forged solutions group limited
forged solutions group limited Company Information
Company Number
00158672
Next Accounts
Sep 2025
Shareholders
aero forgings bidco limited
Group Structure
View All
Industry
Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Registered Address
forged solutions group, dale road north, matlock, DE4 2JB
Website
www.firthrixson.comforged solutions group limited Estimated Valuation
Pomanda estimates the enterprise value of FORGED SOLUTIONS GROUP LIMITED at £78.5m based on a Turnover of £101.8m and 0.77x industry multiple (adjusted for size and gross margin).
forged solutions group limited Estimated Valuation
Pomanda estimates the enterprise value of FORGED SOLUTIONS GROUP LIMITED at £91.8m based on an EBITDA of £13.7m and a 6.68x industry multiple (adjusted for size and gross margin).
forged solutions group limited Estimated Valuation
Pomanda estimates the enterprise value of FORGED SOLUTIONS GROUP LIMITED at £114.6m based on Net Assets of £60.1m and 1.91x industry multiple (adjusted for liquidity).
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Forged Solutions Group Limited Overview
Forged Solutions Group Limited is a live company located in matlock, DE4 2JB with a Companies House number of 00158672. It operates in the forging, pressing, stamping and roll-forming of metal sector, SIC Code 25500. Founded in September 1919, it's largest shareholder is aero forgings bidco limited with a 100% stake. Forged Solutions Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £101.8m with healthy growth in recent years.
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Forged Solutions Group Limited Health Check
Pomanda's financial health check has awarded Forged Solutions Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £101.8m, make it larger than the average company (£20.2m)
£101.8m - Forged Solutions Group Limited
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.9%)
13% - Forged Solutions Group Limited
5.9% - Industry AVG
Production
with a gross margin of 14.6%, this company has a comparable cost of product (15.8%)
14.6% - Forged Solutions Group Limited
15.8% - Industry AVG
Profitability
an operating margin of 9.9% make it more profitable than the average company (4.1%)
9.9% - Forged Solutions Group Limited
4.1% - Industry AVG
Employees
with 422 employees, this is above the industry average (117)
422 - Forged Solutions Group Limited
117 - Industry AVG
Pay Structure
on an average salary of £51.4k, the company has a higher pay structure (£38.1k)
£51.4k - Forged Solutions Group Limited
£38.1k - Industry AVG
Efficiency
resulting in sales per employee of £241.2k, this is more efficient (£175.2k)
£241.2k - Forged Solutions Group Limited
£175.2k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (55 days)
80 days - Forged Solutions Group Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is close to average (49 days)
54 days - Forged Solutions Group Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 121 days, this is more than average (71 days)
121 days - Forged Solutions Group Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (7 weeks)
15 weeks - Forged Solutions Group Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.5%, this is a lower level of debt than the average (54.5%)
39.5% - Forged Solutions Group Limited
