Forward Industrial Products Group Limited
03341583
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 02/07/2024
director · Since 02/07/2024
DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 5 other boards
director · Since 02/07/2024
REGIONAL VICE PRESIDENT
BRITISH · UNITED KINGDOM · Age 51
Also on 3 other boards
director · Since 02/07/2024
ACCOUNTANT
ENGLISH · UNITED KINGDOM · Age 54
Also on 3 other boards
Persons with Significant Control
Tfc Europe Limited
Hale House, Ghyll Industrial Estate, Heathfield, TN21 8AW
Reg: 05978660 · Registrar Of Companies For England And Wales · Private Limited Company
Notified 02/07/2024
Former PSCs
Mr Martyn David Cleaver
Ceased 02/07/2024
Mr John Paul Lonie
Ceased 02/07/2024
Charges5 outstanding
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HSBC INVOICE FINANCE (UK) LTD
HSBC BANK PLC
HSBC BANK PLC
ADVANTAGE TRANSITION BRIDGE FUND LIMITED
THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED
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CompanyRankvs 1494+ SIC 46900 peers66
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 30/06/2024
Turnover
£20.4M
Annual revenue
Net Worth
£5.5M
Balance sheet strength
Cash
£392k
Cash in the bank
Profit Before Tax
£1.6M
Bottom line earnings
Net Current Assets
£5.6M
Working capital
Current Assets
£12.9M
Current Liabilities
£7.2M
Fixed Assets
£54k
Debtors
£6.3M
Cost of Sales
£15.9M
Gross Profit
£4.5M
Admin Expenses
£2.8M
Operating Profit
£1.7M
Profit After Tax
£1.1M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.78 | +£806k |
| 2023 | 1.69 | +£1.3M |
| 2022 | 1.54 | +£501k |
| 2021 | 1.51 | +£439k |
| 2020 | 1.99 | +£185k |
| 2019 | 1.45 | +£104k |
| 2018 | 1.42 | — |
Derived from filed accounts. Not audited figures.