friargate coventry development limited
friargate coventry development limited Company Information
Company Number
03534033
Next Accounts
Oct 2025
Shareholders
friargate holdings 1 limited
Group Structure
View All
Industry
Construction of domestic buildings
Registered Address
unit 2c saxon business park, littleport, cambridgeshire, CB6 1XX
Website
friargatecoventry.co.ukfriargate coventry development limited Estimated Valuation
Pomanda estimates the enterprise value of FRIARGATE COVENTRY DEVELOPMENT LIMITED at £996k based on a Turnover of £3.1m and 0.32x industry multiple (adjusted for size and gross margin).
friargate coventry development limited Estimated Valuation
Pomanda estimates the enterprise value of FRIARGATE COVENTRY DEVELOPMENT LIMITED at £304.8k based on an EBITDA of £106.5k and a 2.86x industry multiple (adjusted for size and gross margin).
friargate coventry development limited Estimated Valuation
Pomanda estimates the enterprise value of FRIARGATE COVENTRY DEVELOPMENT LIMITED at £0 based on Net Assets of £-15.3m and 1.34x industry multiple (adjusted for liquidity).
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Friargate Coventry Development Limited Overview
Friargate Coventry Development Limited is a live company located in cambridgeshire, CB6 1XX with a Companies House number of 03534033. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in March 1998, it's largest shareholder is friargate holdings 1 limited with a 100% stake. Friargate Coventry Development Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with healthy growth in recent years.
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Friargate Coventry Development Limited Health Check
Pomanda's financial health check has awarded Friargate Coventry Development Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £3.1m, make it larger than the average company (£445k)
£3.1m - Friargate Coventry Development Limited
£445k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (10.1%)
12% - Friargate Coventry Development Limited
10.1% - Industry AVG
Production
with a gross margin of 13.4%, this company has a higher cost of product (20.6%)
13.4% - Friargate Coventry Development Limited
20.6% - Industry AVG
Profitability
an operating margin of 3.4% make it less profitable than the average company (5.3%)
3.4% - Friargate Coventry Development Limited
5.3% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Friargate Coventry Development Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Friargate Coventry Development Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£196.2k)
£1m - Friargate Coventry Development Limited
£196.2k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (27 days)
19 days - Friargate Coventry Development Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (30 days)
4 days - Friargate Coventry Development Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 302 days, this is in line with average (277 days)
302 days - Friargate Coventry Development Limited
277 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (14 weeks)
4 weeks - Friargate Coventry Development Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 257%, this is a higher level of debt than the average (71.8%)
257% - Friargate Coventry Development Limited
71.8% - Industry AVG
FRIARGATE COVENTRY DEVELOPMENT LIMITED financials
Friargate Coventry Development Limited's latest turnover from January 2024 is £3.1 million and the company has net assets of -£15.3 million. According to their latest financial statements, Friargate Coventry Development Limited has 3 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,129,444 | 29,740,255 | 12,076,823 | 2,220,994 | 90,916 | 20,211,861 | 11,797,260 | 7,731,501 | 3,617,358 | 70,670 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 2,711,056 | 27,852,475 | 11,157,792 | 676,305 | 21,410,605 | 12,001,165 | 24,033,775 | 3,644,097 | |||||||
