forklift express ltd
forklift express ltd Company Information
Company Number
12671353
Next Accounts
10 days late
Directors
Shareholders
stephen michael king
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
235 birmingham road wylde green, sutton coldfield, B72 1EA
Website
-forklift express ltd Estimated Valuation
Pomanda estimates the enterprise value of FORKLIFT EXPRESS LTD at £39.8k based on a Turnover of £73.4k and 0.54x industry multiple (adjusted for size and gross margin).
forklift express ltd Estimated Valuation
Pomanda estimates the enterprise value of FORKLIFT EXPRESS LTD at £38.4k based on an EBITDA of £9.7k and a 3.97x industry multiple (adjusted for size and gross margin).
forklift express ltd Estimated Valuation
Pomanda estimates the enterprise value of FORKLIFT EXPRESS LTD at £29.9k based on Net Assets of £14k and 2.13x industry multiple (adjusted for liquidity).
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Forklift Express Ltd Overview
Forklift Express Ltd is a live company located in sutton coldfield, B72 1EA with a Companies House number of 12671353. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2020, it's largest shareholder is stephen michael king with a 100% stake. Forklift Express Ltd is a young, micro sized company, Pomanda has estimated its turnover at £73.4k with unknown growth in recent years.
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Forklift Express Ltd Health Check
Pomanda's financial health check has awarded Forklift Express Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
4 Weak
Size
annual sales of £73.4k, make it smaller than the average company (£3.7m)
- Forklift Express Ltd
£3.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Forklift Express Ltd
- - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
- Forklift Express Ltd
38.1% - Industry AVG
Profitability
an operating margin of 13.2% make it more profitable than the average company (6.3%)
- Forklift Express Ltd
6.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (23)
1 - Forklift Express Ltd
23 - Industry AVG
Pay Structure
on an average salary of £48.4k, the company has an equivalent pay structure (£48.4k)
- Forklift Express Ltd
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £73.4k, this is less efficient (£153.9k)
- Forklift Express Ltd
£153.9k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is near the average (41 days)
- Forklift Express Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (33 days)
- Forklift Express Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Forklift Express Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 68 weeks, this is more cash available to meet short term requirements (24 weeks)
68 weeks - Forklift Express Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62%, this is a similar level of debt than the average (61.5%)
62% - Forklift Express Ltd
61.5% - Industry AVG
FORKLIFT EXPRESS LTD financials
Forklift Express Ltd's latest turnover from June 2023 is estimated at £73.4 thousand and the company has net assets of £14 thousand. According to their latest financial statements, Forklift Express Ltd has 1 employee and maintains cash reserves of £30 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Turnover | |||
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | |||
| Interest Receivable | |||
| Pre-Tax Profit | |||
| Tax | |||
| Profit After Tax | |||
| Dividends Paid | |||
| Retained Profit | |||
| Employee Costs | |||
| Number Of Employees | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | |||
| Trade Debtors | 6,917 | 261 | |
| Group Debtors | |||
| Misc Debtors | |||
| Cash | 30,040 | 12,347 | 17,219 |
| misc current assets | |||
| total current assets | 36,957 | 12,608 | 17,219 |
| total assets | 36,957 | 12,608 | 17,219 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 560 | 525 | 540 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 22,365 | 6,106 | 3,183 |
| total current liabilities | 22,925 | 6,631 | 3,723 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 22,925 | 6,631 | 3,723 |
| net assets | 14,032 | 5,977 | 13,496 |
| total shareholders funds | 14,032 | 5,977 | 13,496 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | |||
| Debtors | 6,656 | 261 | |
| Creditors | 35 | -15 | 540 |
| Accruals and Deferred Income | 16,259 | 2,923 | 3,183 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | |||
| Other Short Term Loans | |||
| Long term loans | |||
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 17,693 | -4,872 | 17,219 |
| overdraft | |||
| change in cash | 17,693 | -4,872 | 17,219 |
forklift express ltd Credit Report and Business Information
Forklift Express Ltd Competitor Analysis
Perform a competitor analysis for forklift express ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in B72 area or any other competitors across 12 key performance metrics.
forklift express ltd Ownership
FORKLIFT EXPRESS LTD group structure
Forklift Express Ltd has no subsidiary companies.
Ultimate parent company
FORKLIFT EXPRESS LTD
12671353
forklift express ltd directors
Forklift Express Ltd currently has 1 director, Mr Stephen King serving since Jun 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen King | United Kingdom | 65 years | Jun 2020 | - | Director |
P&L
June 2023turnover
73.4k
+65%
operating profit
9.7k
0%
gross margin
38.1%
-0.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
14k
+1.35%
total assets
37k
+1.93%
cash
30k
+1.43%
net assets
Total assets minus all liabilities
Similar Companies
forklift express ltd company details
company number
12671353
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
PARKER ACCOUNTANCY
auditor
-
address
235 birmingham road wylde green, sutton coldfield, B72 1EA
Bank
-
Legal Advisor
-
forklift express 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 did not find charges/mortgages relating to forklift express ltd.
forklift express 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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forklift express ltd Companies House Filings - See Documents
| date | description | view/download |
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