formation 166 developments ltd
formation 166 developments ltd Company Information
Company Number
10460826
Website
-Registered Address
the phoenix yard, 5-9 upper brown street, leicester, LE1 5TE
Industry
Development of building projects
Telephone
-
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
stephen thomas day 50%
michael richard day 50%
formation 166 developments ltd Estimated Valuation
Pomanda estimates the enterprise value of FORMATION 166 DEVELOPMENTS LTD at £1.3k based on a Turnover of £3.7k and 0.35x industry multiple (adjusted for size and gross margin).
formation 166 developments ltd Estimated Valuation
Pomanda estimates the enterprise value of FORMATION 166 DEVELOPMENTS LTD at £0 based on an EBITDA of £-1.2k and a 2.63x industry multiple (adjusted for size and gross margin).
formation 166 developments ltd Estimated Valuation
Pomanda estimates the enterprise value of FORMATION 166 DEVELOPMENTS LTD at £0 based on Net Assets of £-188.3k and 1.34x industry multiple (adjusted for liquidity).
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Formation 166 Developments Ltd Overview
Formation 166 Developments Ltd is a live company located in leicester, LE1 5TE with a Companies House number of 10460826. It operates in the development of building projects sector, SIC Code 41100. Founded in November 2016, it's largest shareholder is stephen thomas day with a 50% stake. Formation 166 Developments Ltd is a young, micro sized company, Pomanda has estimated its turnover at £3.7k with rapid growth in recent years.
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Formation 166 Developments Ltd Health Check
Pomanda's financial health check has awarded Formation 166 Developments Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £3.7k, make it smaller than the average company (£2.3m)
- Formation 166 Developments Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 94%, show it is growing at a faster rate (3.8%)
- Formation 166 Developments Ltd
3.8% - Industry AVG
Production
with a gross margin of 9.3%, this company has a higher cost of product (25.9%)
- Formation 166 Developments Ltd
25.9% - Industry AVG
Profitability
an operating margin of -32.5% make it less profitable than the average company (6.5%)
- Formation 166 Developments Ltd
6.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Formation 166 Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £48.5k, the company has an equivalent pay structure (£48.5k)
- Formation 166 Developments Ltd
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £3.7k, this is less efficient (£287.2k)
- Formation 166 Developments Ltd
£287.2k - Industry AVG
Debtor Days
it gets paid by customers after 138 days, this is later than average (27 days)
- Formation 166 Developments Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (30 days)
- Formation 166 Developments Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Formation 166 Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Formation 166 Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13089.5%, this is a higher level of debt than the average (73.7%)
13089.5% - Formation 166 Developments Ltd
73.7% - Industry AVG
FORMATION 166 DEVELOPMENTS LTD financials
Formation 166 Developments Ltd's latest turnover from November 2023 is estimated at £3.7 thousand and the company has net assets of -£188.3 thousand. According to their latest financial statements, we estimate that Formation 166 Developments Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| 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
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 50 | 50 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 50 | 50 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,400 | 100 | 100 | 100 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,400 | 100 | 100 | 100 | 0 | 0 | 0 |
| total assets | 1,450 | 150 | 100 | 100 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 50 | 50 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 50 | 50 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 189,748 | 187,248 | 112,248 | 53,713 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 189,748 | 187,248 | 112,248 | 53,713 | 0 | 0 | 0 |
| total liabilities | 189,798 | 187,298 | 112,248 | 53,713 | 0 | 0 | 0 |
| net assets | -188,348 | -187,148 | -112,148 | -53,613 | 0 | 0 | 0 |
| total shareholders funds | -188,348 | -187,148 | -112,148 | -53,613 | 0 | 0 | 0 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | |||||
| Amortisation | 0 | 0 | |||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,300 | 0 | 0 | 100 | 0 | 0 | 0 |
| Creditors | 0 | 50 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 2,500 | 75,000 | 58,535 | 53,713 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
formation 166 developments ltd Credit Report and Business Information
Formation 166 Developments Ltd Competitor Analysis
Perform a competitor analysis for formation 166 developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in LE1 area or any other competitors across 12 key performance metrics.
formation 166 developments ltd Ownership
FORMATION 166 DEVELOPMENTS LTD group structure
Formation 166 Developments Ltd has no subsidiary companies.
Ultimate parent company
FORMATION 166 DEVELOPMENTS LTD
10460826
formation 166 developments ltd directors
Formation 166 Developments Ltd currently has 2 directors. The longest serving directors include Mr Stephen Day (Nov 2016) and Mr Michael Day (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Day | England | 58 years | Nov 2016 | - | Director |
| Mr Michael Day | United Kingdom | 64 years | Nov 2016 | - | Director |
P&L
November 2023turnover
3.7k
+992%
operating profit
-1.2k
0%
gross margin
9.4%
-2.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-188.3k
+0.01%
total assets
1.5k
+8.67%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
formation 166 developments ltd company details
company number
10460826
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
November 2016
age
8
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
November 2023
address
the phoenix yard, 5-9 upper brown street, leicester, LE1 5TE
accountant
-
auditor
-
formation 166 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 formation 166 developments ltd.
formation 166 developments ltd Companies House Filings - See Documents
| date | description | view/download |
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