bournston developments limited
bournston developments limited Company Information
Group Structure
View All
Industry
Development of building projects
Registered Address
79 caroline street, birmingham, B3 1UP
Website
http://bournston.co.ukbournston developments limited Estimated Valuation
Pomanda estimates the enterprise value of BOURNSTON DEVELOPMENTS LIMITED at £1.2m based on a Turnover of £1.5m and 0.81x industry multiple (adjusted for size and gross margin).
bournston developments limited Estimated Valuation
Pomanda estimates the enterprise value of BOURNSTON DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-1.6m and a 6.25x industry multiple (adjusted for size and gross margin).
bournston developments limited Estimated Valuation
Pomanda estimates the enterprise value of BOURNSTON DEVELOPMENTS LIMITED at £0 based on Net Assets of £-2.8m and 1.49x industry multiple (adjusted for liquidity).
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Bournston Developments Limited Overview
Bournston Developments Limited is a dissolved company that was located in birmingham, B3 1UP with a Companies House number of 02775041. It operated in the development of building projects sector, SIC Code 41100. Founded in December 1992, it's largest shareholder was bournston group ltd with a 100% stake. The last turnover for Bournston Developments Limited was estimated at £1.5m.
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Bournston Developments Limited Health Check
Pomanda's financial health check has awarded Bournston Developments Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £1.5m, make it larger than the average company (£933k)
£1.5m - Bournston Developments Limited
£933k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Bournston Developments Limited
- - Industry AVG
Production
with a gross margin of 57.4%, this company has a lower cost of product (27.2%)
57.4% - Bournston Developments Limited
27.2% - Industry AVG
Profitability
an operating margin of -106.4% make it less profitable than the average company (10.5%)
-106.4% - Bournston Developments Limited
10.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (9)
4 - Bournston Developments Limited
9 - Industry AVG
Pay Structure
on an average salary of £22.1k, the company has a lower pay structure (£34.6k)
£22.1k - Bournston Developments Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £381.5k, this is more efficient (£220.7k)
£381.5k - Bournston Developments Limited
£220.7k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (30 days)
5 days - Bournston Developments Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (36 days)
65 days - Bournston Developments Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 5903 days, this is more than average (287 days)
5903 days - Bournston Developments Limited
287 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Bournston Developments Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 116.7%, this is a higher level of debt than the average (76.3%)
116.7% - Bournston Developments Limited
76.3% - Industry AVG
BOURNSTON DEVELOPMENTS LIMITED financials
Bournston Developments Limited's latest turnover from December 2010 is £1.5 million and the company has net assets of -£2.8 million. According to their latest financial statements, Bournston Developments Limited has 4 employees and maintains cash reserves of £8.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Turnover | 1,526,020 | 1,572,745 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 649,872 | 739,482 |
| Gross Profit | 876,148 | 833,263 |
| Admin Expenses | 2,499,237 | 235,396 |
| Operating Profit | -1,623,089 | 597,867 |
| Interest Payable | 629,646 | 695,887 |
| Interest Receivable | 62,239 | 63,491 |
| Pre-Tax Profit | -2,190,496 | -34,529 |
| Tax | 0 | 10,738 |
| Profit After Tax | -2,190,496 | -23,791 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -2,190,496 | -23,791 |
| Employee Costs | 88,394 | 95,557 |
| Number Of Employees | 4 | 4 |
| EBITDA* | -1,613,249 | 613,788 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Tangible Assets | 37,342 | 47,182 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 5,210,000 | 5,210,000 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 5,247,342 | 5,257,182 |
| Stock & work in progress | 10,510,842 | 10,707,999 |
| Trade Debtors | 22,344 | 35,868 |
| Group Debtors | 877,500 | 2,960,937 |
| Misc Debtors | 7,343 | 11,657 |
| Cash | 8,410 | 25,811 |
| misc current assets | 0 | 0 |
| total current assets | 11,426,439 | 13,742,272 |
| total assets | 16,673,781 | 18,999,454 |
| Bank overdraft | 13,372,668 | 13,269,902 |
| Bank loan | 0 | 0 |
| Trade Creditors | 116,171 | 78,476 |
| Group/Directors Accounts | 1,929,404 | 1,843,775 |
| other short term finances | 77,248 | 1,928,618 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 160,440 | 745,614 |
| total current liabilities | 15,655,931 | 17,866,385 |
| loans | 3,796,074 | 1,720,797 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 3,796,074 | 1,720,797 |
| total liabilities | 19,452,005 | 19,587,182 |
| net assets | -2,778,224 | -587,728 |
| total shareholders funds | -2,778,224 | -587,728 |
| Dec 2010 | Dec 2009 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -1,623,089 | 597,867 |
| Depreciation | 9,840 | 15,921 |
| Amortisation | 0 | 0 |
| Tax | 0 | 10,738 |
| Stock | -197,157 | 10,707,999 |
| Debtors | -2,101,275 | 3,008,462 |
| Creditors | 37,695 | 78,476 |
| Accruals and Deferred Income | -585,174 | 745,614 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | 137,704 | -12,267,845 |
| Investing Activities | ||
| capital expenditure | 0 | 20,000 |
| Change in Investments | 0 | 5,210,000 |
| cash flow from investments | 0 | -5,190,000 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 85,629 | 1,843,775 |
| Other Short Term Loans | -1,851,370 | 1,928,618 |
| Long term loans | 2,075,277 | 1,720,797 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -567,407 | -632,396 |
| cash flow from financing | -257,871 | 4,296,857 |
| cash and cash equivalents | ||
| cash | -17,401 | 25,811 |
| overdraft | 102,766 | 13,269,902 |
| change in cash | -120,167 | -13,244,091 |
bournston developments limited Credit Report and Business Information
Bournston Developments Limited Competitor Analysis
Perform a competitor analysis for bournston developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in B 3 area or any other competitors across 12 key performance metrics.
bournston developments limited Ownership
BOURNSTON DEVELOPMENTS LIMITED group structure
Bournston Developments Limited has 1 subsidiary company.
Ultimate parent company
2 parents
BOURNSTON DEVELOPMENTS LIMITED
02775041
1 subsidiary
bournston developments limited directors
Bournston Developments Limited currently has 1 director, Mr Philip Barker serving since Oct 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Barker | United Kingdom | 64 years | Oct 2012 | - | Director |
P&L
December 2010turnover
1.5m
-3%
operating profit
-1.6m
-371%
gross margin
57.5%
+8.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2010net assets
-2.8m
+3.73%
total assets
16.7m
-0.12%
cash
8.4k
-0.67%
net assets
Total assets minus all liabilities
bournston developments limited company details
company number
02775041
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
December 1992
age
33
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2010
previous names
N/A
accountant
-
auditor
-
address
79 caroline street, birmingham, B3 1UP
Bank
ALLIED IRISH BANK
Legal Advisor
-
bournston 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 28 charges/mortgages relating to bournston developments limited. Currently there are 4 open charges and 24 have been satisfied in the past.
bournston 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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bournston developments limited Companies House Filings - See Documents
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