forte securities limited
forte securities limited Company Information
Company Number
06498357
Website
www.fortesecurities.comRegistered Address
4th floor 36 golden square, london, W1F 9EE
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02070994950
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
fadi kassis 100%
forte securities limited Estimated Valuation
Pomanda estimates the enterprise value of FORTE SECURITIES LIMITED at £78.8m based on a Turnover of £28m and 2.81x industry multiple (adjusted for size and gross margin).
forte securities limited Estimated Valuation
Pomanda estimates the enterprise value of FORTE SECURITIES LIMITED at £73.4m based on an EBITDA of £6.5m and a 11.28x industry multiple (adjusted for size and gross margin).
forte securities limited Estimated Valuation
Pomanda estimates the enterprise value of FORTE SECURITIES LIMITED at £24.1m based on Net Assets of £12m and 2.01x industry multiple (adjusted for liquidity).
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Forte Securities Limited Overview
Forte Securities Limited is a live company located in london, W1F 9EE with a Companies House number of 06498357. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 2008, it's largest shareholder is fadi kassis with a 100% stake. Forte Securities Limited is a established, large sized company, Pomanda has estimated its turnover at £28m with rapid growth in recent years.
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Forte Securities Limited Health Check
Pomanda's financial health check has awarded Forte Securities Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £28m, make it larger than the average company (£4.2m)
£28m - Forte Securities Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (4.1%)
71% - Forte Securities Limited
4.1% - Industry AVG
Production
with a gross margin of 83.1%, this company has a lower cost of product (60.6%)
83.1% - Forte Securities Limited
60.6% - Industry AVG
Profitability
an operating margin of 23.1% make it more profitable than the average company (10.2%)
23.1% - Forte Securities Limited
10.2% - Industry AVG
Employees
with 23 employees, this is above the industry average (13)
23 - Forte Securities Limited
13 - Industry AVG
Pay Structure
on an average salary of £314.2k, the company has a higher pay structure (£73.9k)
£314.2k - Forte Securities Limited
£73.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£206.5k)
£1.2m - Forte Securities Limited
£206.5k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is later than average (31 days)
106 days - Forte Securities Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 854 days, this is slower than average (37 days)
854 days - Forte Securities Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Forte Securities Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (39 weeks)
49 weeks - Forte Securities Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.9%, this is a higher level of debt than the average (57.4%)
76.9% - Forte Securities Limited
57.4% - Industry AVG
FORTE SECURITIES LIMITED financials
Forte Securities Limited's latest turnover from June 2023 is £28 million and the company has net assets of £12 million. According to their latest financial statements, Forte Securities Limited has 23 employees and maintains cash reserves of £32.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,049,700 | 11,584,145 | 7,105,927 | 5,584,950 | 6,870,788 | 4,692,588 | 5,889,927 | 9,126,009 | 8,897,771 | 8,857,369 | 5,666,465 | 3,314,694 | 3,096,515 | 2,991,481 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,730,026 | 3,519,227 | 3,371,008 | 2,947,423 | 3,733,015 | 3,423,131 | 3,351,857 | 5,148,990 | 4,830,197 | 2,659,187 | 1,140,500 | 2,372,128 | 2,163,764 | 1,997,177 |
