Fast-form Systems Ltd

Fast-Form Systems Ltd, based in Grimsby, UK, is a small, active holding company founded eleven years ago in 2013. With fourteen employees and £1,108,895 in assets, it operates from a real address and is overseen by three directors and six owners. The company irregularly imports aluminum and aluminum products, with the last import activity recorded over fifteen years ago in August 2016.

The company’s primary focus is the manufacture of other fabricated metal products and construction installation services. Its website highlights its position as a renowned formwork supplier and manufacturer, offering both hire and sales of formwork systems. They cater to a wide range of needs, from sheet pile beams to bespoke manufacturing, and even offer scaffolding. A key selling point is the promise of cost and time savings compared to traditional formwork, alongside a reduced carbon footprint. The website also details case studies, demonstrating their work on projects like Premier Inn and the Olympic Stadium. They have patents granted in multiple countries.

Financially, Fast-Form Systems Ltd presents a mixed picture. Current assets have decreased by 17% to £1,100,000, while net assets have fallen 20% to £720,000. Bank borrowings have remained constant at £200,000, but cash reserves have dropped significantly by 60% to £51,000. Creditors have also decreased by 20%, suggesting improved debt management. The company meets the criteria for a small business, with turnover less than £10.2m, balance sheet less than £5.1m, and fewer than 50 employees. The decline in cash reserves, however, raises questions about its short-term liquidity. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

Overall, Fast-Form Systems Ltd appears to be navigating a period of change, with a focus on cost savings and carbon reduction. While the financial picture is somewhat concerning, its established position in the formwork market and focus on innovation could help it weather the storm.

Registered in England/Wales under the registration number 08636930, with a registered address at DN31 2TG, England, Grimsby, South Humberside, Unit 1 Omega Business Park Estate Road 6, South Humberside Industrial Estate.

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