foundation developments limitedEstimated Valuation
£54.4m
Pomanda estimates the enterprise value of FOUNDATION DEVELOPMENTS LIMITED at £54.4m based on a Turnover of £66m and 0.82x industry multiple (adjusted for size and gross margin).
foundation developments limitedEstimated Valuation
£31.2m
Pomanda estimates the enterprise value of FOUNDATION DEVELOPMENTS LIMITED at £31.2m based on an EBITDA of £3.8m and a 8.23x industry multiple (adjusted for size and gross margin).
foundation developments limitedEstimated Valuation
£809.9k
Pomanda estimates the enterprise value of FOUNDATION DEVELOPMENTS LIMITED at £809.9k based on Net Assets of £379.7k and 2.13x industry multiple (adjusted for liquidity).
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Foundation Developments LimitedOverview
Foundation Developments Limited is a live company located in wallington, SM6 8QX with a Companies House number of 02545286. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in October 1990, it's largest shareholder is
hickey group limited
with a 100% stake. Foundation Developments Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£66m with
declining
growth in recent years.
Pomanda's financial health check has awarded Foundation Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
3 Regular
6 Weak
Size
annual sales of £66m, make it larger than the average company (£8.5m)
£66m - Foundation Developments Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (9.3%)
-12% - Foundation Developments Limited
9.3% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)
24.5% - Foundation Developments Limited
24.5% - Industry AVG
Profitability
an operating margin of 4.6% make it less profitable than the average company (6%)
4.6% - Foundation Developments Limited
6% - Industry AVG
Employees
with 23 employees, this is below the industry average (36)
23 - Foundation Developments Limited
36 - Industry AVG
Pay Structure
on an average salary of £119.4k, the company has a higher pay structure (£49.9k)
£119.4k - Foundation Developments Limited
£49.9k - Industry AVG
Efficiency
resulting in sales per employee of £2.9m, this is more efficient (£202.5k)
£2.9m - Foundation Developments Limited
£202.5k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (56 days)
45 days - Foundation Developments Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (37 days)
27 days - Foundation Developments Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Foundation Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 17 weeks, this is average cash available to meet short term requirements (20 weeks)
17 weeks - Foundation Developments Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.7%, this is a higher level of debt than the average (61.1%)
97.7% - Foundation Developments Limited
61.1% - Industry AVG
FOUNDATION DEVELOPMENTS LIMITED financials
EXPORT
Foundation Developments Limited's latest turnover from December 2023 is £66 million and the company has net assets of £379.7 thousand. According to their latest financial statements, Foundation Developments Limited has 23 employees and maintains cash reserves of £3.4 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
66,012,810
74,928,363
90,469,996
98,071,233
95,488,712
89,451,297
104,875,426
113,448,524
77,559,087
104,604,187
90,861,012
56,087,776
54,141,147
34,669,626
42,439,639
Other Income Or Grants
19,580
Cost Of Sales
49,827,319
