Taylor Forgings Limited

Taylor Forgings Ltd, based in Sheffield, UK, is a small, active company founded ten years ago in 2014. With 22 employees and £3,014,034 in assets, it’s a family-run business operating from a virtual address shared by eleven other companies. Four directors and two owners guide the company, which specializes in the manufacture of basic iron and steel and of ferro-alloys. It regularly exports iron or steel products (three months), but imports are less frequent (two months).

The company’s website highlights its diverse range of services, including CNC machining, proof machining, and non-destructive testing. It’s clear that Taylor Forgings caters to a variety of industries, including power generation, nuclear, petrochemical, and rail. The online pricing tool, a relatively new addition, allows customers to get quotes for 19 grades of material—a clever way to engage potential clients. Case studies showcase impressive projects, like providing materials for the Royal Navy's nuclear submarines and the Thames Barrier, demonstrating a history of quality and reliability.

Financially, Taylor Forgings Ltd shows some interesting trends. While current assets increased by 14% to £3,000,000, net assets decreased by 10% to £520,000. Bank borrowings decreased significantly by 13% to £1,000,000, which is good news. However, trade debtors increased by 15% to £2,600,000, which could indicate challenges in collecting payments. Depreciation on plant machinery increased by 22%, suggesting ongoing investment in equipment. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in equity warrants closer attention. With no auditor mentioned, the financial statements are unaudited.

Overall, Taylor Forgings Ltd appears to be a stable, albeit small, company with a strong reputation for quality and a diverse range of services. The company is holding steady, and the focus on innovation—like the online pricing tool—suggests a commitment to adapting to changing market conditions.

Registered in England/Wales under the registration number 09235281, with a registered address at S1 1WR, Sheffield, Queen Street Chambers, 68 Queen Street.

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