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Company report  ·  June 2026

Profit & Loss Forecast

Leodis Developments Ltd  ·  June 2026 – May 2027

Forecast revenue

£756,671

Full year

Gross profit

(£55,949)

(7.4%) margin

Net result

(£569,396)

(75.3%) margin

New work to break even

£1.63m

At 35% margin

!

Where we stand  ·  June 2026

Forecast net loss of (£569,396). Gross profit of (£55,949) sits £569,396 below the £513,447 needed to break even, which is overheads plus finance. The book bills to December, then five months carry the fixed cost base of about £64,000 a month with no revenue. Closing the gap means roughly £1.63m of new work at a 35% margin, signed before the autumn.

1

The shape of the year

Why the loss is structural
Revenue and gross profit against break-even Jun 2026 – May 2027
Revenue
Gross profit
Break-even £42,787 a month

Revenue is sizeable through the autumn, but once engineer payroll and project costs are taken off, gross profit never reaches the £42,787 a month needed to cover overheads and finance. From January there is no revenue at all while the cost base continues. The shortfall in every month is what accumulates to the (£569,396) net loss.

2

Quarterly profit and loss

Revenue down to net result
Q1Q2Q3Q4Full year
Revenue£392,812£324,313£39,547£0£756,671
Direct costs(£320,647)(£298,983)(£96,495)(£96,495)(£812,620)
Gross profit£72,165£25,329(£56,948)(£96,495)(£55,949)
GP margin18.4%7.8%n/mn/m(7.4%)
Overheads(£96,415)(£96,959)(£95,527)(£95,426)(£384,327)
Operating profit(£24,251)(£71,630)(£152,475)(£191,921)(£440,276)
OP margin(6.2%)(22.1%)n/mn/m(58.2%)
Finance costs(£32,280)(£32,280)(£32,280)(£32,280)(£129,120)
Net result(£56,531)(£103,910)(£184,755)(£224,201)(£569,396)
Net margin(14.4%)(32.0%)n/mn/m(75.3%)
3

Revenue solidity

Where it comes from and when it ends

By category

Project revenue£735,201
Intercompany£21,470
Small works—
Total revenue£756,671

Concentration

Tetley Hall and 6 Staveley Road carry £586,353 of the £735,201 project revenue, and both finish by December. The smaller jobs close in June and July. There is no project income at all from January.

By project  ·  last billing month

4

What it takes

Break-even and the £240k target

Break-even means gross profit covering overheads (£384,327) and finance (£129,120), a total of £513,447. The £240,000 profit target sits on top of that. The forecast delivers (£55,949) today, so the climb is steep, and because the current book runs at a loss, new work has to offset that loss as well as cover the fixed base.

Gross profit hurdle

Current gross profit
Break-even
£240k profit

New work required  ·  at 35% margin

To break even
To £240k profit

Track weighted pipeline against this requirement →
5

Overheads and actions

Prepared June 2026

Overheads — top five of £384,327

Full overhead budget, all 31 lines and monthly variance →

Short term focus  ·  Q1–Q2

The first half is closer to breakeven than the cost base suggests. Q1 runs a (£24,251) operating loss at an 18.4% gross margin, but Q2 widens to (£71,630) as the margin falls to 7.8%.
Q2 gross profit of £25,329 does not cover the £96,959 overhead base. Protect the delivered margin on Tetley Hall Block E and 6 Staveley Road, which carry the billing through to the end of the year.
The order book runs to the end of December. Confirm whether any Tetley or Staveley work can extend further, and accelerate certification on completed work to pull revenue forward.

Long term focus  ·  Q3–Q4

From January the business carries about (£64,000) of operating loss every month with no revenue. The combined Q3 and Q4 operating loss of (£344,396) is entirely a revenue problem; the cost base is committed.
Engineer payroll of £32,165 a month, £385,980 across the year, is the largest fixed commitment and does not fall away when projects finish. Decide by September whether the team can be sustained without new contracts signed.
Roughly £1.63m of new work at a 35% margin is needed to break even, and £2.31m to reach the £240k profit target. Both must be signed before the autumn to bill in time, which puts the pipeline decision now.