56,408,027
74,896,779
85,551,511
77,804,721
88,697,248
84,708,787
58,592,328
80,041,608
68,689,682
41,980,846
39,672,143
24,689,621
Gross Profit
16,185,491
18,520,336
90,489,576
23,174,454
9,937,201
11,646,576
16,178,178
28,739,737
18,966,759
24,562,579
22,171,330
14,106,930
14,469,004
9,980,005
Admin Expenses
13,145,805
25,513,135
92,438,165
25,295,058
8,532,279
8,591,960
8,650,831
21,601,363
17,467,446
21,831,485
19,070,843
12,855,261
13,262,326
9,644,728
-828,758
Operating Profit
3,039,686
-6,992,799
-1,948,589
-2,120,604
1,404,922
3,054,616
7,527,347
7,138,374
1,499,313
2,731,094
3,100,487
1,251,669
1,206,678
335,277
828,758
Interest Payable
274,990
148,170
71,405
41,136
34,616
55,295
21,417
250,862
200,127
72,359
80,094
80,700
41,921
11,546
39,218
Interest Receivable
58,646
25,137
31,641
95,995
214,415
124,457
133,176
69,395
41,045
70,193
70,125
44,124
63,347
163,595
187,812
Pre-Tax Profit
2,823,342
-7,115,832
-1,988,353
-2,065,745
1,584,721
3,123,778
7,639,106
6,786,298
1,340,231
2,728,928
3,090,518
1,215,093
1,228,104
397,673
977,352
Tax
170,753
-33,470
121,547
243,123
-405,375
-666,804
-1,307,596
-1,448,392
-266,941
-454,312
-786,807
-392,836
-383,872
-195,993
-375,822
Profit After Tax
2,994,095
-7,149,302
-1,866,806
-1,822,622
1,179,346
2,456,974
6,331,510
5,337,906
1,073,290
2,274,616
2,303,711
822,257
844,232
201,680
601,530
Dividends Paid
1,000,000
2,000,000
12,000,000
562,600
562,600
574,400
477,200
146,341
365,854
365,951
Retained Profit
2,994,095
-7,149,302
-1,866,806
-1,822,622
179,346
456,974
-5,668,490
4,775,306
510,690
2,274,616
1,729,311
345,057
697,891
-164,174
235,579
Employee Costs
2,745,309
3,276,885
3,517,647
2,922,722
3,786,054
4,408,594
4,373,901
5,316,318
3,950,199
4,073,344
3,853,227
3,765,193
3,923,586
3,190,870
3,549,057
Number Of Employees
23
25
29
31
33
37
37
51
57
58
59
59
59
43
37
EBITDA*
3,787,015
-6,240,838
-1,305,121
-1,512,747
2,189,238
3,841,930
8,269,008
9,133,138
3,452,888
4,381,077
4,204,656
2,187,690
2,036,138
1,340,308
2,021,108
* 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
3,651,900
2,498,646
2,648,846
2,013,499
1,395,887
1,974,543
1,912,487
6,301,964
5,642,360
6,673,967
4,017,671
2,451,930
2,178,658
1,787,573
1,663,917
Intangible Assets
340,398
547,335
605,402
663,469
721,536
779,603
837,670
597,998
Investments & Other
65,000
400,353
435,759
423,062
401,315
364,156
370,935
376,145
261,687
352,484
359,550
345,735
50,000
Debtors (Due After 1 year)
280,000
280,000
280,000
Total Fixed Assets
3,716,900
2,898,999
3,084,605
2,436,561
1,797,202
2,338,699
2,283,422
7,018,507
6,451,382
7,631,853
5,040,690
3,519,201
3,288,261
2,905,243
2,541,915
Stock & work in progress
6,210,430
9,565,085
5,592,716
1,014,128
4,495,377
4,054,620
2,606,313
Trade Debtors
8,259,843
12,493,168
11,887,311
15,562,640
14,694,994
8,222,513
5,805,691
49,165
337,900
13,052,329
12,641,530
4,960,874
4,895,013
6,121,850
3,315,700
Group Debtors
16,957
14,522
15,012
14,055
Misc Debtors
1,128,310
3,440,045
2,532,049
1,998,403
4,098,952
2,393,259
1,585,770
8,756,829
7,189,450
1,553,550
702,969
772,444
1,112,590
232,626
1,110,110
Cash
3,392,776
2,017,554
6,703,198
6,843,579
13,745,524
19,069,485
27,291,508
23,754,692
9,135,862
2,415,887
9,899,802
7,079,852
6,357,983
5,948,683
9,955,468
misc current assets
292,072
268,227
248,942
total current assets
12,797,886
17,965,289
21,137,570
24,418,677
32,539,470
29,685,257