| Gross Profit | 418,388 | 1,887,780 | 919,031 | 1,544,689 | 90,916 | -1,198,744 | -203,905 | -16,302,274 | -26,739 | ||||||
| Admin Expenses | 311,842 | 299,088 | 284,441 | 536,873 | 73,444 | 179,701 | 232,334 | 264,149 | 225,350 | ||||||
| Operating Profit | 106,546 | 1,588,692 | 634,590 | 1,007,816 | 17,472 | -1,378,445 | -436,239 | -16,566,423 | -252,089 | -17,545 | |||||
| Interest Payable | 509 | 48 | 198 | 51 | 73 | 177 | 193 | 308 | 295 | 16 | |||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 106,037 | 1,588,644 | 634,392 | 1,007,765 | 17,399 | -1,378,622 | -436,432 | -16,566,731 | -252,384 | -17,561 | |||||
| Tax | |||||||||||||||
| Profit After Tax | 106,037 | 1,588,644 | 634,392 | 1,007,765 | 17,399 | -1,378,622 | -436,432 | -16,566,731 | -252,384 | -17,561 | |||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 106,037 | 1,588,644 | 634,392 | 1,007,765 | 17,399 | -1,378,622 | -436,432 | -16,566,731 | -252,384 | -17,561 | |||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | |||||||||
| EBITDA* | 106,546 | 1,588,692 | 634,590 | 1,007,816 | 17,472 | -1,378,445 | -436,239 | -16,566,423 | -252,089 | -17,545 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 150 | ||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | |||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | ||||||
| Stock & work in progress | 2,250,000 | 2,250,000 | 2,250,000 | 2,250,000 | 2,491,059 | 20,000,000 | 20,000,000 | 37,331,893 | 35,737,223 | 575,800 | 575,803 | 575,803 | 575,803 | ||
| Trade Debtors | 171,346 | 7,017,151 | 3,233,944 | 143,190 | 104,335 | 97,097 | 172,550 | 121,325 | 151,369 | 340,852 | |||||
| Group Debtors | 4,853,130 | 131,814 | 499,612 | ||||||||||||
| Misc Debtors | 75,467 | 6,203 | 6,521 | 19,347 | 48,691 | 42,077 | |||||||||
| Cash | 2,391,861 | 3,083,839 | 2,561,947 | 5,375,319 | 1,675,569 | 7,460,365 | 544,518 | 23,708 | 565,850 | 27,212 | 3 | ||||
| misc current assets | |||||||||||||||
| total current assets | 9,741,804 | 12,350,990 | 8,177,705 | 8,268,121 | 4,277,166 | 7,563,983 | 20,717,068 | 20,164,380 | 38,097,803 | 36,147,364 | 575,803 | 575,803 | 575,803 | 575,803 | |
| total assets | 9,741,954 | 12,351,140 | 8,177,855 | 8,268,271 | 4,277,316 | 7,564,133 | 20,717,218 | 20,164,530 | 38,097,953 | 36,147,364 | 575,803 | 575,803 | 575,803 | 575,803 | |
| Bank overdraft | |||||||||||||||
| Bank loan | 778,538 | ||||||||||||||
| Trade Creditors | 30,275 | 1,227,232 | 1,256,102 | 195,485 | 6,251 | 40,323 | 50,241 | 129,372 | 425,202 | 517,982 | 575,800 | 575,800 | 575,800 | ||
| Group/Directors Accounts | 19,039,353 | 18,953,486 | 18,695,816 | 21,386,480 | 20,880,303 | 26,175,447 | 37,940,082 | 36,871,831 | 37,164,155 | 35,646,940 | 575,800 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 5,969,726 | 7,573,859 | 5,218,018 | 4,312,779 | 2,025,000 | ||||||||||
| total current liabilities | 25,039,354 | 27,754,577 | 25,169,936 | 25,894,744 | 22,911,554 | 26,215,770 | 37,990,323 | 37,001,203 | 38,367,895 | 36,164,922 | 575,800 | 575,800 | 575,800 | 575,800 | |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 25,039,354 | 27,754,577 | 25,169,936 | 25,894,744 | 22,911,554 | 26,215,770 | 37,990,323 | 37,001,203 | 38,367,895 | 36,164,922 | 575,800 | 575,800 | 575,800 | 575,800 | |
| net assets | -15,297,400 | -15,403,437 | -16,992,081 | -17,626,473 | -18,634,238 | -18,651,637 | -17,273,105 | -16,836,673 | -269,942 | -17,558 | 3 | 3 | 3 | 3 | |
| total shareholders funds | -15,297,400 | -15,403,437 | -16,992,081 | -17,626,473 | -18,634,238 | -18,651,637 | -17,273,105 | -16,836,673 | -269,942 | -17,558 | 3 | 3 | 3 | 3 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 106,546 | 1,588,692 | 634,590 | 1,007,816 | 17,472 | -1,378,445 | -436,239 | -16,566,423 | -252,089 | -17,545 | |||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -241,059 | 2,491,059 | -20,000,000 | -17,331,893 | 1,594,670 | 35,161,423 | -3 | 575,803 | |||||||
