force technologies limited

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force technologies limited Company Information

Share FORCE TECHNOLOGIES LIMITED

Company Number

02028735

Shareholders

michael salmon

karen salmon

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Group Structure

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Industry

Wholesale of electronic and telecommunications equipment and parts

 

Registered Address

unit 3 garlands trading estate, cadley road, marlborough, SN8 3EB

force technologies limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of FORCE TECHNOLOGIES LIMITED at £1.3m based on a Turnover of £3.7m and 0.35x industry multiple (adjusted for size and gross margin).

force technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FORCE TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-92.1k and a 3.69x industry multiple (adjusted for size and gross margin).

force technologies limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of FORCE TECHNOLOGIES LIMITED at £1.7m based on Net Assets of £906.7k and 1.85x industry multiple (adjusted for liquidity).

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Force Technologies Limited Overview

Force Technologies Limited is a live company located in marlborough, SN8 3EB with a Companies House number of 02028735. It operates in the wholesale of electronic and telecommunications equipment and parts sector, SIC Code 46520. Founded in June 1986, it's largest shareholder is michael salmon with a 70.5% stake. Force Technologies Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with high growth in recent years.

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Force Technologies Limited Health Check

Pomanda's financial health check has awarded Force Technologies Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £3.7m, make it smaller than the average company (£15.7m)

£3.7m - Force Technologies Limited

£15.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.2%)

19% - Force Technologies Limited

7.2% - Industry AVG

production

Production

with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)

24.5% - Force Technologies Limited

24.5% - Industry AVG

profitability

Profitability

an operating margin of -2.6% make it less profitable than the average company (5.1%)

-2.6% - Force Technologies Limited

5.1% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (32)

8 - Force Technologies Limited

32 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.2k, the company has an equivalent pay structure (£55.2k)

£55.2k - Force Technologies Limited

£55.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £460.6k, this is equally as efficient (£501.8k)

£460.6k - Force Technologies Limited

£501.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is near the average (59 days)

53 days - Force Technologies Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 50 days, this is slower than average (30 days)

50 days - Force Technologies Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 125 days, this is more than average (63 days)

125 days - Force Technologies Limited

63 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)

2 weeks - Force Technologies Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 46.1%, this is a lower level of debt than the average (54.7%)

46.1% - Force Technologies Limited

54.7% - Industry AVG

FORCE TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Force Technologies Limited's latest turnover from September 2023 is estimated at £3.7 million and the company has net assets of £906.7 thousand. According to their latest financial statements, Force Technologies Limited has 8 employees and maintains cash reserves of £35.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover3,684,4343,431,6802,505,6712,213,0342,727,9321,990,7432,244,7162,974,2003,722,0624,547,2035,904,9773,837,3263,499,7303,485,2110
Other Income Or Grants000000000000000
Cost Of Sales2,780,2592,598,6131,898,2071,647,3902,032,4491,511,5121,705,5642,236,8732,775,6013,444,2944,445,3342,862,7522,626,8112,589,7170
Gross Profit904,176833,067607,464565,645695,483479,231539,152737,327946,4611,102,9091,459,643974,574872,919895,4940
Admin Expenses1,000,481630,265607,012585,336442,591420,365557,562805,2811,186,466833,2141,205,289917,573903,183954,447-909,461
Operating Profit-96,305202,802452-19,691252,89258,866-18,410-67,954-240,005269,695254,35457,001-30,264-58,953909,461
Interest Payable14,7778,8253,8491,9053,96110,36117,0259,19900012,13123,92611,7940
Interest Receivable1,892671423029030752963444222951170193193
Pre-Tax Profit-109,190194,648-3,355-21,566249,22148,812-35,383-77,057-239,661270,118254,64844,987-54,190-70,554909,654
Tax0-36,98300-47,352-9,274000-56,725-58,569-10,79700-254,703
Profit After Tax-109,190157,665-3,355-21,566201,86939,538-35,383-77,057-239,661213,393196,07934,190-54,190-70,554654,951
Dividends Paid000000000000000
Retained Profit-109,190157,665-3,355-21,566201,86939,538-35,383-77,057-239,661213,393196,07934,190-54,190-70,554654,951
Employee Costs441,551428,901404,256388,923347,078290,742549,054489,246496,511590,669762,338509,586444,931473,1080
Number Of Employees88887612111114181211120
EBITDA*-92,130207,2874,801-16,002260,92664,936-3,237-53,167-225,831294,222296,12591,35616,189-16,045961,072

