fordingbridge plc
fordingbridge plc Company Information
Company Number
02450755
Next Accounts
Jun 2025
Industry
Construction of commercial buildings
Development of building projects
Shareholders
edward j. way
anthony j. baxter
View AllGroup Structure
View All
Contact
Registered Address
arundel road, fontwell, arundel, west sussex, BN18 0SD
Website
www.fordingbridge.co.ukfordingbridge plc Estimated Valuation
Pomanda estimates the enterprise value of FORDINGBRIDGE PLC at £5.4m based on a Turnover of £7.6m and 0.71x industry multiple (adjusted for size and gross margin).
fordingbridge plc Estimated Valuation
Pomanda estimates the enterprise value of FORDINGBRIDGE PLC at £4.8m based on an EBITDA of £840.5k and a 5.74x industry multiple (adjusted for size and gross margin).
fordingbridge plc Estimated Valuation
Pomanda estimates the enterprise value of FORDINGBRIDGE PLC at £4.1m based on Net Assets of £2.9m and 1.43x industry multiple (adjusted for liquidity).
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Fordingbridge Plc Overview
Fordingbridge Plc is a live company located in arundel, BN18 0SD with a Companies House number of 02450755. It operates in the development of building projects sector, SIC Code 41100. Founded in December 1989, it's largest shareholder is edward j. way with a 30.6% stake. Fordingbridge Plc is a mature, mid sized company, Pomanda has estimated its turnover at £7.6m with low growth in recent years.
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Fordingbridge Plc Health Check
Pomanda's financial health check has awarded Fordingbridge Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £7.6m, make it in line with the average company (£7.4m)
£7.6m - Fordingbridge Plc
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6.2%)
3% - Fordingbridge Plc
6.2% - Industry AVG
Production
with a gross margin of 40.2%, this company has a lower cost of product (21.2%)
40.2% - Fordingbridge Plc
21.2% - Industry AVG
Profitability
an operating margin of 9.8% make it more profitable than the average company (5.8%)
9.8% - Fordingbridge Plc
5.8% - Industry AVG
Employees
with 39 employees, this is above the industry average (20)
39 - Fordingbridge Plc
20 - Industry AVG
Pay Structure
on an average salary of £47k, the company has an equivalent pay structure (£51.8k)
£47k - Fordingbridge Plc
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £194.5k, this is less efficient (£330.8k)
£194.5k - Fordingbridge Plc
£330.8k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (37 days)
39 days - Fordingbridge Plc
37 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (35 days)
45 days - Fordingbridge Plc
35 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (91 days)
25 days - Fordingbridge Plc
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 146 weeks, this is more cash available to meet short term requirements (17 weeks)
146 weeks - Fordingbridge Plc
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.2%, this is a lower level of debt than the average (70.6%)
22.2% - Fordingbridge Plc
70.6% - Industry AVG
FORDINGBRIDGE PLC financials
