Farminer Developments Limited

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farminer developments limited Company Information

Company Number

02021754

Next Accounts

Mar 2025

Directors

Ian Farminer

Kim Farminer

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Shareholders

mr i.e. farminer

mrs k.i. farminer

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Group Structure

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Industry

Development of building projects

Registered Address

5th floor the union building 51-, rose lane, norwich, norfolk, NR1 1BY

Website

www.farminer-developments.co.uk

farminer developments limited Estimated Valuation

£928k

Pomanda estimates the enterprise value of FARMINER DEVELOPMENTS LIMITED at £928k based on a Turnover of £1.8m and 0.51x industry multiple (adjusted for size and gross margin).

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Farminer Developments Limited is a dissolved company that was located in norwich, NR1 1BY with a Companies House number of 02021754. It operated in the development of building projects sector, SIC Code 41100. Founded in May 1986, it's largest shareholder was mr i.e. farminer with a 33.9% stake. The last turnover for Farminer Developments Limited was estimated at £1.8m.

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Pomanda's financial health check has awarded Farminer Developments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £1.8m, make it in line with the average company (£2.2m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (1.9%)

EXPORT

Farminer Developments Limited's latest turnover from December 2020 is estimated at £1.8 million and the company has net assets of £5.5 thousand. According to their latest financial statements, Farminer Developments Limited has 16 employees and maintains cash reserves of £89.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,808,785	2,395,406	2,521,709	1,474,954	1,259,554	972,627	3,282,572	1,953,113	2,558,373	624,298	1,773,982
Other Income Or Grants
Cost Of Sales	1,329,524	1,736,155	1,779,329	1,025,331	872,545	683,560	2,336,778	1,387,352	1,833,701	454,264	1,291,224
Gross Profit	479,261	659,251	742,380	449,623	387,010	289,067	945,794	565,761	724,673	170,033	482,758
Admin Expenses	626,809	657,041	757,898	443,485	360,813	271,582	945,968	591,507	690,456	240,523	483,539	-331,240
Operating Profit	-147,548	2,210	-15,518	6,138	26,197	17,485	-174	-25,746	34,217	-70,490	-781	331,240
Interest Payable											28,087	28,087
Interest Receivable	137	1,087	970	720	363	987	933	598	494	795	1,057	494
Pre-Tax Profit	-147,411	3,298	-14,548	6,858	26,560	18,471	759	-25,148	34,712	-69,695	-27,811	303,647
Tax		-627		-1,303	-5,312	-3,694	-159		-8,331			-85,021
Profit After Tax	-147,411	2,671	-14,548	5,555	21,248	14,777	600	-25,148	26,381	-69,695	-27,811	218,626
Dividends Paid
Retained Profit	-147,411	2,671	-14,548	5,555	21,248	14,777	600	-25,148	26,381	-69,695	-27,811	218,626
Employee Costs	712,327	696,640	818,802	594,229	211,537	167,884	474,115	298,998	361,589	106,524	276,785
Number Of Employees	16	16	19	14	5	4	12	8	10	3	8
EBITDA*	-142,931	24,440	6,319	18,838	40,627	28,170	13,714	-7,282	53,926	-58,774	17,531	331,240

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	23,083	101,519	91,143	51,666	55,910	46,288	54,299	66,662	70,148	84,537	88,037	73,694
Intangible Assets
Investments & Other		8,750	6,001	6,001
Debtors (Due After 1 year)
Total Fixed Assets	23,083	110,269	97,144	57,667	55,910	46,288	54,299	66,662	70,148	84,537	88,037	73,694
Stock & work in progress	10,440	67,194	48,524	46,124	27,179	163,363		17,435	33,955	33,922	16,417	1,172,266
Trade Debtors	48,955	50,712	149,556	90,058	138,996	24,340	252,774	191,871	283,581	50,629	177,890	406,377
Group Debtors	104,251	27,066	17,756	15,268
Misc Debtors	97,916	290,092	157,571	123,294	31,891	94,490
Cash	89,582	184,738	105,229	153,306	134,753	155,838	238,820	134,479	104,639	93,104	225,003	197,619
misc current assets
total current assets	351,144	619,802	478,636	428,050	332,819	438,031	491,594	343,785	422,175	177,655	419,310	1,776,262
total assets	374,227	730,071	575,780	485,717	388,729	484,319	545,893	410,447	492,323	262,192	507,347	1,849,956
Bank overdraft												864,204
Bank loan
Trade Creditors	236,509	422,644	282,097	95,746	142,092	263,291	421,962	281,984	333,751	119,739	285,852	748,025
Group/Directors Accounts	33,535	39,070	45,671	47,913	32,411	43,242
other short term finances
hp & lease commitments	1,474	12,490	8,990			778
other current liabilities	92,798	58,867	56,264	168,040	46,210	39,078
total current liabilities	364,316	533,071	393,022	311,699	220,713	346,389	421,962	281,984	333,751	119,739	285,852	1,612,229
loans
hp & lease commitments		25,187	15,677
Accruals and Deferred Income
other liabilities							778	5,910	10,871	21,133	30,480	18,901
provisions	4,386	18,877	16,816	9,205	8,838
total long term liabilities	4,386	44,064	32,493	9,205	8,838		778	5,910	10,871	21,133	30,480	18,901
total liabilities	368,702	577,135	425,515	320,904	229,551	346,389	422,740	287,894	344,622	140,872	316,332	1,631,130
net assets	5,525	152,936	150,265	164,813	159,178	137,930	123,153	122,553	147,701	121,320	191,015	218,826
total shareholders funds	5,525	152,936	150,265	164,813	159,178	137,930	123,153	122,553	147,701	121,320	191,015	218,826