| Debtors | -1,917,208 | 3,651,393 | 2,722,956 | 532,264 | 6,920 | -68,932 | 31,878 | -59,388 | -182,869 | 382,929 | |||||
| Creditors | -1,196,957 | -28,870 | 1,060,617 | 189,234 | -34,072 | -9,918 | -79,131 | -295,830 | -92,780 | 517,982 | -575,800 | 575,800 | |||
| Accruals and Deferred Income | -1,604,133 | 2,355,841 | 905,239 | 2,287,779 | 2,025,000 | ||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -777,336 | 264,270 | -122,510 | 3,193,624 | -489,579 | 18,680,569 | -547,248 | 529,028 | -1,756,670 | -35,043,915 | -575,797 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 150 | ||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -778,538 | 778,538 | |||||||||||||
| Group/Directors Accounts | 85,867 | 257,670 | -2,690,664 | 506,177 | -5,295,144 | -11,764,635 | 1,068,251 | -292,324 | 1,517,215 | 35,071,140 | 575,800 | ||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -509 | -48 | -198 | -51 | -73 | -177 | -193 | -308 | -295 | -16 | |||||
| cash flow from financing | 85,358 | 257,622 | -2,690,862 | 506,126 | -5,295,217 | -11,764,722 | 1,068,058 | -1,071,170 | 2,295,458 | 35,071,124 | 575,800 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | -691,978 | 521,892 | -2,813,372 | 3,699,750 | -5,784,796 | 6,915,847 | 520,810 | -542,142 | 538,638 | 27,209 | 3 | ||||
| overdraft | |||||||||||||||
| change in cash | -691,978 | 521,892 | -2,813,372 | 3,699,750 | -5,784,796 | 6,915,847 | 520,810 | -542,142 | 538,638 | 27,209 | 3 |
friargate coventry development limited Credit Report and Business Information
Friargate Coventry Development Limited Competitor Analysis
Perform a competitor analysis for friargate coventry development limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in CB6 area or any other competitors across 12 key performance metrics.
friargate coventry development limited Ownership
FRIARGATE COVENTRY DEVELOPMENT LIMITED group structure
Friargate Coventry Development Limited has no subsidiary companies.
Ultimate parent company
BAZIEN LIMITED
IE596175
2 parents
FRIARGATE COVENTRY DEVELOPMENT LIMITED
03534033
friargate coventry development limited directors
Friargate Coventry Development Limited currently has 3 directors. The longest serving directors include Mr Owen Kirk (Jun 1998) and Mr Michael Cannon (Jun 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Owen Kirk | Ireland | 72 years | Jun 1998 | - | Director |
| Mr Michael Cannon | England | 68 years | Jun 1998 | - | Director |
| Mr Cathal Cannon | 71 years | Jun 1998 | - | Director |
P&L
January 2024turnover
3.1m
-89%
operating profit
106.5k
-93%
gross margin
13.4%
+110.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
-15.3m
-0.01%
total assets
9.7m
-0.21%
cash
2.4m
-0.22%
net assets
Total assets minus all liabilities
friargate coventry development limited company details
company number
03534033
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
March 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2024
previous names
edencross construction limited (April 2014)
accountant
-
auditor
WOODS AND PARTNERS LIMITED
address
unit 2c saxon business park, littleport, cambridgeshire, CB6 1XX
Bank
ALLIED IRISH BANKS (GB) PLC
Legal Advisor
EVERSHEDS SUTHERLAND (INTERNATIONAL) LLP
friargate coventry development 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 did not find charges/mortgages relating to friargate coventry development limited.
friargate coventry development 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.
Click to start generating capital raising & share issue transactions for FRIARGATE COVENTRY DEVELOPMENT LIMITED. This can take several minutes, an email will notify you when this has completed.
friargate coventry development limited Companies House Filings - See Documents
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