Chime Group Limited

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Chime Group Limited - overview

Established

2010

Location

London, -, UK

Primary Industry

Financial Services

About

Chime Group Limited is a construction company specializing in the development of new homes in Central Florida, addressing the rising housing demands with a focus on community enhancement. Chime Group Limited, founded in 2010, focuses on the development of new residential properties. The firm is headquartered in Orlando, Florida. The founder's history is not specified, nor are there any known subsidiaries or parent companies.


The company has successfully attracted funding, although specific funding rounds are not disclosed. Chime Group specializes in the development of new home construction, specifically targeting the growing housing needs in Central Florida. The company focuses on increasing housing inventory to meet the urgent demands of the local market. Its core offerings include the construction and sale of residential properties designed for a range of buyers, from first-time homeowners to real estate investors.


The end use cases revolve around providing accessible housing solutions that not only enhance the community's infrastructure but also contribute to the overall economic vitality of the region. Chime Group's client base primarily consists of individual homebuyers, real estate investors, and local developers seeking partnership opportunities. The company operates within Central Florida's housing market, catering specifically to surrounding metropolitan areas such as Orlando and its suburbs. Chime Group's revenue model is primarily derived from direct sales of newly constructed homes to end consumers, as well as potential partnerships with real estate investors.


The firm engages in transactions that typically involve the sale of residential properties at set prices, catering to different market segments based on design and size specifications. Pricing plans for their properties are structured to align with current market trends and the specific needs of buyers, reflecting the quality and unique features of each home. Additionally, revenue may be generated through strategic collaborations with local contractors and suppliers, ensuring a smooth construction and sales process. This structured approach allows Chime Group to optimize its revenue potential while fostering community development in the Central Florida housing sector.


Chime Group is focusing on expanding its operations within Central Florida, particularly in underserved suburban areas of Orlando, with plans to launch new residential projects in 2024. The company aims to utilize recent funding to enhance its construction capabilities and streamline project management processes, thereby increasing its housing inventory to cater to growing demand.


Primary Industry

Financial Services

Sub Industries

Financial Services

Website

www.chime-group.com

Total Amount Raised

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Chime Group Limited - timeline of key events

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Chime Group Limited - financials

Fiscal Year EndedDec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023
Revenue (USD)492,527,000536,259,000352,589,000---
% Revenue Growth (YoY)-8.9%(34.3%)---
EBITDA (USD)28,240,00046,250,00013,579,000---
Operating Income (USD)3,567,00013,038,000(7,946,000)---
Operating Margin0.7%2.4%(2.3%)---
% EBITDA Margin5.7%8.6%3.9%---
NET Income (USD)(14,790,000)(2,880,000)(25,594,000)---
% Net Margin(3.0%)(0.5%)(7.3%)---

Chime Group Limited - employee data

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