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FOUNDATION DEVELOPMENTS LIMITED

#02545286 · Active · Incorporated 1990-10-02 (35y 10m) · Last filing 2026-07-24 (1mo ago)
Industrials · SIC 43999 · F Construction · Full accounts
Accounts due 2027-09-30 (in 1y) · Confirmation due 2026-10-16 (in 2 months) · No watchouts on the register

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Cash

£3.3m

-20.7% lowest in 3 filed years

Net assets

£1.8m

-6.9% vs 2024

Employees

16

-20% lowest in 3 filed years

Profit before tax

-£136k

-108.6% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £66,012,810£40,315,205£24,385,552 -39.5%
Operating profit £3,039,686£1,890,574£112,163 -94.1%
Profit before tax £2,823,342£1,592,369-£136,475 -108.6%
Net profit £2,994,095£1,592,369-£136,475 -108.6%
Cash £3,392,776£4,196,517£3,329,282 -20.7%
Total assets less current liabilities £6,300,432£7,747,283£5,429,991 -29.9%
Net assets £379,706£1,972,075£1,835,600 -6.9%
Equity £379,706£1,972,075£1,835,600 -6.9%
Average employees 232016 -20%
Wages £2,359,284£2,238,183£2,037,741 -9%
Directors' remuneration £1,383,580£1,422,612£1,688,006 +18.7%

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-312025-12-31
Operating margin 4.6%4.7%0.5%
Net margin 4.5%3.9%-0.6%
Return on capital employed 48.2%24.4%2.1%
Gearing (liabilities / total assets) —84.8%80.2%
Current ratio 1.25x1.82x1.58x
Interest cover 11.05x5.06x0.33x

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 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.”

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 Shares 75–100% (as firm), Voting 75–100% (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 125 total filings

Date Type Category Description
2026-07-24 AA accounts Accounts with accounts type full
2025-10-09 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-06-23 AA accounts Accounts with accounts type full
2024-10-02 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-08-29 AA accounts Accounts with accounts type full
2024-08-08 MR04 mortgage Mortgage satisfy charge full PDF
2024-08-08 MR04 mortgage Mortgage satisfy charge full PDF
2024-08-08 MR04 mortgage Mortgage satisfy charge full PDF
2023-11-07 MR04 mortgage Mortgage satisfy charge full PDF
2023-10-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-07-21 AA accounts Accounts with accounts type full
2022-10-31 TM01 officers Termination director company with name termination date PDF
2022-10-11 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-07-11 AA accounts Accounts with accounts type full
2021-10-04 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-06-28 AA accounts Accounts with accounts type full
2021-06-07 AP01 officers Appoint person director company with name date PDF
2020-10-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2020-08-24 AA accounts Accounts with accounts type full
2019-10-03 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page