Forge Europa Ltd

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forge europa ltd Company Information

Live

MatureSmallDeclining

Company Number

02902591

Website

www.forge-europa.co.uk

Registered Address

the old railway, 35 princes street, ulverston, cumbria, LA12 7NQ

Industry

Manufacture of electronic components

Telephone

01229580000

Next Accounts Due

September 2024

Group Structure

View All

Directors

Richard Barton30 Years

Julie Barton24 Years

View All

Shareholders

spled limited 100%

forge europa ltd Estimated Valuation

£4.5m

Pomanda estimates the enterprise value of FORGE EUROPA LTD at £4.5m based on a Turnover of £4.6m and 0.98x industry multiple (adjusted for size and gross margin).

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Forge Europa Ltd is a live company located in ulverston, LA12 7NQ with a Companies House number of 02902591. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in February 1994, it's largest shareholder is spled limited with a 100% stake. Forge Europa Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Forge Europa Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£19.5m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (2.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FORGE EUROPA LTD group structure

Forge Europa Ltd has no subsidiary companies.

Ultimate parent company

SPLED LIMITED

08030409

1 parent

FORGE EUROPA LTD

02902591

FORGE EUROPA LTD Shareholders

spled limited

100%

Forge Europa Ltd currently has 5 directors. The longest serving directors include Mr Richard Barton (Feb 1994) and Ms Julie Barton (Mar 2000).

officer	country	age	start	end	role
Mr Richard Barton		62 years	Feb 1994	-	Director
Ms Julie Barton		57 years	Mar 2000	-	Director
Mr David Scott-Maxwell	United Kingdom	59 years	Jul 2013	-	Director
Mr Ian Dixon	United Kingdom	55 years	Jul 2013	-	Director
Mr Mark McIntosh	United Kingdom	42 years	Aug 2022	-	Director

EXPORT

Forge Europa Ltd's latest turnover from December 2022 is estimated at £4.6 million and the company has net assets of £1.6 million. According to their latest financial statements, Forge Europa Ltd has 37 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Sep 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	4,617,987	4,456,560	4,085,031	4,870,272	4,369,345	4,398,742	4,961,693	5,190,008	6,707,515	5,069,625	3,804,888	3,541,266	3,728,459	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,209,103	3,165,378	2,907,676	3,438,149	3,076,013	3,072,223	3,452,247	3,689,996	4,809,136	3,626,750	2,649,558	2,430,370	2,576,220	0
Gross Profit	1,408,884	1,291,182	1,177,356	1,432,122	1,293,331	1,326,519	1,509,446	1,500,012	1,898,379	1,442,875	1,155,329	1,110,896	1,152,239	0
Admin Expenses	1,442,271	1,310,028	1,231,935	1,550,288	1,353,967	1,302,227	1,374,123	1,404,389	1,999,728	2,396,948	940,797	922,749	824,049	-2,845,355
Operating Profit	-33,387	-18,846	-54,579	-118,166	-60,636	24,292	135,323	95,623	-101,349	-954,073	214,532	188,147	328,190	2,845,355
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	35,677	1,870	642	6,819	6,178	2,477	939	1,825	1,349	2,312	4,469	4,061	4,265	2,666
Pre-Tax Profit	2,290	-16,976	-53,937	-111,347	-54,458	26,769	136,263	97,449	-100,000	-951,761	219,001	192,208	332,456	2,848,021
Tax	-435	0	0	0	0	-5,086	-27,252	-19,490	0	0	-52,560	-49,974	-93,088	-797,446
Profit After Tax	1,855	-16,976	-53,937	-111,347	-54,458	21,683	109,010	77,959	-100,000	-951,761	166,441	142,234	239,368	2,050,575
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,855	-16,976	-53,937	-111,347	-54,458	21,683	109,010	77,959	-100,000	-951,761	166,441	142,234	239,368	2,050,575
Employee Costs	1,671,540	1,383,062	1,413,682	1,596,583	1,569,952	1,508,731	1,590,287	1,669,716	1,880,571	1,296,866	1,117,304	962,955	1,061,462	0
Number Of Employees	37	32	33	37	39	38	40	42	48	34	32	28	32	0
EBITDA*	4,676	15,304	-20,135	-80,987	-22,043	65,685	179,145	148,688	-41,193	-901,961	252,282	228,401	355,687	2,922,364

