the forge project
the forge project Company Information
Group Structure
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Industry
Other social work activities without accommodation n.e.c.
Registered Address
new brumby methodist church, cottage beck rd, scunthorpe, north lincolnshire, DN16 1UB
Website
www.theforgeproject.co.ukthe forge project Estimated Valuation
Pomanda estimates the enterprise value of THE FORGE PROJECT at £72.4k based on a Turnover of £222.8k and 0.33x industry multiple (adjusted for size and gross margin).
the forge project Estimated Valuation
Pomanda estimates the enterprise value of THE FORGE PROJECT at £0 based on an EBITDA of £-11.7k and a 3.26x industry multiple (adjusted for size and gross margin).
the forge project Estimated Valuation
Pomanda estimates the enterprise value of THE FORGE PROJECT at £395.7k based on Net Assets of £126.7k and 3.12x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Forge Project Overview
The Forge Project is a live company located in scunthorpe, DN16 1UB with a Companies House number of 05549681. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in August 2005, it's largest shareholder is unknown. The Forge Project is a mature, micro sized company, Pomanda has estimated its turnover at £222.8k with declining growth in recent years.
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The Forge Project Health Check
Pomanda's financial health check has awarded The Forge Project a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £222.8k, make it smaller than the average company (£484.8k)
- The Forge Project
£484.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (6.5%)
- The Forge Project
6.5% - Industry AVG
Production
with a gross margin of 27.7%, this company has a higher cost of product (68.9%)
- The Forge Project
68.9% - Industry AVG
Profitability
an operating margin of -5.2% make it less profitable than the average company (3.5%)
- The Forge Project
3.5% - Industry AVG
Employees
with 10 employees, this is below the industry average (14)
10 - The Forge Project
14 - Industry AVG
Pay Structure
on an average salary of £25.1k, the company has an equivalent pay structure (£25.1k)
- The Forge Project
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £22.3k, this is less efficient (£39.7k)
- The Forge Project
£39.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- The Forge Project
- - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is slower than average (6 days)
- The Forge Project
6 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Forge Project
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Forge Project
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2.6%, this is a lower level of debt than the average (12.6%)
2.6% - The Forge Project
12.6% - Industry AVG
THE FORGE PROJECT financials
The Forge Project's latest turnover from March 2024 is estimated at £222.8 thousand and the company has net assets of £126.7 thousand. According to their latest financial statements, The Forge Project has 10 employees and maintains cash reserves of 0 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 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 60,682 | 46,297 | 42,540 | 91,217 | 93,303 | 110,421 | 77,510 | |||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | -24,368 | -2,101 | 455 | 32,847 | ||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Interest Receivable | 0 | 0 | 0 | 140 | 75 | 20 | 0 | |||||||||
| Pre-Tax Profit | 2,729 | -15,147 | -24,368 | -1,961 | 530 | 32,867 | -4,093 | |||||||||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Profit After Tax | 2,729 | -15,147 | -24,368 | -1,961 | 530 | 32,867 | -4,093 | |||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Retained Profit | 2,729 | -15,147 | -24,368 | -1,961 | 530 | 32,867 | -4,093 | |||||||||
| Employee Costs | 43,521 | 35,014 | 74,465 | 69,365 | 70,423 | 19,102 | 64,767 | |||||||||
| Number Of Employees | 10 | 9 | 8 | 8 | 8 | 2 | 2 | |||||||||
| EBITDA* | -22,737 | -470 | 2,086 | 33,816 |
* 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 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 130,137 | 141,678 | 0 | 2,719 | 753 | 310 | 355 | 400 | 445 | 0 | 1 | 598 | 2,229 | 3,860 | 5,491 | 5,341 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 130,137 | 141,678 | 0 | 2,719 | 753 | 310 | 355 | 400 | 445 | 0 | 1 | 598 | 2,229 | 3,860 | 5,491 | 5,341 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 128,907 | 149,834 | 91,196 | 62,414 | 37,671 | 81,082 | 2,970 | 2,079 | 832 | 5,012 | 3,094 | 4,208 | 16,270 | 11,086 |
