SANS PAREIL CLOTHING

Why did I start Sans Pareil? I realised that one of the things that the fashion and clothing industries struggle to cater to is streetwear. High street shops often focus on “fast fashion” or cheap clothes, and so I resolved to set up Sans Pareil to provide quality streetwear in a market that shied away from it.

When it comes to fashion, people don’t always think of Britain. Sans Pareil was founded in the hopes of changing that. Our clothes are made with premium fabrics, and most of our pieces are designed right here in the UK. Through this we hope to live up to our name, and produce unmatched clothing for our customers. Our range of garments is extensive, including overshirts, jackets, and shorts. Most are available in popular streetwear colours, and we offer a mix of practical, pocketed clothing alongside more clean and stylish designs. That is by no means to say that our garments aren’t all stylish though. Our target market consists of fashion-forward millennials and Gen Z individuals who embrace urban culture, and seek unique, high-quality streetwear that aligns with their values and personal style.

Forward-thinking, urban streetwear is our identity and our goal. We aim to stay on top of the fast moving trends and keep ourselves relevant. Most of our garments are designed to fit those trends, blending simple colour with clean lines and a dash of utility. Our Military Cargo Pant is one of our best-selling products. People love fashion, but they also love pockets! In a world where relevance can be fleeting, we won’t be forgotten or another five-minute wonder. That’s why we regularly introduce new product drops, and reach out across all of our marketing angles and social media platforms to keep our customers up to date on what our new releases are. We have 112 five-star reviews on Trustpilot, this is a testament to the brand and the company we have built. Thanks to our express shipping, have an international audience. We are currently raising funds for growth and expansion.

Credit Commentary:
The company is providing a debenture as well as a personal guarantee from the Director Chris Bamber, 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. The director has a medium financial profile, and the company still holds an Equifax Report of A for the two years trending. Our credit assessment states a low-level risk rate given the business's good financial management, looking at their turnover increased by 81% compared to last year and their Debt Service Capacity is above 1 meaning it will be sufficient to cover the proposed loan. The funds will be used for stock purchase and working capital. The director can be traced for several years with no issues.

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.

Note: After a talk with Sans Pareil’s director, C2F and Sans Pareil agreed on updating the values that are reported on the Company’s Campaign from what is reported on Companies House. The changes on the current account from the year 2022 are due to an amendment on the stocks and this will be updated on Companies House data. For 2023 we have updated the company Management account since according to the director there was a glitch with their accounting system and now the values are updated with the correct ones. The updated values had a minimum change on the company's risk profile and maintained the same level of risk, since C2F considers other variables to assess their risk, like Equifax Score, consistency of their Cash Flow and director’s financial risk to mention a few. Be assured the values will be corrected on Companies House filing accounts. Taking the changes into account, our initial assessment of risk remains the same.