k10 developments ltd
k10 developments ltd Company Information
Group Structure
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Industry
Development of building projects
Registered Address
683-693 wilmslow road, didsbury, manchester, M20 6RE
Website
www.k10group.co.ukk10 developments ltd Estimated Valuation
Pomanda estimates the enterprise value of K10 DEVELOPMENTS LTD at £2.8m based on a Turnover of £5.2m and 0.55x industry multiple (adjusted for size and gross margin).
k10 developments ltd Estimated Valuation
Pomanda estimates the enterprise value of K10 DEVELOPMENTS LTD at £935.3k based on an EBITDA of £222.2k and a 4.21x industry multiple (adjusted for size and gross margin).
k10 developments ltd Estimated Valuation
Pomanda estimates the enterprise value of K10 DEVELOPMENTS LTD at £0 based on Net Assets of £-663.9k and 1.49x industry multiple (adjusted for liquidity).
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K10 Developments Ltd Overview
K10 Developments Ltd is a live company located in manchester, M20 6RE with a Companies House number of 06480015. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2008, it's largest shareholder is kambiz babaee with a 100% stake. K10 Developments Ltd is a established, mid sized company, Pomanda has estimated its turnover at £5.2m with declining growth in recent years.
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K10 Developments Ltd Health Check
Pomanda's financial health check has awarded K10 Developments Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £5.2m, make it larger than the average company (£2m)
- K10 Developments Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (2.1%)
- K10 Developments Ltd
2.1% - Industry AVG
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- K10 Developments Ltd
25.9% - Industry AVG
Profitability
an operating margin of 4.3% make it less profitable than the average company (8.6%)
- K10 Developments Ltd
8.6% - Industry AVG
Employees
with 4 employees, this is below the industry average (6)
4 - K10 Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £45.3k, the company has an equivalent pay structure (£45.3k)
- K10 Developments Ltd
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£257.9k)
- K10 Developments Ltd
£257.9k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (30 days)
- K10 Developments Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (31 days)
- K10 Developments Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (161 days)
- K10 Developments Ltd
161 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - K10 Developments Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 155.1%, this is a higher level of debt than the average (73.8%)
155.1% - K10 Developments Ltd
73.8% - Industry AVG
K10 DEVELOPMENTS LTD financials
K10 Developments Ltd's latest turnover from January 2023 is estimated at £5.2 million and the company has net assets of -£663.9 thousand. According to their latest financial statements, K10 Developments Ltd has 4 employees and maintains cash reserves of £7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,846 | 3,939 | 3,512 | 4,273 | 4,160 | 4,209 | 4,509 | 3,399 | 5,739 | 7,285 | 9,307 | 9,869 | 11,661 | 13,797 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 100 | 100 | |||||||
| Debtors (Due After 1 year) | 183,747 | |||||||||||||
| Total Fixed Assets | 4,846 | 3,939 | 3,512 | 4,273 | 187,908 | 4,210 | 4,510 | 3,400 | 5,740 | 7,385 | 9,407 | 9,869 | 11,661 | 13,797 |
| Stock & work in progress | 20,207 | 60,000 | 60,000 | 60,000 | 219,305 | 29,935 | ||||||||
| Trade Debtors | 957,236 | 956,938 | 956,935 | 956,938 | 956,936 | 4,629,054 | 3,353,269 | 1,783,159 | 937,547 | 943,312 | 314,512 | 177,522 | 296,328 | 188,099 |
| Group Debtors | ||||||||||||||
| Misc Debtors | 215,326 | 202,139 | 651,022 | 6,026,131 | 1,264,102 | 1,515,809 | 1,606,373 | 984,938 | ||||||
| Cash | 6,951 | 53,388 | 121,586 | 135,072 | 10,203 | 18,170 | 242 | 14,814 | ||||||
| misc current assets | 116,444 | |||||||||||||
| total current assets | 1,199,720 | 1,159,077 | 1,661,345 | 7,104,655 | 2,472,554 | 6,155,066 | 4,959,642 | 2,768,097 | 997,547 | 1,021,482 | 374,512 | 396,827 | 326,505 | 202,913 |
| total assets | 1,204,566 | 1,163,016 | 1,664,857 | 7,108,928 | 2,660,462 | 6,159,276 | 4,964,152 | 2,771,497 | 1,003,287 | 1,028,867 | 383,919 | 406,696 | 338,166 | 216,710 |
