forgeway holdings ltd
forgeway holdings ltd Company Information
Company Number
10812782
Next Accounts
Sep 2025
Shareholders
roderick buckley
glen buckley
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
forgeway collett way, newton abbot, TQ12 4PH
Website
forgeway.comforgeway holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of FORGEWAY HOLDINGS LTD at £17.3m based on a Turnover of £14.3m and 1.21x industry multiple (adjusted for size and gross margin).
forgeway holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of FORGEWAY HOLDINGS LTD at £4.4m based on an EBITDA of £864.9k and a 5.03x industry multiple (adjusted for size and gross margin).
forgeway holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of FORGEWAY HOLDINGS LTD at £2.9m based on Net Assets of £2.2m and 1.34x industry multiple (adjusted for liquidity).
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Forgeway Holdings Ltd Overview
Forgeway Holdings Ltd is a live company located in newton abbot, TQ12 4PH with a Companies House number of 10812782. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2017, it's largest shareholder is roderick buckley with a 42.3% stake. Forgeway Holdings Ltd is a young, mid sized company, Pomanda has estimated its turnover at £14.3m with high growth in recent years.
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Forgeway Holdings Ltd Health Check
Pomanda's financial health check has awarded Forgeway Holdings Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £14.3m, make it smaller than the average company (£18.9m)
£14.3m - Forgeway Holdings Ltd
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.6%)
15% - Forgeway Holdings Ltd
10.6% - Industry AVG
Production
with a gross margin of 22.4%, this company has a higher cost of product (36.4%)
22.4% - Forgeway Holdings Ltd
36.4% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (4.5%)
0.5% - Forgeway Holdings Ltd
4.5% - Industry AVG
Employees
with 66 employees, this is below the industry average (104)
66 - Forgeway Holdings Ltd
104 - Industry AVG
Pay Structure
on an average salary of £36.3k, the company has an equivalent pay structure (£44.7k)
£36.3k - Forgeway Holdings Ltd
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £216.5k, this is equally as efficient (£191.4k)
£216.5k - Forgeway Holdings Ltd
£191.4k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (45 days)
8 days - Forgeway Holdings Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (44 days)
58 days - Forgeway Holdings Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 51 days, this is more than average (40 days)
51 days - Forgeway Holdings Ltd
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (14 weeks)
7 weeks - Forgeway Holdings Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.6%, this is a similar level of debt than the average (69.6%)
75.6% - Forgeway Holdings Ltd
69.6% - Industry AVG
FORGEWAY HOLDINGS LTD financials
Forgeway Holdings Ltd's latest turnover from December 2023 is £14.3 million and the company has net assets of £2.2 million. According to their latest financial statements, Forgeway Holdings Ltd has 66 employees and maintains cash reserves of £749.6 thousand 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 14,290,250 | 14,646,770 | 12,596,683 | 9,375,052 | 10,951,838 | 12,890,339 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 11,083,196 | 11,471,746 | 9,655,945 | 6,878,018 | 8,095,857 | 10,282,906 | |
| Gross Profit | 3,207,054 | 3,175,024 | 2,940,738 | 2,497,034 | 2,855,981 | 2,607,433 | |
| Admin Expenses | 3,132,793 | 2,828,767 | 2,428,609 | 2,221,883 | 2,350,246 | 2,079,783 | |
| Operating Profit | 74,261 | 346,257 | 512,129 | 275,151 | 505,735 | 527,650 | |
| Interest Payable | 114,566 | 64,433 | 51,802 | 44,192 | 57,739 | 65,361 | |
| Interest Receivable | 17,276 | 2,258 | 156 | 5,592 | 2,777 | 0 | |
| Pre-Tax Profit | -23,029 | 284,082 | 460,483 | 236,551 | 450,773 | 462,289 | |
| Tax | -25,000 | 0 | -122,874 | -50,661 | -83,084 | -105,000 | |
| Profit After Tax | -48,029 | 284,082 | 337,609 | 185,890 | 367,689 | 357,289 | |
| Dividends Paid | 104,500 | 112,000 | 0 | 0 | 36,626 | 0 | |
| Retained Profit | -152,529 | 172,082 | 337,609 | 185,890 | 331,063 | 357,289 | |
| Employee Costs | 2,398,589 | 2,100,395 | 1,790,679 | 1,594,844 | 1,614,533 | 1,375,725 | |
| Number Of Employees | 66 | 61 | 62 | 56 | 55 | 49 | |
| EBITDA* | 864,930 | 1,070,000 | 1,197,718 | 969,599 | 1,255,625 | 1,268,937 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,706,796 | 2,846,076 | 2,453,851 | 2,100,266 | 1,038,184 | 1,261,768 | 0 |
| Intangible Assets | 939,255 | 1,358,200 | 1,777,145 | 2,196,090 | 2,615,035 | 3,033,981 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 4,012,185 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,646,051 | 4,204,276 | 4,230,996 | 4,296,356 | 3,653,219 | 4,295,749 | 4,012,185 |
| Stock & work in progress | 1,549,002 | 1,183,695 | 1,434,047 | 856,559 | 734,265 | 829,051 | 0 |
| Trade Debtors | 338,306 | 230,649 | 127,092 | 150,940 | 97,575 | 162,425 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,523,744 | 3,328,049 | 2,871,693 | 1,865,152 | 1,836,808 | 2,282,618 | 0 |
| Cash | 749,632 | 681,448 | 1,109,124 | 1,234,637 | 591,458 | 5,934 | 94 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,160,684 | 5,423,841 | 5,541,956 | 4,107,288 | 3,260,106 | 3,280,028 | 94 |
