FORWARD INDUSTRIAL PRODUCTS GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-05-01 (in 1y)
Last made up 2026-04-17
Watchouts
Cash
£333K
-15.2% vs 2024
Net assets
£6M
+16.9% highest in 4 filed years
Employees
45
-6.3% lowest in 4 filed years
Profit before tax
£980K
-39.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 1 time since incorporation
- FORWARD INDUSTRIAL PRODUCTS GROUP LIMITED 2004-08-31 → present
- FORWARD ENGINEERING PRODUCTS LIMITED 1997-03-27 → 2004-08-31
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-06-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £22,723,400 | £20,382,404 | £11,540,490 | |
| Operating profit | — | — | £816,772 | — | £2,233,637 | £1,727,214 | £1,084,452 | |
| Profit before tax | — | — | £680,958 | — | £2,100,146 | £1,612,176 | £980,417 | |
| Net profit | — | — | £755,480 | — | £1,629,028 | £1,111,448 | £934,703 | |
| Cash | — | — | £247,378 | — | £311,084 | £392,378 | £332,696 | |
| Total assets less current liabilities | — | — | £3,000,610 | — | £4,748,208 | £5,698,665 | £6,629,201 | |
| Net assets | — | — | £2,968,462 | — | £4,729,259 | £5,535,240 | £6,469,943 | |
| Equity | £2,344,745 | £2,529,841 | £2,968,462 | £3,469,429 | £4,729,259 | £5,535,240 | £6,469,943 | |
| Average employees | — | — | 48 | — | 48 | 48 | 45 | |
| Wages | — | — | £1,449,495 | — | £1,371,122 | £1,328,514 | £840,827 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-08-31 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-08-31 | 2024-06-30 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 9.8% | 8.5% | 9.4% | |
| Net margin | — | — | — | — | 7.2% | 5.5% | 8.1% | |
| Return on capital employed | — | — | 27.2% | — | 47.0% | 30.3% | 16.4% | |
| Current ratio | — | — | — | — | — | 1.78x | 2.16x | |
| Interest cover | — | — | 6.01x | — | 9.57x | 9.26x | 10.42x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- FORWARD INDUSTRIAL PRODUCTS GROUP LIMITED · parent
- Forward Industrial Products CZ, s.r.o. 100%
Significant events
- “In July 2024, Forward Industrial Products Group Ltd was acquired by AFC Europe (Holdings) Ltd (formerly TFC Europe Ltd). This strategic transition marks a significant milestone in our journey, with AFC Europe recognised as a strong cultural and operational fit to support Forward's next phase of growth and innovation.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SANDERS, Stephen John | Secretary | 2024-07-02 | — | — |
| BURGOYNE, Morgan | Director | 2024-07-02 | Nov 1963 | British |
| KENTISH, Keith Roberts | Director | 2024-07-02 | Mar 1975 | British |
| SANDERS, Stephen John | Director | 2024-07-02 | Jan 1972 | English |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CLEAVER, Martyn David | Secretary | 1999-01-04 | 2024-07-02 |
| COUNIHAN, Lorraine | Secretary | 1997-03-27 | 1999-01-04 |
| EXPRESS SECRETARIES LIMITED | Corporate Nominee Secretary | 1997-03-27 | 1997-03-27 |
| BAILEY, Allan Alistair | Director | 2004-08-31 | 2014-09-01 |
| CLEAVER, Martyn David | Director | 1997-03-27 | 2025-12-19 |
| LONIE, John Paul | Director | 2004-08-31 | 2024-07-02 |
| MASON, Glenn Brian | Director | 2006-06-01 | 2019-04-01 |
| SIDWELL, Steven Walter | Director | 1999-01-04 | 2009-03-04 |
| EXPRESS DIRECTORS LIMITED | Corporate Nominee Director | 1997-03-27 | 1997-03-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tfc Europe Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-07-02 | Active |
| Mr Martyn David Cleaver | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2024-07-02 |
| Mr John Paul Lonie | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2024-07-02 |
Filing timeline
Last 20 of 151 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-19 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-11 | AA | accounts | Accounts with accounts type full | |
| 2025-05-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-31 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-01-09 | AA | accounts | Accounts with accounts type full | |
| 2024-08-02 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-07-09 | AR01 | annual-return | Annual return company with made up date full list shareholders | |
| 2024-07-09 | AR01 | annual-return | Annual return company with made up date full list shareholders | |
| 2024-07-09 | AR01 | annual-return | Annual return company with made up date full list shareholders | |
| 2024-07-09 | AA01 | accounts | Change account reference date company current extended | |
| 2024-07-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-09 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-07-09 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-09 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2024 · period ending 2024-12-31 vs 2024-06-30
-
Turnover
-43.4%
£20,382,404 £11,540,490
lowest in 3 filed years
-
Cash
-15.2%
£392,378 £332,696
-
Net assets
+16.9%
£5,535,240 £6,469,943
highest in 4 filed years
-
Employees
-6.3%
48 45
lowest in 4 filed years
-
Operating profit
-37.2%
£1,727,214 £1,084,452
-
Profit before tax
-39.2%
£1,612,176 £980,417
-
Wages
-36.7%
£1,328,514 £840,827
lowest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers