Forkers Limited

Forkers Ltd from West Bromwich UK: large company, holding company, active status, founded 52 years ago, 151 employees, £29,132,800 assets, yearly revenue: £47,028,537, real address, 13 directors, 1 owner, google rating 5.0 based on 8 reviews. Irregular importer of optical and medical tools and devices (2 months imported).

Forkers Ltd is a sizable, established civil engineering and ground engineering contractor based in West Bromwich. The company, a holding company with a long history spanning 52 years, employs 151 people and boasts significant assets of £29.1 million, generating a yearly revenue of £47.1 million. It’s a large company, having met two of three conditions for classification: turnover exceeding £36 million and a balance sheet total exceeding £18 million. With thirteen directors and a single owner, the company maintains a real address and a strong 5.0 Google rating based on eight reviews. The company is an irregular importer, primarily dealing in optical and medical tools and devices, with recent import activity recorded two months ago.

The company’s website highlights its broad range of services, from civil engineering projects to renewable energy solutions. It appears to be a service-based business, not an e-commerce operation, focusing on contracting for infrastructure, construction, and ground engineering projects. The website details various services, including wind farm construction, canal improvements, and ground stabilization, catering to both public and private sector clients. It’s clear they’re not selling products directly to consumers. They’re actively recruiting, which is a good sign, and have recently received awards and accreditations.

Forkers Ltd’s financial health presents a mixed picture. While cash bank on hand has increased significantly by 56%, reaching £19 million, there are concerning trends. Cost of sales has plummeted by 42%, and operating profit has fallen by 36%. The company's debt to associates has decreased, but amounts owed by group undertakings have risen by 33%. Director remuneration has increased substantially, by 47%, and dividends paid have been reduced. While the company’s net assets have increased by 16%, the increase in administrative expenses by 18% and the decrease in recoverable amounts on contracts by 26% suggest potential operational challenges. The company’s auditor is Tomkinson Teal (Lichfield) LLP. It’s likely that the company is facing increased costs and is trying to manage its finances accordingly, but the long-term implications remain to be seen.

Registered in England/Wales under the registration number 01073245, with a registered address at B70 0TX, West Bromwich, West Midlands, Golds Green House, Shaw Street.

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