How much does Hardrock Developments Limited make?

Hardrock Developments Limited reported revenue of £12.4m and a loss of £8m in the year to 30 Nov 2024, according to its accounts filed at Companies House.

How many employees does Hardrock Developments Limited have?

Hardrock Developments Limited reported an average of 0 employees in the year to 30 Nov 2024.

Is Hardrock Developments Limited profitable?

No — Hardrock Developments Limited reported a loss of £8m in the year to 30 Nov 2024.

Company No. 09860229 · Incorporated 6 Nov 2015

Hardrock Developments Limited

Registered name: HARDROCK DEVELOPMENTS LIMITED

Part of Fortannia Limited group

Hardrock Developments Limited made £12.4m revenue and a £8m loss in the year to 30 Nov 2024.

Hardrock Developments Limited’s revenue fell 17% to £12.4m in the year to 30 Nov 2024, with a loss of £8m and 0 employees. The company is classified under “construction of domestic buildings” and is based in Bristol; we hold 4 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41202Construction of domestic buildings

Status: Active
Location: Bristol, South West
Age: 10 yrs · since 2015
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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.

Latest accounts · year to 30 Nov 2024

Key figures

Small teamCapital-lightCash flow filed

Revenue

£12.4m

Growth ▼17.3%

Profit

−£8m

Growth —

Profit margin

−64.8%

Gross −64.6%

Employees

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Nov 2021	30 Nov 2022	30 Nov 2023	30 Nov 2024
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£25.9m	£20.9m	£15m	£12.4m
Cost of sales	£31.5m	£31.4m	£23.5m	£20.4m
Gross profit	−£5.7m	−£10.5m	−£8.5m	−£8m
Operating profit	−£5.7m	−£10.6m	−£8.6m	−£8m
Profit before tax	−£5.7m	−£10.6m	−£8.6m	—
Profit after tax	−£5.7m	−£10.6m	−£8.6m	−£8m
Profit (best available)	−£5.7m	−£10.6m	−£8.6m	−£8m
Employees (average)	0	0	0	0
Ratios
Profit margin	−22.1%	−50.7%	−57.2%	−64.8%
Gross margin	−22%	−50.3%	−57%	−64.6%
Growth (year on year)
Revenue growth	—	▼19.3%	▼28.2%	▼17.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£8.2m	£6.9m	£4.3m	£1.1m
Net assets	−£57.2m	−£67.8m	−£76.3m	−£84.4m
Fixed assets	£634	£424	£283	£189
Current assets	£28.8m	£30.8m	£30.2m	£20.8m
Debtors	£185k	£0	£0	£6.3k
Deferred income	£4.4m	£7m	£5.5m	—
Cash from operations	£1.1m	£12.7m	£12.5m	£3.2m
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: −64.8%; Profit ÷ revenue.
Gross margin: −64.6%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.1%; 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: —; Now −£84.4m
Cash at bank: ▼74%; Now £1.1m
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: ▼33%; Now £189

Corporate ownership

Group structure

Ownership chain

Fortannia Limitedultimate parent75–100%
Hardrock Developments Limitedthis company

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

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

Same industry, similar size

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Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Nov 2024 (profit −£8m), from the Companies House accounts bulk data published Aug 2025. 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.