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Sep 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	417,380	433,269	436,813	450,329	464,963	441,391	463,669	510,690	540,708	533,857	953,972	336,060	203,618	166,710
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	439,223	439,223	0
Debtors (Due After 1 year)	61,752	61,752	46,931	41,991	41,904	0	0	0	0	0	0	0	0	0
Total Fixed Assets	479,132	495,021	483,744	492,320	506,867	441,391	463,669	510,690	540,708	533,857	953,972	775,283	642,841	166,710
Stock & work in progress	760,756	667,348	418,670	556,080	630,617	596,999	491,145	509,164	515,131	411,578	340,180	385,196	373,140	262,734
Trade Debtors	1,093,524	1,022,392	929,093	1,146,773	995,765	1,091,986	1,166,967	1,221,859	1,354,501	1,254,401	1,041,204	922,101	1,051,752	985,769
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	253,149	292,847	135,220	192,415	154,971	184,175	155,123	74,374	0	0	0	0	69,504	61,524
Cash	1,103,898	934,790	561,572	722,789	1,095,538	552,048	438,861	312,572	417,550	121,978	802,862	984,789	639,734	1,066,361
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,211,327	2,917,377	2,044,555	2,618,057	2,876,891	2,425,208	2,252,096	2,117,969	2,287,182	1,787,957	2,184,246	2,292,086	2,134,130	2,376,388
total assets	3,690,459	3,412,398	2,528,299	3,110,377	3,383,758	2,866,599	2,715,765	2,628,659	2,827,890	2,321,814	3,138,218	3,067,369	2,776,971	2,543,098
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	97,981	220,152	198,261	271,223	213,514	235,295	330,511	360,093	1,110,981	500,902	354,162	471,885	358,400	371,948
Group/Directors Accounts	1,664,241	1,288,768	457,535	912,973	778,608	567,360	339,965	303,991	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	239,784	215,515	183,701	185,272	537,150	162,097	156,803	172,342	0	0	0	0	0	0
total current liabilities	2,002,006	1,724,435	839,497	1,369,468	1,529,272	964,752	827,279	836,426	1,110,981	500,902	354,162	471,885	358,400	371,948
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	67,807	69,172	53,035	51,205	53,435	46,338	54,660	67,417	70,052	74,055	85,438	63,307	28,628	20,575
total long term liabilities	67,807	69,172	53,035	51,205	53,435	46,338	54,660	67,417	70,052	74,055	85,438	63,307	28,628	20,575
total liabilities	2,069,813	1,793,607	892,532	1,420,673	1,582,707	1,011,090	881,939	903,843	1,181,033	574,957	439,600	535,192	387,028	392,523
net assets	1,620,646	1,618,791	1,635,767	1,689,704	1,801,051	1,855,509	1,833,826	1,724,816	1,646,857	1,746,857	2,698,618	2,532,177	2,389,943	2,150,575
total shareholders funds	1,620,646	1,618,791	1,635,767	1,689,704	1,801,051	1,855,509	1,833,826	1,724,816	1,646,857	1,746,857	2,698,618	2,532,177	2,389,943	2,150,575

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Sep 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-33,387	-18,846	-54,579	-118,166	-60,636	24,292	135,323	95,623	-101,349	-954,073	214,532	188,147	328,190	2,845,355
Depreciation	38,063	34,150	34,444	37,179	38,593	41,393	43,822	53,065	60,156	52,112	37,750	40,254	27,497	22,009
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	55,000
Tax	-435	0	0	0	0	-5,086	-27,252	-19,490	0	0	-52,560	-49,974	-93,088	-797,446
Stock	93,408	248,678	-137,410	-74,537	33,618	105,854	-18,019	-5,967	103,553	71,398	-45,016	12,056	110,406	262,734
Debtors	31,434	265,747	-269,935	188,539	-83,521	-45,929	25,857	-58,268	100,100	213,197	119,103	-199,155	73,963	1,047,293
Creditors	-122,171	21,891	-72,962	57,709	-21,781	-95,216	-29,582	-750,888	610,079	146,740	-117,723	113,485	-13,548	371,948
Accruals and Deferred Income	24,269	31,814	-1,571	-351,878	375,053	5,294	-15,539	172,342	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,365	16,137	1,830	-2,230	7,097	-8,322	-12,757	-2,635	-4,003	-11,383	22,131	34,679	8,053	20,575
Cash flow from operations	-219,868	-429,279	314,507	-491,388	388,229	-97,570	86,177	-387,748	361,230	-1,051,199	30,043	513,690	72,735	1,207,414
Investing Activities
capital expenditure	-22,174	-30,606	-20,928	-22,545	-62,165	-19,115	3,199	-23,047	-67,007	368,003	-655,662	-172,696	-64,405	-243,719
Change in Investments	0	0	0	0	0	0	0	0	0	0	-439,223	0	439,223	0
cash flow from investments	-22,174	-30,606	-20,928	-22,545	-62,165	-19,115	3,199	-23,047	-67,007	368,003	-216,439	-172,696	-503,628	-243,719
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	375,473	831,233	-455,438	134,365	211,248	227,395	35,974	303,991	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100,000
interest	35,677	1,870	642	6,819	6,178	2,477	939	1,825	1,349	2,312	4,469	4,061	4,265	2,666
cash flow from financing	411,150	833,103	-454,796	141,184	217,426	229,872	36,913	305,816	1,349	2,312	4,469	4,061	4,265	102,666
cash and cash equivalents
cash	169,108	373,218	-161,217	-372,749	543,490	113,187	126,289	-104,978	295,572	-680,884	-181,927	345,055	-426,627	1,066,361
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	169,108	373,218	-161,217	-372,749	543,490	113,187	126,289	-104,978	295,572	-680,884	-181,927	345,055	-426,627	1,066,361

P&L

December 2022

turnover

4.6m

+4%

operating profit

-33.4k

gross margin

30.6%

+5.3%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

1.6m

total assets

3.7m

+0.08%

cash

1.1m

+0.18%

net assets

Total assets minus all liabilities

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company number

02902591

Type

Private limited with Share Capital

industry

26110 - Manufacture of electronic components

incorporation date

February 1994

age

accounts

Total Exemption Full

ultimate parent company

SPLED LIMITED

previous names

forge europa co ltd. (February 1997)

incorporated

address

the old railway, 35 princes street, ulverston, cumbria, LA12 7NQ

last accounts submitted

December 2022

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 2 charges/mortgages relating to forge europa ltd. Currently there are 0 open charges and 2 have been satisfied in the past.

forge europa ltd Company Information

forge europa ltd Estimated Valuation

forge europa ltd Estimated Valuation

forge europa ltd Estimated Valuation

Forge Europa Ltd AI Business Plan

Forge Europa Ltd Overview

Forge Europa Ltd Health Check

forge europa ltd Credit Report and Business Information

Forge Europa Ltd Competitor Analysis

forge europa ltd Ownership

forge europa ltd directors

FORGE EUROPA LTD financials

forge europa ltd company details

forge europa ltd Charges & Mortgages

forge europa ltd Companies House Filings - See Documents