| Gross Profit | 23,319,674 | 8,064,918 | 3,734,919 | 2,637,527 | 3,137,773 | 1,269,457 | 2,538,070 | 3,977,019 | 4,067,574 | 6,198,182 | 4,525,965 | 942,566 | 932,751 | 994,304 |
| Admin Expenses | 16,831,600 | 6,081,741 | 3,693,964 | 2,665,546 | 1,602,830 | 1,640,533 | 1,365,060 | 1,593,371 | 1,237,543 | 1,292,174 | 932,319 | 712,644 | 770,788 | 599,781 |
| Operating Profit | 6,488,074 | 1,983,177 | 40,955 | -28,019 | 1,534,943 | -371,076 | 1,173,010 | 2,383,648 | 2,830,031 | 4,906,008 | 3,593,646 | 229,922 | 161,963 | 394,523 |
| Interest Payable | 262,147 | 147,462 | 138,066 | 37,803 | 34,422 | 96,705 | 118,188 | 159,471 | 52,172 | 24,011 | 8,162 | 8,592 | 9,944 | 9,218 |
| Interest Receivable | 173,539 | 3,383 | 2,833 | 251,112 | 698 | 14,075 | 605 | 25,058 | 31,283 | 12,627 | 849 | 4,890 | 7,809 | 1,066 |
| Pre-Tax Profit | 6,399,466 | 1,833,465 | 1,080,427 | 185,290 | 1,639,509 | -299,442 | 1,066,744 | 2,409,349 | 3,014,759 | 5,400,043 | 3,927,209 | 276,811 | 159,828 | 386,371 |
| Tax | -1,374,070 | 113,779 | -24,364 | 124,473 | -327,489 | 70,584 | -47,715 | -158,697 | 57,654 | -165,830 | -115,963 | -47,784 | -42,333 | -105,500 |
| Profit After Tax | 5,025,396 | 1,947,244 | 1,056,063 | 309,763 | 1,312,020 | -228,858 | 1,019,029 | 2,250,652 | 3,072,413 | 5,234,213 | 3,811,246 | 229,027 | 117,495 | 280,871 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,250,000 | 32,500 | 40,000 | 39,000 | 39,000 | 55,000 |
| Retained Profit | 5,025,396 | 1,947,244 | 1,056,063 | 309,763 | 1,312,020 | -228,858 | 1,019,029 | 812,660 | 1,822,413 | 696,517 | 415,291 | 190,027 | 78,495 | 225,871 |
| Employee Costs | 7,225,993 | 3,348,597 | 1,245,187 | 1,082,064 | 749,626 | 544,756 | 454,114 | 712,441 | 489,752 | 383,788 | 395,569 | 228,200 | 373,230 | |
| Number Of Employees | 23 | 16 | 11 | 11 | 9 | 9 | 9 | 9 | 6 | 5 | 4 | 3 | 3 | |
| EBITDA* | 6,503,787 | 1,998,885 | 51,065 | -22,224 | 1,552,684 | -327,714 | 1,217,346 | 2,433,958 | 2,863,480 | 4,931,779 | 3,625,360 | 262,448 | 202,495 | 470,970 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 93,536 | 86,665 | 32,358 | 40,440 | 15,397 | 59,929 | 99,332 | 135,498 | 136,463 | 31,624 | 31,970 | 53,897 | 63,943 | 87,999 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 8,710,905 | 634,542 | 1,333,929 | 572,507 | 125,940 | 125,939 | 255,538 | 171,721 | 83,155 | 29,198 | 26,698 | 300 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 152,000 | 152,000 | 152,000 | 152,000 | 12,222 | 158,465 | 268,174 | 299,500 | 218,250 | 52,000 | 52,000 | 52,000 | 52,000 |
| Total Fixed Assets | 8,804,441 | 873,207 | 1,518,287 | 764,947 | 293,337 | 198,090 | 513,335 | 575,393 | 519,118 | 279,072 | 110,668 | 106,197 | 115,943 | 139,999 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,210,314 | 7,660,724 | 4,783,555 | 5,550,744 | 5,146,909 | 2,320,332 | 2,652,227 | 3,465,347 | 2,469,458 | 1,545,031 | 1,586,128 | 798,788 | 309,872 | 320,077 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,745,027 | 821,513 | 514,753 | 626,859 | 505,651 | 877,947 | 513,148 | 333,265 | 338,336 | 206,175 | 117,210 | 77,334 | 90,874 | 83,226 |
| Cash | 32,233,729 | 32,687,304 | 14,406,625 | 10,092,806 | 4,876,963 | 6,155,096 | 3,634,563 | 3,395,606 | 2,615,356 | 3,624,620 | 1,760,449 | 1,109,545 | 634,695 | 641,817 |
| misc current assets | 0 | 0 | 0 | 0 | 294,222 | 0 | 78,082 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 43,189,070 | 41,169,541 | 19,704,933 | 16,270,409 | 10,823,745 | 9,353,375 | 6,878,020 | 7,194,218 | 5,423,150 | 5,375,826 | 3,463,787 | 1,985,667 | 1,035,441 | 1,045,120 |
