The Virtual Forge Limited

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the virtual forge limited Company Information

Company Number

07402012

Next Accounts

Sep 2025

Directors

Garrett Doyle

Matthew Wicks

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Shareholders

matthew paul wicks

garrett doyle

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Group Structure

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Industry

Business and domestic software development

Registered Address

studio 1, the glove factory, brook lane, holt, trowbridge, BA14 6RL

Website

www.thevirtualforge.com

the virtual forge limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of THE VIRTUAL FORGE LIMITED at £3.7m based on an EBITDA of £639.6k and a 5.77x industry multiple (adjusted for size and gross margin).

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The Virtual Forge Limited is a live company located in holt, BA14 6RL with a Companies House number of 07402012. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2010, it's largest shareholder is matthew paul wicks with a 37.7% stake. The Virtual Forge Limited is a established, small sized company, Pomanda has estimated its turnover at £3.8m with low growth in recent years.

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Pomanda's financial health check has awarded The Virtual Forge Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

6 Regular

3 Weak

Size

annual sales of £3.8m, make it in line with the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (10.2%)

EXPORT

The Virtual Forge Limited's latest turnover from December 2023 is estimated at £3.8 million and the company has net assets of £496.2 thousand. According to their latest financial statements, The Virtual Forge Limited has 39 employees and maintains cash reserves of £500.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Turnover	3,778,180	3,917,386	4,458,211	4,114,533	3,571,652	2,140,572	2,131,410	1,331,758	274,727	319,681	1,948,941	503,083	410,330	64,632
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,050,778	1,102,579	1,199,930	1,109,846	972,737	556,165	538,028	347,357	69,794	79,455	509,042	124,283	98,855	16,093
Gross Profit	2,727,402	2,814,807	3,258,281	3,004,687	2,598,915	1,584,406	1,593,382	984,401	204,933	240,225	1,439,899	378,800	311,475	48,539
Admin Expenses	2,197,194	3,251,034	3,495,708	2,736,611	2,616,889	1,566,576	1,407,262	490,058	159,906	274,704	1,572,715	371,758	361,820	111,419
Operating Profit	530,208	-436,227	-237,427	268,076	-17,974	17,830	186,120	494,343	45,027	-34,479	-132,816	7,042	-50,345	-62,880
Interest Payable	3,938	4,275	3,781	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,468	5,047	3,379	248	177	276	74	27	29	16	8	7	3	1
Pre-Tax Profit	541,739	-435,455	-237,829	266,799	-17,797	18,106	186,194	494,370	45,056	-34,463	-132,808	7,049	-50,342	-62,879
Tax	-135,435	0	0	-50,692	0	-3,440	-35,377	-93,930	-9,011	0	0	-1,621	0	0
Profit After Tax	406,304	-435,455	-237,829	216,107	-17,797	14,666	150,817	400,440	36,045	-34,463	-132,808	5,428	-50,342	-62,879
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	406,304	-435,455	-237,829	216,107	-17,797	14,666	150,817	400,440	36,045	-34,463	-132,808	5,428	-50,342	-62,879
Employee Costs	2,817,056	2,717,143	2,392,729	2,143,635	1,842,000	1,925,177	1,298,516	858,079	162,789	160,225	1,018,543	256,826	260,805	50,422
Number Of Employees	39	40	38	37	33	33	22	15	3	3	19	5	5	1
EBITDA*	639,606	-402,618	-64,896	403,626	110,488	107,616	269,875	495,879	45,027	-32,072	-132,816	11,584	-48,128	-59,004

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Tangible Assets	14,897	19,249	19,059	23,654	22,430	25,009	12,755	8,995	0	3,379	2,517	3,289	5,514	7,731
Intangible Assets	303,850	376,340	388,113	394,658	342,373	430,822	329,903	390,295	0	0	0	0	0	0
Investments & Other	110,269	109,484	109,484	2,243	2,243	2,243	1,510	1,510	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
Total Fixed Assets	429,016	505,073	516,656	420,555	367,046	458,074	344,168	400,800	0	3,379	2,517	3,289	5,514	7,731
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	564,252	666,141	917,148	854,476	776,315	270,190	404,552	248,807	51,026	47,918	349,878	82,950	67,193	8,880
Group Debtors	439,267	298,316	387,451	441,290	452,944	275,799	107,244	1,114	0	0	0	0	0	0
Misc Debtors	47,403	701,636	649,624	575,413	438,211	408,810	356,072	127,620	0	0	0	0	0	0
Cash	500,189	89,075	101,037	199,316	296,031	57,074	16,576	3,174	18,655	4,866	1,350	1,935	816	390
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,551,111	1,755,168	2,055,260	2,070,495	1,963,501	1,011,873	884,444	380,715	69,681	52,784	351,228	84,885	68,009	9,270
total assets	1,980,127	2,260,241	2,571,916	2,491,050	2,330,547	1,469,947	1,228,612	781,515	69,681	56,163	353,745	88,174	73,523	17,001
Bank overdraft	10,000	8,333	8,332	8,333	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	165,176	132,939	138,352	205,634	461,675	310,915	416,370	58,213	50,280	331,127	594,246	195,867	186,644	79,780
Group/Directors Accounts	41,275	207,122	202,516	132,339	185,825	113,534	50,084	53,093	0	0	0	0	0	0
other short term finances	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
other current liabilities	1,243,788	1,790,321	1,901,897	1,577,763	1,373,840	718,494	449,820	508,688	258,320	0	0	0	0	0
total current liabilities	1,460,239	2,138,715	2,251,097	1,924,069	2,021,340	1,142,943	916,274	619,994	308,600	331,127	594,246	195,867	186,644	79,780
loans	20,000	31,667	33,334	41,667	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
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	0	0	0	0	0	0
provisions	3,725	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	23,725	31,667	33,334	41,667	0	0	0	0	0	0	0	0	0	0
total liabilities	1,483,964	2,170,382	2,284,431	1,965,736	2,021,340	1,142,943	916,274	619,994	308,600	331,127	594,246	195,867	186,644	79,780
net assets	496,163	89,859	287,485	525,314	309,207	327,004	312,338	161,521	-238,919	-274,964	-240,501	-107,693	-113,121	-62,779
total shareholders funds	496,163	89,859	287,485	525,314	309,207	327,004	312,338	161,521	-238,919	-274,964	-240,501	-107,693	-113,121	-62,779