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets37,50016,49917,88617,75020,18113,53419,58934,76234,20546,26861,735107,239137,26999,980175,001
Intangible Assets000000000000000
Investments & Other00000000000011,27421,27421,274
Debtors (Due After 1 year)000000000000000
Total Fixed Assets37,50016,49917,88617,75020,18113,53419,58934,76234,20546,26861,735107,239148,543121,254196,275
Stock & work in progress953,646910,121708,235833,771693,593722,993802,036914,336783,438874,563734,255535,928795,456554,029717,765
Trade Debtors542,365648,909433,910198,337506,268244,944153,384291,480550,013751,478901,841580,660508,235712,391673,607
Group Debtors07,92322,292000000000000
Misc Debtors113,812101,24837,66310,88990,206073,47190,6860000000
Cash35,43036,66322,98960,772077,3254,52537,12739,76797,86871,05146,7620077,374
misc current assets00018,49611,9910000000000
total current assets1,645,2531,704,8641,225,0891,122,2651,302,0581,045,2621,033,4161,333,6291,373,2181,723,9091,707,1471,163,3501,303,6911,266,4201,468,746
total assets1,682,7531,721,3631,242,9751,140,0151,322,2391,058,7961,053,0051,368,3911,407,4231,770,1771,768,8821,270,5891,452,2341,387,6741,665,021
Bank overdraft173,30689,404124,5351,65660,81456,535193,909194,3610000373,271362,9060
Bank loan000000000000000
Trade Creditors 384,000324,946189,353225,833237,614166,529108,408276,045503,215565,875988,406679,030474,362316,684855,819
Group/Directors Accounts000062,67284,3897,16500000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities209,343287,95970,83350,91777,96470,03745,220120,8340000000
total current liabilities766,649702,309384,721278,406439,064377,490354,702591,240503,215565,875988,406679,030847,633679,590855,819
loans00000056,535100,0000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00000000150,000210,43307,16252,17694,502121,297
provisions9,3753,13500000000002,2189,18512,954
total long term liabilities9,3753,135000056,535100,000150,000210,43307,16254,394103,687134,251
total liabilities776,024705,444384,721278,406439,064377,490411,237691,240653,215776,308988,406686,192902,027783,277990,070
net assets906,7291,015,919858,254861,609883,175681,306641,768677,151754,208993,869780,476584,397550,207604,397674,951
total shareholders funds906,7291,015,919858,254861,609883,175681,306641,768677,151754,208993,869780,476584,397550,207604,397674,951
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-96,305202,802452-19,691252,89258,866-18,410-67,954-240,005269,695254,35457,001-30,264-58,953909,461
Depreciation4,1754,4854,3493,6898,0346,07015,17314,78714,17424,52741,77134,35546,45342,90851,611
Amortisation000000000000000
Tax0-36,98300-47,352-9,274000-56,725-58,569-10,79700-254,703
Stock43,525201,886-125,536140,178-29,400-79,043-112,300130,898-91,125140,308198,327-259,528241,427-163,736717,765
Debtors-101,903264,215284,639-387,248351,53018,089-155,311-167,847-201,465-150,363321,18172,425-204,15638,784673,607
Creditors59,054135,593-36,480-11,78171,08558,121-167,637-227,170-62,660-422,531309,376204,668157,678-539,135855,819
Accruals and Deferred Income-78,616217,12619,916-27,0477,92724,817-75,614120,8340000000
Deferred Taxes & Provisions6,2403,135000000000-2,218-6,967-3,76912,954
Cash flow from operations-47,07460,057-170,866192,240-29,544199,55421,123-122,5544,099-174,97927,424470,112129,629-433,997183,770
Investing Activities
capital expenditure-25,176-3,098-4,485-1,258-14,681-150-15,344-2,111-9,0603,733-4,325-83,74232,113-226,612
Change in Investments00000000000-11,274-10,000021,274
cash flow from investments-25,176-3,098-4,485-1,258-14,681-150-15,344-2,111-9,0603,7336,949-73,74232,113-247,886
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000-62,672-21,71777,2247,16500000000
Other Short Term Loans 000000000000000
Long term loans00000-56,535-43,465100,0000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000-150,000-60,433210,433-7,162-45,014-42,326-26,795121,297
share issue0000000000000020,000
interest-12,885-8,154-3,807-1,875-3,671-10,054-16,973-9,103344422295-12,014-23,926-11,601193
cash flow from financing-12,885-8,154-3,807-64,547-25,38810,635-53,273-59,103-60,089210,855-6,867-57,028-66,252-38,396141,490
cash and cash equivalents
cash-1,23313,674-37,78360,772-77,32572,800-32,602-2,640-58,10126,81724,28946,7620-77,37477,374
overdraft83,902-35,131122,879-59,1584,279-137,374-452194,361000-373,27110,365362,9060
change in cash-85,13548,805-160,662119,930-81,604210,174-32,150-197,001-58,10126,81724,289420,033-10,365-440,28077,374

force technologies limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Force Technologies Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for force technologies limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SN8 area or any other competitors across 12 key performance metrics.

force technologies limited Ownership

FORCE TECHNOLOGIES LIMITED group structure

Force Technologies Limited has no subsidiary companies.

Ultimate parent company

FORCE TECHNOLOGIES LIMITED

02028735

FORCE TECHNOLOGIES LIMITED Shareholders

michael salmon 70.5%
karen salmon 27.5%
charlotte ann louise salmon 1%
rebecca alice louise salmon 1%

force technologies limited directors

Force Technologies Limited currently has 2 directors. The longest serving directors include Ms Ann Yule (May 1992) and Mr Michael Salmon (May 1992).

officercountryagestartendrole
Ms Ann Yule59 years May 1992- Director
Mr Michael SalmonUnited Kingdom75 years May 1992- Director

P&L

September 2023

turnover

3.7m

+7%

operating profit

-96.3k

0%

gross margin

24.6%

+1.09%

turnover

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

Balance Sheet

September 2023

net assets

906.7k

-0.11%

total assets

1.7m

-0.02%

cash

35.4k

-0.03%

net assets

Total assets minus all liabilities

force technologies limited company details

company number

02028735

Type

Private limited with Share Capital

industry

46520 - Wholesale of electronic and telecommunications equipment and parts

incorporation date

June 1986

age

39

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

N/A

accountant

PKB ACCOUNTANTS LIMITED

auditor

-

address

unit 3 garlands trading estate, cadley road, marlborough, SN8 3EB

Bank

-

Legal Advisor

-

force technologies 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 6 charges/mortgages relating to force technologies limited. Currently there are 1 open charges and 5 have been satisfied in the past.

force technologies 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.

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force technologies limited Companies House Filings - See Documents

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