Fordingbridge Plc's latest turnover from December 2023 is £7.6 million and the company has net assets of £2.9 million. According to their latest financial statements, Fordingbridge Plc has 39 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | 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 | 7,584,881 | 7,873,386 | 9,410,264 | 6,960,295 | 5,077,911 | 5,090,163 | 4,766,808 | 3,770,924 | 5,010,052 | 3,672,463 | 3,573,416 | 4,360,780 | 4,640,241 | 6,043,355 | 5,284,527 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,533,729 | 5,196,042 | 5,972,038 | 4,204,278 | 3,180,606 | 3,228,628 | 3,114,014 | 2,199,732 | 3,176,458 | 2,164,605 | 2,226,107 | 3,061,385 | 3,178,299 | 3,713,120 | 2,902,872 |
| Gross Profit | 3,051,152 | 2,677,344 | 3,438,226 | 2,756,017 | 1,897,305 | 1,861,535 | 1,652,794 | 1,571,192 | 1,833,594 | 1,507,858 | 1,347,309 | 1,299,395 | 1,461,942 | 2,330,235 | 2,381,655 |
| Admin Expenses | 2,308,402 | 2,049,477 | 2,226,500 | 1,980,868 | 1,638,151 | 1,651,210 | 1,659,438 | 1,524,284 | 1,504,513 | 1,280,185 | 1,277,295 | 1,639,720 | 1,643,505 | 1,768,249 | 1,765,265 |
| Operating Profit | 742,750 | 627,867 | 1,211,726 | 775,149 | 259,154 | 210,325 | -6,644 | 46,908 | 329,081 | 227,673 | 70,014 | -340,325 | -181,563 | 561,986 | 616,390 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 11,398 | 0 | 0 | 268 | 2 | 2 | 4 | 0 | 0 | 0 | 4,669 | 10,061 | 14,920 | 12,417 | 13,517 |
| Pre-Tax Profit | 754,148 | 627,867 | 1,211,726 | 775,417 | 259,156 | 210,327 | -6,640 | 49,069 | 331,010 | 229,449 | 74,683 | -330,264 | -166,643 | 574,403 | 629,907 |
| Tax | -83,755 | 42,416 | -69,751 | 20,604 | -47,502 | -41,912 | -140 | -8,022 | -49,151 | -355 | -934 | 4,800 | 34,969 | -121,769 | -131,455 |
| Profit After Tax | 670,393 | 670,283 | 1,141,975 | 796,021 | 211,654 | 168,415 | -6,780 | 41,047 | 281,859 | 229,094 | 73,749 | -325,464 | -131,674 | 452,634 | 498,452 |
| Dividends Paid | 461,000 | 298,000 | 558,350 | 452,742 | 115,000 | 105,000 | 30,000 | 0 | 280,000 | 180,000 | 0 | 0 | 200,000 | 200,000 | 500,000 |
| Retained Profit | 209,393 | 372,283 | 583,625 | 343,279 | 96,654 | 63,415 | -36,780 | 41,047 | 1,859 | 49,094 | 73,749 | -325,464 | -331,674 | 252,634 | -1,548 |
| Employee Costs | 1,834,843 | 1,647,576 | 1,810,886 | 1,535,132 | 1,244,629 | 1,193,881 | 1,185,560 | 1,141,870 | 1,117,775 | 953,751 | 921,166 | 1,141,474 | 1,188,994 | 1,273,048 | 1,277,814 |
| Number Of Employees | 39 | 41 | 37 | 34 | 31 | 30 | 32 | 34 | 33 | 28 | 29 | 36 | 40 | 40 | 37 |
| EBITDA* | 840,518 | 708,575 | 1,279,461 | 824,677 | 299,583 | 267,197 | 50,228 | 100,429 | 380,369 | 275,288 | 129,536 | -266,010 | -88,517 | 667,131 | 706,636 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | 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 | 358,306 | 275,598 | 204,831 | 232,506 | 85,333 | 91,454 | 115,730 | 154,009 | 110,151 | 99,208 | 103,182 | 116,739 | 165,471 | 200,483 | 234,124 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72,400 | 144,800 | 217,200 |
| Total Fixed Assets | 358,306 | 275,598 | 204,831 | 232,506 | 85,333 | 91,454 | 115,730 | 154,009 | 110,151 | 99,208 | 103,182 | 116,739 | 237,871 | 345,283 | 451,324 |
| Stock & work in progress | 314,291 | 428,057 | 436,414 | 238,819 | 270,599 | 274,387 | 295,371 | 274,687 | 142,537 | 175,986 | 123,897 | 163,069 | 181,239 | 235,955 | 646,136 |
| Trade Debtors | 810,584 | 1,227,239 | 1,326,055 | 1,115,830 | 1,033,201 | 1,356,630 | 884,712 | 767,960 | 731,098 | 879,151 | 558,449 | 383,517 | 440,678 | 237,165 | 773,740 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,362 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 105,944 | 51,943 | 378,017 | 131,569 | 96,661 | 72,753 | 89,653 | 38,672 | 40,168 | 61,249 | 39,201 | 118,264 | 151,809 | 128,036 | 197,105 |
