Force Technology Limited

Force Technology Limited, based in Blackpool, UK, is a small, active company founded nine years ago in 2015. With 36 employees and £1,484,571 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports iron and steel (39 months) and exports iron or steel products (104 months), suggesting a focus on the metals industry.

The company's website, Force Technology, details its involvement in the manufacture of wire products, chain, and springs. It also highlights a partnership with Lonsdale Simon and Williams Stephen Mark. The company's LinkedIn page indicates a focus on precision engineering and manufacturing solutions.

Financially, Force Technology Limited’s report shows some interesting trends. Accumulated depreciation on plant and machinery increased by 18%, reflecting investment in equipment, while cash reserves grew by 56% to £150,000. However, bank borrowings decreased by 6.6%, suggesting better debt management. Creditors also decreased by 10%, which is a good sign. Net assets increased by 13%, indicating a strengthening financial position. Future minimum lease payments, however, jumped significantly—480%—which could indicate a new lease agreement or expansion plans. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the increased lease payments warrant further observation. The report, unaudited as a small company, doesn't mention an auditor. Overall, Force Technology Limited appears to be in a relatively healthy state, though the increased lease commitments are something to keep an eye on.

Registered in England/Wales under the registration number 09666754, with a registered address at FY4 2RL, United Kingdom, Blackpool, Lancashire, Lightworks, Shorebury Point, Amy Johnson Way.

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