kore developments ltd
kore developments ltd Company Information
Company Number
10757923
Next Accounts
Feb 2026
Shareholders
james mcfadden
kevin mcfadden
View AllGroup Structure
View All
Industry
Buying and selling of own real estate
+1Registered Address
80 turner road, edgware, HA8 6BH
Website
-kore developments ltd Estimated Valuation
Pomanda estimates the enterprise value of KORE DEVELOPMENTS LTD at £765.3k based on a Turnover of £346k and 2.21x industry multiple (adjusted for size and gross margin).
kore developments ltd Estimated Valuation
Pomanda estimates the enterprise value of KORE DEVELOPMENTS LTD at £42.4k based on an EBITDA of £9.3k and a 4.55x industry multiple (adjusted for size and gross margin).
kore developments ltd Estimated Valuation
Pomanda estimates the enterprise value of KORE DEVELOPMENTS LTD at £16.1k based on Net Assets of £9.6k and 1.68x industry multiple (adjusted for liquidity).
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Kore Developments Ltd Overview
Kore Developments Ltd is a live company located in edgware, HA8 6BH with a Companies House number of 10757923. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2017, it's largest shareholder is james mcfadden with a 44% stake. Kore Developments Ltd is a young, micro sized company, Pomanda has estimated its turnover at £346k with unknown growth in recent years.
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Kore Developments Ltd Health Check
Pomanda's financial health check has awarded Kore Developments Ltd a 2 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 £346k, make it smaller than the average company (£894.8k)
- Kore Developments Ltd
£894.8k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Kore Developments Ltd
- - Industry AVG
Production
with a gross margin of 28.4%, this company has a higher cost of product (71.4%)
- Kore Developments Ltd
71.4% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (27.1%)
- Kore Developments Ltd
27.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Kore Developments Ltd
4 - Industry AVG
Pay Structure
on an average salary of £37k, the company has an equivalent pay structure (£37k)
- Kore Developments Ltd
£37k - Industry AVG
Efficiency
resulting in sales per employee of £346k, this is more efficient (£190.6k)
- Kore Developments Ltd
£190.6k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (27 days)
- Kore Developments Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 299 days, this is slower than average (35 days)
- Kore Developments Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Kore Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Kore Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.9%, this is a higher level of debt than the average (65.5%)
97.9% - Kore Developments Ltd
65.5% - Industry AVG
KORE DEVELOPMENTS LTD financials
Kore Developments Ltd's latest turnover from May 2024 is estimated at £346 thousand and the company has net assets of £9.6 thousand. According to their latest financial statements, we estimate that Kore Developments Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|---|
| 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
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 377,214 | 377,214 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 100 | 100 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 377,214 | 377,214 | 0 | 100 | 100 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 73,541 | 45,502 | 179,214 | 0 | 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 | 73,541 | 45,502 | 179,214 | 0 | 0 | 0 | 0 |
| total assets | 450,755 | 422,716 | 179,214 | 100 | 100 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 203,189 | 182,134 | 179,652 | 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 | 203,189 | 182,134 | 179,652 | 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 | 238,000 | 238,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 238,000 | 238,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 441,189 | 420,134 | 179,652 | 0 | 0 | 0 | 0 |
| net assets | 9,566 | 2,582 | -438 | 100 | 100 | 0 | 0 |
| total shareholders funds | 9,566 | 2,582 | -438 | 100 | 100 | 0 | 0 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 28,039 | -133,712 | 179,214 | 0 | 0 | 0 | 0 |
| Creditors | 21,055 | 2,482 | 179,652 | 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 | -100 | 0 | 100 | 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 | 0 | 238,000 | 0 | 0 | 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 |
kore developments ltd Credit Report and Business Information
Kore Developments Ltd Competitor Analysis
Perform a competitor analysis for kore developments ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in HA8 area or any other competitors across 12 key performance metrics.
kore developments ltd Ownership
KORE DEVELOPMENTS LTD group structure
Kore Developments Ltd has no subsidiary companies.
Ultimate parent company
KORE DEVELOPMENTS LTD
10757923
kore developments ltd directors
Kore Developments Ltd currently has 2 directors. The longest serving directors include Mr Kevin McFadden (May 2017) and Mr James McFadden (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin McFadden | United Kingdom | 34 years | May 2017 | - | Director |
| Mr James McFadden | United Kingdom | 65 years | Apr 2022 | - | Director |
P&L
May 2024turnover
346k
+59%
operating profit
9.3k
0%
gross margin
28.5%
+2.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
9.6k
+2.7%
total assets
450.8k
+0.07%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
kore developments ltd company details
company number
10757923
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
80 turner road, edgware, HA8 6BH
Bank
-
Legal Advisor
-
kore 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 found 2 charges/mortgages relating to kore developments ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
kore developments ltd 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.
Click to start generating capital raising & share issue transactions for KORE DEVELOPMENTS LTD. This can take several minutes, an email will notify you when this has completed.
kore developments ltd Companies House Filings - See Documents
| date | description | view/download |
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