Established in 2017. A Family-run business dedicated to eco-friendly technologies, championing change. | Greenteck Global

GreenTeck Global is a pioneer in alternative green technologies, offering affordable, sustainable, and energy-conscious solutions that will significantly improve the environment. Founded by David Thurston in 2017, with the goal of educating businesses about the benefits of switching from dangerous chemicals to sustainable methods. They are currently seeking funds for equipment and expansion.

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Pioneering sustainable, energy conscious and cost-effective cleaning technology

I was inspired to start GreenTeck Global after my mother entered a dementia care home. I was determined to provide the home's vulnerable inhabitants with a healthier living environment because of the odours that persisted there and the poor sanitary standards. Combining extensive research with my skills in the design and manufacturing of electrolysis equipment and ozone generators, GreenTeck’s sustainable range of environmentally friendly cleaning products were born.

Trioxygen (O3), which is 100% natural and successfully replaces an ever-increasing dependence on damaging and hazardous chemicals, lies at the core of our solutions. Trioxygen is often referred to as "Mother Nature's own oxidizer" because it is produced naturally. Despite being well known and used internationally for over 30 years, trioxygen is still largely unknown in this country. It is an excellent cleaner, steriliser, purifier, and is beneficial to the environment. The cutting-edge technologies provided by GreenTeck Global bring the "power" of trioxygen to UK businesses and industries, providing previously unheard-of levels of smell, pathogen, and bacterium cleansing and control.

I've been designing and manufacturing trioxygen generators for 10 years, and I've worked in the US, China, and with Ozone Solutions, one of the biggest ozone producers in Central America. I have a wealth of international expertise and a stellar reputation in this highly specialised field. Leading organisations have recognised GreenTeck Global with accreditations. NHS, Gordon Ramsey, and the Ministry of Justice are just a few of our clientele. As a family run business we are dedicated to eco-friendly technologies, championing change is in our DNA. We are currently seeking funds for expansion and equipment.

Credit commentary:
The director is providing a personal guarantee, this means that if the business fails the director becomes personally liable for the loan. The director is a homeowner, however, this does not ensure there are sufficient assets should the loan need to be recovered. There have been no CCJs for the business or director. The director has over 50% shareholding in the company by virtue of shares owned by Green World Technology Ltd, of which C2F has taken a guarantee. The Equifax score and grade, on which we base our assessment of risk, are based on the September 2022 filed accounts. We have performed our assessment on recent financial information, including three-month December 2022 management accounts, which were not available to Equifax. The management accounts show that the three month pre-tax profit was £7,292.14 and net equity was £794,741.72. The bank statements demonstrate reasonable affordability and the accounts remain well in credit.

Inflation Risk:
As the majority of lending to the business is at a fixed rate, they will not be immediately affected by interest rate increases. The directors do not expect to draw money from the business as all capital is vital for the growth of the business.

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