FONDINFRA LTD
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Cash
£52M
EUR 61,084,258
-11.9% vs 2023
Net assets
£42M
EUR 48,866,706
+22.2% vs 2023
Employees
237
+71.7% vs 2023
Profit before tax
£9.9M
EUR 11,568,229
-29.1% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £133,010,098 | £143,067,573 | +7.6% | |
| Operating profit | £13,565,097 | £9,732,652 | -28.3% | |
| Profit before tax | £13,990,116 | £9,917,042 | -29.1% | |
| Net profit | £11,119,589 | £7,620,912 | -31.5% | |
| Cash | £59,410,536 | £52,365,416 | -11.9% | |
| Total assets less current liabilities | £37,740,511 | £51,536,930 | +36.6% | |
| Net assets | £34,290,916 | £41,891,733 | +22.2% | |
| Equity | £34,290,916 | £41,891,733 | +22.2% | |
| Average employees | 138 | 237 | +71.7% | |
| Wages | £9,803,385 | £8,896,087 | -9.3% | |
| Directors' remuneration | £1,332,377 | £1,417,917 | +6.4% |
Figures converted to GBP from EUR at 0.857 per EUR (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 10.2% | 6.8% | |
| Net margin | 8.4% | 5.3% | |
| Return on capital employed | 35.9% | 18.9% | |
| Gearing (liabilities / total assets) | 82.1% | 79.4% | |
| Current ratio | 1.21x | 1.27x | |
| Interest cover | 67.62x | 20.56x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Kreston Reeves LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- FONDINFRA LTD · parent
- Ellipse Group SAS 100%
- Ellipse Projects SAS 100%
- Ellipse Projects Senegal SASU 100%
- Ellipse Projects (UK) Limited 100%
- Ellipse Projects PTE Ltd 100%
- Ellipse Projects Belgium 100%
- PT Ellipse Projects Indonesia 100%
- Ellipse Projects Kenya Limited 100%
- JV Tyllium - Ellipse U.K. Ltd 51%
- Ellipse Projects Romania SRL 100%
- Ellipse Real Estate Pte Ltd 100%
- Ellipse Immo Benin SCI 100%
- Ellipse Digital SAS 51%
- Ellipse Heathcare SAS 95%
- Ellipse Healthcare Benin 95%
- Ellipse Investments PTE Ltd 100%
Significant events
- “There have been no significant events affecting the Group since the year end.”
- “Economic & political risk: The Group is exposed to changes in economic and/or political conditions in the various jurisdictions it operates in. This could result in expected projects not being approved to begin or difficulties arising in the completion of existing projects.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BREEZE, Christopher Mark | Director | 2024-12-17 | Aug 1963 | British |
| CUDEL, Arnaud | Director | 2019-10-28 | Apr 1972 | French |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Olivier Gaston Picard | Individual | Shares 50–75% | 2019-12-16 | Active |
Filing timeline
Last 19 of 19 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-19 | AA | accounts | Accounts with accounts type group | |
| 2025-01-23 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | CH01 | officers | Change person director company with change date | |
| 2024-07-09 | AA | accounts | Accounts with accounts type group | |
| 2023-10-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-17 | AA | accounts | Accounts with accounts type group | |
| 2022-10-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-15 | AA | accounts | Accounts with accounts type group | |
| 2022-01-20 | SH01 | capital | Capital allotment shares | |
| 2021-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-16 | AA | accounts | Accounts with made up date | |
| 2020-10-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-10-28 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2020-10-06 | AA01 | accounts | Change account reference date company current extended | |
| 2020-09-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-12-17 | SH01 | capital | Capital allotment shares | |
| 2019-10-28 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.