Tforce Fabrication Ltd

TForce Fabrication Ltd is a small, active company based in Stevenage, UK, founded three years ago in 2022. With £51,753 in assets and a virtual address shared by 262 other companies, it’s a solo-founded operation run by a single director and owner, Cole Harrison Thomas. The company operates in the development of building projects industries and is an irregular importer, with its top import category being Toys, games, and sports equipment, totaling 1 months of imports. The last import operation was conducted on September 01, 2023.

The company’s website showcases a sheet metal fabrication and joinery business, specializing in high-quality workmanship. They offer services like cutting, bending, welding, precision machining, custom metal design, and joinery, catering to industries like construction, automotive, and aerospace. They're also involved in bespoke joinery, from custom furniture to large-scale installations. Recent projects include subcontracted metal workshop fittings for a technology retailer and metal storage solutions for a major retailer.

Financially, TForce Fabrication Ltd presents a mixed picture. While current assets increased by 320% to £52,000, net assets plummeted to -£16,000, a significant drop from just £93 the previous year. Bank borrowings surged by 570%, reaching £83,000, and cash reserves fell 690% to just £3,400. Trade debtors increased by 310%, suggesting potentially delayed payments, and creditors rose 860% to £66,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop and high debt levels raise concerns. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s website suggests a focus on quality and craftsmanship, but the financial data indicates a business struggling to maintain profitability. Whether TForce Fabrication Ltd can turn things around remains to be seen—but for now, it’s a story of potential overshadowed by financial strain.

Registered in England/Wales under the registration number 14024137, with a registered address at SG1 2FP, England, Stevenage, Hertfordshire, Building 18, Gateway 1000 Whittle Way, Arlington Business Park.

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