Independent Forgings & Alloys Limited

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independent forgings & alloys limited Company Information

Live

MatureLargeHigh

Company Number

04122236

Next Accounts

Dec 2025

Industry

Forging, pressing, stamping and roll-forming of metal; powder metallurgy

Directors

Martin Burnham

Andrew McGuinness

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Shareholders

ifa metals international ltd

Group Structure

View All

Contact

Registered Address

victoria forge, livesey street, sheffield, south yorkshire, S6 2BL

Website

www.independentforgings.com

independent forgings & alloys limited Estimated Valuation

£99.6m

Pomanda estimates the enterprise value of INDEPENDENT FORGINGS & ALLOYS LIMITED at £99.6m based on an EBITDA of £10.4m and a 9.6x industry multiple (adjusted for size and gross margin).

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Independent Forgings & Alloys Limited is a live company located in sheffield, S6 2BL with a Companies House number of 04122236. It operates in the forging, pressing, stamping and roll-forming of metal sector, SIC Code 25500. Founded in December 2000, it's largest shareholder is ifa metals international ltd with a 100% stake. Independent Forgings & Alloys Limited is a mature, large sized company, Pomanda has estimated its turnover at £47.1m with high growth in recent years.

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Pomanda's financial health check has awarded Independent Forgings & Alloys Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £47.1m, make it larger than the average company (£16m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (9.7%)

EXPORT

Independent Forgings & Alloys Limited's latest turnover from March 2024 is £47.1 million and the company has net assets of £21.6 million. According to their latest financial statements, Independent Forgings & Alloys Limited has 254 employees and maintains cash reserves of £60.3 thousand 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	47,113,818	34,757,916	24,880,155	26,229,765	24,828,975	24,001,840	23,283,508	17,769,039	17,305,709	19,164,389	18,154,768	19,664,131	17,122,170	15,162,948	14,001,193
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	32,561,553	27,227,056	19,789,337	21,469,234	19,886,200	18,686,075	18,147,841	14,430,884	13,711,669	15,223,038	15,761,178	16,213,887	14,020,592	12,561,761	12,123,694
Gross Profit	14,552,265	7,530,860	5,090,818	4,760,531	4,942,775	5,315,765	5,135,667	3,338,155	3,594,040	3,941,351	2,393,590	3,450,244	3,101,578	2,601,187	1,877,499
Admin Expenses	5,043,183	4,667,216	2,777,298	2,393,025	2,947,438	2,726,092	2,330,228	2,256,677	2,717,231	3,599,243	2,337,604	2,270,459	1,859,309	1,920,293	2,223,197
Operating Profit	9,509,082	2,863,644	2,313,520	2,367,506	1,995,337	2,589,673	2,805,439	1,081,478	876,809	342,108	55,986	1,179,785	1,242,269	680,894	-345,698
Interest Payable	625,132	310,625	134,498	154,532	175,013	107,450	124,609	148,869	174,746	165,101	259,171	256,242	156,499	194,711	245,707
Interest Receivable	0	0	0	390	0	0	0	0	0	0	505	0	0	0	0
Pre-Tax Profit	8,883,950	2,553,019	2,179,022	2,213,364	1,820,324	2,482,223	2,680,830	932,609	702,063	177,007	-202,680	923,543	1,085,770	486,183	-591,405
Tax	-1,051,934	-160,500	-388,660	-96,983	217,039	175,647	-495,770	-68,847	-310,038	107,660	66,500	-247,447	-20,258	-102,000	88,811
Profit After Tax	7,832,016	2,392,519	1,790,362	2,116,381	2,037,363	2,657,870	2,185,060	863,762	392,025	284,667	-136,180	676,096	1,065,512	384,183	-502,594
Dividends Paid	1,935,000	1,170,000	510,000	2,222,000	0	0	0	0	0	1,275,000	585,000	160,000	0	0	0
Retained Profit	5,897,016	1,222,519	1,280,362	-105,619	2,037,363	2,657,870	2,185,060	863,762	392,025	-990,333	-721,180	516,096	1,065,512	384,183	-502,594
Employee Costs	12,251,779	10,011,808	7,556,677	8,305,158	8,008,410	6,729,948	5,989,598	5,264,952	4,903,427	4,999,313	5,096,089	4,985,987	4,508,338	3,913,252	3,594,281
Number Of Employees	254	223	185	179	206	176	155	131	121	122	137	129	125	116	116
EBITDA*	10,379,285	3,621,384	2,948,651	3,031,896	2,508,734	3,028,392	3,281,076	1,718,952	1,588,929	1,109,418	821,203	1,891,224	1,967,612	1,563,270	492,034

