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Company report  ·  June 2026

Profit & Loss Forecast

Leodis Developments Ltd  ·  June 2026 – May 2027

Forecast revenue

£1,256,671

Full year

Gross profit

£234,051

18.6% margin

Net result

(£278,496)

(22.2%) margin

New work to break even

£796k

At 35% margin

Where we stand  ·  June 2026

Net loss of (£278,496), roughly half the earlier position now the near-certain Craigens contract is included. The first half turns an operating profit and the book runs to April; the remaining loss sits in the January to May tail, where Craigens bills alone and the engineering team is underused. About £796,000 of further work at a 35% margin would close the gap to break-even.

1

The shape of the year

Where the loss now sits
Revenue and net result — monthly Jun 2026 – May 2027
Revenue
Net result — a loss every month

Revenue holds up through the autumn while the major fit-outs and Craigens bill together, yet the net result is a loss in every month of the year. It is small at first, then deepens sharply from January, when Craigens runs alone and the fixed cost base is only half used. May, with no revenue at all, is the worst at (£74,568). Every quarter is a net loss.

2

Quarterly profit and loss

Revenue down to net result
 Q1Q2Q3Q4Full year
Revenue£448,367£490,979£206,213£111,111£1,256,671
Direct costs(£343,980)(£368,983)(£166,495)(£143,162)(£1,022,620)
Gross profit£104,387£121,996£39,718(£32,051)£234,051
GP margin23.3%24.8%19.3%n/m18.6%
Overheads(£96,190)(£96,734)(£95,302)(£95,201)(£383,427)
Operating profit£8,197£25,262(£55,583)(£127,251)(£149,376)
OP margin1.8%5.1%(27.0%)n/m(11.9%)
Finance costs(£32,280)(£32,280)(£32,280)(£32,280)(£129,120)
Net result(£24,083)(£7,018)(£87,863)(£159,531)(£278,496)
Net margin(5.4%)(1.4%)(42.6%)n/m(22.2%)
3

Revenue solidity

Where it comes from and when it ends

By category

Project revenue£1,235,201
Intercompany£21,470
Small works—
Total revenue£1,256,671

The Craigens dependency

Craigens (£512,224, including the near-certain £500,000 electrical contract) is the only work running past December and carries the year through to April. The improved picture depends on it, and it is not yet secured or priced. Tetley Hall and 6 Staveley Road, the other majors, both finish by December.

By project  ·  last billing month

4

What it takes

Break-even and the £240k target

Break-even means gross profit covering overheads (£383,427) and finance (£129,120), a total of £512,547. The forecast now delivers £234,051 of that, so the remaining climb is the gross profit still to find, and the £240,000 profit target sits beyond it. The figures below are the further work needed on top of the current book.

Break even

of further work, at a 35% margin

Gross profit still needed

£240k profit

of further work, at a 35% margin

Gross profit still needed

Track weighted pipeline against this requirement →
5

Overheads and actions

Prepared June 2026

Overheads — top five of £383,427

Full overhead budget, all 31 lines and monthly variance →

Short term focus  ·  Q1–Q2

The first half now turns an operating profit, £8,197 in Q1 and £25,262 in Q2, on gross margins above 23%, carried by Tetley Hall, 6 Staveley Road and the Craigens contract.
Craigens is the swing factor and is not yet secured or priced. Firming it up and pricing it accurately is the single most important commercial action; the whole improvement rests on it.
Protect the delivered margin on Tetley Hall Block E and 6 Staveley Road, which carry the billing through to December.

Long term focus  ·  Q3–Q4

From January only Craigens bills, and it occupies about half the engineering team, so the fixed cost base is only partly covered and those months run at an operating loss. A second job running alongside it would transform the second half.
Roughly £796,000 of further work at a 35% margin closes the gap to break-even, and £1.48m reaches the £240,000 profit target. Both need signing through the autumn to bill in time.
May is the only month with no revenue at all. Work won over the coming months should aim to fill it and the underused January to April period alongside Craigens.