Formation Design and Build Limited
UnknownCompany number03536763
Company typeUnknown
JurisdictionUnknown
IncorporatedInvalid Date
Concentration risk
Buyer concentrationHigh risk
99%Top 3 buyers account for 99% of total contract value
Sector concentrationHigh risk
100%Top 2 sectors represent 100% of portfolio
Single buyer dependencyHigh risk
59%Largest buyer (WESTWORKS PROCUREMENT LIMITED) represents 59% of total value
Route to marketHigh risk
100%100% of contract value via direct award
Contract renewal windowLow risk
1 in 24mo1 contracts due for renewal in next 24 months
New buyer acquisitionMedium risk
1 in 24mo1 new buying relationships in last 24 months
Buyer breakdown7 buyers
Total buyers7
Top 5 concentration100%
Returning buyers6
New buyers (24 mo)1
Top buyers by contract value
Sector breakdown1 sectors
100%
OtherOther
Other
StableContract value£281m
Contracts20
Buyers7
Contract patterns
Avg contract value£14m
Avg duration3yr 8mo
Renewal rate57%
Total contracts20
Awards by year
42022£58m
42023£218m
12024£3m
12025£1m
Procurement route
Direct award