Force Engineering Limited

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force engineering limited Company Information

Live

MatureSmallRapid

Company Number

01446727

Next Accounts

Jul 2025

Industry

Repair of electrical equipment

Directors

Alan Foster

Neil Foster

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Shareholders

neil robert foster

ian hamish foster

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Group Structure

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Contact

Registered Address

unit 32 gelders hall road, shepshed, loughborough, LE12 9NH

Website

www.force.co.uk

force engineering limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of FORCE ENGINEERING LIMITED at £4.1m based on Net Assets of £896.2k and 4.56x industry multiple (adjusted for liquidity).

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Force Engineering Limited is a live company located in loughborough, LE12 9NH with a Companies House number of 01446727. It operates in the repair of electrical equipment sector, SIC Code 33140. Founded in September 1979, it's largest shareholder is neil robert foster with a 44.4% stake. Force Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Force Engineering Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £2m, make it larger than the average company (£1.7m)

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (5.1%)

EXPORT

Force Engineering Limited's latest turnover from October 2023 is estimated at £2 million and the company has net assets of £896.2 thousand. According to their latest financial statements, Force Engineering Limited has 24 employees and maintains cash reserves of £9.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	2,037,297	1,393,608	1,311,025	797,520	1,070,773	1,627,507	825,638	808,351	2,224,743	3,679,454	1,820,872	3,268,056	869,789	1,385,414	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,222,919	813,102	787,011	483,610	625,470	966,432	489,633	473,408	1,285,907	2,230,004	1,048,769	1,948,468	494,196	779,846	0
Gross Profit	814,377	580,505	524,014	313,910	445,302	661,076	336,005	334,943	938,835	1,449,450	772,103	1,319,588	375,593	605,568	0
Admin Expenses	702,965	266,718	552,421	189,327	702,997	499,296	-52,846	177,261	941,141	1,137,848	982,076	1,299,115	470,833	581,673	-279,578
Operating Profit	111,412	313,787	-28,407	124,583	-257,695	161,780	388,851	157,682	-2,306	311,602	-209,973	20,473	-95,240	23,895	279,578
Interest Payable	3,606	3,437	2,948	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,033	2,217	89	112	234	74	63	117	151	3	4	218	758	1,049	507
Pre-Tax Profit	112,839	312,567	-31,266	123,169	-257,461	161,854	388,914	157,799	-2,155	311,605	-209,969	20,691	-94,482	24,944	280,085
Tax	-28,210	-59,388	0	-23,402	0	-30,752	-73,894	-31,560	0	-65,437	0	-4,966	0	-6,984	-78,424
Profit After Tax	84,629	253,179	-31,266	99,767	-257,461	131,102	315,020	126,239	-2,155	246,168	-209,969	15,725	-94,482	17,960	201,661
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	84,629	253,179	-31,266	99,767	-257,461	131,102	315,020	126,239	-2,155	246,168	-209,969	15,725	-94,482	17,960	201,661
Employee Costs	1,081,066	1,112,208	1,089,437	894,388	1,071,884	1,029,367	697,328	817,714	632,878	1,180,051	456,006	1,113,811	365,077	552,514	0
Number Of Employees	24	27	27	24	24	23	21	21	18	33	12	30	10	14	0
EBITDA*	153,534	366,393	17,445	158,733	-222,770	204,368	418,065	177,307	21,339	334,036	-176,208	51,651	-64,444	54,519	305,888

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	145,976	162,779	200,588	132,356	128,336	151,350	107,833	79,817	92,882	91,428	113,862	119,017	93,292	110,746	96,648
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	146,076	162,879	200,688	132,456	128,436	151,450	107,933	79,917	92,982	91,528	113,962	119,117	93,392	110,846	96,748
Stock & work in progress	758,117	384,587	333,637	247,872	341,214	569,422	176,806	163,144	164,717	113,632	100,830	297,884	106,527	59,025	186,056
Trade Debtors	133,597	84,979	27,737	10,400	59,885	202,441	9,696	35,632	353,552	665,161	232,250	427,142	113,740	201,433	161,644
Group Debtors	108,638	322,873	467,052	237,047	29,520	116,055	529,171	110,027	0	0	0	0	0	0	0
Misc Debtors	377,169	130,465	118,083	113,721	84,110	57,884	97,429	105,822	0	0	0	0	0	0	0
Cash	9,197	182,538	14,500	163,812	59,228	3,228	16,584	33,651	59,629	704	688	949	86,096	216,969	202,761
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,386,718	1,105,442	961,009	772,852	573,957	949,030	829,686	448,276	577,898	779,497	333,768	725,975	306,363	477,427	550,461
total assets	1,532,794	1,268,321	1,161,697	905,308	702,393	1,100,480	937,619	528,193	670,880	871,025	447,730	845,092	399,755	588,273	647,209
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,000	10,000	10,000	3,549	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	331,456	181,701	263,161	81,857	82,666	92,558	158,173	72,461	483,543	693,872	516,745	704,138	274,526	352,910	431,990
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	241,984	209,563	256,193	159,641	114,567	233,208	147,135	144,190	0	0	0	0	0	0	0
total current liabilities	583,440	401,264	529,354	245,047	197,233	325,766	305,308	216,651	483,543	693,872	516,745	704,138	274,526	352,910	431,990
loans	17,444	26,666	36,667	46,451	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	0
Accruals and Deferred Income	0	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	0
provisions	35,703	28,813	37,277	24,145	15,262	27,355	16,054	10,305	12,339	0	0	0	0	15,652	13,468
total long term liabilities	53,147	55,479	73,944	70,596	15,262	27,355	16,054	10,305	12,339	0	0	0	0	15,652	13,468
total liabilities	636,587	456,743	603,298	315,643	212,495	353,121	321,362	226,956	495,882	693,872	516,745	704,138	274,526	368,562	445,458
net assets	896,207	811,578	558,399	589,665	489,898	747,359	616,257	301,237	174,998	177,153	-69,015	140,954	125,229	219,711	201,751
total shareholders funds	896,207	811,578	558,399	589,665	489,898	747,359	616,257	301,237	174,998	177,153	-69,015	140,954	125,229	219,711	201,751

