Forwardplus Limited

Forwardplus Limited, based in Manchester, UK, is a small, active company established thirteen years ago in 2011. Employing just two people, it holds assets valued at £400,147 and operates from a real address. With one director and owner, Philip Shaji Pakkanikuzhiyil, at the helm, the company specializes in the import and export of electrical machinery and equipment. It’s a regular importer, with four months of import activity recorded, and a seasoned exporter, boasting ninety-eight months of export activity. The company operates in the other retail sale not in stores, stalls or markets industries.

The company’s website is non-existent, so it's difficult to ascertain the exact nature of its online presence. However, its import and export activities suggest a business-to-business model, likely supplying electrical components or equipment to other companies rather than directly selling to consumers.

Financially, Forwardplus Limited shows some interesting trends. Cash bank on hand has seen a remarkable increase of 230%, jumping to £400,000, while creditors have also surged by 220%, reaching £200,000. This suggests the company is investing in its business and expanding its operations, but also relying more heavily on credit. Trade debtors have plummeted by a staggering 98%, leaving just £1,400 outstanding—a positive sign of efficient payment collection. Profit and loss remain steady at £71,000, and net assets have increased by 34% to £200,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is common for small companies.

Overall, Forwardplus Limited appears to be financially stable, with growing assets and a healthy cash position. The increase in creditors suggests a period of investment and expansion, and the efficient collection of debts is a positive indicator. While the lack of a website makes it difficult to fully assess its operations, the company’s consistent import and export activity points to a solid business model.

Registered in England/Wales under the registration number 07770379, with a registered address at M43 6WP, United Kingdom, Manchester, 18 Ashley Road, Droylsden.

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