forgeco ltd
forgeco ltd Company Information
Company Number
04226017
Next Accounts
Jan 2026
Shareholders
ranjit singh dale
dev arjuna enterprises private ltd
Group Structure
View All
Industry
Manufacture of metal structures and parts of structures
Registered Address
swarn house meadow lane, coseley, bilston, west midlands, WV14 9NQ
Website
www.forgeco.co.ukforgeco ltd Estimated Valuation
Pomanda estimates the enterprise value of FORGECO LTD at £1.6m based on a Turnover of £3.1m and 0.53x industry multiple (adjusted for size and gross margin).
forgeco ltd Estimated Valuation
Pomanda estimates the enterprise value of FORGECO LTD at £953k based on an EBITDA of £234.3k and a 4.07x industry multiple (adjusted for size and gross margin).
forgeco ltd Estimated Valuation
Pomanda estimates the enterprise value of FORGECO LTD at £4.4m based on Net Assets of £2.2m and 2.02x industry multiple (adjusted for liquidity).
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Forgeco Ltd Overview
Forgeco Ltd is a live company located in bilston, WV14 9NQ with a Companies House number of 04226017. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in May 2001, it's largest shareholder is ranjit singh dale with a 50% stake. Forgeco Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.
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Forgeco Ltd Health Check
Pomanda's financial health check has awarded Forgeco Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£13.6m)
- Forgeco Ltd
£13.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (13.1%)
- Forgeco Ltd
13.1% - Industry AVG
Production
with a gross margin of 26.7%, this company has a comparable cost of product (26.7%)
- Forgeco Ltd
26.7% - Industry AVG
Profitability
an operating margin of 7.5% make it more profitable than the average company (5.7%)
- Forgeco Ltd
5.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (78)
9 - Forgeco Ltd
78 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has an equivalent pay structure (£44.2k)
- Forgeco Ltd
£44.2k - Industry AVG
Efficiency
resulting in sales per employee of £341.6k, this is more efficient (£173.1k)
- Forgeco Ltd
£173.1k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (60 days)
- Forgeco Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (50 days)
- Forgeco Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 134 days, this is more than average (38 days)
- Forgeco Ltd
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (13 weeks)
10 weeks - Forgeco Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.9%, this is a lower level of debt than the average (51.3%)
13.9% - Forgeco Ltd
51.3% - Industry AVG
FORGECO LTD financials
Forgeco Ltd's latest turnover from April 2024 is estimated at £3.1 million and the company has net assets of £2.2 million. According to their latest financial statements, Forgeco Ltd has 9 employees and maintains cash reserves of £66.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 9 | 6 | 6 | 6 | 7 | 6 | 6 | 3 | 4 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 67,212 | 5 | 5 | 5,213 | 14,141 | 23,345 | 41,297 | 26,127 | 47,182 | 43,692 | 19,423 | 15,595 | 4,181 | 8,741 | |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 2,502 | 2,502 | 95,000 | 75,000 | 75,000 | ||||||||||
| Total Fixed Assets | 67,212 | 5 | 5 | 5,213 | 14,141 | 23,345 | 41,297 | 28,629 | 49,684 | 43,692 | 19,423 | 15,595 | 95,000 | 79,181 | 83,741 |
| Stock & work in progress | 829,013 | 1,138,509 | 1,317,815 | 365,792 | 1,224,099 | 1,329,878 | 1,533,637 | 1,661,790 | 970,614 | 1,525,220 | 942,540 | 1,087,837 | 790,042 | 797,536 | 840,132 |
| Trade Debtors | 850,448 | 813,030 | 1,260,763 | 1,876,305 | 1,426,861 | 2,161,572 | 2,120,879 | 2,280,793 | 1,196,637 | 1,342,657 | 2,758,873 | 842,886 | 787,006 | 573,574 | 451,450 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 720,938 | 338,733 | 943,529 | 171,770 | 726,295 | 86,199 | 56,969 | 36,543 | 49,286 | ||||||
| Cash | 66,739 | 387,938 | 200,423 | 1,045,150 | 70,740 | 114,274 | 91,663 | 134,190 | 59,794 | 333,145 | 185,345 | 5,787 | 131,000 | 73,373 | 7,499 |
| misc current assets | |||||||||||||||
| total current assets | 2,467,138 | 2,678,210 | 3,722,530 | 3,459,017 | 3,447,995 | 3,691,923 | 3,803,148 | 4,113,316 | 2,276,331 | 3,201,022 | 3,886,758 | 1,936,510 | 1,708,048 | 1,444,483 | 1,299,081 |
| total assets | 2,534,350 | 2,678,215 | 3,722,535 | 3,464,230 | 3,462,136 | 3,715,268 | 3,844,445 | 4,141,945 | 2,326,015 | 3,244,714 | 3,906,181 | 1,952,105 | 1,803,048 | 1,523,664 | 1,382,822 |
| Bank overdraft | 100,000 | 75,000 | |||||||||||||
| Bank loan | 100,000 | ||||||||||||||
| Trade Creditors | 43,857 | 38,174 | 188,180 | 135,380 | 140,165 | 238,366 | 313,607 | 435,472 | 53,421 | 2,129,909 | 2,913,474 | 1,150,636 | 1,092,824 | 877,687 | 790,891 |
| Group/Directors Accounts | 259,680 | 478,298 | 371,354 | 469,298 | 612,796 | 259,827 | |||||||||
| other short term finances | 759,356 | 291,334 | 1,016,715 | 1,401,699 | 1,552,664 | 1,696,953 | 750,461 | ||||||||
