Form-al Group Ltd

Form Al Group Ltd, based in Woodbridge, UK, is a small, active company founded nine years ago in December 2015. With eight employees and £604,770 in assets, it’s a family business led by two directors and three owners. The company operates from a real address, sharing space with just one other business. It’s a regular importer, bringing in vehicles, parts, and accessories—a trade it’s been involved in for 26 months, with the most recent import in February 2025. It also exports furniture, lighting, and prefabricated buildings, though less consistently, with just one month of export activity recorded in November 2021.

The company’s website is currently unavailable, making it difficult to ascertain the specifics of its operations beyond the import/export data. It’s likely that Form Al Group Ltd functions as a wholesale distributor, connecting manufacturers with retailers or end-users. The focus on vehicles, parts, and accessories suggests a connection to the automotive industry, while the occasional export of furniture and building materials indicates a broader range of activities.

Financially, Form Al Group Ltd presents a mixed picture. While net assets increased by 16%, rising to £130,000, cash reserves experienced a significant drop of 5200%, plummeting to just £12,000. Bank borrowings decreased by 9.7%, settling at £80,000, and creditors also decreased by 2.6%, falling to £380,000. Trade debtors rose by 30%, reaching £290,000, which could indicate a reliance on customer payments. The company meets the criteria for a small business—turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—and is exempt from a full audit.

The company’s financial statements, prepared by an unnamed firm, show a decline in some areas, but also improvements in others. The increase in trade debtors suggests a possible need to manage cash flow more effectively. The decrease in cash reserves is concerning, but the company's ability to maintain positive net assets indicates a degree of financial resilience. The lack of an auditor mentioned, typical for small companies, means the figures are unaudited and should be viewed with some caution.

Registered in England/Wales under the registration number 09909846, with a registered address at IP13 6QT, United Kingdom, Woodbridge, Unit 7 Liberator House Clopton Park, Clopton.

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