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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Read our full Risk Warning
Offer Closed
Fta Furnishing Limited

Projected net return: 8.91% per year

Term: 36 months

Target: £125,000

Min target: £66,500

Amount raised: £66,900

54%
£100 minimum investment
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FTA Furnishing Limited

Household goods retailer

FTA Furnishing Limited (incorporated on 24th October 2014) (FTA) is a well-established independent furniture retailer located in Nottingham, UK. Products include a full range of furniture including beds, mattresses and home furniture, full range of stock can be found on the company website: www.ftafurnishing.org.

Faisar Akhtar, is the founder and Director of FTA since 2014 and has a track record of working in the furniture industry. He has a Bachelor of Science (BSc) in Networks and Security from the University of Derby.  

Murabaha SPV 10 Ltd. is a Special Purpose Vehicle (SPV) formed to provide finance to FTA in the form of a commodity murabaha agreement. The investors are issued B shares in the SPV that provides the onward financing to FTA. Additional details are in the attached Information Memorandum document. You should read all available information before deciding to invest. 

The returns for each investor will depend upon the amount of capital contributed by that investor (i.e. on a pro-rata basis). Payments consisting of profit and principal instalments will be made each month on a pro-rata basis over the 36 month tenor as per the payment schedule defined in the attached Information Memorandum document.  The forecast profit rate of 12% gross per annum is the aforementioned profit margin that represents the SPV's return. 

FTA is seeking growth capital of up to £125k to purchase inventory and working capital. The finance facility will allow the company to negotiate favorable prices with its main suppliers by placing larger stock orders. Note, if only the minimum target is reached, the funds will be used in the same way.

Revenues for the year ended up to 31 August'21 is c.£1.41 million. The company traded well in FY21 despite the global Covid-19 pandemic and continues to remain profitable driven by low operating leverage. Gross profit margin increased in FY21 to 21% whilst EBITDA margins remained stable at 3%.  

Fixed assets mainly include PPE at their warehouse located in Nottingham. See company website for full list of stock.

Past performance is not a reliable indicator of future results.

The UK Furniture, Lighting & Homeware Retailers is worth c.£15bn and is estimated to grow by c.2.3% in FY21. Homeware and office ware are anticipated to be the best performing markets as individuals continue to work from home and repurpose rooms and their functions to accommodate for remote working, exercising, education, entertainment and relaxation.