Manufacture of metal structures and parts of structures
Registered Address
unit 1 granard business centre, bunns lane, london, NW7 2DZ
Website
-
formwork products ltdEstimated Valuation
£505.9k
Pomanda estimates the enterprise value of FORMWORK PRODUCTS LTD at £505.9k based on a Turnover of £761k and 0.66x industry multiple (adjusted for size and gross margin).
formwork products ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of FORMWORK PRODUCTS LTD at £0 based on an EBITDA of £-200k and a 5.11x industry multiple (adjusted for size and gross margin).
formwork products ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of FORMWORK PRODUCTS LTD at £0 based on Net Assets of £-228.9k and 2.02x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Formwork Products LtdOverview
Formwork Products Ltd is a live company located in london, NW7 2DZ with a Companies House number of 13780423. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in December 2021, it's largest shareholder is
stephen carroll
with a 100% stake. Formwork Products Ltd is a startup,
small sized company, Pomanda has estimated its turnover at
£761k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Formwork Products Ltd a 2 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
Health Rating2out of 5
3 Strong
2 Regular
6 Weak
Size
annual sales of £761k, make it smaller than the average company (£14.1m)
£761k - Formwork Products Ltd
£14.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Formwork Products Ltd
- - Industry AVG
Production
with a gross margin of 44.4%, this company has a lower cost of product (26.3%)
44.4% - Formwork Products Ltd
26.3% - Industry AVG
Profitability
an operating margin of -27.2% make it less profitable than the average company (5.9%)
-27.2% - Formwork Products Ltd
5.9% - Industry AVG
Employees
with 11 employees, this is below the industry average (79)
11 - Formwork Products Ltd
79 - Industry AVG
Pay Structure
on an average salary of £30.1k, the company has a lower pay structure (£43.9k)
£30.1k - Formwork Products Ltd
£43.9k - Industry AVG
Efficiency
resulting in sales per employee of £69.2k, this is less efficient (£171.4k)
£69.2k - Formwork Products Ltd
£171.4k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (60 days)
49 days - Formwork Products Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is close to average (51 days)
54 days - Formwork Products Ltd
51 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (36 days)
15 days - Formwork Products Ltd
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 2 weeks, this is less cash available to meet short term requirements (13 weeks)
2 weeks - Formwork Products Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 234.2%, this is a higher level of debt than the average (51.2%)
234.2% - Formwork Products Ltd
51.2% - Industry AVG
FORMWORK PRODUCTS LTD financials
EXPORT
Formwork Products Ltd's latest turnover from March 2024 is £761 thousand and the company has net assets of -£228.9 thousand. According to their latest financial statements, Formwork Products Ltd has 11 employees and maintains cash reserves of £4.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Turnover
760,959
120,446
Other Income Or Grants
Cost Of Sales
423,151
87,211
Gross Profit
337,808
33,235
Admin Expenses
545,092
105,479
Operating Profit
-207,284
-72,244
Interest Payable
Interest Receivable
Pre-Tax Profit
-207,284
-72,244
Tax
50,624
Profit After Tax
-156,660
-72,244
Dividends Paid
Retained Profit
-156,660
-72,244
Employee Costs
330,801
56,816
Number Of Employees
11
6
EBITDA*
-200,008
-70,500
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Tangible Assets
28,067
17,362
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
28,067
17,362
Stock & work in progress
18,302
18,290
Trade Debtors
103,961
44,077
Group Debtors
15,596
Misc Debtors
Cash
4,696
603
misc current assets
total current assets
142,555
62,970
total assets
170,622
80,332
Bank overdraft
Bank loan
Trade Creditors
63,271
35,111
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
41,405
41,042
total current liabilities
104,676
76,153
loans
294,849
76,422
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
294,849
76,422
total liabilities
399,525
152,575
net assets
-228,903
-72,243
total shareholders funds
-228,903
-72,243
Mar 2024
Mar 2023
Operating Activities
Operating Profit
-207,284
-72,244
Depreciation
7,276
1,744
Amortisation
Tax
50,624
Stock
12
18,290
Debtors
75,480
44,077
Creditors
28,160
35,111
Accruals and Deferred Income
363
41,042
Deferred Taxes & Provisions
Cash flow from operations
-196,353
-56,714
Investing Activities
capital expenditure
-17,981
-19,106
Change in Investments
cash flow from investments
-17,981
-19,106
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
218,427
76,422
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1
interest
cash flow from financing
218,427
76,423
cash and cash equivalents
cash
4,093
603
overdraft
change in cash
4,093
603
formwork products ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for formwork products ltd. Get real-time insights into formwork products ltd's credit score, group structure and payment trends.
Perform a competitor analysis for formwork products ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NW7 area or any other competitors across 12 key performance metrics.
formwork products ltd Ownership
FORMWORK PRODUCTS LTD group structure
Formwork Products Ltd has no subsidiary companies.
Ultimate parent company
FORMWORK PRODUCTS LTD
13780423
FORMWORK PRODUCTS LTD Shareholders
The sole shareholder of Formwork Products Ltd is Stephen Carroll.
stephen carroll
100%
formwork products ltd directors
Formwork Products Ltd currently has 3 directors.
The longest serving directors include
Mr Stephen Carroll (Dec 2021) and
Mr James McMillan (Dec 2022).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
-228.9k
+2.17%
total assets
170.6k
+1.12%
cash
4.7k
+6.79%
net assets
Total assets minus all liabilities
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formwork products ltd company details
company number
13780423
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
incorporation date
December 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
RIORDAN O'SULLIVAN & CO
address
unit 1 granard business centre, bunns lane, london, NW7 2DZ
Bank
-
Legal Advisor
-
formwork products 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 formwork products ltd.
formwork products 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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formwork products ltdCompanies House Filings - See Documents