| hp & lease commitments | 15,642 | 7,151 | 23,377 | 8,413 | |||||||||||
| other current liabilities | 297,340 | 302,197 | 319,470 | 347,829 | 98,554 | 96,299 | 46,731 | 121,848 | 84,460 | ||||||
| total current liabilities | 341,197 | 440,371 | 1,367,006 | 1,109,223 | 1,749,374 | 2,114,869 | 2,405,677 | 2,875,482 | 1,148,169 | 2,129,909 | 2,913,474 | 1,150,636 | 1,092,824 | 877,687 | 790,891 |
| loans | 225,139 | 325,000 | 425,000 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 15,642 | 22,793 | 16,943 | 25,356 | 23,729 | 5,211 | 9,164 | ||||||||
| provisions | 11,744 | 1,122 | 989 | ||||||||||||
| total long term liabilities | 11,744 | 225,139 | 325,000 | 425,000 | 15,642 | 22,793 | 16,943 | 25,356 | 24,851 | 6,200 | 9,164 | ||||
| total liabilities | 352,941 | 665,510 | 1,692,006 | 1,534,223 | 1,749,374 | 2,130,511 | 2,428,470 | 2,892,425 | 1,173,525 | 2,154,760 | 2,919,674 | 1,159,800 | 1,092,824 | 877,687 | 790,891 |
| net assets | 2,181,409 | 2,012,705 | 2,030,529 | 1,930,007 | 1,712,762 | 1,584,757 | 1,415,975 | 1,249,520 | 1,152,490 | 1,089,954 | 986,507 | 792,305 | 710,224 | 645,977 | 591,931 |
| total shareholders funds | 2,181,409 | 2,012,705 | 2,030,529 | 1,930,007 | 1,712,762 | 1,584,757 | 1,415,975 | 1,249,520 | 1,152,490 | 1,089,954 | 986,507 | 792,305 | 710,224 | 645,977 | 591,931 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 3,012 | 5,208 | 8,928 | 9,204 | 11,442 | 20,580 | 19,110 | 19,781 | 12,991 | 4,227 | 4,181 | 4,560 | 4,560 | ||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -309,496 | -179,306 | 952,023 | -858,307 | -105,779 | -203,759 | -128,153 | 691,176 | -554,606 | 582,680 | -145,297 | 297,795 | -7,494 | -42,596 | 840,132 |
| Debtors | 419,623 | -1,052,529 | 156,217 | -105,081 | -94,615 | 69,923 | -141,990 | 1,071,413 | -94,232 | -1,416,216 | 1,915,987 | -39,120 | 233,432 | 122,124 | 526,450 |
| Creditors | 5,683 | -150,006 | 52,800 | -4,785 | -98,201 | -75,241 | -121,865 | 382,051 | -2,076,488 | -783,565 | 1,762,838 | 57,812 | 215,137 | 86,796 | 790,891 |
| Accruals and Deferred Income | -4,857 | -17,273 | -28,359 | 249,275 | 2,255 | 49,568 | -75,117 | 37,388 | 84,460 | ||||||
| Deferred Taxes & Provisions | 11,744 | -1,122 | 133 | 989 | |||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -100,000 | 100,000 | |||||||||||||
| Group/Directors Accounts | -259,680 | -218,618 | 106,944 | -97,944 | -143,498 | 352,969 | 259,827 | ||||||||
| Other Short Term Loans | -759,356 | 468,022 | -725,381 | -384,984 | -150,965 | -144,289 | 946,492 | 750,461 | |||||||
| Long term loans | -225,139 | -99,861 | -100,000 | 425,000 | |||||||||||
| Hire Purchase and Lease Commitments | -15,642 | 8,491 | -16,226 | 14,964 | 8,413 | ||||||||||
| other long term liabilities | -15,642 | -7,151 | 5,850 | -8,413 | 1,627 | 18,518 | -3,953 | 9,164 | |||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -321,199 | 187,515 | -844,727 | 974,410 | -43,534 | 22,611 | -42,527 | 74,396 | -273,351 | 147,800 | 179,558 | -125,213 | 57,627 | 65,874 | 7,499 |
| overdraft | -100,000 | 25,000 | 75,000 | ||||||||||||
| change in cash | -321,199 | 287,515 | -869,727 | 899,410 | -43,534 | 22,611 | -42,527 | 74,396 | -273,351 | 147,800 | 179,558 | -125,213 | 57,627 | 65,874 | 7,499 |
forgeco ltd Credit Report and Business Information
Forgeco Ltd Competitor Analysis
Perform a competitor analysis for forgeco ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WV14 area or any other competitors across 12 key performance metrics.
forgeco ltd Ownership
FORGECO LTD group structure
Forgeco Ltd has no subsidiary companies.
Ultimate parent company
FORGECO LTD
04226017
forgeco ltd directors
Forgeco Ltd currently has 2 directors. The longest serving directors include Mr Ranjit Dale (May 2001) and Mr Davinder Bhasin (May 2001).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ranjit Dale | England | 63 years | May 2001 | - | Director |
| Mr Davinder Bhasin | India | 67 years | May 2001 | - | Director |
P&L
April 2024turnover
3.1m
0%
operating profit
231.3k
0%
gross margin
26.8%
+11.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
2.2m
+0.08%
total assets
2.5m
-0.05%
cash
66.7k
-0.83%
net assets
Total assets minus all liabilities
forgeco ltd company details
company number
04226017
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
incorporation date
May 2001
age
24
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
-
address
swarn house meadow lane, coseley, bilston, west midlands, WV14 9NQ
Bank
-
Legal Advisor
-
forgeco ltd 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 2 charges/mortgages relating to forgeco ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
forgeco ltd 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 FORGECO LTD. This can take several minutes, an email will notify you when this has completed.
forgeco ltd Companies House Filings - See Documents
| date | description | view/download |
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