34,682,969
38,771,116
26,228,297
22,614,482
24,258,429
17,308,547
16,712,278
15,177,699
14,630,220
total assets
16,514,786
20,864,288
24,222,175
26,855,238
34,336,672
32,023,956
36,966,391
45,789,623
32,679,679
30,246,335
29,299,119
20,827,748
20,000,539
18,082,942
17,172,135
Bank overdraft
8,353
4,853
1,019,046
762,752
955,015
322,000
61,267
Bank loan
Trade Creditors
3,742,158
6,526,052
7,832,356
8,996,380
11,507,448
7,024,166
8,636,373
10,507,038
6,575,339
9,281,256
11,909,774
4,752,498
5,916,363
4,074,908
2,738,180
Group/Directors Accounts
1,653,120
7,422,360
5,561,005
4,530,306
3,426,093
2,029,221
11,088
474,530
486,674
482,575
612,176
534,684
651,473
other short term finances
hp & lease commitments
14,402
45,842
216,612
1,246,279
1,301,186
1,580,439
772,478
455,323
327,832
92,579
174,965
other current liabilities
4,804,674
8,904,263
5,539,574
6,492,150
11,103,873
14,632,506
19,449,409
17,739,603
10,411,857
7,159,469
7,958,163
8,387,015
6,579,709
8,274,015
8,467,525
total current liabilities
10,214,354
22,861,028
18,937,788
20,018,836
26,037,414
23,731,735
29,332,528
29,492,920
18,288,382
18,495,694
21,127,089
14,840,163
14,391,095
13,298,186
12,093,410
loans
5,881,121
455,748
652,267
434,683
74,917
247,226
1,149,340
4,210,640
810,421
225,215
225,215
225,215
225,215
225,215
hp & lease commitments
39,605
45,842
1,032,230
840,830
1,661,083
688,036
226,706
207,171
80,374
2,083
Accruals and Deferred Income
other liabilities
provisions
161,901
97,207
450,000
450,000
450,000
450,000
450,000
1,094,170
total long term liabilities
5,920,726
617,649
749,474
434,683
74,917
247,226
45,842
2,181,570
5,051,470
2,921,504
1,363,251
901,921
882,386
755,589
1,321,468
total liabilities
16,135,080
23,478,677
19,687,262
20,453,519
26,112,331
23,978,961
29,378,370
31,674,490
23,339,852
21,417,198
22,490,340
15,742,084
15,273,481
14,053,775
13,414,878
net assets
379,706
-2,614,389
4,534,913
6,401,719
8,224,341
8,044,995
7,588,021
14,115,133
9,339,827
8,829,137
6,808,779
5,085,664
4,727,058
4,029,167
3,757,257
total shareholders funds
379,706
-2,614,389
4,534,913
6,401,719
8,224,341
8,044,995
7,588,021
14,115,133
9,339,827
8,829,137
6,808,779
5,085,664
4,727,058
4,029,167
3,757,257
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
3,039,686
-6,992,799
-1,948,589
-2,120,604
1,404,922
3,054,616
7,527,347
7,138,374
1,499,313
2,731,094
3,100,487
1,251,669
1,206,678
335,277
828,758
Depreciation
747,329
751,961
643,468
607,857
784,316
787,314
741,661
1,957,465
1,895,508
1,591,916
1,046,102
877,954
771,393
946,964
1,155,550
Amortisation
37,299
58,067
58,067
58,067
58,067
58,067
58,067
36,800
Tax
170,753
-33,470
121,547
243,123
-405,375
-666,804
-1,307,596
-1,448,392
-266,941
-454,312
-786,807
-392,836
-383,872
-195,993
-375,822
Stock
-6,210,430
-3,354,655
3,972,369
4,578,588
-3,481,249
440,757
1,448,307
2,606,313
Debtors
-6,542,625
1,513,363
-3,140,726
-1,218,848
8,178,174
3,224,311
-1,414,533
1,278,644
-7,078,529
1,261,380
7,611,181
-554,285
-346,873
1,928,666
4,705,810
Creditors
-2,783,894
-1,306,304
-1,164,024
-2,511,068
4,483,282
-1,612,207
-1,870,665
3,931,699
-2,705,917
-2,628,518
7,157,276
-1,163,865
1,841,455
1,336,728
2,738,180
Accruals and Deferred Income
-4,099,589
3,364,689
-952,576
-4,611,723
-3,528,633
-4,816,903
1,709,806
7,327,746
3,252,388
-798,694
-428,852
1,807,306
-1,694,306
-193,510
8,467,525
Deferred Taxes & Provisions
-161,901
