The Finances
Joint Venture Partners initially make a partner loan to the business of up to £30k. Companion Care (Services) Limited will match the partner loan. The remainder of the finance required is borrowed by the business via a bank loan guaranteed by the partner(s).
Due to the strong relationship Companion Care (Services) Ltd has with its bank, the whole process of raising the finance is made easy with partners benefitting from low interest rates and repayment holidays.
Typically the loans are repaid over 5-6 years but they can be paid earlier with no penalty fees charged.
Once the loans are repaid the partners receive all the profits from the company in the form of dividends. If they then want to sell the A shares to a new partner they can do this and they are entitled to the full value of the A shares on sale.
Listen to Jane explain the financial aspect of Joint venturing
The details on this section (Vet Partners) of the Companion Care website are intended to give a brief overview only of the potential opportunities a Joint Venture Partnership with Companion Care could bring. For comprehensive details about our Joint Venture Partnerships either in brand new locations or by purchasing the 'A' shares of existing locations please contact Companion Care (Services) Limited.
Prospective Joint Venture Partners should satisfy themselves of any matters that they are unsure of before entering into a Joint Venture Agreement with Companion Care (Services) Limited including taking independent legal and financial advice.
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