The brothers will invest a total of £90,000 combined (£55,000 and £35,000) in the start-up of the company. Initial cash requirements will total £50,000. Start-up assets total £55,000.
The following table describes our start-up requirements. One of our biggest start-up expenses involves the creation of a website. Ongoing maintenance expenses for the website are included in our Profit and Loss expenses section.
| Start-up Funding | |
| Start-up Expenses to Fund | £35,000 |
| Start-up Assets to Fund | £55,000 |
| Total Funding Required | £90,000 |
| Assets | |
| Non-cash Assets from Start-up | £25,000 |
| Cash Requirements from Start-up | £50,000 |
| Additional Cash Raised | £0 |
| Cash Balance on Starting Date | £50,000 |
| Total Assets | £75,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | £0 |
| Long-term Liabilities | £0 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £0 |
| Capital | |
| Planned Investment | |
| Owner 1 | £55,000 |
| Owner 2 | £35,000 |
| Other | £0 |
| Additional Investment Requirement | £0 |
| Total Planned Investment | £90,000 |
| Loss at Start-up (Start-up Expenses) | (£35,000) |
| Total Capital | £55,000 |
| Total Capital and Liabilities | £55,000 |
| Total Funding | £90,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | £2,000 |
| Stationery etc. | £100 |
| Brochures | £500 |
| Consultants | £2,000 |
| Insurance | £10,000 |
| Rent (Deposit and 1st Month) | £3,000 |
| Work Equipment | £6,000 |
| Website Development | £10,000 |
| Other | £1,400 |
| Total Start-up Expenses | £35,000 |
| Start-up Assets | |
| Cash Required | £50,000 |
| Other Current Assets | £5,000 |
| Long-term Assets | £0 |
| Total Assets | £55,000 |
| Total Requirements | £90,000 |
The company ownership will be shared by the Chairman and Chief Executive Officer in the following percentage amounts:
Chairman = 60%
Chief Executive Officer = 40%
Both owners are veterans in the building industry, each with over 25 years experience.
| Start-up Funding | |
| Start-up Expenses to Fund | £35,000 |
| Start-up Assets to Fund | £55,000 |
| Total Funding Required | £90,000 |
| Assets | |
| Non-cash Assets from Start-up | £25,000 |
| Cash Requirements from Start-up | £50,000 |
| Additional Cash Raised | £0 |
| Cash Balance on Starting Date | £50,000 |
| Total Assets | £75,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | £0 |
| Long-term Liabilities | £0 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £0 |
| Capital | |
| Planned Investment | |
| Owner 1 | £55,000 |
| Owner 2 | £35,000 |
| Other | £0 |
| Additional Investment Requirement | £0 |
| Total Planned Investment | £90,000 |
| Loss at Start-up (Start-up Expenses) | (£35,000) |
| Total Capital | £55,000 |
| Total Capital and Liabilities | £55,000 |
| Total Funding | £90,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | £2,000 |
| Stationery etc. | £100 |
| Brochures | £500 |
| Consultants | £2,000 |
| Insurance | £10,000 |
| Rent (Deposit and 1st Month) | £3,000 |
| Work Equipment | £6,000 |
| Website Development | £10,000 |
| Other | £1,400 |
| Total Start-up Expenses | £35,000 |
| Start-up Assets | |
| Cash Required | £50,000 |
| Other Current Assets | £5,000 |
| Long-term Assets | £0 |
| Total Assets | £55,000 |
| Total Requirements | £90,000 |