foundocean group limited
foundocean group limited Company Information
Company Number
09080355
Next Accounts
Feb 2025
Shareholders
i. ambienta
keith miller
View AllGroup Structure
View All
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
c/o duff & phelps ltd the shard, 32 london bridge street, london, SE1 9SG
Website
-foundocean group limited Estimated Valuation
Pomanda estimates the enterprise value of FOUNDOCEAN GROUP LIMITED at £16.5m based on a Turnover of £21.5m and 0.77x industry multiple (adjusted for size and gross margin).
foundocean group limited Estimated Valuation
Pomanda estimates the enterprise value of FOUNDOCEAN GROUP LIMITED at £13.8m based on an EBITDA of £1.9m and a 7.22x industry multiple (adjusted for size and gross margin).
foundocean group limited Estimated Valuation
Pomanda estimates the enterprise value of FOUNDOCEAN GROUP LIMITED at £15.7m based on Net Assets of £7.1m and 2.21x industry multiple (adjusted for liquidity).
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Foundocean Group Limited Overview
Foundocean Group Limited is a dissolved company that was located in london, SE1 9SG with a Companies House number of 09080355. It operated in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in June 2014, it's largest shareholder was i. ambienta with a 48.6% stake. The last turnover for Foundocean Group Limited was estimated at £21.5m.
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Foundocean Group Limited Health Check
Pomanda's financial health check has awarded Foundocean Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £21.5m, make it larger than the average company (£3.4m)
£21.5m - Foundocean Group Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7%)
1% - Foundocean Group Limited
7% - Industry AVG
Production
with a gross margin of 38.6%, this company has a lower cost of product (25.2%)
38.6% - Foundocean Group Limited
25.2% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (6.5%)
-0.1% - Foundocean Group Limited
6.5% - Industry AVG
Employees
with 72 employees, this is above the industry average (36)
72 - Foundocean Group Limited
36 - Industry AVG
Pay Structure
on an average salary of £58.9k, the company has a higher pay structure (£42k)
£58.9k - Foundocean Group Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £298.4k, this is more efficient (£173.2k)
£298.4k - Foundocean Group Limited
£173.2k - Industry AVG
Debtor Days
it gets paid by customers after 98 days, this is later than average (58 days)
98 days - Foundocean Group Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (40 days)
102 days - Foundocean Group Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 126 days, this is more than average (12 days)
126 days - Foundocean Group Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (19 weeks)
3 weeks - Foundocean Group Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.1%, this is a similar level of debt than the average (64.8%)
71.1% - Foundocean Group Limited
64.8% - Industry AVG
FOUNDOCEAN GROUP LIMITED financials
Foundocean Group Limited's latest turnover from December 2017 is £21.5 million and the company has net assets of £7.1 million. According to their latest financial statements, Foundocean Group Limited has 72 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|
| Turnover | 21,483,035 | 21,755,906 | 20,817,954 | 20,864,199 | 46,950,330 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 13,190,281 | 14,892,899 | 13,903,186 | 13,358,622 | 31,350,295 |
| Gross Profit | 8,292,754 | 6,863,007 | 6,914,768 | 7,505,577 | 15,600,035 |
| Admin Expenses | 8,318,475 | 9,008,200 | 9,671,021 | 6,655,657 | 8,252,931 |
| Operating Profit | -25,721 | -2,145,193 | -2,756,253 | 849,920 | 7,347,104 |
| Interest Payable | 664,861 | 249,533 | 0 | 0 | 0 |
| Interest Receivable | 0 | 295,690 | 0 | 30 | 9 |
| Pre-Tax Profit | -722,411 | -2,263,362 | -2,678,391 | 806,391 | 7,229,153 |
| Tax | -248,229 | -121,301 | 46,299 | -292,536 | -1,730,256 |
| Profit After Tax | -970,640 | -2,384,663 | -2,632,092 | 513,855 | 5,498,897 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -925,560 | -2,254,746 | -3,394,697 | 284,042 | 5,498,897 |
| Employee Costs | 4,239,251 | 4,009,274 | 5,766,528 | 6,838,562 | 10,945,750 |
| Number Of Employees | 72 | 80 | 107 | 120 | 139 |
| EBITDA* | 1,915,547 | -122,853 | -1,201,363 | 1,793,019 | 8,027,390 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|
| Tangible Assets | 19,750,146 | 14,648,040 | 14,267,361 | 11,992,251 | 8,013,149 |
| Intangible Assets | 1,330,105 | 1,448,214 | 1,447,601 | 1,606,985 | 0 |
| Investments & Other | 355,265 | 397,708 | 801,691 | 850,018 | 693,237 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 21,435,516 | 16,493,962 | 16,516,653 | 14,449,254 | 8,706,386 |
| Stock & work in progress | 4,585,184 | 4,574,658 | 3,477,756 | 3,930,257 | 3,141,615 |
| Trade Debtors | 5,814,604 | 3,791,379 | 3,282,832 | 6,169,892 | 6,440,952 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 867,641 | 1,250,953 | 1,107,684 | 1,007,435 | 854,016 |
