independent forgings & alloys limited
independent forgings & alloys limited Company Information
Company Number
04122236
Website
www.independentforgings.comRegistered Address
victoria forge, livesey street, sheffield, south yorkshire, S6 2BL
Industry
Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Telephone
01142343000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
ifa metals international ltd 100%
independent forgings & alloys limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT FORGINGS & ALLOYS LIMITED at £28.2m based on a Turnover of £34.8m and 0.81x industry multiple (adjusted for size and gross margin).
independent forgings & alloys limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT FORGINGS & ALLOYS LIMITED at £27.4m based on an EBITDA of £3.6m and a 7.57x industry multiple (adjusted for size and gross margin).
independent forgings & alloys limited Estimated Valuation
Pomanda estimates the enterprise value of INDEPENDENT FORGINGS & ALLOYS LIMITED at £31.2m based on Net Assets of £15.7m and 1.99x industry multiple (adjusted for liquidity).
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Independent Forgings & Alloys Limited Overview
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 £34.8m with healthy growth in recent years.
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Independent Forgings & Alloys Limited Health Check
Pomanda's financial health check has awarded Independent Forgings & Alloys Limited a 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
6 Strong
2 Regular
4 Weak
Size
annual sales of £34.8m, make it larger than the average company (£18m)
£34.8m - Independent Forgings & Alloys Limited
£18m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (0.3%)
12% - Independent Forgings & Alloys Limited
0.3% - Industry AVG
Production
with a gross margin of 21.7%, this company has a lower cost of product (15.1%)
21.7% - Independent Forgings & Alloys Limited
15.1% - Industry AVG
Profitability
an operating margin of 8.2% make it more profitable than the average company (2.9%)
8.2% - Independent Forgings & Alloys Limited
2.9% - Industry AVG
Employees
with 223 employees, this is above the industry average (104)
223 - Independent Forgings & Alloys Limited
104 - Industry AVG
Pay Structure
on an average salary of £44.9k, the company has a higher pay structure (£35.4k)
£44.9k - Independent Forgings & Alloys Limited
£35.4k - Industry AVG
Efficiency
resulting in sales per employee of £155.9k, this is equally as efficient (£150.8k)
£155.9k - Independent Forgings & Alloys Limited
£150.8k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (59 days)
88 days - Independent Forgings & Alloys Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 49 days, this is close to average (53 days)
49 days - Independent Forgings & Alloys Limited
53 days - Industry AVG
Stock Days
it holds stock equivalent to 183 days, this is more than average (81 days)
183 days - Independent Forgings & Alloys Limited
81 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (5 weeks)
3 weeks - Independent Forgings & Alloys Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.1%, this is a lower level of debt than the average (65%)
52.1% - Independent Forgings & Alloys Limited
65% - Industry AVG
INDEPENDENT FORGINGS & ALLOYS LIMITED financials
Independent Forgings & Alloys Limited's latest turnover from March 2023 is £34.8 million and the company has net assets of £15.7 million. According to their latest financial statements, Independent Forgings & Alloys Limited has 223 employees and maintains cash reserves of £805.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 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 | ||
| Cost Of Sales | 27,227,056 | 19,789,337 | 21,469,234 | 19,886,200 | 18,686,075 | 18,147,841 | 14,430,884 | 15,761,178 | 16,213,887 | 14,020,592 | 12,561,761 | 12,123,694 | ||
| Gross Profit | 7,530,860 | 5,090,818 | 4,760,531 | 4,942,775 | 5,315,765 | 5,135,667 | 3,338,155 | 2,393,590 | 3,450,244 | 3,101,578 | 2,601,187 | 1,877,499 | ||
| Admin Expenses | 4,667,216 | 2,777,298 | 2,393,025 | 2,947,438 | 2,726,092 | 2,330,228 | 2,256,677 | 2,337,604 | 2,270,459 | 1,859,309 | 1,920,293 | 2,223,197 | ||
| Operating Profit | 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 | 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 | 390 | 0 | 0 | 0 | 0 | 0 | 0 | 505 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 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 | -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 | 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 | 1,170,000 | 510,000 | 2,222,000 | 0 | 0 | 0 | 0 | 0 | 1,275,000 | 585,000 | 160,000 | 0 | 0 | 0 |
| Retained Profit | 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 | 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 | 223 | 185 | 179 | 206 | 176 | 155 | 131 | 121 | 122 | 137 | 129 | 125 | 116 | 116 |
| EBITDA* | 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 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 | 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 |
| Investments & Other | 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 |
| Total Fixed Assets | 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 | 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 | 8,415,295 | 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 | 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 | 1,482,616 | 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 | 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 |
| total current assets | 24,982,950 | 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 | 32,767,346 | 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 | 0 | 0 | 0 | 0 | 0 | 461,310 | 582,376 | 617,004 | 623,909 | 645,479 | 0 | 0 | 0 | 885,707 |
| Bank loan | 258,333 | 258,333 | 533,805 | 417,379 | 480,164 | 0 | 0 | 0 | 0 | 0 | 592,134 | 620,115 | 648,780 | 0 |
| Trade Creditors | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 299,569 | 501,324 |
| hp & lease commitments | 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 | 7,348,554 | 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 | 12,708,490 | 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 | 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 | 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 | 228,857 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 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 | 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 | 17,056,098 | 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 | 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 | 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 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 | 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 | 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 |
| Tax | -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 | 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 | 436,574 | 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 | 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 | 5,068,775 | 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 | 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 | 3,402,587 | 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 | 0 | 0 | -535,705 | -362,440 | -111,178 | -138,446 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -81,690 | -97,810 | 0 | 179,500 |
| cash flow from investments | 0 | 0 | -535,705 | -362,440 | -111,178 | -138,446 | ||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | -275,472 | 116,426 | -62,785 | 480,164 | 0 | 0 | 0 | 0 | -592,134 | -27,981 | -28,665 | 648,780 | 0 |
| Group/Directors Accounts | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -299,569 | -201,755 | 501,324 |
| Long term loans | -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 | 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 |
| share issue | ||||||||||||||
| interest | -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 | 200,417 | -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 | 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 | 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 | 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 |
independent forgings & alloys limited Credit Report and Business Information
Independent Forgings & Alloys Limited Competitor Analysis
Perform a competitor analysis for independent forgings & alloys limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in S 6 area or any other competitors across 12 key performance metrics.
independent forgings & alloys limited Ownership
INDEPENDENT FORGINGS & ALLOYS LIMITED group structure
Independent Forgings & Alloys Limited has no subsidiary companies.
Ultimate parent company
2 parents
INDEPENDENT FORGINGS & ALLOYS LIMITED
04122236
independent forgings & alloys limited directors
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 | 52 years | Apr 2004 | - | Director | |
| Mr Gareth Davies | United Kingdom | 53 years | Aug 2004 | - | Director |
| Mr Martin Naylor | 51 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 2023turnover
34.8m
+40%
operating profit
2.9m
+24%
gross margin
21.7%
+5.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
15.7m
+0.08%
total assets
32.8m
+0.27%
cash
805.8k
+4.07%
net assets
Total assets minus all liabilities
independent forgings & alloys limited company details
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
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
broomco (2414) limited (January 2001)
accountant
-
auditor
BHP LLP
address
victoria forge, livesey street, sheffield, south yorkshire, S6 2BL
Bank
BARCLAYS BANK PLC
Legal Advisor
-
independent forgings & alloys 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 20 charges/mortgages relating to independent forgings & alloys limited. Currently there are 6 open charges and 14 have been satisfied in the past.
independent forgings & alloys limited Companies House Filings - See Documents
| date | description | view/download |
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