Forbes Group Limited

Forbes Group Limited, based in Leominster, UK, is a small, active company founded 43 years ago in 1981. Employing 20 people and holding £779,160 in assets, it’s a family-run operation with two directors and a single owner, the solo founder. The company regularly imports and exports furniture, lighting, and prefabricated buildings – a combined 204 months of activity, with the most recent in February 2025.

The business operates as a manufacturer of school and contract furniture in Ireland, with a history stretching back to 1965. Forbes Furniture Group supplies a diverse range of sectors, including schools, councils, and sporting organizations, directly. Its website showcases past projects and emphasizes its commitment to quality and affordability. It's a well-established brand, and the website is very professional.

Financially, Forbes Group Limited shows a mixed picture. Current assets decreased by 17%, dropping to £780,000, while net assets increased by 12%, reaching £530,000. Bank borrowings have dramatically reduced, falling by 92%, leaving just £27,000 outstanding. Creditors also decreased, suggesting improved debt management. However, the company’s retained earnings accumulated losses increased by 25%, which could indicate a need to focus on profitability. As a small company, it meets two of three criteria for size (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The lack of an auditor mentioned is likely due to its small size and exemption from an audit.

Overall, Forbes Group Limited appears to be a stable, long-standing business, but the increase in retained earnings accumulated losses should be monitored closely. The company's focus on contract furniture and its history of over half a century suggest a resilient business model, although the financial figures indicate a need to focus on profitability.

Registered in England/Wales under the registration number 01591882, with a registered address at HR6 0RL, United Kingdom, Leominster, Herefordshire, Forbes Building, Glendower Road.

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