64,694
97,207
-450,000
-644,170
1,094,170
Cash flow from operations
3,455,009
-5,664,592
-62,241
-7,173,567
-5,439,662
-6,478,295
14,425,516
21,020,202
6,388,578
-5,340,415
6,016,341
2,551,823
697,981
-2,891,616
9,239,351
Investing Activities
capital expenditure
-1,900,583
-601,761
-1,278,815
-1,225,469
-205,660
-849,370
3,988,214
-863,562
-197,025
-987,568
-516,181
-595,619
-631,854
-68,374
Change in Investments
-335,353
-35,406
12,697
21,747
37,159
-6,779
-5,210
114,458
-90,797
-7,066
13,815
295,735
50,000
cash flow from investments
-1,565,230
-566,355
-1,291,512
-1,247,216
-242,819
-842,591
3,993,424
-978,020
-106,228
7,066
-1,001,383
-811,916
-645,619
-631,854
-68,374
Financing Activities
Bank loans
Group/Directors Accounts
-5,769,240
1,861,355
1,030,699
1,104,213
1,396,872
2,018,133
11,088
-474,530
-12,144
4,099
-129,601
77,492
-116,789
651,473
Other Short Term Loans
Long term loans
5,425,373
-196,519
217,584
359,766
-172,309
247,226
-1,149,340
-3,061,300
3,400,219
585,206
225,215
Hire Purchase and Lease Commitments
54,007
-45,842
-216,612
-2,016,055
136,493
-1,099,506
1,781,008
778,485
147,026
362,050
-4,095
177,048
other long term liabilities
share issue
-858,622
-254,258
-6,196
13,549
436,084
3,521,678
interest
-216,344
-123,033
-39,764
54,859
179,799
69,162
111,759
-181,467
-159,082
-2,166
-9,969
-36,576
21,426
152,049
148,594
cash flow from financing
-506,204
1,541,803
1,208,519
1,518,838
1,358,520
2,117,909
-3,901,170
-3,106,274
1,667,101
2,097,646
766,419
-5,602
460,968
467,249
4,724,008
cash and cash equivalents
cash
1,375,222
-4,685,644
-140,381
-6,901,945
-5,323,961
-8,222,023
3,536,816
14,618,830
6,719,975
-7,483,915
2,819,950
721,869
409,300
-4,006,785
9,955,468
overdraft
-8,353
3,500
4,853
-1,019,046
1,019,046
-762,752
-192,263
633,015
260,733
61,267
change in cash
1,383,575
-4,689,144
-145,234
-6,901,945
-5,323,961
-7,202,977
2,517,770
14,618,830
6,719,975
-7,483,915
3,582,702
914,132
-223,715
-4,267,518
9,894,201
foundation developments limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for foundation developments limited. Get real-time insights into foundation developments limited's credit score, group structure and payment trends.
Foundation Developments Limited Competitor Analysis
Perform a competitor analysis for foundation developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in SM6 area or any other competitors across 12 key performance metrics.
foundation developments limited Ownership
FOUNDATION DEVELOPMENTS LIMITED group structure
Foundation Developments Limited has no subsidiary companies.
The sole shareholder of Foundation Developments Limited is Hickey Group Limited.
hickey group limited
100%
foundation developments limited directors
Foundation Developments Limited currently has 6 directors.
The longest serving directors include
Mr Patrick Hickey (Aug 1994) and
Mr Martin McDonagh (Jan 1995).
foundation house, clarendon road, wallington, surrey, SM6 8QX
Bank
ALLIED IRISH BANK
Legal Advisor
-
foundation developments limited 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 foundation developments limited. Currently there are 0 open charges and 4 have been satisfied in the past.
foundation developments limited 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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foundation developments limitedCompanies House Filings - See Documents