| total assets | 51,993,511 | 42,042,748 | 21,223,220 | 17,035,356 | 11,117,082 | 9,551,465 | 7,391,355 | 7,769,611 | 5,942,268 | 5,654,898 | 3,574,455 | 2,091,864 | 1,151,384 | 1,185,119 |
| Bank overdraft | 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 |
| Trade Creditors | 11,077,584 | 12,528,081 | 6,183,570 | 6,111,808 | 6,072,377 | 5,546,495 | 3,047,746 | 3,756,670 | 2,935,791 | 1,465,966 | 846,919 | 862,655 | 263,826 | 253,155 |
| Group/Directors Accounts | 988,286 | 210,730 | 0 | 84,705 | 61,135 | 312,398 | 420,211 | 219,526 | 754,805 | 1,834,480 | 1,161,157 | 67,376 | 0 | 0 |
| other short term finances | 8,928,103 | 15,307,684 | 8,134,446 | 5,566,255 | 0 | 125,726 | 227,936 | 40,000 | 40,000 | 40,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,986,881 | 6,923,445 | 1,780,618 | 1,205,253 | 992,402 | 889,897 | 604,996 | 1,318,963 | 542,458 | 375,227 | 348,671 | 359,416 | 272,468 | 395,369 |
| total current liabilities | 33,980,854 | 34,969,940 | 16,098,634 | 12,968,021 | 7,125,914 | 6,874,516 | 4,300,889 | 5,335,159 | 4,273,054 | 3,715,673 | 2,356,747 | 1,289,447 | 536,294 | 648,524 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 934,562 | 1,297,578 | 120,000 | 160,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,250,000 | 0 | 135,000 | 135,000 | 135,000 | 135,000 |
| provisions | 5,989,569 | 75,116 | 74,138 | 72,950 | 77,199 | 75,000 | 75,000 | 75,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,989,569 | 75,116 | 74,138 | 72,950 | 77,199 | 75,000 | 1,009,562 | 1,372,578 | 1,420,000 | 160,000 | 135,000 | 135,000 | 135,000 | 135,000 |
| total liabilities | 39,970,423 | 35,045,056 | 16,172,772 | 13,040,971 | 7,203,113 | 6,949,516 | 5,310,451 | 6,707,737 | 5,693,054 | 3,875,673 | 2,491,747 | 1,424,447 | 671,294 | 783,524 |
| net assets | 12,023,088 | 6,997,692 | 5,050,448 | 3,994,385 | 3,913,969 | 2,601,949 | 2,080,904 | 1,061,874 | 249,214 | 1,779,225 | 1,082,708 | 667,417 | 480,090 | 401,595 |
| total shareholders funds | 12,023,088 | 6,997,692 | 5,050,448 | 3,994,385 | 3,913,969 | 2,601,949 | 2,080,904 | 1,061,874 | 249,214 | 1,779,225 | 1,082,708 | 667,417 | 480,090 | 401,595 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 6,488,074 | 1,983,177 | 40,955 | -28,019 | 1,534,943 | -371,076 | 1,173,010 | 2,383,648 | 2,830,031 | 4,906,008 | 3,593,646 | 229,922 | 161,963 | 394,523 |
| Depreciation | 15,713 | 15,708 | 10,110 | 5,795 | 17,741 | 43,362 | 44,336 | 50,310 | 33,449 | 25,771 | 31,714 | 32,526 | 40,532 | 76,447 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,374,070 | 113,779 | -24,364 | 124,473 | -327,489 | 70,584 | -47,715 | -158,697 | 57,654 | -165,830 | -115,963 | -47,784 | -42,333 | -105,500 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,321,104 | 3,183,929 | -879,295 | 525,043 | 2,594,059 | -113,339 | -742,946 | 959,492 | 1,137,838 | 214,118 | 827,216 | 475,376 | -2,557 | 455,303 |
| Creditors | -1,450,497 | 6,344,511 | 71,762 | 39,431 | 525,882 | 2,498,749 | -708,924 | 820,879 | 1,469,825 | 619,047 | -15,736 | 598,829 | 10,671 | 253,155 |
| Accruals and Deferred Income | 6,063,436 | 5,142,827 | 575,365 | 212,851 | 102,505 | 284,901 | -713,967 | 776,505 | 167,231 | 26,556 | -10,745 | 86,948 | -122,901 | 395,369 |
