force technologies limited Company Information
Company Number
02028735
Next Accounts
Jun 2025
Shareholders
michael salmon
karen salmon
View AllGroup Structure
View All
Industry
Wholesale of electronic and telecommunications equipment and parts
Registered Address
unit 3 garlands trading estate, cadley road, marlborough, SN8 3EB
Website
www.forcetechnologies.co.ukforce technologies limited Estimated Valuation
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
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
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
3 Strong
4 Regular
5 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£15.7m)
- Force Technologies Limited
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.2%)
- Force Technologies Limited
7.2% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (24.5%)
- Force Technologies Limited
24.5% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (5.1%)
- Force Technologies Limited
5.1% - Industry AVG
Employees
with 8 employees, this is below the industry average (32)
8 - Force Technologies Limited
32 - Industry AVG
Pay Structure
on an average salary of £55.2k, the company has an equivalent pay structure (£55.2k)
- Force Technologies Limited
£55.2k - Industry AVG
Efficiency
resulting in sales per employee of £460.6k, this is equally as efficient (£501.8k)
- Force Technologies Limited
£501.8k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (59 days)
- Force Technologies Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (30 days)
- Force Technologies Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 125 days, this is more than average (63 days)
- Force Technologies Limited
63 days - Industry AVG
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
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
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 House, Pomanda Estimates
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 8 | 8 | 8 | 8 | 7 | 12 | 11 | ||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 37,500 | 16,499 | 17,886 | 17,750 | 20,181 | 13,534 | 19,589 | 34,762 | 34,205 | 46,268 | 61,735 | 107,239 | 137,269 | 99,980 | 175,001 |
Intangible Assets | 0 | 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 | 0 | 11,274 | 21,274 | 21,274 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 37,500 | 16,499 | 17,886 | 17,750 | 20,181 | 13,534 | 19,589 | 34,762 | 34,205 | 46,268 | 61,735 | 107,239 | 148,543 | 121,254 | 196,275 |
Stock & work in progress | 953,646 | 910,121 | 708,235 | 833,771 | 693,593 | 722,993 | 802,036 | 914,336 | 783,438 | 874,563 | 734,255 | 535,928 | 795,456 | 554,029 | 717,765 |
Trade Debtors | 542,365 | 648,909 | 433,910 | 198,337 | 506,268 | 244,944 | 153,384 | 291,480 | 550,013 | 751,478 | 901,841 | 580,660 | 508,235 | 712,391 | 673,607 |
Group Debtors | 0 | 7,923 | 22,292 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 113,812 | 101,248 | 37,663 | 10,889 | 90,206 | 0 | 73,471 | 90,686 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 35,430 | 36,663 | 22,989 | 60,772 | 0 | 77,325 | 4,525 | 37,127 | 39,767 | 97,868 | 71,051 | 46,762 | 0 | 0 | 77,374 |
misc current assets | 0 | 0 | 0 | 18,496 | 11,991 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,645,253 | 1,704,864 | 1,225,089 | 1,122,265 | 1,302,058 | 1,045,262 | 1,033,416 | 1,333,629 | 1,373,218 | 1,723,909 | 1,707,147 | 1,163,350 | 1,303,691 | 1,266,420 | 1,468,746 |
total assets | 1,682,753 | 1,721,363 | 1,242,975 | 1,140,015 | 1,322,239 | 1,058,796 | 1,053,005 | 1,368,391 | 1,407,423 | 1,770,177 | 1,768,882 | 1,270,589 | 1,452,234 | 1,387,674 | 1,665,021 |
