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Forged Solutions Group Revenue

Forged Solutions Group revenue was £70.97 m in FY, 2020 which is a 29.9% year over year decrease from the previous period.

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Summary - Funding Rounds

Founding Date

2019

Forged Solutions Group Revenue Breakdown

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Forged Solutions Group revenue breakdown by business segment: 98.5% from Sales of Goods and 1.5% from Other

Forged Solutions Group revenue breakdown by geographic segment: 20.3% from Rest of Europe, 48.9% from Rest of World and 30.9% from United Kingdom

Forged Solutions Group Income Statement

Annual

GBPFY, 2018FY, 2019FY, 2020

Revenue

100.2m101.2m71.0m

Revenue growth, %

(4%)1%(30%)

Cost of goods sold

97.2m96.6m72.2m

Gross profit

3.0m4.6m(1.2m)

Gross profit Margin, %

3%5%(2%)

Sales and marketing expense

878.0k1.1m626.0k

General and administrative expense

1.3m4.1m3.6m

Operating expense total

2.1m6.6m6.7m

EBIT

882.0k(593.0k)(5.5m)

EBIT margin, %

1%(1%)(8%)

Interest expense

638.0k774.0k606.0k

Pre tax profit

244.0k(1.4m)(6.1m)

Income tax expense

66.0k(286.0k)186.0k

Net Income

178.0k(1.1m)(6.3m)

Forged Solutions Group Balance Sheet

Annual

GBPFY, 2018FY, 2019FY, 2020

Cash

242.0k11.3m828.0k

Accounts Receivable

18.5m18.7m10.6m

Prepaid Expenses

1.1m580.0k1.6m

Inventories

38.4m42.6m34.2m

Current Assets

71.0m83.3m55.3m

PP&E

27.8m28.2m30.0m

Total Assets

99.3m111.5m85.3m

Accounts Payable

15.4m21.6m10.2m

Short-term debt

90.0k

Current Liabilities

49.5m26.2m14.1m

Long-term debt

28.9m18.2m

Non-Current Liabilities

2.9m31.1m19.4m

Total Debt

28.9m18.3m

Common Stock

4.9m4.9m8.9m

Retained Earnings

40.6m48.3m42.0m

Total Equity

46.9m54.2m51.9m

Debt to Equity Ratio

0.5 x0.4 x

Debt to Assets Ratio

0.3 x0.2 x

Financial Leverage

2.1 x2.1 x1.6 x

Forged Solutions Group Cash Flow

Annual

GBPFY, 2018FY, 2019FY, 2020

Net Income

178.0k(1.1m)(6.3m)

Depreciation and Amortization

2.0m3.4m3.6m

Accounts Receivable

1.6m3.6m7.0m

Inventories

(1.5m)(4.1m)8.4m

Accounts Payable

(3.4m)3.9m(12.7m)

Cash From Operating Activities

(1.8m)6.0m1.3m

Capital Expenditures

(4.0m)(3.9m)(5.1m)

Cash From Investing Activities

(3.3m)(3.8m)(4.9m)

Long-term Borrowings

(27.9m)(11.1m)

Dividends Paid

(29.5m)

Cash From Financing Activities

3.6m8.9m(6.9m)

Net Change in Cash

(1.5m)11.1m(10.5m)

Interest Paid

638.0k774.0k548.0k

Free Cash Flow

(5.8m)2.1m(3.9m)

Forged Solutions Group Ratios

GBPFY, 2018

Revenue/Employee

208.8k

Financial Leverage

2.1 x

Forged Solutions Group Operating Metrics

Jun, 2021

Manufacturing Sites

5

Markets

6

Forged Solutions Group Human Capital

Job Roles

FY, 2019FY, 2018FY, 2017
Administrative and Support6%6.9%5.4%
Production94%93.1%94.6%

Forged Solutions Group Employee Rating

3.65 votes
Culture & Values
N/A
Work/Life Balance
N/A
Senior Management
N/A
Salary & Benefits
N/A
Career Opportunities
N/A
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