Pomanda estimates the enterprise value of SYDNEY DEVELOPMENTS LTD. at £29.2m based on a Turnover of £33.3m and 0.88x industry multiple (adjusted for size and gross margin).
sydney developments ltd.Estimated Valuation
£5.1m
Pomanda estimates the enterprise value of SYDNEY DEVELOPMENTS LTD. at £5.1m based on an EBITDA of £738.9k and a 6.94x industry multiple (adjusted for size and gross margin).
sydney developments ltd.Estimated Valuation
£0
Pomanda estimates the enterprise value of SYDNEY DEVELOPMENTS LTD. at £0 based on Net Assets of £-24.2k and 1.41x industry multiple (adjusted for liquidity).
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Sydney Developments Ltd.Overview
Sydney Developments Ltd. is a live company located in harrow, HA3 7RG with a Companies House number of 10780301. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2017, it's largest shareholder is
sundip dabasia
with a 30% stake. Sydney Developments Ltd. is a young,
large sized company, Pomanda has estimated its turnover at
£33.3m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Sydney Developments Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
4 Strong
3 Regular
4 Weak
Size
annual sales of £33.3m, make it larger than the average company (£2.1m)
£33.3m - Sydney Developments Ltd.
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 79%, show it is growing at a faster rate (2.9%)
79% - Sydney Developments Ltd.
2.9% - Industry AVG
Production
with a gross margin of 26.5%, this company has a comparable cost of product (26.5%)
26.5% - Sydney Developments Ltd.
26.5% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (7.5%)
2.2% - Sydney Developments Ltd.
7.5% - Industry AVG
Employees
with 121 employees, this is above the industry average (6)
121 - Sydney Developments Ltd.
6 - Industry AVG
Pay Structure
on an average salary of £46.7k, the company has an equivalent pay structure (£46.7k)
£46.7k - Sydney Developments Ltd.
£46.7k - Industry AVG
Efficiency
resulting in sales per employee of £275.4k, this is equally as efficient (£275.6k)
£275.4k - Sydney Developments Ltd.
£275.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Sydney Developments Ltd.
- - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (30 days)
47 days - Sydney Developments Ltd.
30 days - Industry AVG
Stock Days
it holds stock equivalent to 404 days, this is more than average (151 days)
404 days - Sydney Developments Ltd.
151 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Sydney Developments Ltd.
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.1%, this is a higher level of debt than the average (72.5%)
100.1% - Sydney Developments Ltd.
72.5% - Industry AVG
SYDNEY DEVELOPMENTS LTD. financials
EXPORT
Sydney Developments Ltd.'s latest turnover from May 2023 is estimated at £33.3 million and the company has net assets of -£24.2 thousand. According to their latest financial statements, we estimate that Sydney Developments Ltd. has 121 employees and maintains cash reserves of £5.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
Turnover
33,323,352
14,800,506
7,660,033
5,851,166
Other Income Or Grants
Cost Of Sales
24,500,122
11,045,977
5,828,399
4,324,678
Gross Profit
8,823,230
3,754,529
1,831,635
1,526,489
Admin Expenses
8,084,358
3,521,265
1,833,487
1,543,352
Operating Profit
738,872
233,264
-1,852
-16,863
Interest Payable
744,966
236,428
Interest Receivable
3,044
664
2
Pre-Tax Profit
-3,050
-2,500
-1,850
-16,863
Tax
Profit After Tax
-3,050
-2,500
-1,850
-16,863
Dividends Paid
Retained Profit
-3,050
-2,500
-1,850
-16,863
Employee Costs
5,647,563
2,439,523
1,339,079
990,691
Number Of Employees
121
55
31
23
EBITDA*
738,872
233,264
-1,852
-16,863
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
27,119,429
21,306,141
18,322,441
17,082,770
Trade Debtors
Group Debtors
Misc Debtors
134,155
126,290
7,231
27,680
Cash
5,931
129,338
3,464
617
misc current assets
total current assets
27,259,515
21,561,769
18,333,136
17,111,067
total assets
27,259,515
21,561,769
18,333,136
17,111,067
Bank overdraft
Bank loan
Trade Creditors
3,220,889
980,287
206,789
2,020
Group/Directors Accounts
8,115,313
other short term finances
7,434,739
6,755,082
hp & lease commitments
other current liabilities
16,628,050
13,847,513
18,144,960
9,010,497
total current liabilities
27,283,678
21,582,882
18,351,749
17,127,830
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
27,283,678
21,582,882
18,351,749
17,127,830
net assets
-24,163
-21,113
-18,613
-16,763
total shareholders funds
-24,163
-21,113
-18,613
-16,763
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
Operating Activities
Operating Profit
738,872
233,264
-1,852
-16,863
Depreciation
Amortisation
Tax
Stock
5,813,288
2,983,700
1,239,671
17,082,770
Debtors
7,865
119,059
-20,449
27,680
Creditors
2,240,602
773,498
204,769
2,020
Accruals and Deferred Income
2,780,537
-4,297,447
9,134,463
9,010,497
Deferred Taxes & Provisions
Cash flow from operations
-61,142
-6,393,444
8,118,158
-8,114,796
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
-8,115,313
8,115,313
Other Short Term Loans
679,657
6,755,082
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
-741,922
-235,764
2
cash flow from financing
-62,265
6,519,318
-8,115,311
8,115,413
cash and cash equivalents
cash
-123,407
125,874
2,847
617
overdraft
change in cash
-123,407
125,874
2,847
617
sydney developments ltd. 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 sydney developments ltd.. Get real-time insights into sydney developments ltd.'s credit score, group structure and payment trends.
Perform a competitor analysis for sydney developments ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in HA3 area or any other competitors across 12 key performance metrics.
sydney developments ltd. Ownership
SYDNEY DEVELOPMENTS LTD. group structure
Sydney Developments Ltd. has no subsidiary companies.
Ultimate parent company
SYDNEY DEVELOPMENTS LTD.
10780301
SYDNEY DEVELOPMENTS LTD. Shareholders
The largest shareholders in Sydney Developments Ltd. include Sundip Dabasia and Dhiraj Dabasia.
sundip dabasia
30%
dhiraj dabasia
30%
hitesh dabasia
30%
samji patel
10%
sydney developments ltd. directors
Sydney Developments Ltd. currently has 4 directors.
The longest serving directors include
Mr Dhiraj Dabasia (May 2017) and
Mr Hitesh Dabasia (May 2017).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023
net assets
-24.2k
+0.14%
total assets
27.3m
+0.26%
cash
5.9k
-0.95%
net assets
Total assets minus all liabilities
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sydney developments ltd. company details
company number
10780301
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
May 2023
previous names
merrick developments limited (October 2019)
accountant
XEINADIN AUDIT LIMITED
auditor
-
address
14 oxford road, wealdstone, harrow, HA3 7RG
Bank
-
Legal Advisor
-
sydney 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 9 charges/mortgages relating to sydney developments ltd.. Currently there are 5 open charges and 4 have been satisfied in the past.
sydney 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.
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sydney developments ltd.Companies House Filings - See Documents