| Group Debtors | 0 | 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 | 454 | 0 | 0 | 1,270 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58,736 | 41,865 | 41,569 | 50,967 | 73,763 | 77,984 | 59,177 | 32,892 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 0 | 128,907 | 149,834 | 91,196 | 62,414 | 37,671 | 81,082 | 61,706 | 44,398 | 42,401 | 55,979 | 78,127 | 82,192 | 75,447 | 43,978 |
| total assets | 130,137 | 141,678 | 128,907 | 152,553 | 91,949 | 62,724 | 38,026 | 81,482 | 62,151 | 44,398 | 42,402 | 56,577 | 80,356 | 86,052 | 80,938 | 49,319 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 3,416 | 3,283 | 50,572 | 3,829 | 1,363 | 2,312 | 1,481 | 1,401 | 1,738 | 777 | 1,020 | 0 | 0 | 0 | 100 | 101 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 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 | 1,000 | 1,490 | 1,538 | 949 | 4,684 | 0 | 1,247 |
| total current liabilities | 3,416 | 3,283 | 50,572 | 3,829 | 1,363 | 2,312 | 1,481 | 1,401 | 1,738 | 1,777 | 2,510 | 1,538 | 949 | 4,684 | 100 | 1,348 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,416 | 3,283 | 50,572 | 3,829 | 1,363 | 2,312 | 1,481 | 1,401 | 1,738 | 1,777 | 2,510 | 1,538 | 949 | 4,684 | 100 | 1,348 |
| net assets | 126,721 | 138,395 | 78,335 | 148,724 | 90,586 | 60,412 | 36,545 | 80,081 | 60,413 | 42,621 | 39,892 | 55,039 | 79,407 | 81,368 | 80,838 | 47,971 |
| total shareholders funds | 126,721 | 138,395 | 78,335 | 148,724 | 90,586 | 60,412 | 36,545 | 80,081 | 60,413 | 42,621 | 39,892 | 55,039 | 79,407 | 81,368 | 80,838 | 47,971 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | -24,368 | -2,101 | 455 | 32,847 | ||||||||||||
| Depreciation | 0 | 0 | 0 | 1 | 587 | 1,631 | 1,631 | 1,631 | 969 | 899 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -128,907 | -20,927 | 58,638 | 28,782 | 24,743 | -43,411 | 78,112 | 437 | 1,701 | -4,180 | 648 | 156 | -12,062 | 5,184 | 11,086 |
| Creditors | 133 | -47,289 | 46,743 | 2,466 | -949 | 831 | 80 | -337 | 961 | -243 | 1,020 | 0 | 0 | -100 | -1 | 101 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | -490 | -48 | 589 | -3,735 | 4,684 | -1,247 | 1,247 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -22,796 | -4,361 | 18,732 | 27,384 | ||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | 0 | 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 | 0 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | 0 | 0 | 0 | 140 | 75 | 20 | 0 | |||||||||
| cash flow from financing | 0 | 0 | 0 | 140 | 75 | 20 | 52,064 | |||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -58,736 | 16,871 | 296 | -9,398 | -22,796 | -4,221 | 18,807 | 26,285 | 32,892 |
| overdraft | 0 | 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 | -58,736 | 16,871 | 296 | -9,398 | -22,796 | -4,221 | 18,807 | 26,285 | 32,892 |
the forge project Credit Report and Business Information
The Forge Project Competitor Analysis
Perform a competitor analysis for the forge project by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in DN16 area or any other competitors across 12 key performance metrics.
the forge project Ownership
THE FORGE PROJECT group structure
The Forge Project has no subsidiary companies.
Ultimate parent company
THE FORGE PROJECT
05549681
the forge project directors
The Forge Project currently has 7 directors. The longest serving directors include Mr Peter Bell (Aug 2005) and Mrs Julie Reed (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Bell | 88 years | Aug 2005 | - | Director | |
| Mrs Julie Reed | 60 years | Apr 2017 | - | Director | |
| Mr Paul Vollans | 61 years | Jul 2020 | - | Director | |
| Mr Simon Batt | 56 years | Sep 2020 | - | Director | |
| Mrs Sheila Walshe | 61 years | Jan 2021 | - | Director | |
| Ms Ruth Chittenden | England | 65 years | May 2022 | - | Director |
| Mr James Jellinek | 35 years | Sep 2023 | - | Director |
P&L
March 2024turnover
222.8k
+17%
operating profit
-11.7k
0%
gross margin
27.8%
+4.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
126.7k
-0.08%
total assets
130.1k
-0.08%
cash
0
0%
net assets
Total assets minus all liabilities
the forge project company details
company number
05549681
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
August 2005
age
20
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
the forge project limited (February 2010)
accountant
-
auditor
-
address
new brumby methodist church, cottage beck rd, scunthorpe, north lincolnshire, DN16 1UB
Bank
CO-OPERATIVE BANK PLC
Legal Advisor
-
the forge project 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 the forge project.
the forge project 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.
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the forge project Companies House Filings - See Documents
| date | description | view/download |
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