| Cash | 2,121,097 | 1,473,228 | 1,262,766 | 1,653,090 | 720,252 | 360,131 | 252,493 | 606,786 | 886,180 | 749,408 | 706,604 | 683,536 | 848,102 | 1,236,931 | 858,295 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,351,916 | 3,180,467 | 3,403,252 | 3,139,308 | 2,120,713 | 2,063,901 | 1,522,229 | 1,688,105 | 1,823,345 | 1,865,794 | 1,428,151 | 1,348,386 | 1,621,828 | 1,838,087 | 2,475,276 |
| total assets | 3,710,222 | 3,456,065 | 3,608,083 | 3,371,814 | 2,206,046 | 2,155,355 | 1,637,959 | 1,842,114 | 1,933,496 | 1,965,002 | 1,531,333 | 1,465,125 | 1,859,699 | 2,183,370 | 2,926,600 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 562,101 | 448,191 | 585,671 | 231,967 | 230,542 | 225,835 | 157,465 | 242,635 | 258,113 | 268,062 | 133,886 | 83,120 | 128,893 | 125,808 | 497,253 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 192,678 | 291,082 | 669,872 | 1,127,490 | 587,485 | 642,064 | 255,931 | 333,836 | 458,017 | 489,933 | 184,502 | 127,809 | 146,346 | 142,128 | 770,647 |
| total current liabilities | 754,779 | 739,273 | 1,255,543 | 1,384,457 | 818,027 | 867,899 | 413,396 | 576,471 | 716,130 | 757,995 | 318,388 | 210,929 | 275,239 | 267,936 | 1,267,900 |
| loans | 0 | 0 | 0 | 225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 68,431 | 39,173 | 47,204 | 40,646 | 9,587 | 5,678 | 6,200 | 10,500 | 8,500 | 0 | 0 | 0 | 4,800 | 4,100 | 0 |
| total long term liabilities | 68,431 | 39,173 | 47,204 | 265,646 | 9,587 | 5,678 | 6,200 | 10,500 | 8,500 | 0 | 0 | 0 | 4,800 | 4,100 | 0 |
| total liabilities | 823,210 | 778,446 | 1,302,747 | 1,650,103 | 827,614 | 873,577 | 419,596 | 586,971 | 724,630 | 757,995 | 318,388 | 210,929 | 280,039 | 272,036 | 1,267,900 |
| net assets | 2,887,012 | 2,677,619 | 2,305,336 | 1,721,711 | 1,378,432 | 1,281,778 | 1,218,363 | 1,255,143 | 1,208,866 | 1,207,007 | 1,212,945 | 1,254,196 | 1,579,660 | 1,911,334 | 1,658,700 |
| total shareholders funds | 2,887,012 | 2,677,619 | 2,305,336 | 1,721,711 | 1,378,432 | 1,281,778 | 1,218,363 | 1,255,143 | 1,208,866 | 1,207,007 | 1,212,945 | 1,254,196 | 1,579,660 | 1,911,334 | 1,658,700 |
| Dec 2023 | Dec 2022 | Dec 2021 | 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 | 742,750 | 627,867 | 1,211,726 | 775,149 | 259,154 | 210,325 | -6,644 | 46,908 | 329,081 | 227,673 | 70,014 | -340,325 | -181,563 | 561,986 | 616,390 |
| Depreciation | 97,768 | 80,708 | 67,735 | 49,528 | 40,429 | 56,872 | 56,872 | 53,521 | 51,288 | 47,615 | 59,522 | 74,315 | 93,046 | 105,145 | 90,246 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -83,755 | 42,416 | -69,751 | 20,604 | -47,502 | -41,912 | -140 | -8,022 | -49,151 | -355 | -934 | 4,800 | 34,969 | -121,769 | -131,455 |
| Stock | -113,766 | -8,357 | 197,595 | -31,780 | -3,788 | -20,984 | 20,684 | 132,150 | -33,449 | 52,089 | -39,172 | -18,170 | -54,716 | -410,181 | 646,136 |
| Debtors | -362,654 | -424,890 | 456,673 | 117,537 | -299,521 | 455,018 | 167,733 | 12,004 | -145,772 | 342,750 | 95,869 | -163,106 | 154,886 | -678,044 | 1,188,045 |
| Creditors | 113,910 | -137,480 | 353,704 | 1,425 | 4,707 | 68,370 | -85,170 | -15,478 | -9,949 | 134,176 | 50,766 | -45,773 | 3,085 | -371,445 | 497,253 |
| Accruals and Deferred Income | -98,404 | -378,790 | -457,618 | 540,005 | -54,579 | 386,133 | -77,905 | -124,181 | -31,916 | 305,431 | 56,693 | -18,537 | 4,218 | -628,519 | 770,647 |
| Deferred Taxes & Provisions | 29,258 | -8,031 | 6,558 | 31,059 | 3,909 | -522 | -4,300 | 2,000 | 8,500 | 0 | 0 | -4,800 | 700 | 4,100 | 0 |
