Adoni Developments Limited

Active09044657ConstructionIncorporated 16 May 2014 · Southport

The company is a special purpose vehicle wholly owned by Green Pastures CBS Ltd, an exempt charity. The company is redeveloping the site of Dundonald Church, Raynes Park, London to provide a new church and 18 flats for market sale. Brexit and Covid caused some delay which would have resulted in completion in August 2021. However, the ground floor was flooded by heavy rain which caused further delay. Fortunately the entrance hall to the flats was soon rectified and by the year end all but one flat had sold with the final one having exchanged and completed in June 2022.

Revenue

£4.0m

▼ -38.7% vs prior ~12m period

Profit after tax

£604k

Margin 20.2%

Employees

2

▲ +100.0% vs prior ~12m period

Net assets

£550k

Total assets £1.0m

Financial history

Revenue by accounting period

3 periods available · ▲ growth ▼ decline

Mar 2020
£2.1m
Mar 2021
£6.6m▲ +209.9%
Mar 2022
£4.0m▼ -38.7%
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Mar 2022£4.0m▼ -38.7%£604k2£550k
31 Mar 2021£6.6m▲ +209.9%£345k1£291k
31 Mar 2020£2.1m——1-£54k

Latest available figures

Period ending 31 Mar 2022. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

These are the most recent accounts available to us; more recent accounts may exist at Companies House.

Profit & loss

Revenue
£4.0m
Gross profit
£828k
Operating profit
£815k
Profit before tax
£604k
Profit after tax
£604k

Balance sheet

Total assets
£1.0m
Cash
£468k
Total liabilities
£453k
Net assets
£550k
Revenue per employee
£2.0m

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