Foras Limited

Foras Ltd from King's Lynn UK: a small company with an active status, was founded 20 years ago and employs 10 people. The business holds £650,549 in assets and operates from a virtual address, a fact highlighted by the presence of 110 companies registered at the same location. The company is led by four directors, with Wootton John Robert as the sole owner and solo founder, and enjoys a stellar 5.0 Google rating based on 56 reviews. Foras is a regular importer, specializing in salt, sulphur, earths, stone, plaster, lime, and cement, with 70 months of import activity recorded.

The company’s website showcases a diverse range of products, primarily focused on water features, planters, and personalized stone engravings. It operates an e-commerce site, offering everything from sandstone bowls and birdbaths to bespoke engravings and tiles. The site emphasizes unique quality products, offering incentives like a "Privilege Gold Card" for repeat customers and highlighting a "Handmade" selection. It also features showrooms in Norfolk, offering a more tangible experience for customers.

Financially, Foras Ltd’s recent performance presents a mixed picture. While current assets remained relatively stable at £650,000, a slight increase of 1.6%, net assets have remained consistent. Bank borrowings have increased significantly, jumping by 190% to £76,000, and cash reserves have dramatically decreased by 98% to just £3,000. Creditors have also increased by 19% to £450,000. The company’s small size—meeting two of three conditions for a small company—helps it maintain agility, but the sharp decline in cash reserves warrants attention. The company’s unaudited financial statements, which don't mention an auditor, rely on director-reported data.

The rise in bank borrowings and the decrease in cash suggest Foras Ltd may be investing in growth or facing increased operating expenses. The company’s reliance on regular imports and its focus on personalized products indicates a business model that balances volume with unique offerings. Whether this strategy can sustain profitability remains to be seen, but the company's strong Google rating suggests a loyal customer base.

Registered in England/Wales under the registration number 05379827, with a registered address at PE30 2JG, England, King's Lynn, Unit 3, North Lynn Business Village Bergen Way, North Lynn Industrial Estate.

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