Heritage Developments Limited

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heritage developments limited Company Information

Company Number

04857298

Next Accounts

Jan 2026

Directors

John Maynard

Toby Ashworth

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Shareholders

john edward maynard

Group Structure

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Industry

Development of building projects

Registered Address

unit 17 manor farm barns, framingham pigot, norwich, NR14 7PZ

Website

www.heritage-developments-uk.com

heritage developments limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of HERITAGE DEVELOPMENTS LIMITED at £5.6m based on a Turnover of £9.3m and 0.61x industry multiple (adjusted for size and gross margin).

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Heritage Developments Limited is a live company located in norwich, NR14 7PZ with a Companies House number of 04857298. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2003, it's largest shareholder is john edward maynard with a 100% stake. Heritage Developments Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Heritage Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £9.3m, make it larger than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.9%)

EXPORT

Heritage Developments Limited's latest turnover from April 2024 is estimated at £9.3 million and the company has net assets of -£3.2 million. According to their latest financial statements, Heritage Developments Limited has 12 employees and maintains cash reserves of £6.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	9,266,510	10,222,612	9,329,587	10,182,292	8,234,285	11,142,612	7,039,445	6,330,048	4,261,477	21,134,074	9,154,641	19,167,661	2,795,857	6,918,946	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,816,479	7,519,098	6,976,659	7,756,479	6,017,332	8,015,694	4,929,865	4,361,605	2,977,486	15,146,459	6,474,129	13,875,846	2,053,722	5,005,319	0
Gross Profit	2,450,031	2,703,514	2,352,927	2,425,813	2,216,953	3,126,918	2,109,580	1,968,443	1,283,991	5,987,614	2,680,512	5,291,815	742,134	1,913,628	0
Admin Expenses	5,350,480	3,461,160	2,344,998	3,009,640	5,605,566	4,450,208	1,024,158	2,365,129	2,657,367	5,942,867	2,720,465	5,053,869	953,974	1,902,891	457,149
Operating Profit	-2,900,449	-757,646	7,929	-583,827	-3,388,613	-1,323,290	1,085,422	-396,686	-1,373,376	44,747	-39,953	237,946	-211,840	10,737	-457,149
Interest Payable	0	0	16,875	173,113	467,113	532,504	353,678	177,048	61,636	246,977	469,924	222,947	0	0	0
Interest Receivable	252,805	121,156	17,032	1,188	1,614	239	473	315	314	251	104	108	15	77	66
Pre-Tax Profit	-2,647,644	-636,490	8,086	-755,752	-3,854,112	-1,855,555	732,217	-573,419	-1,434,698	-201,979	-509,773	15,107	-211,825	10,814	-457,083
Tax	0	0	-1,536	0	0	0	-139,121	0	0	0	0	-3,626	0	-3,028	0
Profit After Tax	-2,647,644	-636,490	6,550	-755,752	-3,854,112	-1,855,555	593,096	-573,419	-1,434,698	-201,979	-509,773	11,481	-211,825	7,786	-457,083
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,647,644	-636,490	6,550	-755,752	-3,854,112	-1,855,555	593,096	-573,419	-1,434,698	-201,979	-509,773	11,481	-211,825	7,786	-457,083
Employee Costs	581,944	655,310	625,472	695,148	646,167	677,347	589,558	530,007	445,255	2,840,483	1,228,858	2,711,918	416,482	1,042,612	0
Number Of Employees	12	14	14	16	15	16	14	13	11	76	34	75	12	31	0
EBITDA*	-2,900,449	-745,118	22,724	-560,019	-3,376,572	-1,304,636	1,096,540	-385,540	-1,359,600	56,032	-27,160	258,929	-185,052	44,777	-429,553