54.5% - Industry AVG
FORGED SOLUTIONS GROUP LIMITED financials
Forged Solutions Group Limited's latest turnover from December 2023 is £101.8 million and the company has net assets of £60.1 million. According to their latest financial statements, Forged Solutions Group Limited has 422 employees and maintains cash reserves of £5.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 101,774,000 | 75,949,000 | 58,746,000 | 70,974,000 | 101,192,000 | 100,201,000 | 104,598,000 | 103,898,000 | 94,263,000 | 110,153,000 | 119,934,000 | 148,648,000 | 121,924,000 | 89,873,000 | 105,360,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 86,935,000 | 73,706,000 | 55,892,000 | 74,299,000 | 96,584,000 | 97,189,000 | 101,072,000 | 99,530,000 | 95,539,000 | 114,268,000 | 107,679,000 | 122,726,000 | 100,664,000 | 73,034,000 | 82,754,000 |
| Gross Profit | 14,839,000 | 2,243,000 | 2,854,000 | -3,325,000 | 4,608,000 | 3,012,000 | 3,526,000 | 4,368,000 | -1,276,000 | -4,115,000 | 12,255,000 | 25,922,000 | 21,260,000 | 16,839,000 | 22,606,000 |
| Admin Expenses | 4,779,000 | 3,854,000 | 2,781,000 | 2,175,000 | 5,201,000 | 2,130,000 | 2,865,000 | 45,140,000 | 13,300,000 | 1,091,000 | 7,446,000 | 9,684,000 | 4,435,000 | 4,292,000 | 4,152,000 |
| Operating Profit | 10,060,000 | -1,611,000 | 73,000 | -5,500,000 | -593,000 | 882,000 | 661,000 | -40,772,000 | -14,576,000 | -5,206,000 | 4,809,000 | 16,238,000 | 16,825,000 | 12,547,000 | 18,454,000 |
| Interest Payable | 1,924,000 | 896,000 | 846,000 | 606,000 | 774,000 | 638,000 | 576,000 | 1,140,000 | 623,000 | 133,000 | 828,000 | 845,000 | 735,000 | 236,000 | 217,000 |
| Interest Receivable | 1,016,000 | 69,000 | |||||||||||||
| Pre-Tax Profit | 9,152,000 | -2,438,000 | -773,000 | -6,106,000 | -1,367,000 | 244,000 | 85,000 | -41,912,000 | -15,199,000 | -5,339,000 | 3,981,000 | 16,512,000 | 16,090,000 | 12,311,000 | 18,237,000 |
| Tax | -1,452,000 | 1,605,000 | 1,350,000 | -186,000 | 286,000 | -66,000 | -92,000 | 5,589,000 | 2,845,000 | 968,000 | 977,000 | 2,173,000 | -957,000 | -1,316,000 | -1,446,000 |
| Profit After Tax | 7,700,000 | -833,000 | 577,000 | -6,292,000 | -1,081,000 | 178,000 | -7,000 | -36,323,000 | -12,354,000 | -4,371,000 | 4,958,000 | 18,685,000 | 15,133,000 | 10,995,000 | 16,791,000 |
| Dividends Paid | 29,511,000 | 10,000,000 | |||||||||||||
| Retained Profit | 7,700,000 | -833,000 | 577,000 | -6,292,000 | -30,592,000 | 178,000 | -7,000 | -36,323,000 | -12,354,000 | -4,371,000 | 4,958,000 | 18,685,000 | 15,133,000 | 995,000 | 16,791,000 |
| Employee Costs | 21,682,000 | 17,941,000 | 15,472,000 | 25,109,000 | 27,919,000 | 25,463,000 | 23,824,000 | 24,307,000 | 24,551,000 | 30,040,000 | 27,558,000 | 26,424,000 | 22,501,000 | 15,820,000 | 19,726,000 |
| Number Of Employees | 422 | 368 | 346 | 481 | 501 | 480 | 461 | 507 | 574 | 574 | 611 | 683 | 561 | 449 | 484 |
| EBITDA* | 13,748,000 | 2,034,000 | 3,947,000 | -1,945,000 | 3,287,000 | 2,875,000 | 8,592,000 | -30,576,000 | -5,107,000 | 5,018,000 | 9,574,000 | 21,316,000 | 20,862,000 | 15,703,000 | 21,099,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 27,585,000 | 27,968,000 | 28,714,000 | 29,985,000 | 28,243,000 | 27,822,000 | 26,378,000 | 30,015,000 | 72,459,000 | 65,968,000 | 50,241,000 | 29,211,000 | 24,675,000 | 23,594,000 | 22,567,000 |
