formworks (uk) limited
formworks (uk) limited Company Information
Company Number
04031218
Next Accounts
Sep 2025
Directors
Shareholders
john caradoc sales letton
Group Structure
View All
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Registered Address
7-9 the avenue, eastbourne, east sussex, BN21 3YA
Website
www.formworksuk.comformworks (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of FORMWORKS (UK) LIMITED at £641.3k based on a Turnover of £1.9m and 0.34x industry multiple (adjusted for size and gross margin).
formworks (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of FORMWORKS (UK) LIMITED at £8.6k based on an EBITDA of £2.7k and a 3.12x industry multiple (adjusted for size and gross margin).
formworks (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of FORMWORKS (UK) LIMITED at £0 based on Net Assets of £-456.4k and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Formworks (uk) Limited Overview
Formworks (uk) Limited is a live company located in east sussex, BN21 3YA with a Companies House number of 04031218. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 2000, it's largest shareholder is john caradoc sales letton with a 100% stake. Formworks (uk) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Formworks (uk) Limited Health Check
Pomanda's financial health check has awarded Formworks (Uk) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£8.5m)
- Formworks (uk) Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (9.3%)
- Formworks (uk) Limited
9.3% - Industry AVG
Production
with a gross margin of 14%, this company has a higher cost of product (24.5%)
- Formworks (uk) Limited
24.5% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (6%)
- Formworks (uk) Limited
6% - Industry AVG
Employees
with 5 employees, this is below the industry average (36)
- Formworks (uk) Limited
36 - Industry AVG
Pay Structure
on an average salary of £49.8k, the company has an equivalent pay structure (£49.8k)
- Formworks (uk) Limited
£49.8k - Industry AVG
Efficiency
resulting in sales per employee of £379.4k, this is more efficient (£201.4k)
- Formworks (uk) Limited
£201.4k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (56 days)
- Formworks (uk) Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 194 days, this is slower than average (37 days)
- Formworks (uk) Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Formworks (uk) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Formworks (uk) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 210.8%, this is a higher level of debt than the average (60.8%)
210.8% - Formworks (uk) Limited
60.8% - Industry AVG
FORMWORKS (UK) LIMITED financials
Formworks (Uk) Limited's latest turnover from December 2023 is estimated at £1.9 million and the company has net assets of -£456.4 thousand. According to their latest financial statements, we estimate that Formworks (Uk) Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 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 | |||||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 358,424 | 1,425 | 1,200 | 1,600 | 0 | 47 | 47 | 1,390 | 1,867 | 2,345 | 2,938 | 3,789 | 4,785 | 6,546 | 8,489 |
| 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 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 358,424 | 1,425 | 1,200 | 1,600 | 0 | 47 | 47 | 1,390 | 1,867 | 2,345 | 2,938 | 3,789 | 4,785 | 6,546 | 8,489 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 86,848 | 86,848 | 85,110 | 87,228 | 91,051 |
| Trade Debtors | 53,515 | 444,463 | 419,327 | 326,963 | 86,931 | 86,931 | 86,931 | 85,728 | 87,638 | 95,880 | 18,442 | 22,469 | 11,945 | 12,484 | 55,286 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 330 | 0 | 24,992 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 280 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 53,515 | 444,463 | 419,327 | 326,963 | 86,931 | 86,931 | 86,931 | 85,728 | 87,638 | 96,160 | 105,290 | 109,317 | 97,385 | 99,712 | 171,329 |
| total assets | 411,939 | 445,888 | 420,527 | 328,563 | 86,931 | 86,978 | 86,978 | 87,118 | 89,505 | 98,505 | 108,228 | 113,106 | 102,170 | 106,258 | 179,818 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 868,342 | 904,346 | 879,125 | 780,885 | 538,887 | 538,461 | 538,280 | 537,683 | 538,283 | 364,520 | 338,681 | 292,041 | 231,961 | 178,712 | 188,341 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 868,342 | 904,346 | 879,125 | 780,885 | 538,887 | 538,461 | 538,280 | 537,683 | 538,283 | 364,520 | 338,681 | 292,041 | 231,961 | 178,712 | 188,341 |
| loans | 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 |
| 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 | 157,487 | 157,487 | 157,487 | 157,487 | 157,487 | 157,487 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 157,487 | 157,487 | 157,487 | 157,487 | 157,487 | 157,487 |
| total liabilities | 868,342 | 904,346 | 879,125 | 780,885 | 538,887 | 538,461 | 538,280 | 537,683 | 538,283 | 522,007 | 496,168 | 449,528 | 389,448 | 336,199 | 345,828 |
| net assets | -456,403 | -458,458 | -458,598 | -452,322 | -451,956 | -451,483 | -451,302 | -450,565 | -448,778 | -423,502 | -387,940 | -336,422 | -287,278 | -229,941 | -166,010 |
| total shareholders funds | -456,403 | -458,458 | -458,598 | -452,322 | -451,956 | -451,483 | -451,302 | -450,565 | -448,778 | -423,502 | -387,940 | -336,422 | -287,278 | -229,941 | -166,010 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 851 | 996 | 2,044 | 2,421 | 2,964 | |||||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -86,848 | 0 | 1,738 | -2,118 | -3,823 | 91,051 |
| Debtors | -390,948 | 25,136 | 92,364 | 240,032 | 0 | 0 | 1,203 | -1,910 | -8,242 | 77,438 | -4,027 | 10,524 | -539 | -42,802 | 55,286 |
| Creditors | -36,004 | 25,221 | 98,240 | 241,998 | 426 | 181 | 597 | -600 | 173,763 | 25,839 | 46,640 | 60,080 | 53,249 | -9,629 | 188,341 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 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 | 0 | 0 | 0 | 0 | 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 | -157,487 | 0 | 0 | 0 | 0 | 0 | 157,487 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -330 | 330 | -24,992 | 24,992 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -330 | 330 | -24,992 | 24,992 |
formworks (uk) limited Credit Report and Business Information
Formworks (uk) Limited Competitor Analysis
Perform a competitor analysis for formworks (uk) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BN21 area or any other competitors across 12 key performance metrics.
formworks (uk) limited Ownership
FORMWORKS (UK) LIMITED group structure
Formworks (Uk) Limited has no subsidiary companies.
Ultimate parent company
FORMWORKS (UK) LIMITED
04031218
formworks (uk) limited directors
Formworks (Uk) Limited currently has 1 director, Mr John Letton serving since Oct 2001.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Letton | England | 78 years | Oct 2001 | - | Director |
P&L
December 2023turnover
1.9m
-33%
operating profit
2.7k
0%
gross margin
14.1%
+3.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-456.4k
0%
total assets
411.9k
-0.08%
cash
0
0%
net assets
Total assets minus all liabilities
formworks (uk) limited company details
company number
04031218
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
July 2000
age
25
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
speed 8400 limited (September 2000)
accountant
-
auditor
-
address
7-9 the avenue, eastbourne, east sussex, BN21 3YA
Bank
-
Legal Advisor
-
formworks (uk) 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 did not find charges/mortgages relating to formworks (uk) limited.
formworks (uk) 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.
Click to start generating capital raising & share issue transactions for FORMWORKS (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.
formworks (uk) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