* 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	8,151,427	7,784,396	6,756,057	6,667,563	6,633,631	3,233,067	3,064,363	2,851,396	3,258,098	3,651,905	4,059,172	4,394,919	4,789,999	5,404,560	5,684,505
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	81,690	179,500	179,500
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,151,427	7,784,396	6,756,057	6,667,563	6,633,631	3,233,067	3,064,363	2,851,396	3,258,098	3,651,905	4,059,172	4,394,919	4,871,689	5,584,060	5,864,005
Stock & work in progress	16,821,842	13,677,234	8,791,225	8,927,076	7,089,712	7,015,656	4,989,307	4,160,862	3,882,325	3,051,675	3,875,489	3,260,963	3,265,657	2,809,571	2,476,112
Trade Debtors	11,907,342	8,415,294	6,073,517	5,033,245	7,284,218	6,269,778	5,888,382	5,414,515	4,251,180	5,056,257	4,416,395	4,289,730	3,697,076	2,982,389	2,899,870
Group Debtors	1,635,007	601,990	413,494	0	2,070,191	2,070,191	438,253	2,070,191	2,070,191	2,233,190	2,148,189	2,206,568	2,340,859	0	0
Misc Debtors	1,107,494	3,254,508	3,576,316	2,472,050	653,335	591,286	335,793	426,159	255,603	279,957	315,064	301,930	427,240	315,035	426,058
Cash	60,283	805,815	158,890	143,726	3,453,043	356,336	1,003,474	124,544	85,294	6,635	182,719	349,058	64,989	449,313	445,314
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	31,531,968	26,754,841	19,013,442	16,576,097	20,550,499	16,303,247	12,655,209	12,196,271	10,544,593	10,627,714	10,937,856	10,408,249	9,795,821	6,556,308	6,247,354
total assets	39,683,395	34,539,237	25,769,499	23,243,660	27,184,130	19,536,314	15,719,572	15,047,667	13,802,691	14,279,619	14,997,028	14,803,168	14,667,510	12,140,368	12,111,359
Bank overdraft	240,487	0	0	0	0	0	461,310	582,376	617,004	623,909	645,479	0	0	0	885,707
Bank loan	2,852,810	2,030,224	258,333	533,805	417,379	480,164	0	0	0	0	0	592,134	620,115	648,780	0
Trade Creditors	4,227,503	3,722,851	3,687,840	2,697,806	3,343,149	3,153,494	2,440,480	2,475,754	1,903,945	2,219,794	2,409,161	1,768,867	1,789,575	1,482,845	1,446,177
Group/Directors Accounts	3,105,000	1,170,000	510,000	264,568	750,618	1,273,625	0	0	0	163,001	163,001	163,001	163,380	1	0
other short term finances	1,609,729	2,560,882	0	0	0	0	0	0	0	0	0	0	0	299,569	501,324
hp & lease commitments	256,568	208,752	139,044	135,229	99,191	46,050	71,076	78,105	80,245	36,225	0	0	0	0	5,331
other current liabilities	4,370,588	4,787,672	2,279,779	1,933,892	4,523,652	2,067,482	2,401,106	3,214,175	2,652,080	2,807,653	3,655,517	3,035,515	2,835,765	1,471,043	963,312
total current liabilities	16,662,685	14,480,381	6,874,996	5,565,300	9,133,989	7,020,815	5,373,972	6,350,410	5,253,274	5,850,582	6,873,158	5,559,517	5,408,835	3,902,238	3,801,851
loans	0	2,861,928	3,129,379	3,383,309	3,921,517	856,158	1,335,782	1,797,945	2,242,563	2,704,564	1,492,511	1,793,884	2,246,000	2,131,652	2,631,227
hp & lease commitments	509,446	362,680	313,895	453,684	283,488	48,218	94,268	165,342	238,147	99,619	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	228,857	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	903,000	1,123,000	962,500	633,000	531,150	334,500	293,000	290,000	468,000	391,000	382,000	448,500	469,000	472,000	526,000
total long term liabilities	1,412,446	4,347,608	4,405,774	4,469,993	4,736,155	1,238,876	1,723,050	2,253,287	2,948,710	3,195,183	1,874,511	2,242,384	2,715,000	2,832,509	3,157,227
total liabilities	18,075,131	18,827,989	11,280,770	10,035,293	13,870,144	8,259,691	7,097,022	8,603,697	8,201,984	9,045,765	8,747,669	7,801,901	8,123,835	6,734,747	6,959,078
net assets	21,608,264	15,711,248	14,488,729	13,208,367	13,313,986	11,276,623	8,622,550	6,443,970	5,600,707	5,233,854	6,249,359	7,001,267	6,543,675	5,405,621	5,152,281
total shareholders funds	21,608,264	15,711,248	14,488,729	13,208,367	13,313,986	11,276,623	8,622,550	6,443,970	5,600,707	5,233,854	6,249,359	7,001,267	6,543,675	5,405,621	5,152,281