| Intangible Assets | 488,000 | 700,000 | 506,000 | 252,000 | 3,122,000 | 3,381,000 | 3,894,000 | 3,962,000 | 3,647,000 | 1,192,000 | |||||
| Investments & Other | 180,000 | 180,000 | 180,000 | ||||||||||||
| Debtors (Due After 1 year) | 4,666,000 | 2,223,000 | |||||||||||||
| Total Fixed Assets | 32,251,000 | 30,191,000 | 28,714,000 | 29,985,000 | 28,243,000 | 28,310,000 | 27,078,000 | 30,521,000 | 72,711,000 | 69,090,000 | 53,622,000 | 33,105,000 | 28,817,000 | 27,421,000 | 23,939,000 |
| Stock & work in progress | 28,883,000 | 27,471,000 | 27,165,000 | 34,184,000 | 42,580,000 | 38,449,000 | 36,924,000 | 36,191,000 | 31,530,000 | 28,584,000 | 25,449,000 | 16,832,000 | 14,681,000 | 13,714,000 | 13,659,000 |
| Trade Debtors | 22,584,000 | 18,116,000 | 14,240,000 | 10,557,000 | 18,668,000 | 18,527,000 | 20,409,000 | 23,132,000 | 18,060,000 | 19,472,000 | 25,223,000 | 33,415,000 | 25,088,000 | 21,630,000 | 13,786,000 |
| Group Debtors | 15,000 | 726,000 | 277,000 | 257,000 | 2,546,000 | 3,803,000 | 2,527,000 | 2,098,000 | 118,000 | 298,000 | 342,000 | 226,000 | 480,000 | 52,000 | |
| Misc Debtors | 10,350,000 | 11,859,000 | 10,525,000 | 9,449,000 | 10,400,000 | 11,256,000 | 10,558,000 | 12,798,000 | 6,935,000 | 5,402,000 | 3,748,000 | 2,590,000 | 3,687,000 | 2,782,000 | 2,079,000 |
| Cash | 5,276,000 | 2,081,000 | 561,000 | 828,000 | 11,346,000 | 242,000 | 1,792,000 | 1,261,000 | 3,792,000 | 37,434,000 | 53,465,000 | 45,031,000 | 31,457,000 | 23,318,000 | |
| misc current assets | |||||||||||||||
| total current assets | 67,108,000 | 59,527,000 | 53,217,000 | 55,295,000 | 83,251,000 | 71,020,000 | 73,486,000 | 75,909,000 | 62,415,000 | 53,576,000 | 92,152,000 | 106,644,000 | 88,713,000 | 70,063,000 | 52,894,000 |
| total assets | 99,359,000 | 89,718,000 | 81,931,000 | 85,280,000 | 111,494,000 | 99,330,000 | 100,564,000 | 106,430,000 | 135,126,000 | 122,666,000 | 145,774,000 | 139,749,000 | 117,530,000 | 97,484,000 | 76,833,000 |
| Bank overdraft | 4,899,000 | ||||||||||||||
| Bank loan | 14,529,000 | ||||||||||||||
| Trade Creditors | 13,071,000 | 13,373,000 | 10,831,000 | 10,179,000 | 21,604,000 | 15,447,000 | 18,019,000 | 14,913,000 | 10,810,000 | 19,144,000 | 24,075,000 | 24,137,000 | 23,673,000 | 18,506,000 | 10,786,000 |
| Group/Directors Accounts | 1,433,000 | 335,000 | 622,000 | 1,384,000 | 31,058,000 | 28,431,000 | 34,432,000 | 36,024,000 | 349,000 | 14,312,000 | 13,991,000 | 14,259,000 | 14,266,000 | 4,287,000 | |
| other short term finances | 270,000 | ||||||||||||||
| hp & lease commitments | 68,000 | 91,000 | 90,000 | ||||||||||||
| other current liabilities | 3,687,000 | 3,782,000 | 1,802,000 | 2,471,000 | 4,613,000 | 3,026,000 | 1,483,000 | 3,683,000 | 2,498,000 | 2,930,000 | 8,616,000 | 7,898,000 | 4,866,000 | 5,465,000 | 3,778,000 |
| total current liabilities | 18,191,000 | 17,558,000 | 27,875,000 | 14,124,000 | 26,217,000 | 49,531,000 | 47,933,000 | 53,028,000 | 49,602,000 | 27,322,000 | 47,003,000 | 46,026,000 | 42,798,000 | 38,237,000 | 18,851,000 |
| loans | 19,829,000 | 19,393,000 | 18,072,000 | 28,891,000 | |||||||||||
| hp & lease commitments | 68,000 | 159,000 | |||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 1,250,000 | 378,000 | 766,000 | 1,016,000 | 2,191,000 | 2,858,000 | 5,971,000 | 6,735,000 | 2,534,000 | ||||||
| total long term liabilities | 21,079,000 | 19,771,000 | 834,000 | 19,247,000 | 31,082,000 | 2,858,000 | 5,971,000 | 6,735,000 | 2,534,000 | ||||||
| total liabilities | 39,270,000 | 37,329,000 | 28,709,000 | 33,371,000 | 57,299,000 | 52,389,000 | 53,904,000 | 59,763,000 | 52,136,000 | 27,322,000 | 47,003,000 | 46,026,000 | 42,798,000 | 38,237,000 | 18,851,000 |
| net assets | 60,089,000 | 52,389,000 | 53,222,000 | 51,909,000 | 54,195,000 | 46,941,000 | 46,660,000 | 46,667,000 | 82,990,000 | 95,344,000 | 98,771,000 | 93,723,000 | 74,732,000 | 59,247,000 | 57,982,000 |
| total shareholders funds | 60,089,000 | 52,389,000 | 53,222,000 | 51,909,000 | 54,195,000 | 46,941,000 | 46,660,000 | 46,667,000 | 82,990,000 | 95,344,000 | 98,771,000 | 93,723,000 | 74,732,000 | 59,247,000 | 57,982,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 10,060,000 | -1,611,000 | 73,000 | -5,500,000 | -593,000 | 882,000 | 661,000 | -40,772,000 | -14,576,000 | -5,206,000 | 4,809,000 | 16,238,000 | 16,825,000 | 12,547,000 | 18,454,000 |
| Depreciation | 3,688,000 | 3,645,000 | 3,874,000 | 3,555,000 | 3,392,000 | 1,937,000 | 7,873,000 | 10,136,000 | 7,318,000 | 8,411,000 | 3,697,000 | 4,010,000 | 3,282,000 | 2,853,000 | 2,645,000 |
| Amortisation | 488,000 | 56,000 | 58,000 | 60,000 | 2,151,000 | 1,813,000 | 1,068,000 | 1,068,000 | 755,000 | 303,000 | |||||
| Tax | -1,452,000 | 1,605,000 | 1,350,000 | -186,000 | 286,000 | -66,000 | -92,000 | 5,589,000 | 2,845,000 | 968,000 | 977,000 | 2,173,000 | -957,000 | -1,316,000 | -1,446,000 |
| Stock | 1,412,000 | 306,000 | -7,019,000 | -8,396,000 | 4,131,000 | 1,525,000 | 733,000 | 4,661,000 | 2,946,000 | 3,135,000 | 8,617,000 | 2,151,000 | 967,000 | 55,000 | 13,659,000 |
| Debtors | 5,417,000 | 6,707,000 | 5,208,000 | -9,042,000 | -3,004,000 | -2,441,000 | -3,687,000 | 11,364,000 | 2,101,000 | -4,277,000 | -7,078,000 | 7,346,000 | 4,109,000 | 8,975,000 | 15,917,000 |
| Creditors | -302,000 | 2,542,000 | 652,000 | -11,425,000 | 6,157,000 | -2,572,000 | 3,106,000 | 4,103,000 | -8,334,000 | -4,931,000 | -62,000 | 464,000 | 5,167,000 | 7,720,000 | 10,786,000 |
| Accruals and Deferred Income | -95,000 | 1,980,000 | -669,000 | -2,142,000 | 1,587,000 | 1,543,000 | -2,200,000 | 1,185,000 | -432,000 | -5,686,000 | 718,000 | 3,032,000 | -599,000 | 1,687,000 | 3,778,000 |
| Deferred Taxes & Provisions | 872,000 | -388,000 | -250,000 | -1,175,000 | -667,000 | -3,113,000 | -764,000 | 4,201,000 | 2,534,000 | ||||||
| Cash flow from operations | 5,942,000 | 760,000 | 6,841,000 | 565,000 | 9,523,000 | -417,000 | 11,596,000 | -31,523,000 | -13,541,000 | -3,489,000 | 9,668,000 | 17,488,000 | 19,397,000 | 14,764,000 | 4,641,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -180,000 | 180,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -14,529,000 | 14,529,000 | |||||||||||||
| Group/Directors Accounts | 1,098,000 | -287,000 | -762,000 | 1,384,000 | -31,058,000 | 2,627,000 | -6,001,000 | -1,592,000 | 35,675,000 | -13,963,000 | 321,000 | -268,000 | -7,000 | 9,979,000 | 4,287,000 |
| Other Short Term Loans | -270,000 | 270,000 | |||||||||||||
| Long term loans | 436,000 | 19,393,000 | -18,072,000 | -10,819,000 | 28,891,000 | ||||||||||
