bancon homes limited
bancon homes limited Company Information
Company Number
SC118706
Next Accounts
Dec 2025
Shareholders
bancon developments ltd
Group Structure
View All
Industry
Construction of domestic buildings
Registered Address
burnett house, burn o'bennie road, banchory, aberdeenshire, AB31 5ZU
Website
www.banconhomes.combancon homes limited Estimated Valuation
Pomanda estimates the enterprise value of BANCON HOMES LIMITED at £44.5m based on a Turnover of £62.6m and 0.71x industry multiple (adjusted for size and gross margin).
bancon homes limited Estimated Valuation
Pomanda estimates the enterprise value of BANCON HOMES LIMITED at £23.6m based on an EBITDA of £3.9m and a 6.05x industry multiple (adjusted for size and gross margin).
bancon homes limited Estimated Valuation
Pomanda estimates the enterprise value of BANCON HOMES LIMITED at £10.8m based on Net Assets of £7.8m and 1.39x industry multiple (adjusted for liquidity).
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Bancon Homes Limited Overview
Bancon Homes Limited is a live company located in banchory, AB31 5ZU with a Companies House number of SC118706. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in June 1989, it's largest shareholder is bancon developments ltd with a 100% stake. Bancon Homes Limited is a mature, large sized company, Pomanda has estimated its turnover at £62.6m with rapid growth in recent years.
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Bancon Homes Limited Health Check
Pomanda's financial health check has awarded Bancon Homes Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £62.6m, make it larger than the average company (£478.4k)
£62.6m - Bancon Homes Limited
£478.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (9.9%)
40% - Bancon Homes Limited
9.9% - Industry AVG
Production
with a gross margin of 12.1%, this company has a higher cost of product (19.6%)
12.1% - Bancon Homes Limited
19.6% - Industry AVG
Profitability
an operating margin of 6.2% make it more profitable than the average company (4.8%)
6.2% - Bancon Homes Limited
4.8% - Industry AVG
Employees
with 94 employees, this is above the industry average (3)
94 - Bancon Homes Limited
3 - Industry AVG
Pay Structure
on an average salary of £57.5k, the company has a higher pay structure (£41.9k)
£57.5k - Bancon Homes Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £665.6k, this is more efficient (£197.8k)
£665.6k - Bancon Homes Limited
£197.8k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is near the average (25 days)
24 days - Bancon Homes Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (29 days)
34 days - Bancon Homes Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 279 days, this is in line with average (250 days)
279 days - Bancon Homes Limited
250 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bancon Homes Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84%, this is a higher level of debt than the average (73%)
84% - Bancon Homes Limited
73% - Industry AVG
BANCON HOMES LIMITED financials
Bancon Homes Limited's latest turnover from March 2024 is £62.6 million and the company has net assets of £7.8 million. According to their latest financial statements, Bancon Homes Limited has 94 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 62,567,000 | 64,602,000 | 50,649,000 | 22,908,000 | 36,192,450 | 37,758,542 | 26,649,596 | 12,864,006 | 9,843,460 | 11,331,492 | 21,467,166 | 5,976,628 | 2,354,195 | 7,727,250 | 750 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 54,993,000 | 57,552,000 | 43,513,000 | 19,842,000 | 31,216,033 | 34,232,423 | 23,026,784 | 10,678,112 | 7,482,139 | 8,260,121 | |||||
