Adapt Formwork Limited

Adapt Formwork Ltd, based in Warrington, UK, is a small, holding company with an active status. Founded sixteen years ago in 2009, the company employs twenty-eight people and holds assets valued at £3,885,464. It has a real address and is managed by one director and one owner, boasting a solid Google rating of 4.0 based on eighteen reviews. The company regularly imports iron or steel products, with nineteen months of import activity recorded.

Adapt Formwork specializes in the renting and leasing of construction and civil engineering machinery and equipment. Its website highlights a range of formwork solutions, including climbing, horizontal, and wall formwork, catering to high-rise construction projects. They offer products like self-climbing systems, hydraulic windshield systems, and timber beam formwork, alongside accessories and modular systems. Case studies showcase projects like Battersea London, 2 St James' Way Newcastle, and Canada Water, demonstrating their involvement in significant construction endeavors.

Financially, Adapt Formwork presents a mixed picture. Cash bank on hand has fallen by 55%, dropping to £290,000, while creditors have increased significantly, jumping 56% to £2.2 million. Trade debtors have also risen sharply, up 55% to £3.6 million. However, net assets have increased by 11% to £1.5 million, and current assets have also seen a 31% increase to £3.9 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the rise in debt suggests a need for careful cash flow management. The company’s accounts are unaudited, likely due to its status as a small company.

Despite the financial pressures, Adapt Formwork’s strong Google rating and focus on specialized formwork solutions indicate a potential for continued success. The company’s website and case studies demonstrate a commitment to quality and innovation in the construction industry.

Registered in England/Wales under the registration number 06899440, with a registered address at WA1 4BA, England, Warrington, Forward Works Bridge Lane, Manchester Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.