	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	9,509,082	2,863,644	2,313,520	2,367,506	1,995,337	2,589,673	2,805,439	1,081,478	876,809	342,108	55,986	1,179,785	1,242,269	680,894	-345,698
Depreciation	870,203	757,740	635,131	664,390	513,397	438,719	475,637	637,474	712,120	767,310	765,217	711,439	725,343	882,376	837,732
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,051,934	-160,500	-388,660	-96,983	217,039	175,647	-495,770	-68,847	-310,038	107,660	66,500	-247,447	-20,258	-102,000	88,811
Stock	3,144,608	4,886,009	-135,851	1,837,364	74,056	2,026,349	828,445	278,537	830,650	-823,814	614,526	-4,694	456,086	333,459	2,476,112
Debtors	2,378,051	2,208,465	2,558,032	-2,502,449	1,076,489	2,268,827	-1,248,437	1,333,891	-992,430	689,756	81,420	333,053	3,167,751	-28,504	3,325,928
Creditors	504,652	35,011	990,034	-645,343	189,655	713,014	-35,274	571,809	-315,849	-189,367	640,294	-20,708	306,730	36,668	1,446,177
Accruals and Deferred Income	-417,084	2,507,893	345,887	-2,589,760	2,456,170	-333,624	-813,069	562,095	-155,573	-847,864	620,002	199,750	1,135,865	736,588	963,312
Deferred Taxes & Provisions	-220,000	160,500	329,500	101,850	196,650	41,500	3,000	-178,000	77,000	9,000	-66,500	-20,500	-3,000	-54,000	526,000
Cash flow from operations	3,672,260	-930,186	1,803,231	466,745	4,417,703	-670,247	2,359,955	993,581	1,046,249	322,905	1,385,553	1,473,960	-236,888	1,875,571	-2,285,706
Investing Activities
capital expenditure	-1,237,234	-1,786,079	-723,625	-698,322	0	0	-535,705	-362,440	-111,178	-138,446	-429,470	-316,359	-110,782	-602,431	-6,522,237
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	-81,690	-97,810	0	179,500
cash flow from investments	-1,237,234	-1,786,079	-723,625	-698,322	0	0	-535,705	-362,440	-111,178	-138,446	-429,470	-234,669	-12,972	-602,431	-6,701,737
Financing Activities
Bank loans	822,586	1,771,891	-275,472	116,426	-62,785	480,164	0	0	0	0	-592,134	-27,981	-28,665	648,780	0
Group/Directors Accounts	1,935,000	660,000	245,432	-486,050	-523,007	1,273,625	0	0	-163,001	0	0	-379	163,379	1	0
Other Short Term Loans	-951,153	2,560,882	0	0	0	0	0	0	0	0	0	0	-299,569	-201,755	501,324
Long term loans	-2,861,928	-267,451	-253,930	-538,208	3,065,359	-479,624	-462,163	-444,618	-462,001	1,212,053	-301,373	-452,116	114,348	-499,575	2,631,227
Hire Purchase and Lease Commitments	194,582	118,493	-135,974	206,234	288,411	-71,076	-78,103	-74,945	182,548	135,844	0	0	0	-5,331	5,331
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	-3,797	-6,480	-20,499	-25,172	-25,172	-30,728	-58,504	72,542	-130,843	5,654,875
interest	-625,132	-310,625	-134,498	-154,142	-175,013	-107,450	-124,609	-148,869	-174,746	-165,101	-258,666	-256,242	-156,499	-194,711	-245,707
cash flow from financing	-1,486,045	4,533,190	-554,442	-855,740	2,592,965	1,091,842	-671,355	-688,931	-642,372	1,157,624	-1,182,901	-795,222	-134,464	-383,434	8,547,050
cash and cash equivalents
cash	-745,532	646,925	15,164	-3,309,317	3,096,707	-647,138	878,930	39,250	78,659	-176,084	-166,339	284,069	-384,324	3,999	445,314
overdraft	240,487	0	0	0	0	-461,310	-121,066	-34,628	-6,905	-21,570	645,479	0	0	-885,707	885,707
change in cash	-986,019	646,925	15,164	-3,309,317	3,096,707	-185,828	999,996	73,878	85,564	-154,514	-811,818	284,069	-384,324	889,706	-440,393