| Gross Profit | 7,574,000 | 7,050,000 | 7,136,000 | 3,066,000 | 4,976,417 | 3,526,119 | 3,622,812 | 2,185,894 | 2,361,321 | 3,071,371 | |||||
| Admin Expenses | 3,681,000 | 2,948,000 | 2,652,000 | 1,989,000 | 2,650,371 | 2,275,883 | 2,154,142 | 1,755,336 | 1,954,547 | 1,456,843 | |||||
| Operating Profit | 3,893,000 | 4,102,000 | 4,484,000 | 1,077,000 | 2,326,046 | 1,250,236 | 1,468,670 | 430,558 | 406,774 | 1,614,528 | 2,896,934 | 512,724 | 492,199 | 818,893 | -83,520 |
| Interest Payable | 1,204,000 | 888,000 | 707,000 | 579,000 | 628,609 | 619,491 | 570,885 | 646,469 | 526,964 | 147,091 | 323,605 | 338,567 | 309,105 | 305,618 | 122,057 |
| Interest Receivable | 4,530 | ||||||||||||||
| Pre-Tax Profit | 2,689,000 | 3,214,000 | 3,777,000 | 74,000 | 1,697,437 | 630,745 | 897,785 | -251,754 | -343,739 | 1,467,437 | 2,577,859 | 174,157 | 183,094 | 513,275 | -205,577 |
| Tax | -670,000 | -618,000 | -715,000 | -25,000 | -312,961 | -134,334 | -133,703 | 54,389 | -232,886 | -525,922 | 34,521 | -36,176 | -145,489 | ||
| Profit After Tax | 2,019,000 | 2,596,000 | 3,062,000 | 49,000 | 1,384,476 | 496,411 | 764,082 | -251,754 | -289,350 | 1,234,551 | 2,051,937 | 208,678 | 146,918 | 367,786 | -205,577 |
| Dividends Paid | 1,050,000 | 2,000,000 | 2,000,000 | ||||||||||||
| Retained Profit | 969,000 | 596,000 | 1,062,000 | 49,000 | 1,384,476 | 496,411 | 764,082 | -251,754 | -289,350 | 1,234,551 | 2,051,937 | 208,678 | 146,918 | 367,786 | -205,577 |
| Employee Costs | 5,405,000 | 5,124,000 | 4,748,000 | 3,223,000 | 4,270,909 | 4,014,889 | 3,592,704 | 1,466,274 | 1,687,698 | 678,717 | 660,786 | 542,049 | 436,607 | 483,197 | |
| Number Of Employees | 94 | 99 | 91 | 87 | 89 | 87 | 86 | 30 | 36 | 14 | 14 | 13 | 10 | 10 | |
| EBITDA* | 3,902,000 | 4,122,000 | 4,519,000 | 1,117,000 | 2,358,292 | 1,274,206 | 1,493,347 | 452,328 | 430,567 | 1,620,949 | 2,900,551 | 516,269 | 495,395 | 818,893 | -83,520 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,000 | 16,000 | 25,000 | 52,000 | 87,318 | 62,136 | 86,106 | 82,729 | 103,343 | 26,050 | 13,772 | 16,894 | 18,108 | ||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 175,093 | 187,093 | 187,093 | 280,093 | 280,093 | 280,093 | 41,975 | ||||||||
| Total Fixed Assets | 11,000 | 16,000 | 25,000 | 52,000 | 87,318 | 237,229 | 273,199 | 269,822 | 383,436 | 306,143 | 293,865 | 58,869 | 18,108 | ||
| Stock & work in progress | 42,114,000 | 28,657,000 | 25,357,000 | 27,640,000 | 23,164,744 | 18,555,986 | 21,986,173 | 24,087,110 | 19,088,457 | 10,204,824 | 6,895,932 | 12,758,349 | 9,744,654 | 2,511,298 | 7,983,885 |
| Trade Debtors | 4,221,000 | 3,334,000 | 378,000 | 14,000 | 771,330 | 2,003,614 | 236,568 | 141,992 | 4,331 | 695 | |||||
| Group Debtors | 454,000 | 2,001,000 | 4,824,000 | 8,117,000 | 8,774,365 | 6,848,486 | 4,766,432 | 6,709,752 | 6,891,534 | 7,418,211 | 791,136 | 217,494 | 195,534 | ||
| Misc Debtors | 2,190,000 | 1,231,000 | 2,418,000 | 906,000 | 1,853,328 | 753,481 | 380,623 | 768,845 | 141,022 | 366,790 | 1,104,060 | 1,200,990 | 1,409,786 | 62,947 | 46,457 |
| Cash | 2,009,000 | 851,520 | 220,658 | 1,384,608 | 291 | 70,032 | 6,794 | 1 | |||||||
| misc current assets | |||||||||||||||
| total current assets | 48,979,000 | 35,223,000 | 34,986,000 | 36,677,000 | 35,415,287 | 28,382,225 | 28,754,404 | 31,707,990 | 26,195,376 | 17,997,314 | 8,791,128 | 14,176,833 | 11,349,975 | 2,574,245 | 8,030,342 |
