Formwork Direct International Ltd

Formwork Direct International Ltd, based in Knowsley, UK, is a small, active company founded fifteen years ago. With 25 employees and £1,263,938 in assets, it operates from a real address and is managed by three directors and owners. The company boasts a perfect 5.0 Google rating from eight reviews, and regularly imports iron or steel products, with the most recent import occurring in July 2024.

The company’s website details a comprehensive offering of formwork and falsework solutions for the construction industry. It provides both hire and sale options, alongside design, repair, and international sales services. The site highlights its ability to cater to projects of all sizes and budgets, offering everything from wall formwork to scaffolding and groundworks. A key aspect of their business is providing in-house designs and step-by-step support throughout a project, backed by experienced staff and an engineering office.

Financially, Formwork Direct International Ltd presents a mixed picture. While current assets have decreased by 33% to £1,300,000, net assets have plummeted 31% to £510,000. Bank borrowings have also decreased by 7.4%, settling at £280,000, and cash reserves have fallen 28% to £340,000. Creditors have also decreased by 27%, suggesting improvements in debt management. The company meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – which allows for greater flexibility. The lack of an auditor mentioned likely means the accounts are unaudited.

The sharp decline in equity is a point of concern, but the company’s focus on specialized construction solutions and its strong Google rating suggest a resilient business model. The decrease in bank borrowings is a positive sign, but the company will need to manage its cash flow carefully to navigate these financial pressures.

Registered in England/Wales under the registration number 07234684, with a registered address at L33 7YQ, England, Knowsley, Formwork House, 1 Hornhouse Lane.

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