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	10,765	22,721	33,712	48,260	33,806	42,644	24,766	26,256	24,735	32,912	36,684	36,795	35,828	75,534	64,437
Intangible Assets	0	0	0	0	0	1,131	2,262	3,393	4,524	0	0	0	0	0	0
Investments & Other	0	0	0	0	1	1	1	1	1	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,765	22,721	33,712	48,260	33,807	43,776	27,029	29,650	29,260	32,912	36,684	36,795	35,828	75,534	64,437
Stock & work in progress	2,393,202	5,848,633	8,800,523	10,633,304	13,909,046	18,193,889	16,473,426	16,001,945	7,717,752	5,013,183	7,708,214	6,817,676	6,404,658	4,635,718	5,973,994
Trade Debtors	8,680	10,391	13,018	11,482	8,875	102,984	45,816	51,770	27,460	2,607,156	423,439	1,898,737	81,421	948,275	90,003
Group Debtors	0	0	0	0	1,482,110	1,457,433	1,346,946	1,118,426	985,707	0	0	0	0	0	0
Misc Debtors	610,813	3,965,256	2,546,685	1,234,119	673,500	6,663,198	4,930,693	777,315	3,377,911	0	49,868	0	130,895	90,924	0
Cash	6,524,426	3,106,238	2,595,235	1,946,633	430,118	338	63,331	126,000	125,758	100,282	104	41,673	1,627	4,299	26,536
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	9,537,121	12,930,518	13,955,461	13,825,538	16,503,649	26,417,842	22,860,212	18,075,456	12,234,588	7,720,621	8,181,625	8,758,086	6,618,601	5,679,216	6,090,533
total assets	9,547,886	12,953,239	13,989,173	13,873,798	16,537,456	26,461,618	22,887,241	18,105,106	12,263,848	7,753,533	8,218,309	8,794,881	6,654,429	5,754,750	6,154,970
Bank overdraft	0	0	0	0	0	21,459	0	110,651	501,500	0	0	0	0	0	0
Bank loan	0	0	0	500,000	5,151,159	7,875,982	1,289,474	0	0	0	0	0	0	0	0
Trade Creditors	3,070,382	2,883,120	2,489,264	2,714,806	1,875,443	2,670,032	1,269,175	1,278,257	960,915	1,770,920	1,778,430	2,584,605	450,811	407,311	984,487
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	24,688	767,094	800,978	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	16,627	5,011	4,314	4,000	0	0	0	0	0	0	0	0	0
other current liabilities	430,610	957,161	1,186,305	57,324	108,767	3,242,755	2,614,651	2,088,629	1,968,882	0	0	0	123,928	0	0
total current liabilities	3,500,992	3,840,281	3,692,196	3,277,141	7,164,371	14,581,322	5,974,278	3,477,537	3,431,297	1,770,920	1,778,430	2,584,605	574,739	407,311	984,487
loans	0	0	0	0	0	0	5,022,901	3,658,385	1,395,000	0	7,599,291	6,859,915	0	0	0
hp & lease commitments	0	0	0	16,627	23,269	27,584	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	9,204,916	9,623,336	10,170,865	10,460,468	16,474,502	15,123,286	13,305,081	12,977,299	8,872,247	7,344,004	0	0	6,740,810	5,796,734	5,627,564
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	9,204,916	9,623,336	10,170,865	10,477,095	16,497,771	15,150,870	18,327,982	16,635,684	10,267,247	7,344,004	7,599,291	6,859,915	6,740,810	5,796,734	5,627,564
total liabilities	12,705,908	13,463,617	13,863,061	13,754,236	23,662,142	29,732,192	24,302,260	20,113,221	13,698,544	9,114,924	9,377,721	9,444,520	7,315,549	6,204,045	6,612,051
net assets	-3,158,022	-510,378	126,112	119,562	-7,124,686	-3,270,574	-1,415,019	-2,008,115	-1,434,696	-1,361,391	-1,159,412	-649,639	-661,120	-449,295	-457,081
total shareholders funds	-3,158,022	-510,378	126,112	119,562	-7,124,686	-3,270,574	-1,415,019	-2,008,115	-1,434,696	-1,361,391	-1,159,412	-649,639	-661,120	-449,295	-457,081

