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Forgeco Ltd

04226017

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

SWARN HOUSE MEADOW LANE, BILSTON, WV14 9NQ
Incorporated 31/05/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25110
Manufacture of metal structures and parts of structures

Officers

Mr Davinder Bhasin

director · Since 31/05/2001

COMPANY DIRECTOR

INDIAN · INDIA · Age 68

Also on 1 other board

Mr Ranjit Singh Dale

director · Since 31/05/2001

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 13 other boards

Mrs Rubinder Kaur Deo

secretary · Since 02/01/2025

Persons with Significant Control

Mr Ranjit Singh Dale

Significant control

British · England · Age 65

Swarn House, Meadow Lane, Bilston, WV14 9NQ

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 10/06/2020Registered 15/06/2020
charge
outstanding

BARCLAYS BANK PLC

Created 23/12/2002Registered 31/12/2002

CompanyRankvs 159+ SIC 25110 peers
76

Financial strength94th percentile among SIC peers · 24/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 2.42× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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159Forgeco Ltd
86
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/04/2025

Net Worth

£2.2M

Balance sheet strength

Cash

£107k

Cash in the bank

Net Current Assets

£2.2M

Working capital

Current Assets

£3.7M

Current Liabilities

£1.5M

Fixed Assets

£39k

Debtors

£1.1M

9avg. employees

Tax at Year End(2024)

Corp tax£92k

Balance Sheet

Assets less current liabilities£2.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20252.42+£761
20247.23+£169k
20236.08-£18k
20222.72+£101k
20213.12+£217k
20201.97+£128k
20191.75+£169k
20181.58—

Derived from filed accounts. Not audited figures.