Forward Glass Limited

Forward Glass Limited, based in Truro, UK, is a medium-sized holding company with an active status, having been established 34 years ago in 1990. Employing 106 people, the company holds assets worth £3,066,340 and generates a yearly revenue of £14,521,451. It has a real address and is managed by seven directors, with one owner. A Google rating of 4.0 based on 17 reviews indicates a generally positive customer perception. The company is a regular importer of glass and glassware, with 20 months of import activity recorded.

The company’s website highlights its position as a leading independent provider of toughened glass, stock, and processed glass, serving trade customers within a 120-mile radius of Birmingham. It specializes in supplying glass for windows, doors, conservatories, partitioning, showrooms, retail outlets, and balustrading. The manufacturing facility is fully equipped with state-of-the-art furnaces and machinery, operated by skilled technicians. They strive to provide high-quality products with reliable service, delivered via a specially designed fleet of vehicles.

Financially, Forward Glass Limited shows a mixed picture. While turnover increased by a healthy 24%, reaching £15 million, net assets have significantly declined by 79%, dropping to £1.7 million. Bank borrowings have increased, and cash reserves have fallen by 90%, leaving just £2,400. Creditors, however, decreased by 58%, suggesting improved debt management. Administrative expenses have risen sharply, by 55%, potentially reflecting increased operational costs. The company’s size, meeting two of three criteria for a medium-sized company, allows for agility, but the substantial equity drop warrants closer attention. The company’s accounts were audited by TC Group.

Despite these challenges, Forward Glass Limited appears to be holding its own, leveraging its reputation for quality and service. The company’s focus on toughened glass and processing positions it well within the construction and retail sectors, but the financial trends suggest a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 02515619, with a registered address at TR1 2HE, England, Truro, Cornwall, Old Mansion House, 9 Quay Street.

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