| total assets | 48,990,000 | 35,239,000 | 35,011,000 | 36,729,000 | 35,502,605 | 28,619,454 | 29,027,603 | 31,977,812 | 26,578,812 | 18,303,457 | 9,084,993 | 14,235,702 | 11,368,083 | 2,574,245 | 8,030,342 |
| Bank overdraft | 531,000 | 227,000 | 448,000 | 690,952 | 19,511,607 | 13,129,439 | 2,949,990 | 11,215,285 | 6,769,599 | 1,135,320 | 6,090,412 | ||||
| Bank loan | 18,000,000 | 11,000,000 | 17,000,000 | 22,000,000 | 19,000,000 | 16,000,000 | 18,500,000 | 17,500,000 | |||||||
| Trade Creditors | 5,199,000 | 4,599,000 | 5,634,000 | 5,634,000 | 6,425,125 | 3,771,837 | 589,066 | 602,289 | 228,348 | 205,747 | 556,384 | 135,486 | 37,850 | 24,668 | 26,365 |
| Group/Directors Accounts | 12,473,000 | 7,346,000 | 3,921,000 | 1,879,000 | 590,807 | 1,109,081 | 878,824 | 3,674,274 | 1,104,214 | 1,077,230 | 2,420,317 | 2,486,277 | 4,308,715 | 1,345,969 | 2,358,936 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 4,961,000 | 4,760,000 | 1,745,000 | 1,119,000 | 3,886,020 | 3,522,359 | 5,339,947 | 6,554,613 | 2,527,205 | 394,253 | 896,065 | 188,354 | 250,297 | 213,584 | 67,711 |
| total current liabilities | 41,164,000 | 27,932,000 | 28,300,000 | 31,080,000 | 29,901,952 | 24,403,277 | 25,307,837 | 29,022,128 | 23,371,374 | 14,806,669 | 6,822,756 | 14,025,402 | 11,366,461 | 2,719,541 | 8,543,424 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 41,164,000 | 27,932,000 | 28,300,000 | 31,080,000 | 29,901,952 | 24,403,277 | 25,307,837 | 29,022,128 | 23,371,374 | 14,806,669 | 6,822,756 | 14,025,402 | 11,366,461 | 2,719,541 | 8,543,424 |
| net assets | 7,826,000 | 7,307,000 | 6,711,000 | 5,649,000 | 5,600,653 | 4,216,177 | 3,719,766 | 2,955,684 | 3,207,438 | 3,496,788 | 2,262,237 | 210,300 | 1,622 | -145,296 | -513,082 |
| total shareholders funds | 7,826,000 | 7,307,000 | 6,711,000 | 5,649,000 | 5,600,653 | 4,216,177 | 3,719,766 | 2,955,684 | 3,207,438 | 3,496,788 | 2,262,237 | 210,300 | 1,622 | -145,296 | -513,082 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 3,893,000 | 4,102,000 | 4,484,000 | 1,077,000 | 2,326,046 | 1,250,236 | 1,468,670 | 430,558 | 406,774 | 1,614,528 | 2,896,934 | 512,724 | 492,199 | 818,893 | -83,520 |
| Depreciation | 9,000 | 20,000 | 35,000 | 40,000 | 32,246 | 23,970 | 24,677 | 21,770 | 23,793 | 6,421 | 3,617 | 3,545 | 3,196 | ||
| Amortisation | |||||||||||||||
| Tax | -670,000 | -618,000 | -715,000 | -25,000 | -312,961 | -134,334 | -133,703 | 54,389 | -232,886 | -525,922 | 34,521 | -36,176 | -145,489 | ||
| Stock | 13,457,000 | 3,300,000 | -2,283,000 | 4,475,256 | 4,608,758 | -3,430,187 | -2,100,937 | 4,998,653 | 19,088,457 | 3,308,892 | -5,862,417 | 3,013,695 | 7,233,356 | -5,472,587 | 7,983,885 |
| Debtors | 299,000 | -1,054,000 | -1,417,000 | -2,362,023 | 1,618,349 | 4,209,958 | -2,236,966 | 490,702 | 7,316,980 | 5,890,500 | 714,830 | -144,861 | 1,542,373 | 16,490 | 46,457 |
| Creditors | 600,000 | -1,035,000 | -791,125 | 2,653,288 | 3,182,771 | -13,223 | 373,941 | 228,348 | -350,637 | 420,898 | 97,636 | 13,182 | -1,697 | 26,365 | |
| Accruals and Deferred Income | 201,000 | 3,015,000 | 626,000 | -2,767,020 | 363,661 | -1,817,588 | -1,214,666 | 4,027,408 | 2,527,205 | -501,812 | 707,711 | -61,943 | 36,713 | 145,873 | 67,711 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -9,723,000 | 3,238,000 | 8,130,000 | -4,579,378 | -1,164,827 | 1,725,284 | 4,469,658 | -635,678 | -23,164,928 | -8,663,778 | 8,650,825 | -2,282,351 | -8,266,615 | 6,273,677 | -8,019,786 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 7,000,000 | -6,000,000 | -5,000,000 | 3,000,000 | 3,000,000 | -2,500,000 | 1,000,000 | 17,500,000 | |||||||
