricing)12.9% APR
Monthly repayment£1,514.06
Post-loan DSCR1.61×
Conditions
Timeline
- 09:12Submitted by Meridian (broker)
- 09:12ID & KYB checks complete
- 09:13Bank data pulled · 12 months
- 09:13Auto-decision: refer (R-112)
- 09:14Assigned to Priya Kaur
- 09:40AI memo drafted
- 09:41QA sample: no