	Dec 2023	Dec 2022	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011
Operating Activities
Operating Profit	530,208	-436,227	-237,427	268,076	-17,974	17,830	186,120	494,343	45,027	-34,479	-132,816	7,042	-50,345	-62,880
Depreciation	8,660	1,809	12,439	10,854	9,808	7,727	3,363	1,536	0	2,407	0	4,542	2,217	3,876
Amortisation	100,738	31,800	160,092	124,696	118,654	82,059	80,392	0	0	0	0	0	0	0
Tax	-135,435	0	0	-50,692	0	-3,440	-35,377	-93,930	-9,011	0	0	-1,621	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-615,171	-205,086	83,044	203,709	712,671	86,931	490,327	326,515	3,108	-301,960	266,928	15,757	58,313	8,880
Creditors	32,237	-72,695	-67,282	-256,041	150,760	-105,455	358,157	7,933	-280,847	-263,119	398,379	9,223	106,864	79,780
Accruals and Deferred Income	-546,533	212,558	324,134	203,923	655,346	268,674	-58,868	250,368	258,320	0	0	0	0	0
Deferred Taxes & Provisions	3,725	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	608,771	-57,669	108,912	97,107	203,923	180,464	43,460	333,735	10,381	6,769	-1,365	3,429	423	11,896
Investing Activities
capital expenditure	-32,556	-10,886	-161,391	-189,059	-37,434	-202,959	-27,123	-400,826	3,379	-3,269	772	-2,317	0	-11,607
Change in Investments	785	107,241	107,241	0	0	733	0	1,510	0	0	0	0	0	0
cash flow from investments	-33,341	-118,127	-268,632	-189,059	-37,434	-203,692	-27,123	-402,336	3,379	-3,269	772	-2,317	0	-11,607
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-165,847	74,783	70,177	-53,486	72,291	63,450	-3,009	53,093	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-11,667	-10,000	-8,333	41,667	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	11,530	772	-402	-1,277	177	276	74	27	29	16	8	7	3	1
cash flow from financing	-165,984	65,555	61,442	-13,096	72,468	63,726	-2,935	53,120	29	16	8	7	3	101
cash and cash equivalents
cash	411,114	-110,241	-98,279	-96,715	238,957	40,498	13,402	-15,481	13,789	3,516	-585	1,119	426	390
overdraft	1,667	0	-1	8,333	0	0	0	0	0	0	0	0	0	0
change in cash	409,447	-110,241	-98,278	-105,048	238,957	40,498	13,402	-15,481	13,789	3,516	-585	1,119	426	390

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE VIRTUAL FORGE LIMITED group structure

The Virtual Forge Limited has no subsidiary companies.

Ultimate parent company

THE VIRTUAL FORGE LIMITED

07402012

THE VIRTUAL FORGE LIMITED Shareholders

matthew paul wicks	37.65%
garrett doyle	37.64%
victoria heuerman	10.4%
matthew sanson	7.16%
anita kelly	1%
michael stokes	1%
christian backlund	1%
ivo rodrigues	1%
eduardo rocha	0.4%
danielle volz	0.4%

The Virtual Forge Limited currently has 8 directors. The longest serving directors include Mr Garrett Doyle (Oct 2010) and Mr Matthew Wicks (Oct 2010).

officer	country	age	start	end	role
Mr Garrett Doyle	England	53 years	Oct 2010	-	Director
Mr Matthew Wicks	England	56 years	Oct 2010	-	Director
Mr Matthew Sanson	England	43 years	Oct 2020	-	Director
Ms Victoria Heuerman	England	54 years	Oct 2020	-	Director
Mr Lars Backlund	England	42 years	May 2021	-	Director
Mrs Anita Kelly	England	53 years	May 2021	-	Director
Mr Michael Stokes	England	48 years	May 2021	-	Director
Mr Ivo Rodrigues	England	45 years	May 2021	-	Director

P&L

December 2023

turnover

3.8m

-4%

operating profit

530.2k

gross margin

72.2%

+0.46%

turnover

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

Balance Sheet

December 2023

net assets

496.2k

+4.52%

total assets

-0.12%

cash

500.2k

+4.62%

net assets

Total assets minus all liabilities

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company number

07402012

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

October 2010

ultimate parent company

None

previous names

N/A

address

studio 1, the glove factory, brook lane, holt, trowbridge, BA14 6RL

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 the virtual forge limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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the virtual forge limited Company Information

the virtual forge limited Estimated Valuation

the virtual forge limited Estimated Valuation

the virtual forge limited Estimated Valuation

The Virtual Forge Limited Overview

The Virtual Forge Limited Health Check

THE VIRTUAL FORGE LIMITED financials

the virtual forge limited Credit Report and Business Information

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