Bank overdraft | 173,306 | 89,404 | 124,535 | 1,656 | 60,814 | 56,535 | 193,909 | 194,361 | 0 | 0 | 0 | 0 | 373,271 | 362,906 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 384,000 | 324,946 | 189,353 | 225,833 | 237,614 | 166,529 | 108,408 | 276,045 | 503,215 | 565,875 | 988,406 | 679,030 | 474,362 | 316,684 | 855,819 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 62,672 | 84,389 | 7,165 | 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 | 209,343 | 287,959 | 70,833 | 50,917 | 77,964 | 70,037 | 45,220 | 120,834 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 766,649 | 702,309 | 384,721 | 278,406 | 439,064 | 377,490 | 354,702 | 591,240 | 503,215 | 565,875 | 988,406 | 679,030 | 847,633 | 679,590 | 855,819 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 56,535 | 100,000 | 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 | 150,000 | 210,433 | 0 | 7,162 | 52,176 | 94,502 | 121,297 |
provisions | 9,375 | 3,135 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,218 | 9,185 | 12,954 |
total long term liabilities | 9,375 | 3,135 | 0 | 0 | 0 | 0 | 56,535 | 100,000 | 150,000 | 210,433 | 0 | 7,162 | 54,394 | 103,687 | 134,251 |
total liabilities | 776,024 | 705,444 | 384,721 | 278,406 | 439,064 | 377,490 | 411,237 | 691,240 | 653,215 | 776,308 | 988,406 | 686,192 | 902,027 | 783,277 | 990,070 |
net assets | 906,729 | 1,015,919 | 858,254 | 861,609 | 883,175 | 681,306 | 641,768 | 677,151 | 754,208 | 993,869 | 780,476 | 584,397 | 550,207 | 604,397 | 674,951 |
total shareholders funds | 906,729 | 1,015,919 | 858,254 | 861,609 | 883,175 | 681,306 | 641,768 | 677,151 | 754,208 | 993,869 | 780,476 | 584,397 | 550,207 | 604,397 | 674,951 |
Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | 4,175 | 4,485 | 4,349 | 3,689 | 8,034 | 6,070 | 15,173 | 14,787 | 14,174 | 24,527 | 41,771 | 34,355 | 46,453 | 42,908 | 51,611 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||||||||||
Stock | 43,525 | 201,886 | -125,536 | 140,178 | -29,400 | -79,043 | -112,300 | 130,898 | -91,125 | 140,308 | 198,327 | -259,528 | 241,427 | -163,736 | 717,765 |
Debtors | -101,903 | 264,215 | 284,639 | -387,248 | 351,530 | 18,089 | -155,311 | -167,847 | -201,465 | -150,363 | 321,181 | 72,425 | -204,156 | 38,784 | 673,607 |
Creditors | 59,054 | 135,593 | -36,480 | -11,781 | 71,085 | 58,121 | -167,637 | -227,170 | -62,660 | -422,531 | 309,376 | 204,668 | 157,678 | -539,135 | 855,819 |
Accruals and Deferred Income | -78,616 | 217,126 | 19,916 | -27,047 | 7,927 | 24,817 | -75,614 | 120,834 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 6,240 | 3,135 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,218 | -6,967 | -3,769 | 12,954 |
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11,274 | -10,000 | 0 | 21,274 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -62,672 | -21,717 | 77,224 | 7,165 | 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 | 0 | 0 | 0 | 0 | 0 | -56,535 | -43,465 | 100,000 | 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 | -150,000 | -60,433 | 210,433 | -7,162 | -45,014 | -42,326 | -26,795 | 121,297 |
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -1,233 | 13,674 | -37,783 | 60,772 | -77,325 | 72,800 | -32,602 | -2,640 | -58,101 | 26,817 | 24,289 | 46,762 | 0 | -77,374 | 77,374 |
overdraft | 83,902 | -35,131 | 122,879 | -59,158 | 4,279 | -137,374 | -452 | 194,361 | 0 | 0 | 0 | -373,271 | 10,365 | 362,906 | 0 |
change in cash | -85,135 | 48,805 | -160,662 | 119,930 | -81,604 | 210,174 | -32,150 | -197,001 | -58,101 | 26,817 | 24,289 | 420,033 | -10,365 | -440,280 | 77,374 |
force technologies limited Credit Report and Business Information
Force Technologies Limited Competitor Analysis
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 directors
Force Technologies Limited currently has 2 directors. The longest serving directors include Ms Ann Yule (May 1992) and Mr Michael Salmon (May 1992).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Ann Yule | 59 years | May 1992 | - | Director | |
Mr Michael Salmon | United Kingdom | 75 years | May 1992 | - | Director |
P&L
September 2023turnover
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 2023net 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
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
date | description | view/download |
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