Felix Developments Limited

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felix developments limited Company Information

Live

YoungLargeHigh

Company Number

10520668

Website

Registered Address

s2 mill house centre, 108 commercial road, southampton, hampshire, SO40 3AE

Industry

Construction of commercial buildings

Development of building projects

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Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Renold Tang7 Years

Shen Kan7 Years

Shareholders

cloud wing investment co. limited 100%

felix developments limited Estimated Valuation

£62.4m

Pomanda estimates the enterprise value of FELIX DEVELOPMENTS LIMITED at £62.4m based on a Turnover of £80.2m and 0.78x industry multiple (adjusted for size and gross margin).

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Felix Developments Limited is a live company located in southampton, SO40 3AE with a Companies House number of 10520668. It operates in the development of building projects sector, SIC Code 41100. Founded in December 2016, it's largest shareholder is cloud wing investment co. limited with a 100% stake. Felix Developments Limited is a young, large sized company, Pomanda has estimated its turnover at £80.2m with high growth in recent years.

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Pomanda's financial health check has awarded Felix Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £80.2m, make it larger than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.1%)

EXPORT

Felix Developments Limited's latest turnover from December 2023 is estimated at £80.2 million and the company has net assets of -£2.4 million. According to their latest financial statements, we estimate that Felix Developments Limited has 119 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Turnover	80,167,878	55,228,154	41,388,926	43,562,682	40,120,670	30,825,836	12,385,670
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	72,933,057	50,237,649	37,749,890	39,674,831	36,305,914	27,771,735	11,100,973
Gross Profit	7,234,822	4,990,505	3,639,036	3,887,851	3,814,756	3,054,101	1,284,697
Admin Expenses	7,232,023	5,107,182	5,641,008	3,951,361	4,038,911	3,086,866	1,285,797
Operating Profit	2,799	-116,677	-2,001,972	-63,510	-224,155	-32,765	-1,100
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0
Pre-Tax Profit	2,799	-116,677	-2,001,972	-63,510	-224,155	-32,765	-1,100
Tax	-700	0	0	0	0	0	0
Profit After Tax	2,099	-116,677	-2,001,972	-63,510	-224,155	-32,765	-1,100
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	2,099	-116,677	-2,001,972	-63,510	-224,155	-32,765	-1,100
Employee Costs	5,800,284	3,853,674	2,896,776	3,235,337	2,816,398	2,097,188	819,990
Number Of Employees	119	81	63	72	61	46	19
EBITDA*	2,799	-116,677	-2,001,972	-63,510	-224,155	-32,765	-1,100

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Tangible Assets	0	0	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	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	15,027,841	10,351,013	7,605,567	8,613,331	7,862,588	6,212,806	2,562,867
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	15,027,841	10,351,013	7,605,567	8,613,331	7,862,588	6,212,806	2,562,867
total assets	15,027,841	10,351,013	7,605,567	8,613,331	7,862,588	6,212,806	2,562,867
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	17,465,921	12,791,192	9,929,069	8,934,861	8,120,608	6,246,671	2,563,967
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	17,465,921	12,791,192	9,929,069	8,934,861	8,120,608	6,246,671	2,563,967
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	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0
total liabilities	17,465,921	12,791,192	9,929,069	8,934,861	8,120,608	6,246,671	2,563,967
net assets	-2,438,080	-2,440,179	-2,323,502	-321,530	-258,020	-33,865	-1,100
total shareholders funds	-2,438,080	-2,440,179	-2,323,502	-321,530	-258,020	-33,865	-1,100

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Operating Profit	2,799	-116,677	-2,001,972	-63,510	-224,155	-32,765	-1,100
Depreciation	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0
Tax	-700	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0
Debtors	4,676,828	2,745,446	-1,007,764	750,743	1,649,782	3,649,939	2,562,867
Creditors	4,674,729	2,862,123	994,208	814,253	1,873,937	3,682,704	2,563,967
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	0	0	0	0	0	0	0
Investing Activities
capital expenditure	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0
interest	0	0	0	0	0	0	0
cash flow from financing	0	0	0	0	0	0	0
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for felix developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in SO40 area or any other competitors across 12 key performance metrics.

FELIX DEVELOPMENTS LIMITED group structure

Felix Developments Limited has no subsidiary companies.

Ultimate parent company

CLOUD WING INVESTMENT CO LTD

#0102371

1 parent

FELIX DEVELOPMENTS LIMITED

10520668

FELIX DEVELOPMENTS LIMITED Shareholders

cloud wing investment co. limited

100%

Felix Developments Limited currently has 2 directors. The longest serving directors include Mr Renold Tang (Dec 2016) and Ms Shen Kan (Feb 2017).

officer	country	age	start	end	role
Mr Renold Tang	England	68 years	Dec 2016	-	Director
Ms Shen Kan	England	39 years	Feb 2017	-	Director

P&L

December 2023

turnover

80.2m

+45%

operating profit

2.8k

gross margin

9.1%

-0.13%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-2.4m

total assets

15m

+0.45%

cash

net assets

Total assets minus all liabilities

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company number

10520668

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

41201 - Construction of commercial buildings

41100 - Development of building projects

incorporation date

December 2016

ultimate parent company

CLOUD WING INVESTMENT CO LTD

previous names

stewartby developments limited (September 2023)

address

s2 mill house centre, 108 commercial road, southampton, hampshire, SO40 3AE

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 4 charges/mortgages relating to felix developments limited. Currently there are 0 open charges and 4 have been satisfied in the past.

felix developments limited Company Information

felix developments limited Estimated Valuation

felix developments limited Estimated Valuation

felix developments limited Estimated Valuation

Felix Developments Limited Overview

Felix Developments Limited Health Check

FELIX DEVELOPMENTS LIMITED financials

felix developments limited Credit Report and Business Information

Felix Developments Limited Competitor Analysis

felix developments limited Ownership

felix developments limited directors

felix developments limited company details

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felix developments limited Companies House Filings - See Documents