LANDLORD`S - wpclimited.co.uk

LANDLORD’S
INFORMATION
PACK
What is Automoney?
A short term consumer finance company founded in the USA in the 1980s by Rod
Aycox who is CEO of Quickclick Loans Ltd trading as Automoney.
Automoney is continuing to reshape the UK log book loan industry into a more
consumer-friendly, professional, reputable and ultimately profitable business.
The company currently trades from 25 locations (see Appendix 1 – Existing Stores) with
5 other properties under offer with plans to open a significant number of outlets
throughout 2012/2013.
US Company History
Rod Aycox opened his first few stores in Georgia and Alabama before taking on
partners to increase his capital. With his new partners he opened around 220 more
offices across the USA.
At this point Rod Aycox split from his existing partners to found Select Management
Resources LLC, the US parent company of Quickclick Loans Ltd.
This business now trades from in excess of 750 units across the USA and is still
expanding.
The professional high profile branding of Select Management Resources LLC in the
USA will be replicated by Automoney throughout the UK.
UK Management/Company Structure
Automoney is the trading name of Quickclick Loans Ltd, a company registered in
England in 2006, company registration number 05881155 with its registered office at
Russell House, Oxford Road, Bournemouth, Dorset BH8 8EX.
Trading commenced in October 2009 with the opening of the first UK store in Southport.
Whilst the majority shareholder of the UK business is Rod Aycox, the business is run on
a daily basis by Marion Goodman who is General Manager of UK Operations of
Quickclick Loans Ltd.
Trading Style
Quickclick Loans Ltd trades as Automoney.
The business aims to provide short term consumer finance in easily accessible
professionally run high street/edge of town centre locations initially in the North of
England but ultimately across the UK and Ireland.
In terms of marketing, the business utilises its prominent/highly visible locations and
bold signage/branding to advertise its presence in any given location together with
press, radio and coming soon, TV advertising.
Please see www.auto-money.co.uk where you can watch the latest TV advert.
Trading Format
Automoney in both its high street and edge of town centre locations has sought and
seeks to establish its vibrant brand identity through its bold coloured signage and
intentionally transparent professional office fit outs.
A copy of the standard office fit out specification and typical finishes floor plan can be
found in Appendix 2.
Automoney seeks to work with landlords to considerably improve each property they
occupy - a selection of ‘before and after’ photographs is included in Appendix 3. A
typical shop fit costs £20/30,000.
Property Requirements
With 25 branches trading and 5 under offer several more under negotiation, Automoney
are seeking lots more new branches to open in the next 12 months.
A copy of the Automoney current requirement flyer is in Appendix 4.
Financials
Whilst Quickclick Loans Limited was established in 2006, trading commenced with the
opening of Southport in October 2009. Below is an abbreviated copy of the Balance
Sheet dated 31 July 2011 – a full copy of account is available on request:
QUICKCLICK LOANS LIMITED
BALANCE SHEET (UNAUDITED)
31 JULY 2011
COMPANY NUMBER: 05881155
Notes
£
2011
2010
£
£
885,715
380,948
FIXED ASSETS
Tangible fixed assets
2
CURRENT ASSETS
Debtors
3
Cash at bank
CREDITORS: Amounts falling due within one year
4
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: Amounts falling due after more than one year
5
763,831
289,180
187,885
58,272
951,716
347,452
(2,350)
(2,350)
949,366
345,102
1,835,081
726,050
(6,201,210)
(2,000,584)
(4,366,129)
(1,274,534)
CAPITAL AND RESERVES
100
100
Profit and loss account
(4,366,229)
(1,274,634)
SHAREHOLDERS’ FUNDS
(4,366,129)
(1,274,534)
Called up share capital
6
IT IS ESSENTIAL FOR LANDLORDS TO NOTE THAT THE UK BUSINESS HAS NO
BANK BORROWINGS WHATSOEVER WITH ALL FIT OUT AND ASSOCIATED SET
UP COSTS, INCLUDING MEDIA COSTS BEING INJECTED BY ROD AYCOX AND
THE US PARENT COMPANY, SELECT MANAGEMENT RESOURCES LLC.
References
Bank:
