Forgeco Ltd

Forgeco Ltd, based in Bilston, UK, is a small, active company established 23 years ago. With six employees and £2,467,138 in assets, it’s a well-established player in the region. The company operates from a real address and is managed by three directors and one owner, holding a stellar 5.0 Google rating based on three reviews. Forgeco is a regular importer, specializing in iron or steel products, with import activity spanning 10 months, the last operation occurring in October 2022.

The company’s website showcases a comprehensive range of scaffolding fittings and components, catering to the construction, industrial, rail, and marine sectors. ForgeCo is part of the larger SCP Group and acts as a manufacturer and distributor of scaffolding fittings, including KLAWZ fittings, Scotti ties, and a variety of couplers, clamps, and boards. The site highlights its commitment to quality, prototyping, and batch testing, with a focus on meeting the latest industry standards. It also features a dedicated section for its Swarn House facility, covering 4.8 acres and boasting 85,000 square feet of warehousing.

Financially, Forgeco Ltd presents a mixed picture. While turnover remains undisclosed, net assets increased by 8.4% to £2.2 million, suggesting growth. However, cash reserves have fallen significantly by 83% to £67,000, which could indicate increased investment or working capital requirements. Bank borrowings have vanished completely, a positive sign, but creditors have decreased by 23%, which may be a result of better debt management or a slowdown in business. The number of employees has increased by 50% to nine, which could be a response to increased demand. With no auditor mentioned, the financial statements are unaudited.

Overall, Forgeco Ltd appears to be a stable, albeit somewhat cash-constrained, business. Its integration within the SCP Group and focus on quality scaffolding fittings provide a solid foundation for future growth. The increase in employees suggests ongoing operations, but the drop in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 04226017, with a registered address at WV14 9NQ, Bilston, West Midlands, Swarn House Meadow Lane, Coseley.

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