Tailor & Forge Ltd

Tailor & Forge Ltd, based in London, UK, is a small, active company established eight years ago. Despite its active status, the company faces challenges, with both accounts and confirmation statements overdue for a year. It employs just three people and holds £88,211 in assets, operating from a virtual address shared by many other businesses. Two directors and two owners manage the company, which maintains a respectable Google rating of 4.0 based on 19 reviews. The firm is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity dating back just one month.

The company’s website reveals a fascinating, albeit unexpected, secondary business: Taylor Forgings, a long-standing stockholder, machinist, and NDT provider. Established over 50 years ago, Taylor Forgings specializes in raw materials, machining, and non-destructive testing, supplying major industries like power generation, nuclear, petrochemical, water, and rail. The website highlights CNC machining, proof machining facilities, and a comprehensive online pricing tool—a relatively new addition. Case studies showcase involvement in critical projects like the Royal Navy’s nuclear submarines, the Hinkley C Nuclear reactor, and the Thames Barrier.

Financially, Tailor & Forge Ltd presents a mixed picture. While current assets increased slightly to £88,000, net assets plunged 150% to -£90,000—a substantial decline. Bank borrowings remained steady at £40,000, but cash reserves decreased by nearly 5%, settling at £14,000. Creditors significantly rose, increasing by 71% to £140,000, and other creditors ballooned by 420% to £57,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp equity drop suggests potential financial strain. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems Tailor & Forge Ltd is navigating a challenging landscape, perhaps struggling to balance its retail operations with the demands of its parent company's industrial focus. The addition of the online pricing tool could be a step towards modernization, but the company's long-term financial health remains uncertain.

Registered in England/Wales under the registration number 10360430, with a registered address at CF14 8LH, Cardiff, 10360430 - COMPANIES HOUSE DEFAULT ADDRESS.

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