Royal Bank of Scotland
High Holborn
London
WC1V 6PQ
Account Name: Quickclick Loans Ltd
Ref: Michael Williams
Email: [email protected]
Tel: 0207 290 4602
Trade:
1. Projex Building Solutions Projex Solutions
One Brewery Wharf
Waterloo Street
LEEDS LS10 1GX
Ref: Barry Graham
Email: [email protected]
Tel: 0113 242 1672
2. Clear Space Marketing
Oak House
Tiffield Road
Gayton
NN7 3HH
Ref: Pat Burrows
Tel: 01604 859 636
Professional Team
Automoney, its principals and its advisors look forward to working with the UK landlords
in its aim to transform UK log book lending and would be happy to answer any further
questions.
General Manager – UK Operations
Marion Goodman Esq
139 Eastbank
Southport
PR8 1DQ
Solicitors
Jeff Gillbanks
Brabners Chaffe Street
Horton House Exchange Flags
Liverpool
L2 3YL
Email: [email protected]
Tel:
0151 600 3000
Email: [email protected]
Property
Simon Williams
Williams Property Consultants Limited
15 Victoria Street
WETHERBY
LS22 6RE
Solicitors
John Beckett
Milners Solicitors
Crown House
85-89 Great George Street
Leeds
LS1 3BR
Tel:
01937 585750
Email: [email protected]
Web: www.wpclimited.co.uk
Tel:
0113 380 1885
Email: [email protected]
Project Manager
Barry Graham
Projex Building Solutions Ltd
One Brewery Wharf
Waterloo Street
LEEDS LS10 1GX
Planning Consultants
Rob Crolla
Indigo Planning
36 Park Row
LEEDS
LS1 5JL
Tel:
0113 242 1672
Email: [email protected]
Tel:
0113 380 0270
Email: [email protected]
[email protected]
APPENDIX 1
Existing Stores
EXISTING STORE LOCATIONS:
Town:
BARNSLEY
Address:
46 Sheffield Road
Barnsley
BLACKPOOL
161 Lytham Road
Blackpool
FY1 6DN
BOLTON
Unit 2 Pilot Industrial Estate
Manchester Road
Bolton
BL3 2ND
BRADFORD
800 Harrogate Road
Bradford
BD10 0QS
Photo:
BURNLEY
56 Church Street
Burnley
BB11 2DL
BURY
399 Rochdale Road
Bury
BL9 7DB
CLEETHORPES
93 Grimsby Road
Cleethorpes
DN35 7DD
DENTON
(MANCHESTER)
177 Hyde Road
Denton
Manchester
M34 3DW
ELLESMERE PORT
66 Whitby Road
Ellesmere Port
CH65 0AA
Awaiting photo.
HUDDERSFIELD
55 Lockwood Road
Huddersfield
HD1 3UK
HULL
77a Beverley Road
Hull
East Yorkshire
HU3 1XR
HUYTON
73 Liverpool Road
Huyton
L36 3YB
LEEDS
122 Potternewton Lane
Leeds
LS7 2EG
(Closed – in process of being
re-located)
LEEDS
577/579 York Road
Leeds
LS9 6NH
LIVERPOOL
282-284 Breck Road
Liverpool
L5 6QB
MANCHESTER
164 Stockport Road
Manchester
M13 9AB
MANCHESTER
1119 Ashton Old Road
Unit 2 Tower Mills
Manchester
M11 1AA
PRESTON
76 Blackpool Road
Preston
PR2 6BX
PRESTON
39-41 Ormskirk Road
Preston
PR1 2QP
SHEFFIELD
City Road
Sheffield
S2 1GJ
SHEFFIELD –
NORTH
253 Halifax Road
Sheffield
S6 1AD
SOUTHPORT
139 Eastbank
Southport
PR8 1DQ
ST HELENS
2 Prescott Road
St Helens
WA10 3UB
WAKEFIELD
102 Doncaster Road
Wakefield
WF1 5JF
WARRINGTON
147 Mersey Street
Warrington
WA1 2BN
YORK
11 Hull Road
York
YO10 3JL
APPENDIX 2
Standard Specification
&
Typical Floor Plan
SCHEDULE OF WORKS
Generic
Date:
Ref:
Prepared by:
Checked by:
Issuing Office:
Projex Building Solutions LLP
49 Great George Street
Leeds
LS1 3BB
For and on behalf of:
Quick Click Loans Ltd
139 East Bank Street
Southport
PR8 1DQ
Contents
Section 1
Section 2
Section 3
Section 4
General Items
Fit-out Works - Office
Fit-out Works – Ancillary Area
Electrical Works
APPENDICES
APPENDIX 1
Drawings
Page No
1
3
4
5
1.0
GENERAL ITEMS
1.1
Contractor to price all works to include for all necessary Health & Safety
requirements including all aspects of Construction (Design & Management)
Regulations 2007 (CDM Regulations).
1.2
Contractor to provide all necessary Health & Safety clothing including hard
hats etc. Additional safety clothing is to be retained on site for use by any
visitors.
1.3
Notify Management and Contract Administrator of working arrangements and
working hours.
1.4
The contractor is to undertake all measurements onsite as necessary to fully
price the specification of works required.
Access
1.5
Allow scaffolding access to the perimeter of the property where required,
ensuring access and egress routes are maintained throughout the works.
Scaffolding should be provided with hoarding at ground level, kickboards,
rails and sheeting throughout.
1.6
Access platforms or lifts should only be erected and operated by trained
