fortuno international developments limited

fortuno international developments limited Company Information

Share FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED
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MatureMicroDeclining

Company Number

05244125

Industry

Development of building projects

 

Shareholders

solaris travel ltd

Group Structure

View All

Contact

Registered Address

2nd floor medway bridge house, 1-8 fairmeadow, maidstone, kent, ME14 1JP

fortuno international developments limited Estimated Valuation

£61.4k

Pomanda estimates the enterprise value of FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED at £61.4k based on a Turnover of £181.3k and 0.34x industry multiple (adjusted for size and gross margin).

fortuno international developments limited Estimated Valuation

£4.5k

Pomanda estimates the enterprise value of FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED at £4.5k based on an EBITDA of £1.8k and a 2.45x industry multiple (adjusted for size and gross margin).

fortuno international developments limited Estimated Valuation

£61.4k

Pomanda estimates the enterprise value of FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED at £61.4k based on Net Assets of £44.6k and 1.38x industry multiple (adjusted for liquidity).

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Fortuno International Developments Limited Overview

Fortuno International Developments Limited is a live company located in maidstone, ME14 1JP with a Companies House number of 05244125. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2004, it's largest shareholder is solaris travel ltd with a 100% stake. Fortuno International Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £181.3k with declining growth in recent years.

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Fortuno International Developments Limited Health Check

Pomanda's financial health check has awarded Fortuno International Developments Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

8 Weak

size

Size

annual sales of £181.3k, make it smaller than the average company (£2.3m)

£181.3k - Fortuno International Developments Limited

£2.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -57%, show it is growing at a slower rate (6%)

-57% - Fortuno International Developments Limited

6% - Industry AVG

production

Production

with a gross margin of 9%, this company has a higher cost of product (26%)

9% - Fortuno International Developments Limited

26% - Industry AVG

profitability

Profitability

an operating margin of 1% make it less profitable than the average company (7.6%)

1% - Fortuno International Developments Limited

7.6% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (6)

2 - Fortuno International Developments Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.4k, the company has an equivalent pay structure (£48.4k)

£48.4k - Fortuno International Developments Limited

£48.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £90.6k, this is less efficient (£286.1k)

£90.6k - Fortuno International Developments Limited

£286.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 122 days, this is later than average (27 days)

122 days - Fortuno International Developments Limited

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (31 days)

15 days - Fortuno International Developments Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fortuno International Developments Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Fortuno International Developments Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 26.6%, this is a lower level of debt than the average (73.7%)

26.6% - Fortuno International Developments Limited

73.7% - Industry AVG

FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED financials

EXPORTms excel logo

Fortuno International Developments Limited's latest turnover from March 2024 is estimated at £181.3 thousand and the company has net assets of £44.6 thousand. According to their latest financial statements, Fortuno International Developments Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover181,2852,049,9862,368,2922,292,5422,475,9282,324,1622,331,5622,303,1593,100,3862,758,2141,851,6751,775,3251,693,0741,630,2941,683,773
Other Income Or Grants000000000000000
Cost Of Sales165,0511,858,1372,161,5532,093,1362,232,6342,085,9112,084,1842,034,2422,737,9262,454,9931,648,8431,585,3011,524,8551,461,9811,511,545
Gross Profit16,234191,849206,740199,406243,294238,251247,379268,917362,461303,221202,832190,024168,218168,313172,228
Admin Expenses14,406-16,009208,946203,097244,870239,496248,977271,024247,136325,475209,593209,969174,10097,684373,307
Operating Profit1,828207,858-2,206-3,691-1,576-1,245-1,598-2,107115,325-22,254-6,761-19,945-5,88270,629-201,079
Interest Payable000000000000000
Interest Receivable00000000081716954
Pre-Tax Profit1,828207,858-2,206-3,691-1,576-1,245-1,598-2,107115,325-22,246-6,744-19,929-5,87370,635-201,075
Tax-457-39,493000000-23,0650000-19,7780
Profit After Tax1,371168,365-2,206-3,691-1,576-1,245-1,598-2,10792,260-22,246-6,744-19,929-5,87350,857-201,075
Dividends Paid000000000000000
Retained Profit1,371168,365-2,206-3,691-1,576-1,245-1,598-2,10792,260-22,246-6,744-19,929-5,87350,857-201,075
Employee Costs96,75892,13589,00788,73586,60485,54684,28383,180205,001154,020111,137107,233104,793101,951101,160
Number Of Employees222222225433333
EBITDA*1,828207,858-2,206-3,691-1,576-1,245-1,598-2,107115,325-22,245-6,761-19,882-5,63570,914-200,794

