ideal developments (kidderminster) limited
ideal developments (kidderminster) limited Company Information
Company Number
07484653
Website
-Registered Address
optimum house, 39b birmingham road, blakedown, worcestershire, DY10 3JW
Industry
Development of building projects
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
mkdl holdings ltd 100%
ideal developments (kidderminster) limited Estimated Valuation
Pomanda estimates the enterprise value of IDEAL DEVELOPMENTS (KIDDERMINSTER) LIMITED at £126.2k based on a Turnover of £230.1k and 0.55x industry multiple (adjusted for size and gross margin).
ideal developments (kidderminster) limited Estimated Valuation
Pomanda estimates the enterprise value of IDEAL DEVELOPMENTS (KIDDERMINSTER) LIMITED at £0 based on an EBITDA of £-198.7k and a 4.16x industry multiple (adjusted for size and gross margin).
ideal developments (kidderminster) limited Estimated Valuation
Pomanda estimates the enterprise value of IDEAL DEVELOPMENTS (KIDDERMINSTER) LIMITED at £309.2k based on Net Assets of £199.7k and 1.55x industry multiple (adjusted for liquidity).
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Ideal Developments (kidderminster) Limited Overview
Ideal Developments (kidderminster) Limited is a dissolved company that was located in blakedown, DY10 3JW with a Companies House number of 07484653. It operated in the development of building projects sector, SIC Code 41100. Founded in January 2011, it's largest shareholder was mkdl holdings ltd with a 100% stake. The last turnover for Ideal Developments (kidderminster) Limited was estimated at £230.1k.
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Ideal Developments (kidderminster) Limited Health Check
Pomanda's financial health check has awarded Ideal Developments (Kidderminster) Limited a 3.5 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 £230.1k, make it smaller than the average company (£1.6m)
- Ideal Developments (kidderminster) Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (4%)
- Ideal Developments (kidderminster) Limited
4% - Industry AVG
Production
with a gross margin of 27.5%, this company has a comparable cost of product (27.5%)
- Ideal Developments (kidderminster) Limited
27.5% - Industry AVG
Profitability
an operating margin of -90.2% make it less profitable than the average company (11.8%)
- Ideal Developments (kidderminster) Limited
11.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Ideal Developments (kidderminster) Limited
6 - Industry AVG
Pay Structure
on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)
- Ideal Developments (kidderminster) Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £76.7k, this is less efficient (£264.8k)
- Ideal Developments (kidderminster) Limited
£264.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (28 days)
- Ideal Developments (kidderminster) Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (31 days)
- Ideal Developments (kidderminster) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ideal Developments (kidderminster) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 58 weeks, this is more cash available to meet short term requirements (11 weeks)
58 weeks - Ideal Developments (kidderminster) Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.5%, this is a similar level of debt than the average (72.1%)
77.5% - Ideal Developments (kidderminster) Limited
72.1% - Industry AVG
IDEAL DEVELOPMENTS (KIDDERMINSTER) LIMITED financials
Ideal Developments (Kidderminster) Limited's latest turnover from April 2019 is estimated at £230.1 thousand and the company has net assets of £199.7 thousand. According to their latest financial statements, Ideal Developments (Kidderminster) Limited has 3 employees and maintains cash reserves of £740.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 4 | 4 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 25,933 | 13,028 | 17,419 | 13,330 | 17,600 | 20,000 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 | 35,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 60,933 | 48,028 | 52,419 | 48,330 | 52,600 | 55,000 | 35,000 | 35,000 |
| Stock & work in progress | 0 | 470,326 | 120,543 | 212,342 | 176,034 | 85,475 | 0 | 0 |
| Trade Debtors | 400 | 0 | 128 | 1,200 | 32,235 | 171,725 | 6,677 | 3,485 |
| Group Debtors | 75,000 | 85,103 | 207,103 | 5,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,945 | 5,917 | 10,793 | 8,034 | 0 | 0 | 0 | 0 |
| Cash | 740,415 | 232,493 | 450,003 | 232,808 | 90,844 | 2,536 | 12,415 | 7,314 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 825,760 | 793,839 | 788,570 | 459,384 | 299,113 | 259,736 | 19,092 | 10,799 |
| total assets | 886,693 | 841,867 | 840,989 | 507,714 | 351,713 | 314,736 | 54,092 | 45,799 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,000 | 0 | 0 | 0 | 315,183 | 281,340 | 49,537 | 45,031 |
| Group/Directors Accounts | 298,945 | 15,000 | 15,000 | 43,897 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 352,816 | 413,363 | 413,999 | 351,085 | 0 | 0 | 0 | 0 |
| total current liabilities | 659,761 | 428,363 | 428,999 | 394,982 | 315,183 | 281,340 | 49,537 | 45,031 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 22,267 | 7,490 | 11,236 | 7,200 | 10,800 | 14,400 | 0 | 0 |
| provisions | 4,927 | 2,475 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 27,194 | 9,965 | 11,236 | 7,200 | 10,800 | 14,400 | 0 | 0 |
| total liabilities | 686,955 | 438,328 | 440,235 | 402,182 | 325,983 | 295,740 | 49,537 | 45,031 |
| net assets | 199,738 | 403,539 | 400,754 | 105,532 | 25,730 | 18,996 | 4,555 | 768 |
| total shareholders funds | 199,738 | 403,539 | 400,754 | 105,532 | 25,730 | 18,996 | 4,555 | 768 |
| Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 8,753 | 4,391 | 5,748 | 4,270 | 5,650 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | -470,326 | 349,783 | -91,799 | 36,308 | 90,559 | 85,475 | 0 | 0 |
| Debtors | -5,675 | -127,004 | 203,790 | -18,001 | -139,490 | 165,048 | 3,192 | 3,485 |
| Creditors | 8,000 | 0 | 0 | -315,183 | 33,843 | 231,803 | 4,506 | 45,031 |
| Accruals and Deferred Income | -60,547 | -636 | 62,914 | 351,085 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 2,452 | 2,475 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 283,945 | 0 | -28,897 | 43,897 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 14,777 | -3,746 | 4,036 | -3,600 | -3,600 | 14,400 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 507,922 | -217,510 | 217,195 | 141,964 | 88,308 | -9,879 | 5,101 | 7,314 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 507,922 | -217,510 | 217,195 | 141,964 | 88,308 | -9,879 | 5,101 | 7,314 |
ideal developments (kidderminster) limited Credit Report and Business Information
Ideal Developments (kidderminster) Limited Competitor Analysis
Perform a competitor analysis for ideal developments (kidderminster) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in DY10 area or any other competitors across 12 key performance metrics.
ideal developments (kidderminster) limited Ownership
IDEAL DEVELOPMENTS (KIDDERMINSTER) LIMITED group structure
Ideal Developments (Kidderminster) Limited has no subsidiary companies.
Ultimate parent company
1 parent
IDEAL DEVELOPMENTS (KIDDERMINSTER) LIMITED
07484653
ideal developments (kidderminster) limited directors
Ideal Developments (Kidderminster) Limited currently has 3 directors. The longest serving directors include Mrs Katie Albutt (Jan 2011) and Mr Mark Albutt (Jan 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Katie Albutt | England | 58 years | Jan 2011 | - | Director |
| Mr Mark Albutt | England | 61 years | Jan 2011 | - | Director |
| Mr Dale Albutt | England | 37 years | Jul 2012 | - | Director |
P&L
April 2019turnover
230.1k
-77%
operating profit
-207.4k
0%
gross margin
27.5%
-4.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2019net assets
199.7k
-0.51%
total assets
886.7k
+0.05%
cash
740.4k
+2.18%
net assets
Total assets minus all liabilities
ideal developments (kidderminster) limited company details
company number
07484653
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2011
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2019
previous names
N/A
accountant
ORMEROD RUTTER LIMITED
auditor
-
address
optimum house, 39b birmingham road, blakedown, worcestershire, DY10 3JW
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
ideal developments (kidderminster) 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 ideal developments (kidderminster) limited.
ideal developments (kidderminster) limited Companies House Filings - See Documents
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