Fforest Timber Engineering Limited in Gorseinon Swansea, SA4 9WN

Description

Data updated on: 01-11-2023

Fforest Timber Engineering started its operations in 1993 as a Private Limited Company registered with number: 02861517. The firm has been operating for 31 years and the present status is active. This company's headquarters is situated in Gorseinon Swansea at Kestrel Way. Anyone can also find this business using the post code, SA4 9WN. This company's principal business activity number is 32990 which stands for Other manufacturing n.e.c.. The latest annual accounts were submitted for the period up to 2022-12-31 and the most recent annual confirmation statement was released on 2023-10-03.

Fforest Timber Engineering Ltd is a medium-sized vehicle operator with the licence number OG0089948. The firm has one transport operating centre in the country. In their subsidiary in Swansea on Garngoch Industrial Estate, 5 machines and 6 trailers are available.

On 18th February 2015, the corporation was looking for a Factory Operative to fill a full time position in Swansea, Wales. They offered an overtime with salary £26325000 per year. The offered job required no experience.

When it comes to the following firm, the majority of director's responsibilities have been done by Reiland D., Angela W. and Ian D.. Amongst these three people, Ian D. has been with the firm for the longest time, having been a member of officers' team since October 1993. To find professional help with legal documentation, the firm has been utilizing the skillset of Angela W. as a secretary since the appointment on 1993/10/12.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Currency
Net Worth	1 185 512	1 020 773	1 012 639

Balance Sheet
Cash Bank On Hand			79 522	369 333	7 744	28 267	22 646	163 072	274 171	165 394
Current Assets	1 751 698	1 177 131	1 002 229	1 015 403	1 244 241	1 007 903	1 409 446	1 319 434	2 002 779	1 579 326
Debtors	812 207	604 227	491 220	344 855	740 768	564 370	990 685	504 829	855 608	864 315
Net Assets Liabilities				958 266	801 544	804 168	792 382	671 864	435 208	543 081
Other Debtors							341 293	341 222	374 178	410 935
Property Plant Equipment			1 564 483	1 475 219	1 325 470	1 218 603	1 153 279	1 448 473	126 198	141 734
Total Inventories			431 487	301 215	495 729	415 266	435 000	651 533	873 000	549 617
Cash Bank In Hand	4	7 904	79 522
Stocks Inventory	939 487	565 000	431 487
Tangible Fixed Assets	1 518 181	1 622 332	1 564 483

Capital & Reserves
Called Up Share Capital	70 000	70 000	65 000
Profit Loss Account Reserve	498 855	334 116	325 982
Shareholder Funds	1 185 512	1 020 773	1 012 639

Other Financial Data
Accumulated Depreciation Impairment Property Plant Equipment			1 047 844	1 163 062	1 239 657	1 263 383	1 285 441	1 345 286	1 327 917	1 250 315
Average Number Employees During Period						61	67	54	44	46
Bank Borrowings							255 805	1 188 340	278 316	173 075
Bank Borrowings Overdrafts							62 493	134 108	105 241	98 773
Corporation Tax Payable									7 522
Corporation Tax Recoverable							77 528	36 744	10 696	64 308
Creditors				420 334	298 620	263 875	239 050	1 075 001	276 520	175 534
Deferred Tax Asset Debtors									20 308	20 491
Fixed Assets	1 572 181	1 673 332	1 625 483	1 536 219	1 376 470	1 269 603	1 204 279	1 499 473	177 198	192 734
Future Minimum Lease Payments Under Non-cancellable Operating Leases						33 000	33 000
Increase From Depreciation Charge For Year Property Plant Equipment				115 218	105 321	78 059	62 558	59 845	38 768	43 480
Investments Fixed Assets	54 000	51 000	61 000	61 000	51 000	51 000	51 000	51 000	51 000	51 000
Investments In Group Undertakings Participating Interests						51 000	51 000	51 000	51 000	51 000
Net Current Assets Liabilities	242 119	11 273	-55 065	-27 672	-145 774	-85 834	-63 374	300 455	534 530	525 881
Number Shares Issued Fully Paid					55 000
Other Creditors							800 135	94 187	274 696	191 060
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment					28 726	54 333	40 500		56 137	121 082
Other Disposals Property Plant Equipment				10 000	182 676	83 141	85 238		1 371 637	126 377
Other Taxation Social Security Payable							27 838	57 758	199 785	39 985
Par Value Share		1	1		1
Property Plant Equipment Gross Cost			2 612 327	2 638 281	2 565 127	2 481 986	2 438 720	2 793 759	1 454 115	1 392 049
Provisions For Liabilities Balance Sheet Subtotal				129 947	130 532	115 726	109 473	53 063
Total Additions Including From Business Combinations Property Plant Equipment				35 954	109 522		41 972	355 039	31 993	64 311
Total Assets Less Current Liabilities	1 814 300	1 684 605	1 570 418	1 508 547	1 230 696	1 183 769	1 140 905	1 799 928	711 728	718 615
Total Borrowings							193 312	1 054 232	173 075	74 302
Trade Creditors Trade Payables							621 239	732 926	881 005	723 627
Trade Debtors Trade Receivables							571 864	126 863	450 426	368 581
Creditors Due After One Year	594 116	596 136	495 959
Creditors Due Within One Year	1 509 579	1 165 858	1 057 294
Number Shares Allotted		70 000	65 000
Other Reserves	56 492	56 492	61 492
Percentage Associate Held			33
Percentage Subsidiary Held		100	100
Provisions For Liabilities Charges	34 672	67 696	61 820
Revaluation Reserve	440 165	440 165	440 165
Share Capital Allotted Called Up Paid	70 000	70 000	65 000
Share Premium Account	120 000	120 000	120 000
Tangible Fixed Assets Additions		225 504	84 974
Tangible Fixed Assets Cost Or Valuation	2 494 515	2 615 491	2 612 328
Tangible Fixed Assets Depreciation	976 334	983 158	1 047 845
Tangible Fixed Assets Depreciation Charged In Period		94 872	123 721
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		88 048	59 035
Tangible Fixed Assets Disposals		114 529	88 137