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets00000000000063310595
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets00000000000063310595
Stock & work in progress0000000000550,000550,000550,000550,000500,000
Trade Debtors60,695627,000654,848654,448653,398652,398652,398650,716647,216550,00000000
Group Debtors000000000000000
Misc Debtors000000000000000
Cash00000000003,3853,4103,1334541,661
misc current assets000000000000000
total current assets60,695627,000654,848654,448653,398652,398652,398650,716647,216550,000553,385553,410553,133550,454501,661
total assets60,695627,000654,848654,448653,398652,398652,398650,716647,216550,000553,385553,410553,196550,764502,256
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 7,000574,233776,845774,239769,499766,953766,259762,558759,966755,010736,148729,429709,286700,981703,330
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities7,000574,233776,845774,239769,499766,953766,259762,558759,966755,010736,148729,429709,286700,981703,330
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income9,1329,5753,1763,1763,1753,1452,5943,0150000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities9,1329,5753,1763,1763,1753,1452,5943,0150000000
total liabilities16,132583,808780,021777,415772,674770,098768,853765,573759,966755,010736,148729,429709,286700,981703,330
net assets44,56343,192-125,173-122,967-119,276-117,700-116,455-114,857-112,750-205,010-182,763-176,019-156,090-150,217-201,074
total shareholders funds44,56343,192-125,173-122,967-119,276-117,700-116,455-114,857-112,750-205,010-182,763-176,019-156,090-150,217-201,074
Mar 2024Mar 2023Mar 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,828207,858-2,206-3,691-1,576-1,245-1,598-2,107115,325-22,254-6,761-19,945-5,88270,629-201,079
Depreciation0000000000063247285285
Amortisation000000000900000
Tax-457-39,493000000-23,0650000-19,7780
Stock000000000-550,00000050,000500,000
Debtors-566,305-27,8484001,0501,00001,6823,50097,216550,00000000
Creditors-567,233-202,6122,6064,7402,5466943,7012,5924,95618,8626,71920,1438,305-2,349703,330
Accruals and Deferred Income-4436,3990130551-4213,0150000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations000000000-3,383-422612,670-1,2132,536
Investing Activities
capital expenditure000000000-90000-880
Change in Investments000000000000000
cash flow from investments000000000-90000-880
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000-100001
interest00000000081716954
cash flow from financing00000000071716955
cash and cash equivalents
cash000000000-3,385-252772,679-1,2071,661
overdraft000000000000000
change in cash000000000-3,385-252772,679-1,2071,661

fortuno international developments limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fortuno International Developments Limited Competitor Analysis

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Perform a competitor analysis for fortuno international developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in ME14 area or any other competitors across 12 key performance metrics.

fortuno international developments limited Ownership

FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED group structure

Fortuno International Developments Limited has no subsidiary companies.

Ultimate parent company

1 parent

FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED

05244125

FORTUNO INTERNATIONAL DEVELOPMENTS LIMITED Shareholders

solaris travel ltd 100%

fortuno international developments limited directors

Fortuno International Developments Limited currently has 2 directors. The longest serving directors include Ms Berna Benedek (Oct 2004) and Mr Edward Benedek (Oct 2004).

officercountryagestartendrole
Ms Berna BenedekUnited Kingdom58 years Oct 2004- Director
Mr Edward BenedekUnited Kingdom54 years Oct 2004- Director

P&L

March 2024

turnover

181.3k

-91%

operating profit

1.8k

0%

gross margin

9%

-4.31%

turnover

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

Balance Sheet

March 2024

net assets

44.6k

+0.03%

total assets

60.7k

-0.9%

cash

0

0%

net assets

Total assets minus all liabilities

fortuno international developments limited company details

company number

05244125

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

September 2004

age

21

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

avaden limited (October 2004)

accountant

-

auditor

-

address

2nd floor medway bridge house, 1-8 fairmeadow, maidstone, kent, ME14 1JP

Bank

-

Legal Advisor

-

fortuno international 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 did not find charges/mortgages relating to fortuno international developments limited.

fortuno international 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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fortuno international developments limited Companies House Filings - See Documents

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