Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+3
Registered Address
10 owers road, witham, CM8 1FR
Website
-
faddy development limitedEstimated Valuation
£409.6k
Pomanda estimates the enterprise value of FADDY DEVELOPMENT LIMITED at £409.6k based on a Turnover of £188.5k and 2.17x industry multiple (adjusted for size and gross margin).
faddy development limitedEstimated Valuation
£344.4k
Pomanda estimates the enterprise value of FADDY DEVELOPMENT LIMITED at £344.4k based on an EBITDA of £64.1k and a 5.37x industry multiple (adjusted for size and gross margin).
faddy development limitedEstimated Valuation
£423.1k
Pomanda estimates the enterprise value of FADDY DEVELOPMENT LIMITED at £423.1k based on Net Assets of £267.9k and 1.58x industry multiple (adjusted for liquidity).
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Faddy Development LimitedOverview
Faddy Development Limited is a live company located in witham, CM8 1FR with a Companies House number of 10052869. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2016, it's largest shareholder is
wasiu olusola fadahunsi
with a 33.3% stake. Faddy Development Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£188.5k with
declining
growth in recent years.
Pomanda's financial health check has awarded Faddy Development Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
2 Strong
3 Regular
3 Weak
Size
annual sales of £188.5k, make it smaller than the average company (£1.1m)
£188.5k - Faddy Development Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (5%)
-12% - Faddy Development Limited
5% - Industry AVG
Production
with a gross margin of 57.1%, this company has a comparable cost of product (57.1%)
57.1% - Faddy Development Limited
57.1% - Industry AVG
Profitability
an operating margin of 34% make it more profitable than the average company (17.6%)
34% - Faddy Development Limited
17.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - Faddy Development Limited
5 - Industry AVG
Pay Structure
on an average salary of £39.8k, the company has an equivalent pay structure (£39.8k)
£39.8k - Faddy Development Limited
£39.8k - Industry AVG
Efficiency
resulting in sales per employee of £188.5k, this is equally as efficient (£188.5k)
£188.5k - Faddy Development Limited
£188.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Faddy Development Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Faddy Development Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Faddy Development Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Faddy Development Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.7%, this is a lower level of debt than the average (65.6%)
15.7% - Faddy Development Limited
65.6% - Industry AVG
FADDY DEVELOPMENT LIMITED financials
EXPORT
Faddy Development Limited's latest turnover from March 2024 is estimated at £188.5 thousand and the company has net assets of £267.9 thousand. According to their latest financial statements, Faddy Development Limited has 1 employee and maintains cash reserves of £44 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Turnover
188,467
305,355
192,305
276,439
360,735
Other Income Or Grants
Cost Of Sales
80,897
126,868
81,047
114,202
139,318
Gross Profit
107,570
178,487
111,258
162,236
221,417
Admin Expenses
43,458
171,607
117,108
161,438
221,417
Operating Profit
64,112
6,880
-5,850
798
Interest Payable
26,706
24,122
3,234
1,525
Interest Receivable
1,479
1,200
1
Pre-Tax Profit
38,885
-16,043
-9,084
-727
Tax
-9,721
Profit After Tax
29,164
-16,043
-9,084
-727
Dividends Paid
Retained Profit
29,164
-16,043
-9,084
-727
Employee Costs
39,820
37,956
36,931
70,483
71,672
Number Of Employees
1
1
1
2
2
EBITDA*
64,112
6,880
-5,850
798
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Tangible Assets
Intangible Assets
Investments & Other
317,759
Debtors (Due After 1 year)
300
300
Total Fixed Assets
317,759
300
300
Stock & work in progress
677,238
315,126
306,158
Trade Debtors
Group Debtors
300
Misc Debtors
Cash
44
56,315
135
64
misc current assets
total current assets
44
733,553
315,261
306,222
300
total assets
317,803
733,553
315,261
306,222
300
300
300
Bank overdraft
377,751
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
377,751
loans
49,928
47,091
45,836
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
49,928
47,091
45,836
50,000
total liabilities
49,928
424,842
45,836
50,000
net assets
267,875
308,711
269,425
256,222
300
300
300
total shareholders funds
267,875
308,711
269,425
256,222
300
300
300
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Operating Activities
Operating Profit
64,112
6,880
-5,850
798
Depreciation
Amortisation
Tax
-9,721
Stock
-677,238
362,112
8,968
306,158
Debtors
-300
300
Creditors
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
731,629
-355,232
-14,818
-305,060
-300
Investing Activities
capital expenditure
Change in Investments
317,759
cash flow from investments
-317,759
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
2,837
1,255
-4,164
50,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-70,000
55,329
22,287
256,649
300
interest
-25,227
-22,922
-3,233
-1,525
cash flow from financing
-92,390
33,662
14,890
305,124
300
cash and cash equivalents
cash
-56,271
56,180
71
64
overdraft
-377,751
377,751
change in cash
321,480
-321,571
71
64
faddy development limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for faddy development limited. Get real-time insights into faddy development limited's credit score, group structure and payment trends.
Perform a competitor analysis for faddy development limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in CM8 area or any other competitors across 12 key performance metrics.
faddy development limited Ownership
FADDY DEVELOPMENT LIMITED group structure
Faddy Development Limited has no subsidiary companies.
Ultimate parent company
FADDY DEVELOPMENT LIMITED
10052869
FADDY DEVELOPMENT LIMITED Shareholders
The largest shareholders in Faddy Development Limited include Wasiu Olusola Fadahunsi and Idris Sanusi.
wasiu olusola fadahunsi
33.33%
idris sanusi
33.33%
babajide morafa
33.33%
faddy development limited directors
Faddy Development Limited currently has 1 director, Mr Wasiu Fadahunsi serving since Mar 2016.
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68320 - Management of real estate on a fee or contract basis
68100 - Buying and selling of own real estate
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
ibs development limited (May 2020)
accountant
KEYSTRIDE CONSULTING
auditor
-
address
10 owers road, witham, CM8 1FR
Bank
-
Legal Advisor
-
faddy development 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 1 charges/mortgages relating to faddy development limited. Currently there are 0 open charges and 1 have been satisfied in the past.
faddy development 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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faddy development limitedCompanies House Filings - See Documents
