Forum Contracts Limited

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forum contracts limited Company Information

Company Number

05284032

Next Accounts

Sep 2025

Directors

Clinton Forbes

Mark Upton

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Shareholders

clinton forbes

zurab naskidashvili

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Group Structure

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Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Registered Address

5-6 hurricane way, wickford, SS11 8YR

Website

www.forumcontracts.co.uk

forum contracts limited Estimated Valuation

£7m

Pomanda estimates the enterprise value of FORUM CONTRACTS LIMITED at £7m based on a Turnover of £14.1m and 0.49x industry multiple (adjusted for size and gross margin).

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Forum Contracts Limited is a live company located in wickford, SS11 8YR with a Companies House number of 05284032. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in November 2004, it's largest shareholder is clinton forbes with a 30% stake. Forum Contracts Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Forum Contracts Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £14.1m, make it larger than the average company (£8.5m)

Growth

3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (9.3%)

EXPORT

Forum Contracts Limited's latest turnover from December 2023 is estimated at £14.1 million and the company has net assets of £693.9 thousand. According to their latest financial statements, Forum Contracts Limited has 22 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	14,121,255	7,615,195	9,379,253	3,644,582	4,285,362	6,477,768	5,889,129	4,363,253	3,267,818	6,379,347	7,459,110	7,024,576	6,947,155	8,065,713
Other Income Or Grants
Cost Of Sales	10,692,575	5,732,918	7,154,146	2,782,965	3,241,183	4,870,264	4,406,488	3,257,882	2,466,124	4,873,668	5,625,236	5,257,090	5,089,527	5,736,652
Gross Profit	3,428,680	1,882,278	2,225,107	861,617	1,044,178	1,607,504	1,482,641	1,105,370	801,695	1,505,679	1,833,875	1,767,486	1,857,628	2,329,061
Admin Expenses	2,908,829	1,811,167	1,758,775	1,002,725	946,277	1,858,646	1,377,867	787,988	785,040	1,504,738	1,837,465	1,763,627	1,861,251	2,329,377	-7,943
Operating Profit	519,851	71,111	466,332	-141,108	97,901	-251,142	104,774	317,382	16,655	941	-3,590	3,859	-3,623	-316	7,943
Interest Payable	128,329	55,120	28,283	19,680	4,385	286
Interest Receivable	1	4,119	294	103	974	2,499	2,549	1,000	1,065	383	380	309	925	1,957	1,260
Pre-Tax Profit	391,523	20,110	438,343	-160,685	94,490	-248,929	107,322	318,383	17,720	1,324	-3,210	4,168	-2,698	1,640	9,203
Tax	-97,881	-3,821	-83,285		-17,953		-20,391	-63,676	-3,544	-278		-1,000		-459	-2,577
Profit After Tax	293,642	16,289	355,058	-160,685	76,537	-248,929	86,931	254,706	14,176	1,046	-3,210	3,168	-2,698	1,181	6,626
Dividends Paid
Retained Profit	293,642	16,289	355,058	-160,685	76,537	-248,929	86,931	254,706	14,176	1,046	-3,210	3,168	-2,698	1,181	6,626
Employee Costs	1,096,656	787,605	482,947	485,463	485,517	565,063	546,115	491,714	761,072	1,409,554	1,798,961	1,761,637	1,825,672	2,226,178
Number Of Employees	22	17	11	11	11	13	13	12	19	36	47	46	49	62
EBITDA*	536,935	84,851	477,610	-131,016	109,625	-236,898	110,725	323,694	22,822	9,817	7,116	17,382	15,144	32,848	54,797

* 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	76,154	63,895	68,372	40,372	45,423	55,083	32,713	25,005	25,392	28,583	36,100	47,378	37,249	51,906	76,887
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	76,154	63,895	68,372	40,372	45,423	55,083	32,713	25,005	25,392	28,583	36,100	47,378	37,249	51,906	76,887
Stock & work in progress	3,463,524	1,798,500	1,773,160	647,427	778,484	855,715	343,870	189,306	163,670	292,668	324,181	216,783	141,515	510,095	168,684
Trade Debtors	1,279,550	574,795	1,095,794	390,459	316,737	500,807	929,272	810,163	275,792	753,188	863,779	1,025,389	1,034,426	836,872	449,670
Group Debtors
Misc Debtors	857,812	1,422,295	80,458	211,551	50,740	229,863	229,584	307,561	228,686	103,002	155,502		118,237	118,237
Cash		39	235,325		205,208	54,461	611,995	407,439	392,681	33,337	119,821	32,344	91,315	278,661	503,941
misc current assets					1,676
total current assets	5,600,886	3,795,629	3,184,737	1,249,437	1,352,845	1,640,846	2,114,721	1,714,469	1,060,829	1,182,195	1,463,283	1,274,516	1,385,493	1,743,865	1,122,295
total assets	5,677,040	3,859,524	3,253,109	1,289,809	1,398,268	1,695,929	2,147,434	1,739,474	1,086,221	1,210,778	1,499,383	1,321,894	1,422,742	1,795,771	1,199,182
Bank overdraft	219,195	213,153	60,000	173,807		8,484
Bank loan
Trade Creditors	2,095,101	1,285,869	1,650,879	484,844	692,401	1,402,164	1,229,315	749,364	698,565	1,202,223	1,483,104	1,295,827	1,417,533	1,787,864	1,192,456
Group/Directors Accounts					51,202
other short term finances	37,870	47,291	73,197	40,000	84,764
hp & lease commitments
other current liabilities	1,380,854	1,390,095	832,642	249,234	340,183	124,093	507,479	653,558	277,469
total current liabilities	3,733,020	2,936,408	2,616,718	947,885	1,168,550	1,534,741	1,736,794	1,402,922	976,034	1,202,223	1,483,104	1,295,827	1,417,533	1,787,864	1,192,456
loans	1,245,158	518,737	248,036	310,000	36,667
hp & lease commitments
Accruals and Deferred Income
other liabilities						43,458	46,458	61,457	89,798	2,342	11,112	17,690
provisions	4,924	4,083	4,348	2,975	3,417	4,633	2,156
total long term liabilities	1,250,082	522,820	252,384	312,975	40,084	48,091	48,614	61,457	89,798	2,342	11,112	17,690
total liabilities	4,983,102	3,459,228	2,869,102	1,260,860	1,208,634	1,582,832	1,785,408	1,464,379	1,065,832	1,204,565	1,494,216	1,313,517	1,417,533	1,787,864	1,192,456
net assets	693,938	400,296	384,007	28,949	189,634	113,097	362,026	275,095	20,389	6,213	5,167	8,377	5,209	7,907	6,726
total shareholders funds	693,938	400,296	384,007	28,949	189,634	113,097	362,026	275,095	20,389	6,213	5,167	8,377	5,209	7,907	6,726

