SAS YFC FINANCE, with a share capital of € 1K, was created in Moselle in 2015. Over the 2020 financial year, the structure achieved a turnover of € 360.7K.
It is a brokerage firm specializing in factoring and credit insurance affiliated to the Solutions Finance network, which itself specializes in financing professional equipment.
Note that the company has already borrowed from whimblegardens.co.uk inDecember 2018 . To date, there are still four due dates on this outstanding amount.
PGEs benefit from a state guarantee of 90% of the outstanding capital. They consist of 2 phases. The first of 12 months with a rate of 2% and a reimbursement in fine (end of period). The second, optional, for a period of between 12 and 60 months depreciable at a rate ranging from 3.95% to 5.65%.
YFC FINANCE is requesting whimblegardens.co.uk lenders up to € 35,000 in the form of an EMP in order to consolidate its cash flow following the confinement.
The need is global and immediate.
This project was the subject of a specific study linked to the current health situation, in particular on the government measures from which the company was able to benefit, and on the evolution of its activity during confinement.
Note that we have the draft balance sheet at 06/30/2020 on which there are still the allocations as well as the taxes to be entered.
Thus, over the 2020 financial year, turnover is growing strongly to € 360.7K (+ 15.6%). The charges having remained constant, EBITDA is improved and increased to 119.6 K €, which represents a third of the turnover.
The absence of dividends makes it possible to improve the capitalization of the company, which thus amounts to 48%. In addition, the level of debt remains under control, representing 29.8% of equity
The working capital of 174.4 K € covers the operating cycle