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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INDEPENDENT FORGINGS & ALLOYS LIMITED group structure

Independent Forgings & Alloys Limited has no subsidiary companies.

Ultimate parent company

IFA GROUP LIMITED

11158850

IFA METALS INTERNATIONAL LIMITED

07729847

2 parents

INDEPENDENT FORGINGS & ALLOYS LIMITED

04122236

INDEPENDENT FORGINGS & ALLOYS LIMITED Shareholders

ifa metals international ltd

100%

Independent Forgings & Alloys Limited currently has 8 directors. The longest serving directors include Mr Martin Burnham (Jan 2001) and Mr Andrew McGuinness (Feb 2001).

officer	country	age	start	end	role
Mr Martin Burnham		68 years	Jan 2001	-	Director
Mr Andrew McGuinness		58 years	Feb 2001	-	Director
Mr Craig Syson		53 years	Apr 2004	-	Director
Mr Gareth Davies	United Kingdom	54 years	Aug 2004	-	Director
Mr Martin Naylor		52 years	Aug 2006	-	Director
Mr Andrew Wade		52 years	Dec 2009	-	Director
Mr Anthony Savile		62 years	Jan 2014	-	Director
Mr Mark Tomlinson	England	54 years	Feb 2022	-	Director

P&L

March 2024

turnover

47.1m

+36%

operating profit

9.5m

+232%

gross margin

30.9%

+42.56%

turnover

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

Balance Sheet

March 2024

net assets

21.6m

+0.38%

total assets

39.7m

+0.15%

cash

60.3k

-0.93%

net assets

Total assets minus all liabilities

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company number

04122236

Type

Private limited with Share Capital

industry

25500 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy

incorporation date

December 2000

ultimate parent company

IFA GROUP LIMITED

previous names

broomco (2414) limited (January 2001)

address

victoria forge, livesey street, sheffield, south yorkshire, S6 2BL

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 20 charges/mortgages relating to independent forgings & alloys limited. Currently there are 6 open charges and 14 have been satisfied in the past.

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independent forgings & alloys limited Company Information

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independent forgings & alloys limited Estimated Valuation

independent forgings & alloys limited Estimated Valuation

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INDEPENDENT FORGINGS & ALLOYS LIMITED financials

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