Forfar Galvanisers Limited

Forfar Galvanisers Ltd, based in Angus, UK, is a small, holding company with an active status. Established 27 years ago in 1998, it employs 13 people and holds £738,404 in assets. The company, with two directors and one owner, operates from a real address and functions as an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances parts – the last import operation occurred in February 2025.

The company’s primary activity is described as operating in the other manufacturing n.e.c. industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The business is a holding company, and the address is probably real as only one company registered at the same address.

Looking at the financial data, there's a mixed picture. Accumulated depreciation for Land Buildings increased by 4.1%, while Other Property Plant Equipment rose by 2.3%. Amounts owed to group undertakings saw a significant jump of 110%, and bank borrowings increased by 5.4%. However, cash reserves fell by 19%, and net assets plummeted by 51%. Creditors also increased by 46%, suggesting potential cash flow pressures. Despite this, the company’s turnover decreased by 65%, which could be a concern. The company’s equity has been impacted, dropping by 86%, which is a big change.

The company's auditor is Henderson Loggie LLP. The financial statements have been prepared in accordance with FRS 102. It’s worth noting that the company is exempt from publishing its profit and loss account, a common practice for small companies. Overall, Forfar Galvanisers Ltd appears to be navigating a challenging financial landscape, with a need to manage its debts and potentially explore strategies to boost revenue.

Registered in Scotland under the registration number SC182499, with a registered address at DD8 3BT, Angus, Carseview Road, Forfar.

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