FOUNDATION DEVELOPMENTS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-16 (in 5mo)
Last made up 2025-10-02
Watchouts
None on the register
Cash
£4M
+23.7% vs 2023
Net assets
£2M
+419.4% vs 2023
Employees
20
-13% vs 2023
Profit before tax
£2M
-43.6% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £66,012,810 | £40,315,205 | |
| Operating profit | £3,039,686 | £1,890,574 | |
| Profit before tax | £2,823,342 | £1,592,369 | |
| Net profit | £2,994,095 | £1,592,369 | |
| Cash | £3,392,776 | £4,196,517 | |
| Total assets less current liabilities | £6,300,432 | £7,747,283 | |
| Net assets | £379,706 | £1,972,075 | |
| Equity | £379,706 | £1,972,075 | |
| Average employees | 23 | 20 | |
| Wages | £2,359,284 | £2,238,183 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 4.6% | 4.7% | |
| Net margin | 4.5% | 3.9% | |
| Return on capital employed | 48.2% | 24.4% | |
| Current ratio | 1.25x | 1.82x | |
| Interest cover | 11.05x | 5.06x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's projected turnover, cash reserves and financial flexibility results in the directors being confident that the Company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of the financial statements. Thus the directors continue to adopt the going concern basis in preparing the annual financial statements.”
Significant events
- “Continuing cost pressures due to increases in labour, materials, energy, and fuel. UK construction industry experiencing slowdown due to new and stricter building regulations, notably Building Safety Act 2022, leading to project delays and increased costs for developers. Workload decreased, but improved enquiries for 2025/2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HICKEY, Anne | Secretary | 1998-06-01 | — | Irish |
| ADCOCK, Stewart Paul | Director | 2016-01-01 | Aug 1965 | English |
| HICKEY, Anne | Director | 1998-06-01 | Oct 1951 | Irish |
| HICKEY, Patrick | Director | 1994-08-02 | Sep 1954 | Irish |
| HICKEY, Trina Anne | Director | 2016-01-01 | Jul 1981 | Irish |
| MCDONAGH, Martin Joseph | Director | 1995-01-01 | Mar 1967 | Irish |
| NICHOLSON, Shane | Director | 2016-01-01 | Mar 1975 | Irish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MATHIE, James Tennant | Secretary | 1994-12-16 | 1998-06-01 |
| WARD, Christopher | Secretary | — | 1994-12-16 |
| HICKEY, Michael Joseph | Director | — | 2000-12-07 |
| HUNT, Gavin James | Director | 2021-05-01 | 2022-10-28 |
| MATHIE, James Tennant | Director | 1994-07-11 | 1998-06-01 |
| MURPHY, Paul | Director | 2003-01-28 | 2014-12-19 |
| WARD, Christopher | Director | — | 1996-09-26 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hickey Group Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm, voting-rights-75-to-100-percent-as-firm | 2017-09-15 | Active |
| Mr Patrick Hickey | Individual | Shares 75–100%, Voting 75–100%, Appoints directors, Significant influence | 2016-10-02 | Ceased 2017-09-15 |
Filing timeline
Last 20 of 124 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-23 | AA | accounts | Accounts with accounts type full | |
| 2024-10-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-29 | AA | accounts | Accounts with accounts type full | |
| 2024-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-08 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-11-07 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-21 | AA | accounts | Accounts with accounts type full | |
| 2022-10-31 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-11 | AA | accounts | Accounts with accounts type full | |
| 2021-10-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-28 | AA | accounts | Accounts with accounts type full | |
| 2021-06-07 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-08-24 | AA | accounts | Accounts with accounts type full | |
| 2019-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-03 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-38.9%
£66,012,810 £40,315,205
-
Cash
+23.7%
£3,392,776 £4,196,517
-
Net assets
+419.4%
£379,706 £1,972,075
-
Employees
-13%
23 20
-
Operating profit
-37.8%
£3,039,686 £1,890,574
-
Profit before tax
-43.6%
£2,823,342 £1,592,369
-
Wages
-5.1%
£2,359,284 £2,238,183
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers