Forkway Limited

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forkway limited Company Information

Live

MatureMidHealthy

Company Number

00788654

Website

www.forkway.co.uk

Registered Address

orbital 7 orbital way, cannock, staffordshire, WS11 8XW

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Telephone

01924465999

Next Accounts Due

September 2024

Group Structure

View All

Directors

Peter Jones2 Years

Shareholders

forkway group ltd 100%

forkway limited Estimated Valuation

£9.2m

Pomanda estimates the enterprise value of FORKWAY LIMITED at £9.2m based on a Turnover of £15m and 0.62x industry multiple (adjusted for size and gross margin).

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Forkway Limited is a live company located in staffordshire, WS11 8XW with a Companies House number of 00788654. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in January 1964, it's largest shareholder is forkway group ltd with a 100% stake. Forkway Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15m with healthy growth in recent years.

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Pomanda's financial health check has awarded Forkway Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £15m, make it larger than the average company (£11.7m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FORKWAY LIMITED group structure

Forkway Limited has 3 subsidiary companies.

Ultimate parent company

SAMMONS ENTERPRISES INC

#0061020

FORKWAY GROUP LIMITED

03117958

2 parents

FORKWAY LIMITED

00788654

3 subsidiaries

FORKWAY (HIRE) LIMITED

00881394

SOLENT FORKLIFT TRUCKS LIMITED

02320695

NISSHIN DENSHI LIMITED

02123712

FORKWAY LIMITED Shareholders

forkway group ltd

100%

Forkway Limited currently has 1 director, Mr Peter Jones serving since Nov 2021.

officer	country	age	start	end	role
Mr Peter Jones	England	55 years	Nov 2021	-	Director

EXPORT

Forkway Limited's latest turnover from December 2022 is £15 million and the company has net assets of £3.7 million. According to their latest financial statements, Forkway Limited has 71 employees and maintains cash reserves of £876.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	14,954,297	10,752,384	12,181,815	11,156,045	11,949,795	12,095,902	10,857,219	10,406,812	9,144,356	9,126,537	10,382,100	8,773,516	7,705,902	7,000,720
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,812,058	7,985,781	8,996,747	8,252,589	8,776,788	8,932,155	8,181,696	7,529,609	6,498,039	6,711,476	7,829,423	6,138,354	5,201,450	4,875,330
Gross Profit	4,142,239	2,766,603	3,185,068	2,903,456	3,173,007	3,163,747	2,675,523	2,877,203	2,646,317	2,415,061	2,552,677	2,635,162	2,504,452	2,125,390
Admin Expenses	2,992,194	3,379,903	2,606,500	2,910,658	2,970,104	2,980,700	2,866,090	2,839,845	2,670,810	2,599,480	2,490,893	2,583,005	2,242,068	3,515,748
Operating Profit	1,150,045	-613,300	578,568	-7,202	202,903	183,047	-190,567	37,358	-24,493	-184,419	61,784	52,157	262,384	-1,390,358
Interest Payable	11,700	16,370	16,697	20,682	20,090	20,814	29,080	46,525	38,511	42,369	65,414	57,315	63,611	54,375
Interest Receivable	4,689	109	0	0	0	0	0	0	0	0	431	299	64	0
Pre-Tax Profit	1,143,034	-629,561	561,871	-27,884	182,813	162,233	-219,647	-9,167	-63,004	-226,788	-3,199	-4,859	198,837	-1,444,671
Tax	-416,979	230,456	-115,195	-49,530	16,092	-24,848	53,134	47,813	-80,854	3,440	-21,775	-30,104	-41,851	41,244
Profit After Tax	726,055	-399,105	446,676	-77,414	198,905	137,385	-166,513	38,646	-143,858	-223,348	-24,974	-34,963	156,986	-1,403,427
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	726,055	-399,105	446,676	-77,414	198,905	137,385	-166,513	38,646	-143,858	-223,348	-24,974	-34,963	156,986	-1,403,427
Employee Costs	3,066,615	2,490,317	2,491,272	2,461,846	2,515,002	2,407,813	2,302,688	2,225,965	2,064,929	2,002,211	1,951,401	1,914,469	1,842,725	1,887,966
Number Of Employees	71	64	65	67	68	69	67	67	65	65	72	72	70	72
EBITDA*	1,396,632	-434,211	757,632	147,591	330,913	308,406	2,485	243,279	171,832	4,366	286,343	268,519	503,799	-1,122,639

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	2,692,018	2,699,097	2,685,186	2,728,568	2,443,111	2,206,050	1,959,878	2,319,587	2,463,051	2,483,312	2,381,010	2,331,927	2,573,889	2,655,984
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	402	402	402	402	402	402	402	402	402	402	402	402	402	402
Debtors (Due After 1 year)	3,598,645	3,394,216	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,291,065	6,093,715	2,685,186	2,728,568	2,443,111	2,206,050	1,959,878	2,319,989	2,463,453	2,483,714	2,381,412	2,332,329	2,574,291	2,656,386
Stock & work in progress	1,656,701	1,135,563	1,099,607	958,960	1,098,739	915,138	1,469,464	1,131,468	1,108,528	1,387,836	772,797	745,783	796,528	802,122
Trade Debtors	1,172,569	1,246,143	915,054	1,238,360	974,460	867,649	1,119,160	672,641	1,021,791	981,241	802,612	803,072	833,638	708,843
Group Debtors	66,208	1,044	115,659	189,540	160,052	150,438	141,092	94,614	96,660	111,465	102,578	48,983	34,021	4,962
Misc Debtors	940,457	594,949	130,425	84,478	102,018	58,457	129,683	82,028	72,075	72,719	71,608	55,266	35,120	37,680
Cash	876,226	272,355	1,360,424	92,085	113,030	90,230	83,689	512,229	231,688	100,979	302,916	22,388	1,100	1,133
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,712,161	3,250,054	3,621,169	2,563,423	2,448,299	2,081,912	2,943,088	2,492,980	2,530,742	2,654,240	2,052,511	1,675,492	1,700,407	1,554,740
total assets	11,003,226	9,343,769	6,306,355	5,291,991	4,891,410	4,287,962	4,902,966	4,812,969	4,994,195	5,137,954	4,433,923	4,007,821	4,274,698	4,211,126
Bank overdraft	0	0	0	0	0	0	0	125,285	163,327	140,172	407,763	0	87,659	205,395
Bank loan	0	0	57,871	37,388	35,797	35,797	36,613	71,180	0	0	36,202	64,143	0	135,057
Trade Creditors	904,570	814,725	824,435	1,044,554	865,211	749,285	1,589,590	829,304	1,234,866	971,683	507,126	754,499	703,442	691,696
Group/Directors Accounts	780,626	134,870	0	0	0	0	0	10,100	10,100	10,100	10,100	10,100	10,100	10,100
other short term finances	0	0	0	0	0	0	0	0	0	0	76,631	90,189	0	0
hp & lease commitments	36,989	37,846	77,667	81,599	74,547	74,295	76,313	203,040	137,357	120,927	117,686	127,473	168,567	188,678
other current liabilities	1,557,289	1,677,546	1,390,321	897,570	899,203	671,116	682,020	815,936	615,566	1,194,730	726,651	675,488	809,881	666,920
total current liabilities	3,279,474	2,664,987	2,350,294	2,061,111	1,874,758	1,530,493	2,384,536	2,054,845	2,161,216	2,437,612	1,882,159	1,721,892	1,779,649	1,897,846
loans	0	0	1,096,956	796,224	858,062	1,068,194	1,019,106	325,474	397,582	512,093	595,821	548,494	695,002	702,409
hp & lease commitments	47,441	98,537	148,908	194,438	193,519	268,199	213,817	227,538	258,437	161,979	59,213	99,561	150,770	183,797
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	3,598,645	3,394,216	0	0	0	0	0	0	0	0	0	0	0	0
provisions	413,672	248,090	828,124	846,134	621,858	592,716	567,118	351,725	416,713	352,791	152,051	154,989	159,682	141,831
total long term liabilities	4,059,758	3,740,843	962,540	821,179	739,960	830,455	793,112	904,737	1,072,732	1,026,863	807,085	803,044	1,005,454	1,028,037
total liabilities	7,339,232	6,405,830	3,312,834	2,882,290	2,614,718	2,360,948	3,177,648	2,959,582	3,233,948	3,464,475	2,689,244	2,524,936	2,785,103	2,925,883
net assets	3,663,994	2,937,939	2,993,521	2,409,701	2,276,692	1,927,014	1,725,318	1,853,387	1,760,247	1,673,479	1,744,679	1,482,885	1,489,595	1,285,243
total shareholders funds	3,663,994	2,937,939	2,993,521	2,409,701	2,276,692	1,927,014	1,725,318	1,853,387	1,760,247	1,673,479	1,744,679	1,482,885	1,489,595	1,285,243

	Dec 2022	Dec 2021	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	1,150,045	-613,300	578,568	-7,202	202,903	183,047	-190,567	37,358	-24,493	-184,419	61,784	52,157	262,384	-1,390,358
Depreciation	246,587	179,089	179,064	154,793	128,010	125,359	193,052	205,921	196,325	188,785	224,559	216,362	241,415	267,719
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-416,979	230,456	-115,195	-49,530	16,092	-24,848	53,134	47,813	-80,854	3,440	-21,775	-30,104	-41,851	41,244
Stock	521,138	176,603	140,647	-139,779	183,601	-554,326	337,996	22,940	-279,308	615,039	27,014	-50,745	-5,594	802,122
Debtors	541,527	3,723,974	-351,240	275,848	159,986	-313,391	540,652	-341,243	25,101	188,627	69,477	4,542	151,294	751,485
Creditors	89,845	-229,829	-220,119	179,343	115,926	-840,305	760,286	-405,562	263,183	464,557	-247,373	51,057	11,746	691,696
Accruals and Deferred Income	-120,257	779,976	492,751	-1,633	228,087	-10,904	-133,916	200,370	-579,164	468,079	51,163	-134,393	142,961	666,920
Deferred Taxes & Provisions	165,582	-598,044	-18,010	224,276	29,142	25,598	215,393	-64,988	63,922	200,740	-2,938	-4,693	17,851	141,831
Cash flow from operations	52,158	-4,152,229	1,107,652	363,978	376,573	325,664	18,734	339,215	93,126	337,516	-31,071	196,589	488,806	-1,134,555
Investing Activities
capital expenditure	-239,508	-149,618	-135,682	-440,250	-365,071	-371,531	166,657	-62,457	-176,064	-291,087	-273,642	25,600	-159,320	-2,923,703
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	402
cash flow from investments	-239,508	-149,618	-135,682	-440,250	-365,071	-371,531	166,657	-62,457	-176,064	-291,087	-273,642	25,600	-159,320	-2,924,105
Financing Activities
Bank loans	0	-37,388	20,483	1,591	0	-816	-34,567	71,180	0	-36,202	-27,941	64,143	-135,057	135,057
Group/Directors Accounts	645,756	134,870	0	0	0	0	-10,100	0	0	0	0	0	0	10,100
Other Short Term Loans	0	0	0	0	0	0	0	0	0	-76,631	-13,558	90,189	0	0
Long term loans	0	-796,224	300,732	-61,838	-210,132	49,088	693,632	-72,108	-114,511	-83,728	47,327	-146,508	-7,407	702,409
Hire Purchase and Lease Commitments	-51,953	-139,654	-49,462	7,971	-74,428	52,364	-140,448	34,784	112,888	106,007	-50,135	-92,303	-53,138	372,475
other long term liabilities	204,429	3,394,216	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	927,343	137,144	210,423	150,773	64,311	38,444	54,494	230,626	152,148	286,768	28,253	47,366	2,688,670
interest	-7,011	-16,261	-16,697	-20,682	-20,090	-20,814	-29,080	-46,525	-38,511	-42,369	-64,983	-57,016	-63,547	-54,375
cash flow from financing	791,221	3,466,902	392,200	137,465	-153,877	144,133	517,881	41,825	190,492	19,225	177,478	-113,242	-211,783	3,854,336
cash and cash equivalents
cash	603,871	180,270	1,268,339	-20,945	22,800	6,541	-428,540	280,541	130,709	-201,937	280,528	21,288	-33	1,133
overdraft	0	0	0	0	0	0	-125,285	-38,042	23,155	-267,591	407,763	-87,659	-117,736	205,395
change in cash	603,871	180,270	1,268,339	-20,945	22,800	6,541	-303,255	318,583	107,554	65,654	-127,235	108,947	117,703	-204,262

P&L

December 2022

turnover

15m

+39%

operating profit

1.2m

-288%

gross margin

27.7%

+7.65%

turnover

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

Balance Sheet

December 2022

net assets

3.7m

+0.25%

total assets

11m

+0.18%

cash

876.2k

+2.22%

net assets

Total assets minus all liabilities

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company number

00788654

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.

incorporation date

January 1964

age

accounts

Audit Exemption Subsidiary

ultimate parent company

SAMMONS ENTERPRISES INC

previous names

N/A

incorporated

address

orbital 7 orbital way, cannock, staffordshire, WS11 8XW

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 22 charges/mortgages relating to forkway limited. Currently there are 2 open charges and 20 have been satisfied in the past.

forkway limited Company Information

forkway limited Estimated Valuation

forkway limited Estimated Valuation

forkway limited Estimated Valuation

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Forkway Limited Overview

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FORKWAY LIMITED financials

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forkway limited Companies House Filings - See Documents