| Group/Directors Accounts | 5,127,000 | 3,425,000 | 2,042,000 | 1,288,193 | -518,274 | 230,257 | -2,795,450 | 2,570,060 | 1,104,214 | -1,343,087 | -65,960 | -1,822,438 | 2,962,746 | -1,012,967 | 2,358,936 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -1,204,000 | -888,000 | -707,000 | -579,000 | -628,609 | -619,491 | -570,885 | -646,469 | -526,964 | -147,091 | -319,075 | -338,567 | -309,105 | -305,618 | -122,057 |
| cash flow from financing | 10,473,000 | -3,463,000 | -3,665,000 | 3,708,540 | 1,853,117 | -2,889,234 | -2,366,335 | 19,423,591 | 4,074,038 | -1,490,178 | -385,035 | -2,161,005 | 2,653,641 | -1,318,585 | 1,929,374 |
| cash and cash equivalents | |||||||||||||||
| cash | -2,009,000 | 2,009,000 | -851,520 | 630,862 | -1,163,950 | 1,384,317 | -69,741 | 70,032 | 6,794 | -1 | 1 | ||||
| overdraft | 304,000 | 227,000 | -448,000 | 448,000 | -690,952 | -18,820,655 | 19,511,607 | 10,179,449 | -8,265,295 | 4,445,686 | 5,634,279 | -4,955,092 | 6,090,412 | ||
| change in cash | -304,000 | -2,236,000 | 2,457,000 | -1,299,520 | 630,862 | -1,163,950 | 2,075,269 | 18,750,914 | -19,441,575 | -10,172,655 | 8,265,295 | -4,445,687 | -5,634,278 | 4,955,092 | -6,090,412 |
bancon homes limited Credit Report and Business Information
Bancon Homes Limited Competitor Analysis
Perform a competitor analysis for bancon homes limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in AB31 area or any other competitors across 12 key performance metrics.
bancon homes limited Ownership
BANCON HOMES LIMITED group structure
Bancon Homes Limited has no subsidiary companies.
Ultimate parent company
2 parents
BANCON HOMES LIMITED
SC118706
bancon homes limited directors
Bancon Homes Limited currently has 5 directors. The longest serving directors include Mr James Tosh (Apr 2017) and Mr Andrew Tweedie (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Tosh | Scotland | 50 years | Apr 2017 | - | Director |
| Mr Andrew Tweedie | Scotland | 48 years | Nov 2017 | - | Director |
| Mr James Adamson | Scotland | 34 years | Jul 2023 | - | Director |
| Mr Craig Fotheringham | Scotland | 47 years | Nov 2023 | - | Director |
| Mr Philip Lumsden | 49 years | Jan 2024 | - | Director |
P&L
March 2024turnover
62.6m
-3%
operating profit
3.9m
-5%
gross margin
12.2%
+10.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
7.8m
+0.07%
total assets
49m
+0.39%
cash
0
0%
net assets
Total assets minus all liabilities
bancon homes limited company details
company number
SC118706
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
June 1989
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
katlaw limited (September 1989)
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
burnett house, burn o'bennie road, banchory, aberdeenshire, AB31 5ZU
Bank
-
Legal Advisor
-
bancon homes 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 47 charges/mortgages relating to bancon homes limited. Currently there are 21 open charges and 26 have been satisfied in the past.
bancon homes limited 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 BANCON HOMES LIMITED. This can take several minutes, an email will notify you when this has completed.
bancon homes limited Companies House Filings - See Documents
| date | description | view/download |
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