	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	519,851	71,111	466,332	-141,108	97,901	-251,142	104,774	317,382	16,655	941	-3,590	3,859	-3,623	-316	7,943
Depreciation	17,084	13,740	11,278	10,092	11,724	14,244	5,951	6,312	6,167	8,876	10,706	13,523	18,767	33,164	46,854
Amortisation
Tax	-97,881	-3,821	-83,285		-17,953		-20,391	-63,676	-3,544	-278		-1,000		-459	-2,577
Stock	1,665,024	25,340	1,125,733	-131,057	-77,231	511,845	154,564	25,636	-128,998	-31,513	107,398	75,268	-368,580	341,411	168,684
Debtors	140,272	820,838	574,242	234,533	-363,193	-428,186	41,132	613,246	-351,712	-163,091	-6,108	-127,274	197,554	505,439	449,670
Creditors	809,232	-365,010	1,166,035	-207,557	-709,763	172,849	479,951	50,799	-503,658	-280,881	187,277	-121,706	-370,331	595,408	1,192,456
Accruals and Deferred Income	-9,241	557,453	583,408	-90,949	216,090	-383,386	-146,079	376,089	277,469
Deferred Taxes & Provisions	841	-265	1,373	-442	-1,216	2,477	2,156
Cash flow from operations	-565,410	-572,970	445,166	-533,440	37,207	-528,617	230,666	48,024	273,799	-76,738	93,103	-53,318	-184,161	-219,053	626,322
Investing Activities
capital expenditure	-29,343	-9,263	-39,278	-5,041	-2,064	-36,614	-13,659	-5,925	-2,976	-1,359	572	-23,652	-4,110	-8,183	-123,741
Change in Investments
cash flow from investments	-29,343	-9,263	-39,278	-5,041	-2,064	-36,614	-13,659	-5,925	-2,976	-1,359	572	-23,652	-4,110	-8,183	-123,741
Financing Activities
Bank loans
Group/Directors Accounts				-51,202	51,202
Other Short Term Loans	-9,421	-25,906	33,197	-44,764	84,764
Long term loans	726,421	270,701	-61,964	273,333	36,667
Hire Purchase and Lease Commitments
other long term liabilities					-43,458	-3,000	-14,999	-28,341	87,456	-8,770	-6,578	17,690
share issue															100
interest	-128,328	-51,001	-27,989	-19,577	-3,411	2,213	2,549	1,000	1,065	383	380	309	925	1,957	1,260
cash flow from financing	588,672	193,794	-56,756	157,790	125,764	-787	-12,450	-27,341	88,521	-8,387	-6,198	17,999	925	1,957	1,360
cash and cash equivalents
cash	-39	-235,286	235,325	-205,208	150,747	-557,534	204,556	14,758	359,344	-86,484	87,477	-58,971	-187,346	-225,280	503,941
overdraft	6,042	153,153	-113,807	173,807	-8,484	8,484
change in cash	-6,081	-388,439	349,132	-379,015	159,231	-566,018	204,556	14,758	359,344	-86,484	87,477	-58,971	-187,346	-225,280	503,941

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FORUM CONTRACTS LIMITED group structure

Forum Contracts Limited has no subsidiary companies.

Ultimate parent company

FORUM CONTRACTS LIMITED

05284032

FORUM CONTRACTS LIMITED Shareholders

clinton forbes	30%
zurab naskidashvili	30%
mark upton	25%
britta kjerkegaard	5%
sandra forbes	5%
edward forbes	5%

Forum Contracts Limited currently has 3 directors. The longest serving directors include Mr Clinton Forbes (Aug 2021) and Mr Mark Upton (Jan 2024).

officer	country	age	start	end	role
Mr Clinton Forbes	England	63 years	Aug 2021	-	Director
Mr Mark Upton	England	56 years	Jan 2024	-	Director
Mr Stephen Horner	England	44 years	Feb 2025	-	Director

P&L

December 2023

turnover

14.1m

+85%

operating profit

519.9k

gross margin

24.3%

-1.77%

turnover

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

Balance Sheet

December 2023

net assets

693.9k

+0.73%

total assets

5.7m

+0.47%

cash

-1%

net assets

Total assets minus all liabilities

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company number

05284032

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

November 2004

ultimate parent company

None

previous names

N/A

address

5-6 hurricane way, wickford, SS11 8YR

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.

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forum contracts limited Company Information

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forum contracts limited Estimated Valuation

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