| Hire Purchase and Lease Commitments | -68,000 | -91,000 | -90,000 | 249,000 | |||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -908,000 | -827,000 | -846,000 | -606,000 | -774,000 | -638,000 | -576,000 | -1,140,000 | -623,000 | -133,000 | -828,000 | -845,000 | -735,000 | -236,000 | -217,000 |
| cash flow from financing | 558,000 | 3,659,000 | -4,505,000 | -5,786,000 | 34,905,000 | 2,092,000 | -6,577,000 | -3,002,000 | 35,322,000 | -13,152,000 | -417,000 | -807,000 | -390,000 | 10,013,000 | 45,261,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 3,195,000 | 1,520,000 | -267,000 | -10,518,000 | 11,104,000 | -1,550,000 | 531,000 | -2,531,000 | 3,792,000 | -37,434,000 | -16,031,000 | 8,434,000 | 13,574,000 | 8,139,000 | 23,318,000 |
| overdraft | -4,899,000 | 4,899,000 | |||||||||||||
| change in cash | 3,195,000 | 1,520,000 | -267,000 | -10,518,000 | 11,104,000 | -1,550,000 | 531,000 | -2,531,000 | 8,691,000 | -42,333,000 | -16,031,000 | 8,434,000 | 13,574,000 | 8,139,000 | 23,318,000 |
forged solutions group limited Credit Report and Business Information
Forged Solutions Group Limited Competitor Analysis
Perform a competitor analysis for forged solutions group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in DE4 area or any other competitors across 12 key performance metrics.
forged solutions group limited Ownership
FORGED SOLUTIONS GROUP LIMITED group structure
Forged Solutions Group Limited has no subsidiary companies.
Ultimate parent company
FORGED SOLUTIONS GLOBAL HOLDINGS INC
#0160780
2 parents
FORGED SOLUTIONS GROUP LIMITED
00158672
forged solutions group limited directors
Forged Solutions Group Limited currently has 5 directors. The longest serving directors include Mr Peter Manos (Dec 2019) and Mr Duncan Hinks (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Manos | England | 59 years | Dec 2019 | - | Director |
| Mr Duncan Hinks | United Kingdom | 49 years | Feb 2020 | - | Director |
| Lee Smith | England | 52 years | Feb 2020 | - | Director |
| Mr Benjamin McIvor | England | 50 years | Feb 2020 | - | Director |
| Mr Henry Albers | England | 35 years | Mar 2021 | - | Director |
P&L
December 2023turnover
101.8m
+34%
operating profit
10.1m
-724%
gross margin
14.6%
+393.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
60.1m
+0.15%
total assets
99.4m
+0.11%
cash
5.3m
+1.54%
net assets
Total assets minus all liabilities
forged solutions group limited company details
company number
00158672
Type
Private limited with Share Capital
industry
25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
incorporation date
September 1919
age
106
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
firth rixson forgings limited (February 2020)
firth-derihon stampings limited (April 1991)
accountant
-
auditor
BDO LLP
address
forged solutions group, dale road north, matlock, DE4 2JB
Bank
HSBC BANK PLC
Legal Advisor
-
forged solutions group limited Charges & Mortgages
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 12 charges/mortgages relating to forged solutions group limited. Currently there are 2 open charges and 10 have been satisfied in the past.
forged solutions group limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for FORGED SOLUTIONS GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
forged solutions group limited Companies House Filings - See Documents
| date | description | view/download |
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