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	111,412	313,787	-28,407	124,583	-257,695	161,780	388,851	157,682	-2,306	311,602	-209,973	20,473	-95,240	23,895	279,578
Depreciation	42,122	52,606	45,852	34,150	34,925	42,588	29,214	19,625	23,645	22,434	33,765	31,178	30,796	30,624	26,310
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-28,210	-59,388	0	-23,402	0	-30,752	-73,894	-31,560	0	-65,437	0	-4,966	0	-6,984	-78,424
Stock	373,530	50,950	85,765	-93,342	-228,208	392,616	13,662	-1,573	51,085	12,802	-197,054	191,357	47,502	-127,031	186,056
Debtors	81,087	-74,555	251,704	187,653	-202,865	-259,916	384,815	-102,071	-311,609	432,911	-194,892	313,402	-87,693	39,789	161,644
Creditors	149,755	-81,460	181,304	-809	-9,892	-65,615	85,712	-411,082	-210,329	177,127	-187,393	429,612	-78,384	-79,080	431,990
Accruals and Deferred Income	32,421	-46,630	96,552	45,074	-118,641	86,073	2,945	144,190	0	0	0	0	0	0	0
Deferred Taxes & Provisions	6,890	-8,464	13,132	8,883	-12,093	11,301	5,749	-2,034	12,339	0	0	0	-15,652	2,184	13,468
Cash flow from operations	-140,227	194,056	-29,036	94,168	67,677	72,675	40,100	-19,535	83,873	13	28,345	-28,462	-118,289	57,881	325,222
Investing Activities
capital expenditure	-25,319	-14,797	-114,084	-38,170	-11,911	-86,105	-57,230	-6,560	-25,099	0	-28,610	-56,903	-13,342	-44,722	-122,958
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
cash flow from investments	-25,319	-14,797	-114,084	-38,170	-11,911	-86,105	-57,230	-6,560	-25,099	0	-28,610	-56,903	-13,342	-44,722	-123,058
Financing Activities
Bank loans	0	0	6,451	3,549	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,222	-10,001	-9,784	46,451	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	0
other long term liabilities	0	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	0	90
interest	1,427	-1,220	-2,859	-1,413	234	74	63	117	151	3	4	218	758	1,049	507
cash flow from financing	-7,795	-11,221	-6,192	48,587	234	74	63	117	151	3	4	218	758	1,049	597
cash and cash equivalents
cash	-173,341	168,038	-149,312	104,584	56,000	-13,356	-17,067	-25,978	58,925	16	-261	-85,147	-130,873	14,208	202,761
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-173,341	168,038	-149,312	104,584	56,000	-13,356	-17,067	-25,978	58,925	16	-261	-85,147	-130,873	14,208	202,761

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FORCE ENGINEERING LIMITED group structure

Force Engineering Limited has 1 subsidiary company.

Ultimate parent company

FORCE ENGINEERING LIMITED

01446727

1 subsidiary

FORCE ENGINEERING (INTERNATIONAL) LIMITED

04620874

FORCE ENGINEERING LIMITED Shareholders

neil robert foster	44.44%
ian hamish foster	37.78%
gemma kay foster	6.67%
lim-tech limited	5.56%
alan foster	5.56%

Force Engineering Limited currently has 3 directors. The longest serving directors include Mr Alan Foster (Mar 1992) and Mr Neil Foster (Jul 2009).

officer	country	age	start	end	role
Mr Alan Foster	England	79 years	Mar 1992	-	Director
Mr Neil Foster	England	51 years	Jul 2009	-	Director
Mr Stephen Colyer	England	71 years	Oct 2010	-	Director

P&L

October 2023

turnover

+46%

operating profit

111.4k

gross margin

40%

-4.04%

turnover

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

Balance Sheet

October 2023

net assets

896.2k

+0.1%

total assets

1.5m

+0.21%

cash

9.2k

-0.95%

net assets

Total assets minus all liabilities

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company number

01446727

Type

Private limited with Share Capital

industry

33140 - Repair of electrical equipment

incorporation date

September 1979

ultimate parent company

None

previous names

leybridge limited (December 1980)

address

unit 32 gelders hall road, shepshed, loughborough, LE12 9NH

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 4 charges/mortgages relating to force engineering limited. Currently there are 4 open charges and 0 have been satisfied in the past.

force engineering limited Company Information

force engineering limited Estimated Valuation

force engineering limited Estimated Valuation

force engineering limited Estimated Valuation

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FORCE ENGINEERING LIMITED financials

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