| Deferred Taxes & Provisions | 5,914,453 | 978 | 1,188 | -4,249 | 2,199 | 0 | 0 | 25,000 | 50,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 13,336,005 | 10,417,051 | 1,554,311 | -174,761 | -738,278 | 2,639,859 | 489,686 | 2,938,153 | 3,470,352 | 5,197,434 | 2,655,700 | 425,065 | 50,489 | 558,691 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -299,365 | 188,228 | 465,931 | 22,203 | -198,376 | -27,925 | -9,732 | -22,480 | -21,682 | |
| Change in Investments | 8,076,363 | -699,387 | 761,422 | 446,567 | 1 | -129,599 | 83,817 | 88,566 | 53,957 | 2,500 | 26,398 | 300 | 0 | 0 |
| cash flow from investments | -8,076,363 | 699,387 | -761,422 | -446,567 | -299,366 | 317,827 | 382,114 | -66,363 | -252,333 | -30,425 | -36,130 | -22,780 | -21,682 | |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 777,556 | 210,730 | -84,705 | 23,570 | -251,263 | -107,813 | 200,685 | -535,279 | -1,079,675 | 673,323 | 1,093,781 | 67,376 | 0 | 0 |
| Other Short Term Loans | -6,379,581 | 7,173,238 | 2,568,191 | 5,566,255 | -125,726 | -102,210 | 187,936 | 0 | 0 | 40,000 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -934,562 | -363,016 | 1,177,578 | -40,000 | 160,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 | -1,250,000 | 1,250,000 | -135,000 | 0 | 0 | 0 | 135,000 |
| share issue | ||||||||||||||
| interest | -88,608 | -144,079 | -135,233 | 213,309 | -33,724 | -82,630 | -117,583 | -134,413 | -20,889 | -11,384 | -7,313 | -3,702 | -2,135 | -8,152 |
| cash flow from financing | -5,690,633 | 7,239,889 | 2,348,253 | 5,573,787 | -410,713 | -477,312 | -91,977 | -742,114 | -3,242,988 | 726,939 | 1,086,468 | 60,974 | -2,135 | 302,572 |
| cash and cash equivalents | ||||||||||||||
| cash | -453,575 | 18,280,679 | 4,313,819 | 5,215,843 | -1,278,133 | 2,520,533 | 238,957 | 780,250 | -1,009,264 | 1,864,171 | 650,904 | 474,850 | -7,122 | 641,817 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -453,575 | 18,280,679 | 4,313,819 | 5,215,843 | -1,278,133 | 2,520,533 | 238,957 | 780,250 | -1,009,264 | 1,864,171 | 650,904 | 474,850 | -7,122 | 641,817 |
forte securities limited Credit Report and Business Information
Forte Securities Limited Competitor Analysis
Perform a competitor analysis for forte securities limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in W1F area or any other competitors across 12 key performance metrics.
forte securities limited Ownership
FORTE SECURITIES LIMITED group structure
Forte Securities Limited has no subsidiary companies.
Ultimate parent company
FORTE SECURITIES LIMITED
06498357
forte securities limited directors
Forte Securities Limited currently has 3 directors. The longest serving directors include Mr Fadi Kassis (Feb 2008) and Mr Steven Seman (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Fadi Kassis | England | 45 years | Feb 2008 | - | Director |
| Mr Steven Seman | England | 50 years | Jul 2014 | - | Director |
| Mr Marco Bach | England | 48 years | Jul 2014 | - | Director |
P&L
June 2023turnover
28m
+142%
operating profit
6.5m
+227%
gross margin
83.2%
+19.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
12m
+0.72%
total assets
52m
+0.24%
cash
32.2m
-0.01%
net assets
Total assets minus all liabilities
forte securities limited company details
company number
06498357
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
February 2008
age
16
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
BEEVER AND TRUTHERS
address
4th floor 36 golden square, london, W1F 9EE
Bank
-
Legal Advisor
-
forte securities 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 5 charges/mortgages relating to forte securities limited. Currently there are 3 open charges and 2 have been satisfied in the past.
forte securities limited Companies House Filings - See Documents
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