| Cash flow from operations | 1,277,947 | 659,937 | 458,086 | 1,332,013 | 509,427 | 245,232 | -305,704 | -189,406 | 477,074 | 319,701 | 179,364 | -149,044 | -145,715 | 637,723 | 8,900 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -24,359 | -18,595 | -113,080 | -51,605 | -38,683 | -44,778 | -25,333 | -55,126 | -70,402 | -128,588 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -24,359 | -18,595 | -113,080 | -51,605 | -38,683 | -44,778 | -25,333 | -55,126 | -70,402 | -128,588 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | -25,000 | 25,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -225,000 | 225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 11,398 | 0 | 0 | 268 | 2 | 2 | 4 | 0 | 0 | 0 | 4,669 | 10,061 | 14,920 | 12,417 | 13,517 |
| cash flow from financing | 11,398 | 0 | -250,000 | 250,268 | 2 | 2 | 4 | 5,230 | 0 | -55,032 | -110,331 | 10,061 | 14,920 | 12,417 | 1,673,765 |
| cash and cash equivalents | |||||||||||||||
| cash | 647,869 | 210,462 | -390,324 | 932,838 | 360,121 | 107,638 | -354,293 | -279,394 | 136,772 | 42,804 | 23,068 | -164,566 | -388,829 | 378,636 | 858,295 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 647,869 | 210,462 | -390,324 | 932,838 | 360,121 | 107,638 | -354,293 | -279,394 | 136,772 | 42,804 | 23,068 | -164,566 | -388,829 | 378,636 | 858,295 |
fordingbridge plc Credit Report and Business Information
Fordingbridge Plc Competitor Analysis
Perform a competitor analysis for fordingbridge plc by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in BN18 area or any other competitors across 12 key performance metrics.
fordingbridge plc Ownership
FORDINGBRIDGE PLC group structure
Fordingbridge Plc has no subsidiary companies.
Ultimate parent company
FORDINGBRIDGE PLC
02450755
fordingbridge plc directors
Fordingbridge Plc currently has 4 directors. The longest serving directors include Mr Edward Way (Dec 1991) and Mr Anthony Baxter (Jun 1993).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Way | 72 years | Dec 1991 | - | Director | |
| Mr Anthony Baxter | England | 74 years | Jun 1993 | - | Director |
| Mr Tom Hall | 55 years | Mar 2008 | - | Director | |
| Mr Stephen Toone | 53 years | Mar 2013 | - | Director |
P&L
December 2023turnover
7.6m
-4%
operating profit
742.8k
+18%
gross margin
40.3%
+18.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.9m
+0.08%
total assets
3.7m
+0.07%
cash
2.1m
+0.44%
net assets
Total assets minus all liabilities
fordingbridge plc company details
company number
02450755
Type
Public limited with Share Capital
industry
41201 - Construction of commercial buildings
41100 - Development of building projects
incorporation date
December 1989
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
LEWIS BROWNLEE (CHICHESTER) LIMITED
address
arundel road, fontwell, arundel, west sussex, BN18 0SD
Bank
BARCLAYS BANK PLC
Legal Advisor
-
fordingbridge plc Charges & Mortgages
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 4 charges/mortgages relating to fordingbridge plc. Currently there are 0 open charges and 4 have been satisfied in the past.
fordingbridge plc Capital Raised & Share Issues BETA
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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fordingbridge plc Companies House Filings - See Documents
| date | description | view/download |
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