Friday 16 October · 07:00 brief
Good morning. Five things need you today.
Across 6 live developments the portfolio forecasts £14,711,600 against a revised budget of £14.51m — £200k over, mostly on White Lion St (frame and curtain wall). Northgate have invoiced £3,540 above the PO for beams they haven't delivered; it's held. Cash stays above £950k through the next 30 days, with Drawdown 7 landing on the 25th.
Revised budget
£0Original £14.58m
Committed
£078% of budget
Invoiced
£066% of committed
Paid
£0£607k due to suppliers
Forecast final
£0Committed + to complete
Variance
£03 of 6 projects over
Live developments
All six are Kreado's own. Click a project to drill into its cost codes.
§1
Problems reported this week
From site reports, voice notes and photos
AI summary§1 · §7
Transfer beam on hold — 2 steel beams short
White Lion St · Level 3 — grid C/4 · James Whitford
Waiting
MVHR duct clashes with joists (rev D layout)
Holland Park · House 2 — first floor · Priya Nair
In Progress2d overdue
Next 14 days of cash
Payments and receipts already on record
§1 · §11
BACS run 42 — suppliers
18 Oct
−£164k
Payroll + CIS
23 Oct
−£108k
Castle Groundworks — Valuation 2
23 Oct
−£61k
Drawdown 7 — White Lion St (senior loan)
25 Oct
+£410k
VAT reclaim — Q3
28 Oct
+£96k
Arden Glazing deposit (if approved)
30 Oct
−£26k
Development profit
Live — moves with every forecast change
£0
on £35.39m GDV · 16.1% on GDV
White Lion St9.7%
Holland Park16.1%
Richmond Ct31.8%
Glenhurst Ave31.8%
Zealand Rd17.6%
Maida Vale20.3%
Profit on cost · sparkline = monthly spend