fondare developments limited
fondare developments limited Company Information
Company Number
10816356
Website
-Registered Address
fordlands crowhurst road, catsfield, east sussex, TN33 9BT
Industry
Development of building projects
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
michael john lear 75%
byron michael william lear 25%
fondare developments limited Estimated Valuation
Pomanda estimates the enterprise value of FONDARE DEVELOPMENTS LIMITED at £736.9k based on a Turnover of £1.4m and 0.54x industry multiple (adjusted for size and gross margin).
fondare developments limited Estimated Valuation
Pomanda estimates the enterprise value of FONDARE DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-49 and a 4.1x industry multiple (adjusted for size and gross margin).
fondare developments limited Estimated Valuation
Pomanda estimates the enterprise value of FONDARE DEVELOPMENTS LIMITED at £0 based on Net Assets of £-563 and 1.55x industry multiple (adjusted for liquidity).
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Fondare Developments Limited Overview
Fondare Developments Limited is a live company located in east sussex, TN33 9BT with a Companies House number of 10816356. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2017, it's largest shareholder is michael john lear with a 75% stake. Fondare Developments Limited is a young, small sized company, Pomanda has estimated its turnover at £1.4m with rapid growth in recent years.
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Fondare Developments Limited Health Check
Pomanda's financial health check has awarded Fondare Developments Limited 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
2 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.1m)
- Fondare Developments Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (2.1%)
- Fondare Developments Limited
2.1% - Industry AVG
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- Fondare Developments Limited
25.9% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (8.7%)
- Fondare Developments Limited
8.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Fondare Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)
- Fondare Developments Limited
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £682.6k, this is more efficient (£275.7k)
- Fondare Developments Limited
£275.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Fondare Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Fondare Developments Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 701 days, this is more than average (181 days)
- Fondare Developments Limited
181 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Fondare Developments Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (74.6%)
100% - Fondare Developments Limited
74.6% - Industry AVG
FONDARE DEVELOPMENTS LIMITED financials
Fondare Developments Limited's latest turnover from March 2023 is estimated at £1.4 million and the company has net assets of -£563. According to their latest financial statements, Fondare Developments Limited has 2 employees and maintains cash reserves of £1.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 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 | 2 | 2 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,945,250 | 1,192,119 | 692,786 | 552,834 | 473,187 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 114,868 | 5,000 | 52,962 | 5,250 | 616 | 11,790 |
| Cash | 1,546 | 775 | 1,236 | 1,803 | 12,422 | 118,147 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,061,664 | 1,197,894 | 746,984 | 559,887 | 486,225 | 129,937 |
| total assets | 2,061,664 | 1,197,894 | 746,984 | 559,887 | 486,225 | 129,937 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 1,620 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 129,900 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,062,227 | 1,198,457 | 745,927 | 560,450 | 280,450 | 600 |
| total current liabilities | 2,062,227 | 1,198,457 | 747,547 | 560,450 | 280,450 | 130,500 |
| loans | 0 | 0 | 0 | 0 | 206,338 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 206,338 | 0 |
| total liabilities | 2,062,227 | 1,198,457 | 747,547 | 560,450 | 486,788 | 130,500 |
| net assets | -563 | -563 | -563 | -563 | -563 | -563 |
| total shareholders funds | -563 | -563 | -563 | -563 | -563 | -563 |
| Mar 2023 | Mar 2022 | Mar 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 753,131 | 499,333 | 139,952 | 79,647 | 473,187 | 0 |
| Debtors | 109,868 | -47,962 | 47,712 | 4,634 | -11,174 | 11,790 |
| Creditors | 0 | -1,620 | 1,620 | 0 | 0 | 0 |
| Accruals and Deferred Income | 863,770 | 452,530 | 185,477 | 280,000 | 279,850 | 600 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -129,900 | 129,900 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -206,338 | 206,338 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 771 | -461 | -567 | -10,619 | -105,725 | 118,147 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 771 | -461 | -567 | -10,619 | -105,725 | 118,147 |
fondare developments limited Credit Report and Business Information
Fondare Developments Limited Competitor Analysis
Perform a competitor analysis for fondare developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TN33 area or any other competitors across 12 key performance metrics.
fondare developments limited Ownership
FONDARE DEVELOPMENTS LIMITED group structure
Fondare Developments Limited has no subsidiary companies.
Ultimate parent company
FONDARE DEVELOPMENTS LIMITED
10816356
fondare developments limited directors
Fondare Developments Limited currently has 2 directors. The longest serving directors include Mr Byron Lear (Jun 2017) and Mr Michael Lear (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Byron Lear | England | 33 years | Jun 2017 | - | Director |
| Mr Michael Lear | England | 58 years | Jun 2017 | - | Director |
P&L
March 2023turnover
1.4m
+47%
operating profit
-49.3
0%
gross margin
25.9%
+9.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-563
0%
total assets
2.1m
+0.72%
cash
1.5k
+0.99%
net assets
Total assets minus all liabilities
fondare developments limited company details
company number
10816356
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
ACUITY PROFESSIONAL PARTNERSHIP LLP
auditor
-
address
fordlands crowhurst road, catsfield, east sussex, TN33 9BT
Bank
-
Legal Advisor
-
fondare developments 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 6 charges/mortgages relating to fondare developments limited. Currently there are 2 open charges and 4 have been satisfied in the past.
fondare developments limited Companies House Filings - See Documents
| date | description | view/download |
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