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-2,900,449	-757,646	7,929	-583,827	-3,388,613	-1,323,290	1,085,422	-396,686	-1,373,376	44,747	-39,953	237,946	-211,840	10,737	-457,149
Depreciation	0	12,528	14,795	23,808	10,910	17,523	9,987	10,015	12,645	11,285	12,793	20,983	26,788	34,040	27,596
Amortisation	0	0	0	0	1,131	1,131	1,131	1,131	1,131	0	0	0	0	0	0
Tax	0	0	-1,536	0	0	0	-139,121	0	0	0	0	-3,626	0	-3,028	0
Stock	-3,455,431	-2,951,890	-1,832,781	-3,275,742	-4,284,843	1,720,463	471,481	8,284,193	7,717,752	-2,695,031	890,538	413,018	1,768,940	-1,338,276	5,973,994
Debtors	-3,356,154	1,415,944	1,314,102	-918,884	-6,059,130	1,900,160	4,375,944	-2,443,567	4,391,078	2,133,849	-1,425,430	1,686,421	-826,883	949,196	90,003
Creditors	187,262	393,856	-225,542	839,363	-794,589	1,400,857	-9,082	317,342	960,915	-7,510	-806,175	2,133,794	43,500	-577,176	984,487
Accruals and Deferred Income	-526,551	-229,144	1,128,981	-51,443	-3,133,988	628,104	526,022	119,747	1,968,882	0	0	-123,928	123,928	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	3,571,847	955,540	1,443,306	4,422,527	3,038,824	-2,896,298	-3,373,066	-5,789,077	-10,538,633	609,704	-298,443	165,730	-959,681	-146,347	-5,509,063
Investing Activities
capital expenditure	11,956	-1,537	-247	-38,262	-2,072	-35,401	-8,497	-11,536	-43,035	-7,513	-12,682	-21,950	12,918	-45,137	-92,033
Change in Investments	0	0	0	-1	0	0	0	0	1	0	0	0	0	0	0
cash flow from investments	11,956	-1,537	-247	-38,261	-2,072	-35,401	-8,497	-11,536	-43,036	-7,513	-12,682	-21,950	12,918	-45,137	-92,033
Financing Activities
Bank loans	0	0	-500,000	-4,651,159	-2,724,823	6,586,508	1,289,474	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	-24,688	-742,406	-33,884	800,978	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-5,022,901	1,364,516	2,263,385	1,395,000	-7,599,291	739,376	6,859,915	0	0	0
Hire Purchase and Lease Commitments	0	-16,627	-5,011	-5,945	-4,001	31,584	0	0	0	0	0	0	0	0	0
other long term liabilities	-418,420	-547,529	-289,603	-6,014,034	1,351,216	1,818,205	327,782	4,105,052	8,872,247	7,344,004	0	-6,740,810	944,076	169,170	5,627,564
share issue	0	0	0	8,000,000	0	0	0	0	2	0	0	0	0	0	2
interest	252,805	121,156	157	-171,925	-465,499	-532,265	-353,205	-176,733	-61,322	-246,726	-469,820	-222,839	15	77	66
cash flow from financing	-165,615	-443,000	-794,457	-2,867,751	-2,585,513	2,847,247	3,429,545	6,191,704	10,205,927	-502,013	269,556	-103,734	944,091	169,247	5,627,632
cash and cash equivalents
cash	3,418,188	511,003	648,602	1,516,515	429,780	-62,993	-62,669	242	125,758	100,178	-41,569	40,046	-2,672	-22,237	26,536
overdraft	0	0	0	0	-21,459	21,459	-110,651	-390,849	501,500	0	0	0	0	0	0
change in cash	3,418,188	511,003	648,602	1,516,515	451,239	-84,452	47,982	391,091	-375,742	100,178	-41,569	40,046	-2,672	-22,237	26,536

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HERITAGE DEVELOPMENTS LIMITED group structure

Heritage Developments Limited has no subsidiary companies.

Ultimate parent company

HERITAGE DEVELOPMENTS LIMITED

04857298

HERITAGE DEVELOPMENTS LIMITED Shareholders

john edward maynard

100%

Heritage Developments Limited currently has 3 directors. The longest serving directors include Mr John Maynard (Aug 2003) and Mr Toby Ashworth (Aug 2018).

officer	country	age	start	end	role
Mr John Maynard		78 years	Aug 2003	-	Director
Mr Toby Ashworth	England	47 years	Aug 2018	-	Director
Mr David Duffield	England	60 years	Jan 2020	-	Director

P&L

April 2024

turnover

9.3m

-9%

operating profit

-2.9m

gross margin

26.5%

-0.03%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2024

net assets

-3.2m

+5.19%

total assets

9.5m

-0.26%

cash

6.5m

+1.1%

net assets

Total assets minus all liabilities

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company number

04857298

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

August 2003

ultimate parent company

None

previous names

N/A

address

unit 17 manor farm barns, framingham pigot, norwich, NR14 7PZ

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 11 charges/mortgages relating to heritage developments limited. Currently there are 2 open charges and 9 have been satisfied in the past.

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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heritage developments limited Company Information

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heritage developments limited Estimated Valuation

heritage developments limited Estimated Valuation

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