personnel. Handrails and harnesses should be provided and used at all
times.
Plant and Equipment
1.7
Provide and maintain all temporary plant etc, necessary to carry out the
works.
1.8
Ensure all skips located on-site are covered and locked out of hours, due to
site being open.
Statutory Regulations
1.9
Allow for complying with all local authority, statutory requirements for the
access and general working arrangements.
Site Safety
1.10
Allow for providing all protection necessary to safeguard the public, staff and
visitors at times during the course of the works.
Product handling and Storage
1.11
Materials should be stored in a dry store. Any damage or damp materials as
a result of being left out overnight will be condemned and removed from site.
1
Workmanship
1.12
All workmanship and materials are to be no lesser standard than those laid
down in the current British Standards Specification and Codes of Practice
where they exist and fully in accordance with current Building Regulations
and the requirements detailed in the manufacturer’s instructions & guidelines.
Building Occupation
1.13
The contractor is to note that all surrounding buildings will
remain occupied during the course of the work. All
reasonable precautions must be taken to minimise noise, dust
and general inconvenience from the works.
Builder’s Clean
1.14
On completion of all works the contractor is to carry out a full builder’s clean
of the property leaving ready for occupation by incoming tenant.
2
2.0
2.1
2.2
Fit out Works – Office Area
Contractor to erect stud wall (3.5m) as per Projex Drawing PL (02) 22 Rev A
using softwood timber framing or equal and approved. Lined both sides with
British Gypsum 12.5mm wallboard ensuring all joints are fully taped and
skimmed ready to receive decoration.
Supply and install oak veneer timber single door set with glazed vision panel
including frame, architraves and ironmongery.
Ironmongery specification:1Set Back to back, brushed anodised aluminium pull handles,
1No brushed anodised aluminium over head closer
2No brushed anodised aluminium kick plates
2No brushed anodised aluminium 60mm diameter FDKS signs.
2.2
Supply and install Armstrong Prelude 24 exposed suspended ceiling system
to ground floor high level ceiling providing floor to ceiling height of 3m as per
Projex Building Solutions Drawing Ref PD (03) 19 Rev A.
2.3
Supply and fit Armstrong fine fissured 600x600mm square edge suspended
ceiling tiles as per Projex Drawing PD (03) 19 Rev A.
2.4
Supply and fit Dextra Pace XL 600x600 recessed light fitting within
suspended ceiling grid as per Projex Drawing PD (03) 19 Rev A.
2.5
Supply and fit Dextra Pace XL 600x600 (Emergency)recessed light fitting
within suspended ceiling grid as per Projex Drawing PD (03) 19 Rev A.
2.6
Fully line office internal walls to a height of 3.2m with 12.5mm British Gypsum
wallboard (dot & Dab) ensuring all joints are fully taped and skimmed ready
to receive decoration.
2.7
Decorate existing MDF bulkhead to the front elevation with 1No Primer coat
and 2No coats of Leyland paint eggshell (colour: Brilliant white).
2.8
Decorate office internal walls with 1No mist coat and 2No coats of Leyland
paint vinyl matt emulsion (colour: Magnolia).
2.9
Supply and fit Howden joinery 96x15mm pencil round profile MDF skirting to
office perimeter wall.
2.10
Decorate MDF skirtings with 1No Primer coat 2No coats of Leyland paint
eggshell (colour: Brilliant white).
2.11
Supply and fit Kircman & Dolman 500x500mm carpet tiles in linear pattern
throughout office (Range: Illusion Colour: Decadent)
2.12
Provide and lay entrance barrier matt (1x1.5M)
2.13
Contractor to allow for the coordination of the installation of the service
counter provided by ????.
Contact details - ????
Address - ????
3
3.0
3.1
Fit out Works – Ancillary Area
Construct stud partitioning (2.8m) forming Approved Document M Compliant
accessible W/C as per Projex Building Solutions plan ref PL (02) 22 Rev A,
(Minimum internal dimensions 1500x2200mm) using softwood timber framing
lined both sides with British Gypsum 12.5mm wallboard ensuring all joints are
fully taped and skimmed ready to receive decoration.
3.2
