Pomanda estimates the enterprise value of THE FORWARD TRUST at £34.2m based on a Turnover of £39.9m and 0.86x industry multiple (adjusted for size and gross margin).
the forward trustEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of THE FORWARD TRUST at £1.1m based on an EBITDA of £139.6k and a 7.95x industry multiple (adjusted for size and gross margin).
the forward trustEstimated Valuation
£15.1m
Pomanda estimates the enterprise value of THE FORWARD TRUST at £15.1m based on Net Assets of £7m and 2.15x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Forward TrustOverview
The Forward Trust is a live company located in london, SE11 5DP with a Companies House number of 02560474. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in November 1990, it's largest shareholder is
unknown.
The Forward Trust is a mature,
large sized company, Pomanda has estimated its turnover at
£39.9m with
high
growth in recent years.
Pomanda's financial health check has awarded The Forward Trust a 3.5 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 Rating3.5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £39.9m, make it larger than the average company (£2.5m)
£39.9m - The Forward Trust
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.1%)
23% - The Forward Trust
7.1% - Industry AVG
Production
with a gross margin of 45.2%, this company has a comparable cost of product (45.2%)
45.2% - The Forward Trust
45.2% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (7.1%)
-0.2% - The Forward Trust
7.1% - Industry AVG
Employees
with 717 employees, this is above the industry average (31)
717 - The Forward Trust
31 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has an equivalent pay structure (£33.3k)
£34.3k - The Forward Trust
£33.3k - Industry AVG
Efficiency
resulting in sales per employee of £55.7k, this is less efficient (£75k)
£55.7k - The Forward Trust
£75k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (27 days)
20 days - The Forward Trust
27 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is slower than average (14 days)
24 days - The Forward Trust
14 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (9 days)
0 days - The Forward Trust
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 37 weeks, this is less cash available to meet short term requirements (100 weeks)
37 weeks - The Forward Trust
100 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.6%, this is a higher level of debt than the average (34%)
38.6% - The Forward Trust
34% - Industry AVG
THE FORWARD TRUST financials
EXPORT
The Forward Trust's latest turnover from March 2024 is £39.9 million and the company has net assets of £7 million. According to their latest financial statements, The Forward Trust has 717 employees and maintains cash reserves of £3.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
39,912,000
32,872,000
30,903,000
21,376,000
21,295,000
22,032,000
22,615,000
18,255,000
20,987,000
20,823,000
18,134,000
14,323,000
10,246,000
10,152,000
9,093,000
Other Income Or Grants
Cost Of Sales
21,889,487
17,577,403
15,673,178
11,776,838
11,064,214
11,316,848
11,225,634
8,426,786
11,861,492
11,771,142
10,238,649
7,754,110
5,562,633
5,461,271
4,934,414
Gross Profit
18,022,513
15,294,597
15,229,822
9,599,162
10,230,786
10,715,152
11,389,366
9,828,214
9,125,508
9,051,858
7,895,351
6,568,890
4,683,367
4,690,729
4,158,586
Admin Expenses
18,091,880
16,224,523
14,103,908
9,756,167
9,322,889
11,047,028
12,102,306
9,415,218
8,446,020
9,813,828
7,595,670
5,935,873
4,585,350
4,182,851
3,969,897
Operating Profit
-69,367
-929,926
1,125,914
-157,005
907,897
-331,876
-712,940
412,996
679,488
-761,970
299,681
633,017
98,017
507,878
188,689
Interest Payable
Interest Receivable
Pre-Tax Profit
56,000
-803,000
930,000
-155,000
737,000
-314,000
-698,000
337,000
555,000
-751,000
240,000
490,000
79,000
371,000
138,000
Tax
Profit After Tax
56,000
-803,000
930,000
-155,000
737,000
-314,000
-698,000
337,000
555,000
-751,000
240,000
490,000
79,000
371,000
138,000
Dividends Paid
Retained Profit
56,000
-803,000
930,000
-155,000
737,000
-314,000
-698,000
337,000
555,000
-751,000
240,000
490,000
79,000
371,000
138,000
Employee Costs
24,624,000
21,661,000
19,743,000
14,639,000
14,089,000
14,725,000
15,867,000
12,364,000
14,825,000
16,317,000
12,547,000
10,121,000
8,479,000
7,793,000
7,309,000
Number Of Employees
717
629
551
439
411
430
444
360
422
470
454
338
310
287
251
EBITDA*
139,633
-771,926
1,260,914
-155,005
909,897
-329,876
-708,940
436,996
709,488
-738,970
322,681
653,017
121,017
519,878
212,689
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
4,635,000
4,075,000
3,369,000
1,000
3,000
5,000
5,000
5,000
13,000
39,000
15,000
25,000
26,000
13,000
19,000
Intangible Assets
47,000
75,000
29,000
Investments & Other
2,000
2,000
2,000
Debtors (Due After 1 year)
Total Fixed Assets
4,684,000
4,152,000
3,400,000
1,000
3,000
5,000
5,000
5,000
13,000
39,000
15,000
25,000
26,000
13,000
19,000
Stock & work in progress
2,000
4,000
2,000
Trade Debtors
2,218,000
3,361,000
2,938,000
2,416,000
3,670,000
2,326,000
2,968,000
1,716,000
2,278,000
2,666,000
3,641,000
1,364,000
1,514,000
1,072,000
1,182,000
Group Debtors
Misc Debtors
1,418,000
792,000
758,000
461,000
309,000