| total assets | 8,806,735 | 9,628,117 | 9,772,952 | 8,403,644 | 6,913,325 | 7,575,777 | 4,012,279 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 16,698 | 0 |
| Bank loan | 1,125,800 | 325,912 | 432,817 | 182,992 | 153,173 | 0 | 12,000 |
| Trade Creditors | 1,785,548 | 1,737,849 | 2,037,938 | 1,458,150 | 1,215,415 | 1,310,216 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 83,114 |
| other short term finances | 462,000 | 462,000 | 462,000 | 12,000 | 12,000 | 83,589 | 0 |
| hp & lease commitments | 234,119 | 274,072 | 145,090 | 187,528 | 207,461 | 227,919 | 0 |
| other current liabilities | 1,643,955 | 2,491,630 | 2,310,002 | 2,257,550 | 1,028,438 | 1,293,058 | 564,223 |
| total current liabilities | 5,251,422 | 5,291,463 | 5,387,847 | 4,098,220 | 2,616,487 | 2,931,480 | 659,337 |
| loans | 1,043,550 | 1,502,650 | 1,840,563 | 2,273,235 | 2,418,230 | 3,281,946 | 2,453,550 |
| hp & lease commitments | 136,298 | 331,010 | 213,630 | 161,886 | 209,195 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 224,000 | 199,000 | 199,000 | 76,000 | 61,000 | 85,000 | 0 |
| total long term liabilities | 1,403,848 | 2,032,660 | 2,253,193 | 2,511,121 | 2,688,425 | 3,366,946 | 2,453,550 |
| total liabilities | 6,655,270 | 7,324,123 | 7,641,040 | 6,609,341 | 5,304,912 | 6,298,426 | 3,112,887 |
| net assets | 2,151,465 | 2,303,994 | 2,131,912 | 1,794,303 | 1,608,413 | 1,277,351 | 899,392 |
| total shareholders funds | 2,151,465 | 2,303,994 | 2,131,912 | 1,794,303 | 1,608,413 | 1,277,351 | 899,392 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 74,261 | 346,257 | 512,129 | 275,151 | 505,735 | 527,650 | |
| Depreciation | 371,724 | 304,798 | 266,644 | 275,503 | 330,945 | 322,342 | 0 |
| Amortisation | 418,945 | 418,945 | 418,945 | 418,945 | 418,945 | 418,945 | 0 |
| Tax | -25,000 | 0 | -122,874 | -50,661 | -83,084 | -105,000 | |
| Stock | 365,307 | -250,352 | 577,488 | 122,294 | -94,786 | 829,051 | 0 |
| Debtors | -696,648 | 559,913 | 982,693 | 81,709 | -510,660 | 2,445,043 | 0 |
| Creditors | 47,699 | -300,089 | 579,788 | 242,735 | -94,801 | 1,310,216 | 0 |
| Accruals and Deferred Income | -847,675 | 181,628 | 52,452 | 1,229,112 | -264,620 | 728,835 | 564,223 |
| Deferred Taxes & Provisions | 25,000 | 0 | 123,000 | 15,000 | -24,000 | 85,000 | 0 |
| Cash flow from operations | 396,295 | 641,978 | 269,903 | 2,201,782 | 1,394,566 | 13,894 | |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 2,000 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -4,012,185 | 4,012,185 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 4,014,185 | |
| Financing Activities | |||||||
| Bank loans | 799,888 | -106,905 | 249,825 | 29,819 | 153,173 | -12,000 | 12,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -83,114 | 83,114 |
| Other Short Term Loans | 0 | 0 | 450,000 | 0 | -71,589 | 83,589 | 0 |
| Long term loans | -459,100 | -337,913 | -432,672 | -144,995 | -863,716 | 828,396 | 2,453,550 |
| Hire Purchase and Lease Commitments | -234,665 | 246,362 | 9,306 | -67,242 | 188,737 | 227,919 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -97,290 | -62,175 | -51,646 | -38,600 | -54,962 | -65,361 | |
| cash flow from financing | 8,833 | -260,631 | 224,813 | -221,018 | -648,358 | 1,000,099 | |
| cash and cash equivalents | |||||||
| cash | 68,184 | -427,676 | -125,513 | 643,179 | 585,524 | 5,840 | 94 |
| overdraft | 0 | 0 | 0 | 0 | -16,698 | 16,698 | 0 |
| change in cash | 68,184 | -427,676 | -125,513 | 643,179 | 602,222 | -10,858 | 94 |
forgeway holdings ltd Credit Report and Business Information
Forgeway Holdings Ltd Competitor Analysis
Perform a competitor analysis for forgeway holdings ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in TQ12 area or any other competitors across 12 key performance metrics.
forgeway holdings ltd Ownership
FORGEWAY HOLDINGS LTD group structure
Forgeway Holdings Ltd has 1 subsidiary company.
forgeway holdings ltd directors
Forgeway Holdings Ltd currently has 3 directors. The longest serving directors include Mr Glen Buckley (Jun 2017) and Mr Roderick Buckley (Jun 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Glen Buckley | England | 53 years | Jun 2017 | - | Director |
| Mr Roderick Buckley | United Kingdom | 48 years | Jun 2017 | - | Director |
| Laurence Buckley | 79 years | Jun 2017 | - | Director |
P&L
December 2023turnover
14.3m
-2%
operating profit
74.3k
-79%
gross margin
22.5%
+3.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.2m
-0.07%
total assets
8.8m
-0.09%
cash
749.6k
+0.1%
net assets
Total assets minus all liabilities
forgeway holdings ltd company details
company number
10812782
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
June 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PKF FRANCIS CLARK
address
forgeway collett way, newton abbot, TQ12 4PH
Bank
-
Legal Advisor
-
forgeway holdings 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 1 charges/mortgages relating to forgeway holdings ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
forgeway holdings 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.
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forgeway holdings ltd Companies House Filings - See Documents
| date | description | view/download |
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