	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-147,548	2,210	-15,518	6,138	26,197	17,485	-174	-25,746	34,217	-70,490	-781	331,240
Depreciation	4,617	22,230	21,837	12,700	14,430	10,685	13,888	18,464	19,709	11,716	18,312
Amortisation
Tax		-627		-1,303	-5,312	-3,694	-159		-8,331			-85,021
Stock	-56,754	18,670	2,400	18,945	-136,184	163,363	-17,435	-16,520	33	17,505	-1,155,849	1,172,266
Debtors	-116,748	42,987	96,263	57,733	52,057	-133,944	60,903	-91,710	232,952	-127,261	-228,487	406,377
Creditors	-186,135	140,547	186,351	-46,346	-121,199	-158,671	139,978	-51,767	214,012	-166,113	-462,173	748,025
Accruals and Deferred Income	33,931	2,603	-111,776	121,830	7,132	39,078
Deferred Taxes & Provisions	-14,491	2,061	7,611	367	8,838
Cash flow from operations	-136,124	107,367	-10,158	16,708	14,213	-124,536	110,065	49,181	26,622	-115,131	939,694	-584,399
Investing Activities
capital expenditure	73,819	-32,606	-61,314	-8,456	-24,052	-2,674	-1,525	-14,978	-5,320	-8,216	-32,655	-73,694
Change in Investments	-8,750	2,749		6,001
cash flow from investments	82,569	-35,355	-61,314	-14,457	-24,052	-2,674	-1,525	-14,978	-5,320	-8,216	-32,655	-73,694
Financing Activities
Bank loans
Group/Directors Accounts	-5,535	-6,601	-2,242	15,502	-10,831	43,242
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	-36,203	13,010	24,667		-778	778
other long term liabilities						-778	-5,132	-4,961	-10,262	-9,347	11,579	18,901
share issue				80								200
interest	137	1,087	970	720	363	987	933	598	494	795	-27,030	-27,593
cash flow from financing	-41,601	7,496	23,395	16,302	-11,246	44,229	-4,199	-4,363	-9,768	-8,552	-15,451	-8,492
cash and cash equivalents
cash	-95,156	79,509	-48,077	18,553	-21,085	-82,982	104,341	29,840	11,535	-131,899	27,384	197,619
overdraft											-864,204	864,204
change in cash	-95,156	79,509	-48,077	18,553	-21,085	-82,982	104,341	29,840	11,535	-131,899	891,588	-666,585

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FARMINER DEVELOPMENTS LIMITED group structure

Farminer Developments Limited has 1 subsidiary company.

Ultimate parent company

FARMINER DEVELOPMENTS LIMITED

02021754

1 subsidiary

FARMINER DEVELOPMENTS (FARMINERS YARD) LIMITED

10726831

FARMINER DEVELOPMENTS LIMITED Shareholders

mr i.e. farminer	33.93%
mrs k.i. farminer	33.93%
k.i. farminer	13.57%
i.e. farminer	13.57%
marc ian william farminer	2.5%
mr matthew john stanley farminer	1.79%
matthew john stanley farminer	0.71%

Farminer Developments Limited currently has 3 directors. The longest serving directors include Mr Ian Farminer (Dec 1991) and Kim Farminer (Apr 2001).

officer	country	age	start	end	role
Mr Ian Farminer	England	59 years	Dec 1991	-	Director
Kim Farminer		65 years	Apr 2001	-	Director
Mr Marc Farminer	England	36 years	Oct 2005	-	Director

P&L

December 2020

turnover

1.8m

-24%

operating profit

-147.5k

gross margin

26.5%

-3.72%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2020

net assets

5.5k

-0.96%

total assets

374.2k

-0.49%

cash

89.6k

-0.52%

net assets

Total assets minus all liabilities

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company number

02021754

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

May 1986

ultimate parent company

None

previous names

N/A

address

5th floor the union building 51-, rose lane, norwich, norfolk, NR1 1BY

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 9 charges/mortgages relating to farminer developments limited. Currently there are 0 open charges and 9 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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farminer developments limited Company Information

farminer developments limited Estimated Valuation

farminer developments limited Estimated Valuation

farminer developments limited Estimated Valuation

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