| Bank overdraft | 10,000 | 29,091 | 29,773 | |||||||||||
| Bank loan | 125,502 | |||||||||||||
| Trade Creditors | 422,074 | 434,152 | 422,780 | 355,941 | 361,911 | 41,862 | 125,449 | 254,160 | 1,121,174 | 880,480 | 326,044 | 326,238 | 340,828 | 135,442 |
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 1,413,099 | 1,505,120 | 2,091,943 | 7,624,572 | 3,101,752 | 6,255,288 | 4,960,790 | 2,511,786 | ||||||
| total current liabilities | 1,845,173 | 1,968,363 | 2,514,723 | 7,980,513 | 3,463,663 | 6,297,150 | 5,116,012 | 2,891,448 | 1,121,174 | 880,480 | 326,044 | 326,238 | 340,828 | 135,442 |
| loans | 23,333 | 34,267 | 50,000 | |||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 5,226 | 8,524 | 11,823 | |||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 23,333 | 34,267 | 50,000 | 5,226 | 8,524 | 11,823 | ||||||||
| total liabilities | 1,868,506 | 2,002,630 | 2,564,723 | 7,980,513 | 3,463,663 | 6,297,150 | 5,116,012 | 2,891,448 | 1,121,174 | 880,480 | 326,044 | 331,464 | 349,352 | 147,265 |
| net assets | -663,940 | -839,614 | -899,866 | -871,585 | -803,201 | -137,874 | -151,860 | -119,951 | -117,887 | 148,387 | 57,875 | 75,232 | -11,186 | 69,445 |
| total shareholders funds | -663,940 | -839,614 | -899,866 | -871,585 | -803,201 | -137,874 | -151,860 | -119,951 | -117,887 | 148,387 | 57,875 | 75,232 | -11,186 | 69,445 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 860 | 680 | 761 | 970 | 881 | 842 | 879 | 1,369 | 1,546 | 2,022 | 3,253 | 3,002 | 3,618 | 4,300 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | 20,207 | -60,000 | -159,305 | 189,370 | 29,935 | |||||||||
| Debtors | 13,485 | -448,880 | -5,375,112 | 4,578,284 | -3,740,078 | 1,185,221 | 2,191,545 | 1,830,550 | -5,765 | 628,800 | 136,990 | -118,806 | 108,229 | 188,099 |
| Creditors | -12,078 | 11,372 | 66,839 | -5,970 | 320,049 | -83,587 | -128,711 | -867,014 | 240,694 | 554,436 | -194 | -14,590 | 205,386 | 135,442 |
| Accruals and Deferred Income | -92,021 | -586,823 | -5,532,629 | 4,522,820 | -3,153,536 | 1,294,498 | 2,449,004 | 2,511,786 | ||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -1 | -99 | 100 | |||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -125,502 | 125,502 | ||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -10,934 | -15,733 | 50,000 | |||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -5,226 | -3,298 | -3,299 | 11,823 | ||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 6,951 | -53,388 | -68,198 | -13,486 | 124,869 | 10,203 | -18,170 | 18,170 | -242 | -14,572 | 14,814 | |||
| overdraft | -19,091 | 29,091 | -29,773 | 29,773 | ||||||||||
| change in cash | 26,042 | -82,479 | -68,198 | -13,486 | 124,869 | 39,976 | -29,773 | -18,170 | 18,170 | -242 | -14,572 | 14,814 |
k10 developments ltd Credit Report and Business Information
K10 Developments Ltd Competitor Analysis
Perform a competitor analysis for k10 developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in M20 area or any other competitors across 12 key performance metrics.
k10 developments ltd Ownership
K10 DEVELOPMENTS LTD group structure
K10 Developments Ltd has no subsidiary companies.
Ultimate parent company
K10 DEVELOPMENTS LTD
06480015
k10 developments ltd directors
K10 Developments Ltd currently has 1 director, Mr Kambiz Babaee serving since Jan 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kambiz Babaee | United Kingdom | 58 years | Jan 2008 | - | Director |
P&L
January 2023turnover
5.2m
-9%
operating profit
221.4k
0%
gross margin
25.9%
+5.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
-663.9k
-0.21%
total assets
1.2m
+0.04%
cash
7k
0%
net assets
Total assets minus all liabilities
k10 developments ltd company details
company number
06480015
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2008
age
17
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2023
previous names
N/A
accountant
-
auditor
-
address
683-693 wilmslow road, didsbury, manchester, M20 6RE
Bank
-
Legal Advisor
-
k10 developments ltd 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 k10 developments ltd.
k10 developments ltd 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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k10 developments ltd Companies House Filings - See Documents
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