245,000
299,000
195,000
174,000
246,000
161,000
185,000
138,000
144,000
Cash
3,158,000
2,329,000
3,644,000
2,285,000
1,725,000
2,235,000
2,532,000
3,444,000
3,159,000
2,546,000
1,842,000
2,961,000
1,727,000
1,769,000
1,191,000
misc current assets
total current assets
6,796,000
6,486,000
7,342,000
5,162,000
5,704,000
4,806,000
5,799,000
5,355,000
5,611,000
5,458,000
5,483,000
4,486,000
3,426,000
2,979,000
2,517,000
total assets
11,480,000
10,638,000
10,742,000
5,163,000
5,707,000
4,811,000
5,804,000
5,360,000
5,624,000
5,497,000
5,498,000
4,511,000
3,452,000
2,992,000
2,536,000
Bank overdraft
Bank loan
Trade Creditors
1,442,000
1,046,000
825,000
2,015,000
682,000
413,000
533,000
341,000
367,000
299,000
289,000
422,000
106,000
91,000
66,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
2,992,000
2,598,000
2,208,000
1,772,000
1,946,000
2,559,000
1,675,000
2,313,000
2,798,000
2,293,000
1,370,000
1,113,000
747,000
687,000
total current liabilities
4,434,000
3,644,000
3,033,000
2,015,000
2,454,000
2,359,000
3,092,000
2,016,000
2,680,000
3,097,000
2,582,000
1,792,000
1,219,000
838,000
753,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
4,434,000
3,644,000
3,033,000
2,015,000
2,454,000
2,359,000
3,092,000
2,016,000
2,680,000
3,097,000
2,582,000
1,792,000
1,219,000
838,000
753,000
net assets
7,046,000
6,994,000
7,709,000
3,148,000
3,253,000
2,452,000
2,712,000
3,344,000
2,944,000
2,400,000
2,916,000
2,719,000
2,233,000
2,154,000
1,783,000
total shareholders funds
7,046,000
6,994,000
7,709,000
3,148,000
3,253,000
2,452,000
2,712,000
3,344,000
2,944,000
2,400,000
2,916,000
2,719,000
2,233,000
2,154,000
1,783,000
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-69,367
-929,926
1,125,914
-157,005
907,897
-331,876
-712,940
412,996
679,488
-761,970
299,681
633,017
98,017
507,878
188,689
Depreciation
209,000
158,000
135,000
2,000
2,000
2,000
4,000
24,000
30,000
23,000
23,000
20,000
23,000
12,000
24,000
Amortisation
Tax
Stock
-2,000
2,000
2,000
Debtors
-517,000
457,000
819,000
-1,102,000
1,408,000
-696,000
1,356,000
-541,000
-460,000
-729,000
2,116,000
-174,000
489,000
-116,000
1,326,000
Creditors
396,000
221,000
-1,190,000
1,333,000
269,000
-120,000
192,000
-26,000
68,000
10,000
-133,000
316,000
15,000
25,000
66,000
Accruals and Deferred Income
394,000
390,000
2,208,000
-1,772,000
-174,000
-613,000
884,000
-638,000
-485,000
505,000
923,000
257,000
366,000
60,000
687,000
Deferred Taxes & Provisions
Cash flow from operations
1,448,633
-619,926
1,457,914
507,995
-403,103
-366,876
-988,940
313,996
752,488
505,030
-1,003,319
1,400,017
13,017
720,878
-360,311
Investing Activities
capital expenditure
-5,000
-8,000
-3,000
-5,000
-14,000
-19,000
-36,000
-6,000
-25,000
Change in Investments
2,000
cash flow from investments
-2,000
-5,000
-8,000
-3,000
-5,000
-14,000
-19,000
-36,000
-6,000
-25,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-4,000
88,000
3,631,000
50,000
64,000
54,000
66,000
63,000
-11,000
235,000
-43,000
-4,000
1,645,000
interest
cash flow from financing
-4,000
88,000
3,631,000
50,000
64,000
54,000
66,000
63,000
-11,000
235,000
-43,000
-4,000
1,645,000
cash and cash equivalents
cash
829,000
-1,315,000
1,359,000
560,000
-510,000
-297,000
-912,000
285,000
613,000
704,000
-1,119,000
1,234,000
-42,000
578,000
1,191,000
overdraft
change in cash
829,000
-1,315,000
1,359,000
560,000
-510,000
-297,000
-912,000
285,000
613,000
704,000
-1,119,000
1,234,000
-42,000
578,000
1,191,000
the forward trust Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for the forward trust. Get real-time insights into the forward trust's credit score, group structure and payment trends.
Perform a competitor analysis for the forward trust by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SE11 area or any other competitors across 12 key performance metrics.
the forward trust Ownership
THE FORWARD TRUST group structure
The Forward Trust has no subsidiary companies.
Ultimate parent company
THE FORWARD TRUST
02560474
THE FORWARD TRUST Shareholders
The sole shareholder of The Forward Trust is -.
-
-
the forward trust directors
The Forward Trust currently has 13 directors.
The longest serving directors include
Hon. Isabelle Laurent (Mar 1993) and
Ms Benita Refson, Obe (May 2013).
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
86220 - Specialist medical practice activities
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
87900 - Other residential care activities
incorporation date
November 1990
age
35
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
rehabilitation for addicted prisoners trust (June 2017)
the addictive diseases trust (December 1995)
accountant
-
auditor
HAYSMAC LLP
address
unit 106, edinburgh house,, 170 kennington lane, london, SE11 5DP
Bank
HSBC BANK PLC, HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
BATES WELLS
the forward trust 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 the forward trust. Currently there are 3 open charges and 3 have been satisfied in the past.
the forward trust 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 THE FORWARD TRUST. This can take several minutes, an email will notify you when this has completed.
the forward trustCompanies House Filings - See Documents