Sanitaryware to be Armitage Shanks Peninsular Care Pack including all
associated grab rails. Allow for all service connections for both mains water
and sewage. Provision for pull cord alarm system.
3.3
Supply and install Non slip vinyl floor including perimeter upstands etc.
3.4
Decorate internal wall with 2No coats of Leyland paints vinyl matt emulsion
(colour: Magnolia)
3.5
Supply and install timber doorset (paint grade) minimum clear opening
1000mm
3.6
Decorate doorset with 1No Primer coat 2No coats of Leyland paint eggshell
(colour: Brilliant white)
3.7
Contractor to erect ½ height timber stud partition lined with 12.5mm to both
sides joints to be taped and skimmed ready to receive decoration as per
Projex Drawing Ref PL (02) 22 Rev A
3.8
Contractor to supply and install new kitchenette as per Projex Drawing PL
(02) 22 Rev A (Howden 600 range) ensure 600mm space left between
drawer line units to house future appliance.
Specification:1No 800 Drawer – Line sink base unit
1No 800 Drawer – Line base unit
1No Stainless steel single sink (SNK0080 R Drainer)
1Pair cross-head pillar taps
1No 38mm thick laminated worktop (blackstone)
100x100mm white ceramic tile splash back
3.9
Supply and install Armstrong Prelude 24 exposed suspended ceiling system
providing floor to ceiling height of 2.4m within W/c as per Projex Building
Solutions Drawing Ref PD (03) 21 Rev A.
3.10
Supply and fit Armstrong fine fissured 600x600mm square edge suspended
ceiling tiles.
3.11
Supply and fit Rombus emergency light recessed light fitting within
suspended ceiling grid as per Projex Drawing PD (03) 21 Rev A.
3.12
Contractor to allow for all plumbing connection to new kitchenette utilizing
existing capped services.
3.13
Contractor to fully prepare existing concrete floor within back of house area
prior to decoration with Leyland heavy duty floor paint (Nimbus Grey - 10 A
03).
3.14
Supply and fit surface mounted light fittings as per Projex Drawing PL (03) 19
Rev A.
3.15
Supply and fit emergency surface mounted light fitting as per Projex Drawing
PL (03) 19 Rev A.
3.16
Decorate all blockwork walls with 2No coats of Leyland paint vinyl silk
4
emulsion (colour: Brilliant white).
4.0
Electrical works
4.1
Contractor to replace existing distribution board with new larger distribution
board to suit proposed electrical requirements as per Projex drawing ref PD
(03) 19 Rev A and PD (03) 20 Rev A. Include for connection of existing
electrically operated roller shutters.
Contractor to install new lighting circuit to incorporate new lighting
arrangements as per Projex drawing ref PD (03) 19 Rev A
4.2
4.3
Contractor to install new power circuit to incorporate new small power
arrangements as per Projex drawing ref PD (03) 20 Rev A.
Note: Indicative desk layout only.
4.4
Contractor to install new fire alarm system in order to provide a minimum
Type M fire alarm system.
4.5
Contractor to supply and install electric instantaneous hot water heater
beneath new kitchen sink.
4.6
Contractor to supply and install 5No Dimplex PLX range (or equal and
approved) electric panel heaters as per Projex drawing PD (03) 20 Rev A.
5
SUMMARY TABLE
£
1
GENERAL ITEMS
2
FIT OUT WORKS - OFFICE
3
FIT OUT WORKS – ANCILLARY AREA
4
ELECTRICAL WORK
CARRIED FORWARD TO FORM OF TENDER £
p
APPENDIX 3
Before and After Photomontage
Store – 139 Eastbank, Southport
Internal – prior to fit out
Store – 139 Eastbank, Southport
Internal – following fit out
Store – 139 Eastbank, Southport
External – Before and After
Store – The Grove Village, Manchester
Internal – prior to fit out
Store – The Grove Village, Manchester
Internal – following fit out
Store – The Grove Village, Manchester
External – Before and After (before signage fitted)
Store – 11 Hull Road, York
Internal – prior to fit out
Store – 11 Hull Road, York
Internal – following fit out
Store – 147 Mersey Street, Warrington
Internal – prior to fit out
Store – 147 Mersey Street, Warrington
Internal – following fit out
Store – 147 Mersey Street, Warrington
External – Before and After (before signage fitted)
APPENDIX 4
Automoney Property Requirement
On behalf of Automoney we are seeking more units that meet the following criteria:
Target Locations:

Busy / highly visible roadside locations /
neighbourhood parades – close to existing
retail

Traffic lights junction

3 / 4 on site car parking spaces or a free car
park immediately adjacent

Minimum 550 sq ft (max 1,000 sq ft)

All leases to be 15 years with breaks at end of
rd
th
th
3 , 5 and 10 years

Fixed uplifts at years 5 and 10

Market rentals paid

A2 planning or 100% probability of achieving
in 3 / 4 months

25 units trading

5 under negotiation
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York
Internal View
PETERBOROUGH
NORWICH
GREAT YARMOUTH
KING’S LYNN
BOSTON
SPALDING
NORTHAMPTON
CAMBRIDGE
IPSWICH
COLCHESTER
BURY ST EDMUNDS
NEWMARKET
DERBY
NOTTINGHAM
BIRMINGHAM &
SUBURBS
COVENTRY
LINCOLN


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CREWE
NANTWICH
STOKE ON TRENT
NEWCASTLE UNDER
LYME
CHESTER
LANCASTER
STAFFORD
SHREWSBURY
TELFORD
WREXHAM
BIRKENHEAD
CHESTERFIELD
SCUNTHORPE
MABLETHORPE /
SKEGNESS
DONCASTER
BINGLEY
LINCOLN
GRANTHAM
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Wakefield
Bradford
Leeds, York Road
Please email details as soon as possible to [email protected]
See www.wpclimited.co.uk to download pdf of Landlord’s Information Pack