| Cash | 1,161,721 | 516,395 | 969,008 | 472,247 | 525,055 |
| misc current assets | 0 | 0 | 613,100 | 0 | 0 |
| total current assets | 12,429,150 | 10,133,385 | 9,450,380 | 11,579,831 | 10,961,638 |
| total assets | 33,864,666 | 26,627,347 | 25,967,033 | 26,029,085 | 19,668,024 |
| Bank overdraft | 1,542,928 | 1,224,698 | 1,968,932 | 1,548,556 | 414,473 |
| Bank loan | 442,664 | 853,786 | 708,263 | 184,235 | 264,479 |
| Trade Creditors | 3,713,940 | 5,544,335 | 2,342,965 | 3,014,682 | 2,291,644 |
| Group/Directors Accounts | 48,045 | 70,935 | 5,004,810 | 2,400,692 | 1,381,049 |
| other short term finances | 8,947,544 | 1,669,142 | 0 | 0 | 402,545 |
| hp & lease commitments | 214,175 | 773,172 | 825,164 | 1,161,811 | 243,810 |
| other current liabilities | 4,464,585 | 2,282,974 | 1,681,667 | 3,130,859 | 2,809,411 |
| total current liabilities | 19,373,881 | 12,419,042 | 12,531,801 | 11,440,835 | 7,807,411 |
| loans | 3,957,858 | 3,039,564 | 545,272 | 494,104 | 184,236 |
| hp & lease commitments | 753,660 | 629,528 | 1,260,909 | 1,273,643 | 231,903 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 35,915 | 86,066 | 596,685 | 388,074 |
| total long term liabilities | 4,711,518 | 3,705,007 | 1,892,247 | 2,364,432 | 804,213 |
| total liabilities | 24,085,399 | 16,124,049 | 14,424,048 | 13,805,267 | 8,611,624 |
| net assets | 7,135,920 | 7,777,235 | 9,961,777 | 11,373,785 | 11,056,400 |
| total shareholders funds | 7,135,920 | 7,777,235 | 9,961,777 | 11,373,785 | 11,056,400 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -25,721 | -2,145,193 | -2,756,253 | 849,920 | 7,347,104 |
| Depreciation | 1,745,544 | 1,840,294 | 1,395,505 | 871,875 | 680,286 |
| Amortisation | 195,724 | 182,046 | 159,385 | 71,224 | 0 |
| Tax | -248,229 | -121,301 | 46,299 | -292,536 | -1,730,256 |
| Stock | 10,526 | 1,096,902 | -452,501 | 788,642 | 3,141,615 |
| Debtors | 1,639,913 | 651,816 | -2,786,811 | -117,641 | 7,294,968 |
| Creditors | -1,830,395 | 3,201,370 | -671,717 | 723,038 | 2,291,644 |
| Accruals and Deferred Income | 2,181,611 | 601,307 | -1,449,192 | 321,448 | 2,809,411 |
| Deferred Taxes & Provisions | -35,915 | -50,151 | -510,619 | 208,611 | 388,074 |
| Cash flow from operations | 332,180 | 1,759,654 | -547,280 | 2,082,579 | 1,349,680 |
| Investing Activities | |||||
| capital expenditure | -6,552,229 | -2,897,309 | -3,875,757 | -4,151,484 | -2,371,595 |
| Change in Investments | -42,443 | -403,983 | -48,327 | 156,781 | 693,237 |
| cash flow from investments | -6,509,786 | -2,493,326 | -3,827,430 | -4,308,265 | -3,064,832 |
| Financing Activities | |||||
| Bank loans | -411,122 | 145,523 | 524,028 | -80,244 | 264,479 |
| Group/Directors Accounts | -22,890 | -4,933,875 | 2,604,118 | 1,019,643 | 1,381,049 |
| Other Short Term Loans | 7,278,402 | 1,669,142 | 0 | -402,545 | 402,545 |
| Long term loans | 918,294 | 2,494,292 | 51,168 | 309,868 | 184,236 |
| Hire Purchase and Lease Commitments | -434,865 | -683,373 | -349,381 | 1,959,741 | 475,713 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -664,861 | 46,157 | 0 | 30 | 9 |
| cash flow from financing | 6,947,203 | -1,191,930 | 4,812,622 | 2,839,836 | 8,265,534 |
| cash and cash equivalents | |||||
| cash | 645,326 | -452,613 | 496,761 | -52,808 | 525,055 |
| overdraft | 318,230 | -744,234 | 420,376 | 1,134,083 | 414,473 |
| change in cash | 327,096 | 291,621 | 76,385 | -1,186,891 | 110,582 |
foundocean group limited Credit Report and Business Information
Foundocean Group Limited Competitor Analysis
Perform a competitor analysis for foundocean group limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in SE1 area or any other competitors across 12 key performance metrics.
foundocean group limited Ownership
FOUNDOCEAN GROUP LIMITED group structure
Foundocean Group Limited has no subsidiary companies.
Ultimate parent company
FOUNDOCEAN GROUP LIMITED
09080355
foundocean group limited directors
Foundocean Group Limited currently has 2 directors. The longest serving directors include Mr Rolando Polli (Jul 2014) and Mr Giancarlo Beraudo (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rolando Polli | England | 84 years | Jul 2014 | - | Director |
| Mr Giancarlo Beraudo | England | 45 years | Jul 2014 | - | Director |
P&L
December 2017turnover
21.5m
-1%
operating profit
-25.7k
-99%
gross margin
38.7%
+22.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
7.1m
-0.08%
total assets
33.9m
+0.27%
cash
1.2m
+1.25%
net assets
Total assets minus all liabilities
foundocean group limited company details
company number
09080355
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2017
previous names
N/A
accountant
-
auditor
-
address
c/o duff & phelps ltd the shard, 32 london bridge street, london, SE1 9SG
Bank
-
Legal Advisor
-
foundocean group 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 foundocean group limited.
foundocean group limited Capital Raised & Share Issues BETA
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foundocean group limited Companies House Filings - See Documents
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