fortunegate community housing
fortunegate community housing Company Information
Company Number
03523717
Next Accounts
Apr 2025
Shareholders
-
Group Structure
View All
Industry
Residential care activities for the elderly and disabled
Registered Address
ealing gateway, 26-30 uxbridge road, ealing, london, W5 2AU
Website
chg.org.ukfortunegate community housing Estimated Valuation
Pomanda estimates the enterprise value of FORTUNEGATE COMMUNITY HOUSING at £15.7m based on a Turnover of £10m and 1.56x industry multiple (adjusted for size and gross margin).
fortunegate community housing Estimated Valuation
Pomanda estimates the enterprise value of FORTUNEGATE COMMUNITY HOUSING at £59.3m based on an EBITDA of £4.7m and a 12.63x industry multiple (adjusted for size and gross margin).
fortunegate community housing Estimated Valuation
Pomanda estimates the enterprise value of FORTUNEGATE COMMUNITY HOUSING at £74.9m based on Net Assets of £25.6m and 2.93x industry multiple (adjusted for liquidity).
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Fortunegate Community Housing Overview
Fortunegate Community Housing is a converted/closed company that was located in ealing, W5 2AU with a Companies House number of 03523717. It operated in the residential care activities for the elderly and disabled sector, SIC Code 87300. Founded in March 1998, it's largest shareholder was unknown. The last turnover for Fortunegate Community Housing was estimated at £10m.
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Fortunegate Community Housing Health Check
Pomanda's financial health check has awarded Fortunegate Community Housing a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £10m, make it larger than the average company (£1.2m)
£10m - Fortunegate Community Housing
£1.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Fortunegate Community Housing
- - Industry AVG
Production
with a gross margin of 91.9%, this company has a lower cost of product (41.2%)
91.9% - Fortunegate Community Housing
41.2% - Industry AVG
Profitability
an operating margin of 37% make it more profitable than the average company (12%)
37% - Fortunegate Community Housing
12% - Industry AVG
Employees
with 38 employees, this is below the industry average (74)
38 - Fortunegate Community Housing
74 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has a higher pay structure (£14.7k)
£32.7k - Fortunegate Community Housing
£14.7k - Industry AVG
Efficiency
resulting in sales per employee of £263.8k, this is more efficient (£24.7k)
£263.8k - Fortunegate Community Housing
£24.7k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is later than average (11 days)
27 days - Fortunegate Community Housing
11 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is slower than average (13 days)
36 days - Fortunegate Community Housing
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fortunegate Community Housing
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is average cash available to meet short term requirements (21 weeks)
19 weeks - Fortunegate Community Housing
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.9%, this is a higher level of debt than the average (50.2%)
72.9% - Fortunegate Community Housing
50.2% - Industry AVG
FORTUNEGATE COMMUNITY HOUSING financials
Fortunegate Community Housing's latest turnover from March 2010 is £10 million and the company has net assets of £25.6 million. According to their latest financial statements, Fortunegate Community Housing has 38 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2010 | |
|---|---|
| Turnover | 10,025,000 |
| Other Income Or Grants | |
| Cost Of Sales | 815,000 |
| Gross Profit | 9,210,000 |
| Admin Expenses | 5,499,000 |
| Operating Profit | 3,711,000 |
| Interest Payable | 2,256,000 |
| Interest Receivable | |
| Pre-Tax Profit | 1,568,000 |
| Tax | |
| Profit After Tax | 1,568,000 |
| Dividends Paid | |
| Retained Profit | 1,568,000 |
| Employee Costs | 1,241,000 |
| Number Of Employees | 38 |
| EBITDA* | 4,691,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2010 | |
|---|---|
| Tangible Assets | 87,161,000 |
| Intangible Assets | |
| Investments & Other | |
| Debtors (Due After 1 year) | |
| Total Fixed Assets | 87,161,000 |
| Stock & work in progress | |
| Trade Debtors | 753,000 |
| Group Debtors | |
| Misc Debtors | |
| Cash | 4,590,000 |
| misc current assets | 1,579,000 |
| total current assets | 7,259,000 |
| total assets | 94,420,000 |
| Bank overdraft | 301,000 |
| Bank loan | |
| Trade Creditors | 82,000 |
| Group/Directors Accounts | |
| other short term finances | 10,743,000 |
| hp & lease commitments | |
| other current liabilities | |
| total current liabilities | 12,284,000 |
| loans | |
| hp & lease commitments | |
| Accruals and Deferred Income | |
| other liabilities | |
| provisions | |
| total long term liabilities | 56,515,000 |
| total liabilities | 68,799,000 |
| net assets | 25,621,000 |
| total shareholders funds | 25,621,000 |
| Mar 2010 | |
|---|---|
| Operating Activities | |
| Operating Profit | 3,711,000 |
| Depreciation | 980,000 |
| Amortisation | |
| Tax | |
| Stock | |
| Debtors | 753,000 |
| Creditors | 82,000 |
| Accruals and Deferred Income | |
| Deferred Taxes & Provisions | |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | |
| Group/Directors Accounts | |
| Other Short Term Loans | 10,743,000 |
| Long term loans | |
| Hire Purchase and Lease Commitments | |
| other long term liabilities | |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 4,590,000 |
| overdraft | 301,000 |
| change in cash | 4,289,000 |
fortunegate community housing Credit Report and Business Information
Fortunegate Community Housing Competitor Analysis
Perform a competitor analysis for fortunegate community housing by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in W 5 area or any other competitors across 12 key performance metrics.
fortunegate community housing Ownership
FORTUNEGATE COMMUNITY HOUSING group structure
Fortunegate Community Housing has no subsidiary companies.
Ultimate parent company
FORTUNEGATE COMMUNITY HOUSING
03523717
fortunegate community housing directors
Fortunegate Community Housing currently has 9 directors. The longest serving directors include Ms Brigid Neal (Mar 1998) and Mr Peter O'Callaghan (Sep 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Brigid Neal | 82 years | Mar 1998 | - | Director | |
| Mr Peter O'Callaghan | United Kingdom | 81 years | Sep 2001 | - | Director |
| Oyenike Ogundana | 60 years | Jun 2004 | - | Director | |
| Ms Janice Long | England | 67 years | Jul 2006 | - | Director |
| Dr Christopher O'Leary | 55 years | Jan 2008 | - | Director | |
| Mr Paul Vincent | 58 years | Sep 2008 | - | Director | |
| Councillor Helga Gladbaum | 88 years | Jul 2010 | - | Director | |
| Councillor Krupesh Hirani | England | 39 years | Jul 2010 | - | Director |
| Mr Trevor Pask | 66 years | May 2011 | - | Director |
P&L
March 2010turnover
10m
0%
operating profit
3.7m
0%
gross margin
91.9%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2010net assets
25.6m
0%
total assets
94.4m
0%
cash
4.6m
0%
net assets
Total assets minus all liabilities
Similar Companies
fortunegate community housing company details
company number
03523717
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
87300 - Residential care activities for the elderly and disabled
incorporation date
March 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2010
previous names
N/A
accountant
-
auditor
-
address
ealing gateway, 26-30 uxbridge road, ealing, london, W5 2AU
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
fortunegate community housing 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 did not find charges/mortgages relating to fortunegate community housing.
fortunegate community housing 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.
Click to start generating capital raising & share issue transactions for FORTUNEGATE COMMUNITY HOUSING. This can take several minutes, an email will notify you when this has completed.
fortunegate community housing Companies House Filings - See Documents
| date | description | view/download |
|---|
