Just Loans was formed in November 2012 to provide a unique corporate lending and investment service.
Just Loans was founded in order to enter the commercial loan market and help fill the gap on funding that is experienced today by so many SMEs.
The executive team is supported by non executive directors who bring a wealth of business experience.
We intend to raise funds from cash investments by private individuals together with ISA, SIPP and Occupational pension fund investors.
The funds will be raised by the creation of a 7.5% secured 3 year debenture loan stock. It is intended that the debentures will be quoted initially on the GXG MTF stock market and then move to the GXG Regulated market on the issue of a full prospectus. The ordinary shares which are majority owned by its founders and partners will be quoted on the GXG MTF market Our strategy is to lend to other lenders which help businesses and individuals that, for whatever reason, find it difficult to raise loan finance through more traditional means. The nature of the loans means that they would be classified as higher than normal risk and as such will generate a higher rate of return. Just Loans will generally seek a return of 12-15% on its loans.
The Just Loans team has been strategically formed so that it can add value to the companies in which we lend and invest into. Unlike many corporate lenders, we are not a group of financiers or business school colleagues with similar backgrounds, but rather a group of experienced business builders that combine expertise in finance, operations, marketing, sales, product development to go along with traditional general commercial and business expertise.
The Company believes that the main flow of deals will originate from corporate finance intermediaries, accountants, lawyers and other professional firms with whom the Company and the directors are in contact.
The director's consider that the Company's income will come from the following sources:
The Company will ensure that its loans are all repayable within 3 years and look to exit most of its investments within a 1 to 5 year period, either through redemptions, a management buy-out, trade sale or listing on a recognised investment exchange ("IPO").
This will ensure that the company will be in a position to be able to redeem the debentures at the due time.
The Debentures will carry a fixed coupon of 7.5 % per annum.
The Company intends to apply as soon as reasonably practicable to GXG Markets for the Debentures and the Company's ordinary shares to be admitted to trading on the GXG MTF market and shortly afterwards, on issue of a full prospectus, for the Debentures to move to GXG Regulated Market.
GXG's market solution has been specifically designed to provide SMEs with a more competitive market quotation that utilises proven and robust trading systems. GXG's MTF market provides companies with a relatively cost effective access to a public quotation of the Company's shares that has rules that are less onerous than the GXG Regulated Market. Companies looking to join the MTF must appoint a corporate adviser and the company's corporate adviser is Alfred Henry Corporate Finance Limited.
GXG operates a Regulated Market that is authorised and regulated under the same EU legislation as all existing UK and European Regulated Markets. As with other markets in the UK all trades are placed through the market via FSA authorised and regulated stockbrokers.
Trades are then cleared and settled via Euroclear/Crest in the same fashion as they would be on any other exchange. The proposed listing on GXG Markets is intended to provide Debenture holders with access to a marketplace that can be used to sell their holdings prior to the redemption date should they need to do so.
The Company's board has a wide range of relevant experience and business building skills. Brief biographical details of the Directors are set out below.
Eric Peacock has a wide experience of growing businesses and enterprise value.
He is currently Chairman of Baydonhill Plc, Buckley Jewellery Ltd, Halo International Furniture, Stage Technologies Ltd and The Boxford Group.
He has wide international experience having worked in USA, Canada, France, South Africa, Australia, New Zealand and Ireland.
Robin is a highly experienced director and a founding director of Axis International Limited. He is a Fellow of the Institute for Turnaround and was previously Chairman of The James Hull Group Ltd, Dartington Crystal Group Limited, JR Industries Holdings Limited, Permali Gloucester Limited, Shepley Windows Systems (Holdings) Limited, Clares Retail Equipment Limited, Prime Time Group Limited and UPP Projects Limited.
Robin has successfully grown and sold a number of businesses in the service and manufacturing sectors and is a capable Chairman and non-executive Director.
Robert qualified as a Chartered Accountant in 1971. He has considerable commercial experience with particular experience in the sustainable, corporate finance, construction and IT industries. Robert has been a director of a number of Plus and AIM companies in both executive and non-executive roles and has been directly involved in listing two companies on AIM and three companies on PLUS.
Robert has been involved in the management of companies and the purchase or sale of listed and unlisted companies in Europe, Middle East, Asia, Australia and North America. He has considerable experience of early stage businesses and has been responsible for the implementation of accounting and reporting systems.
Robert has been a member of the Bank of England's Panel for South London since 1997.
John Davies is the founder of the Company. John is a serial entrepreneur with experience in managing companies, both in Europe and America. He is a respected speaker and commentator on both property and business matters, having been involved in the investment industry since the early 1980s.
John has a pragmatic approach to business investment and growth focused on maximising the Company's investments. John's vision, experience and creativity enable him to develop innovative solutions for his investors, relevant to the current political, financial and legislative environment.
In 1992 John was awarded the CBI's Effective Communication Award. He has also written books on technical subjects such as the Consumer Credit Act 1974 and Capital Allowances Act 2001.
Lord Razzall qualified as a solicitor in 1969 becoming a partner of Frere Cholmeley Bischcoff in 1973, and Chief Executive in 1990 before leaving in 1995 to set up corporate finance specialist Argonaut Associates where he remains a partner.
In 1974, the then Edward (Tim) Razzall was elected to represent the Mortlake Ward on the London Borough of Richmond where he served as a Liberal Democrat Councillor for 24 years and as Deputy Council Leader between 1983 and 1996. He became Treasurer of the Liberal/Liberal Democratic Party in 1987 holding the position until 2000 after which he Chaired the Liberal Democrats General Election Campaigns of 2001 and 2005.
In 1997 he was raised to the peerage as Baron Razzall of Mortlake, and from 1998 to 2010 he held the post of Liberal Democrat Spokesperson for Trade and Industry/Business, Enterprise and Regulatory Reform. He is now Co-Chairman of the Parliamentary Committee for Business Innovation and Skills.
In addition to a long and successful political career, Lord Razzall has over 35 years' corporate finance experience, and has developed a reputation for his expertise in multinational and cross border transactions. Today he holds directorships in a number of SMEs, in a wide range of industries including in particular, financial services, property and mining.
John McLellan is an Associate of the Institute of Bankers in Scotland.
John is a specialist in providing technical and business consultancy within Credit, Collections and Risk sectors. Since 2009 he has run his own consultancy business, Unsub Associates Ltd, which has undertaken various projects across Pan-European Financial Services providers to optimise performance and reduce costs. Prior to starting his own business John held senior management positions with Aktiv Kapital (UK) Ltd, Cabot Financial (Europe) Ltd and Royal Bank of Scotland.
At Aktiv Kapital (UK) Ltd John reported to the Chief Executive Officer and executive team and was responsible for the development of a strategic plan to create an 'alternative' and 'quasi consumer' Debt Sale market.
At Cabot Financial (Europe) Ltd John was responsible for the future strategic and current sales objectives of the business. Reporting to the Managing Director and executive team John managed business development pricing through competitive analysis to optimise revenue.
John is a former Director and Council member of the Credit Services Association.
Just get in touch if you would like further information.