How much does Formation Design & Build Limited make?

Formation Design & Build Limited reported revenue of £66.3m and £2.9m profit in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Formation Design & Build Limited have?

Formation Design & Build Limited reported an average of 29 employees in the year to 31 Aug 2023.

Is Formation Design & Build Limited profitable?

Yes — Formation Design & Build Limited reported a profit of £2.9m in the year to 31 Aug 2023.

Company No. 03536763 · Incorporated 30 Mar 1998

Formation Design & Build Limited

Registered name: FORMATION DESIGN & BUILD LIMITED

Part of Formation Group Plc group

Formation Design & Build Limited made £66.3m revenue and £2.9m profit in the year to 31 Aug 2023.

Formation Design & Build Limited’s revenue grew 13% to £66.3m in the year to 31 Aug 2023, with £2.9m profit and 29 employees. The company is classified under “development of building projects” and is based in Wembley; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects

Status: Active
Location: Wembley, London
Age: 28 yrs · since 1998
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Formation D & B Holdings Limited”

Latest accounts · year to 31 Aug 2023

Key figures

Capital-light

Revenue

£66.3m

Growth ▲12.7%

Profit

£2.9m

Growth ▼34.7%

Profit margin

4.3%

Gross 9.4%

Employees

Change ▲61.1%

Profit / employee

£99.3k

Revenue/employee £2.3m

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£58.8m	£66.3m
Cost of sales	£52m	£60.1m
Gross profit	£6.8m	£6.2m
Operating profit	£5.4m	£3.8m
Profit before tax	£5.4m	£3.8m
Profit after tax	£4.4m	£2.9m
Profit (best available)	£4.4m	£2.9m
Staff costs	£1.6m	£2.5m
Employees (average)	18	29
Ratios
Profit margin	7.5%	4.3%
Gross margin	11.6%	9.4%
Revenue per employee	£3.3m	£2.3m
Profit per employee	£245k	£99.3k
Growth (year on year)
Revenue growth	—	▲12.7%
Profit growth	—	▼34.7%
Headcount growth	—	▲61.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£3.4m	£11.3m
Net assets	£6m	£8.9m
Fixed assets	£355k	£1.1m
Current assets	£12m	£27.7m
Debtors	£7m	£12.1m
Deferred income	£146k	£7.9m
Source	Accounts · bulk data Feb 2024	Accounts · bulk data Feb 2024

Derived from the latest filing

How the business works

Profit margin: 4.3%; Profit ÷ revenue.
Gross margin: 9.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £2.3m; Revenue ÷ average employees.
Profit per employee: £99.3k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1.6%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 11.9%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▲48%; Now £8.9m
Cash at bank: ▲229%; Now £11.3m
Headcount: ▲61%; Now 29
Deferred income: ▲5301%; Now £7.9m
Fixed assets: ▲202%; Now £1.1m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Formation Group Plc (registered outside the UK register)ultimate parent50–75%
Formation D&B Holdings Limited75–100%
Formation Design & Build Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

Formation (M & E ) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Aug 2023 (profit £2.9m), from the Companies House accounts bulk data published Feb 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.