formation homes (no.3) limited
formation homes (no.3) limited Company Information
Company Number
09024351
Website
-Registered Address
oakwood house hackney road, london, E2 7SY
Industry
Development of building projects
Telephone
02079207590
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
zandra jersey limited 100%
formation homes (no.3) limited Estimated Valuation
Pomanda estimates the enterprise value of FORMATION HOMES (NO.3) LIMITED at £12.3k based on a Turnover of £34.8k and 0.35x industry multiple (adjusted for size and gross margin).
formation homes (no.3) limited Estimated Valuation
Pomanda estimates the enterprise value of FORMATION HOMES (NO.3) LIMITED at £0 based on an EBITDA of £-8.2k and a 2.65x industry multiple (adjusted for size and gross margin).
formation homes (no.3) limited Estimated Valuation
Pomanda estimates the enterprise value of FORMATION HOMES (NO.3) LIMITED at £0 based on Net Assets of £-8.5k and 1.34x industry multiple (adjusted for liquidity).
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Formation Homes (no.3) Limited Overview
Formation Homes (no.3) Limited is a live company located in london, E2 7SY with a Companies House number of 09024351. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2014, it's largest shareholder is zandra jersey limited with a 100% stake. Formation Homes (no.3) Limited is a established, micro sized company, Pomanda has estimated its turnover at £34.8k with rapid growth in recent years.
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Formation Homes (no.3) Limited Health Check
Pomanda's financial health check has awarded Formation Homes (No.3) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £34.8k, make it smaller than the average company (£2.3m)
- Formation Homes (no.3) Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 310%, show it is growing at a faster rate (3.2%)
- Formation Homes (no.3) Limited
3.2% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (26.2%)
- Formation Homes (no.3) Limited
26.2% - Industry AVG
Profitability
an operating margin of -23.6% make it less profitable than the average company (7.1%)
- Formation Homes (no.3) Limited
7.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Formation Homes (no.3) Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
- Formation Homes (no.3) Limited
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £34.8k, this is less efficient (£287.8k)
- Formation Homes (no.3) Limited
£287.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Formation Homes (no.3) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (30 days)
- Formation Homes (no.3) Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Formation Homes (no.3) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Formation Homes (no.3) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8571%, this is a higher level of debt than the average (74.6%)
8571% - Formation Homes (no.3) Limited
74.6% - Industry AVG
FORMATION HOMES (NO.3) LIMITED financials
Formation Homes (No.3) Limited's latest turnover from August 2023 is estimated at £34.8 thousand and the company has net assets of -£8.5 thousand. According to their latest financial statements, we estimate that Formation Homes (No.3) Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 100 | 100 | 100 | 12 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 100 | 100 | 100 | 12 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 |
| total assets | 100 | 100 | 100 | 15 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,571 | 353 | 340 | 242 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 8,571 | 353 | 340 | 242 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 8,571 | 353 | 340 | 242 | 0 | 0 | 0 | 0 | 0 |
| net assets | -8,471 | -253 | -240 | -227 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | -8,471 | -253 | -240 | -227 | 0 | 0 | 0 | 0 | 0 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | |||||
| Amortisation | 0 | 0 | 0 | 0 | |||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | -3 | 3 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 8,218 | 13 | 98 | 242 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
formation homes (no.3) limited Credit Report and Business Information
Formation Homes (no.3) Limited Competitor Analysis
Perform a competitor analysis for formation homes (no.3) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in E 2 area or any other competitors across 12 key performance metrics.
formation homes (no.3) limited Ownership
FORMATION HOMES (NO.3) LIMITED group structure
Formation Homes (No.3) Limited has no subsidiary companies.
Ultimate parent company
ZANDRA JERSEY LTD
#0121713
1 parent
FORMATION HOMES (NO.3) LIMITED
09024351
formation homes (no.3) limited directors
Formation Homes (No.3) Limited currently has 3 directors. The longest serving directors include Mr David Kennedy (May 2014) and Mr Richard O'Carroll (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Kennedy | 46 years | May 2014 | - | Director | |
| Mr Richard O'Carroll | 64 years | May 2014 | - | Director | |
| Mr Patrick Kennedy | United Kingdom | 43 years | May 2016 | - | Director |
P&L
August 2023turnover
34.8k
+2405%
operating profit
-8.2k
0%
gross margin
9.6%
-0.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
-8.5k
+32.48%
total assets
100
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
formation homes (no.3) limited company details
company number
09024351
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2014
age
10
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
August 2023
address
oakwood house hackney road, london, E2 7SY
accountant
-
auditor
-
formation homes (no.3) 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 found 2 charges/mortgages relating to formation homes (no.3) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
formation homes (no.3) limited Companies House Filings - See Documents
| date | description | view/download |
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