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loanLoan
Capital at risk
36
Months
17.5%
apr
Director
guaranteed
Capital at risk
Director guaranteed
Amount
£
You make
£
Minimum investment is £100
Total return
£
Monthly repayments
£

Manta Makes is a small, family-run business operating from Ringwood, Hampshire. The edge of the New Forest is a wonderful place to get ideas going, and one such idea it has helped to generate is Manta Makes. Founded in 2015 by Paul and Samantha, a husband and wife team, Manta started as a wood engraving company to provide custom wedding decorations. Since then it has grown massively, moving from the dining table to the garden shed and now to dedicated premises, with team expansions too!

Wedding/ celebration gifts for all the family!

Paul and I had the idea for Manta Makes whilst on a dog walk in 2015. We realised that my passion for crafting, combined with Paul’s engineering background, could be combined into a brilliant business idea and a lovely adventure for us. The idea quickly solidified and we took to work from our first premises: the kitchen table. As the orders began to pour in we realised we’d have to either move where we ate or move where we conducted business, and the decision was made to migrate to the shed. This proved to be a good choice, and our orders kept climbing. Soon enough, we realised that even the shed wouldn’t be suitable enough premises for us to run our business, so we managed to secure some more permanent and spacious premises for us to operate from.

Driven by passion, we put our heart into everything we do. Our bespoke pieces are carefully created and this we believe helps us stand out from our competitors. The business started with laser engraved wood, making signs, save-the-dates, and table decorations. Now our portfolio has expanded, and includes a variety of gifts such as mugs, jewellery, cushions, and keyrings! We have also made sure to keep a number of our gifts within an affordable price range to ensure that our market reach is as long as it can be. Moreover, we understand that the planet is a precious thing. As a result, we only use FSC-certified wood harvested ethically from sustainable forests. This ensures that Manta Makes is an eco-friendly company that isn’t harming the earth.

Now we are looking to extend our reach further. We are delighted to bring you the opportunity to invest as we enter a phase of expansion. We hope to reach more new customers and continue to grow what was once a little dream. We’re already one of the top UK sellers on Etsy, and we hope to reach new heights with your help! We have over 37,000 Etsy reviews and an average rating of a full five stars! With your support, we can continue to cater to the growing demand.


Credit Commentary:
Our score of medium risk differs from Equifax’s report because our assessment considers Manta Makes' latest business accounts and shows a more accurate performance of the company throughout the year. The director Samantha Mirabelle is providing a personal guarantee, which means should the business fail, and there are insufficient assets within the business to repay the loan, we can look to the director to repay any shortfall on repayment. Looking at the company’s financials show a consistent and positive Cash Flow and sufficient EBITDA that covers the interest and additional debt. The director has a strong financial profile, and the company currently holds an Equifax Report of B+.

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.

X

Business keeps the raised amount even if target is not met.
Loan - product type
Maximum
£ 147k
Raised
£ 60k
Investors
160
Est close date
Funded 1 year ago in 29 days

Where will the funds go?

Refinancing
£73,370
Working Capital/ Marketing
£73,370

Key people

Samantha Mirabelle Riley
Director

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Business brand

Ringwood, UK

"Wedding/ celebration gifts for all the family!"

Incorporated
9 years, 11 months
Credit risk indicator

Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.