How much does Forward Industrial Products Group Limited make?

Forward Industrial Products Group Limited reported revenue of £20.4m and £1.1m profit in the year to 30 Jun 2024, according to its accounts filed at Companies House.

How many employees does Forward Industrial Products Group Limited have?

Forward Industrial Products Group Limited reported an average of 48 employees in the year to 30 Jun 2024.

Is Forward Industrial Products Group Limited profitable?

Yes — Forward Industrial Products Group Limited reported a profit of £1.1m in the year to 30 Jun 2024.

Company No. 03341583 · Incorporated 27 Mar 1997

Forward Industrial Products Group Limited

Registered name: FORWARD INDUSTRIAL PRODUCTS GROUP LIMITED

Part of Afc Europe (Holdings) Limited group

Forward Industrial Products Group Limited made £20.4m revenue and £1.1m profit in the year to 30 Jun 2024.

Forward Industrial Products Group Limited’s revenue was £20.4m in the year to 30 Jun 2024, with £1.1m profit and 48 employees. The company is classified under “non-specialised wholesale trade” and is based in Birmingham; we hold 3 years of its filed accounts.

Full profit & loss filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46900Non-specialised wholesale trade

Status: Active
Location: Birmingham, West Midlands
Age: 29 yrs · since 1997
Type: Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Jun 2024

Key figures

Capital-lightCash flow filed

Revenue

£20.4m

Growth —

Profit

£1.1m

Growth —

Profit margin

5.5%

Gross 21.9%

Employees

Change —

Profit / employee

£23.2k

Revenue/employee £425k

Profitable streak

3yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023	30 Jun 2024
Disclosure	Profit & loss	Profit & loss	Profit & loss
Profit & loss
Revenue (turnover)	£20.2m	£22.7m	£20.4m
Cost of sales	£16.4m	£17.8m	£15.9m
Gross profit	£3.9m	£4.9m	£4.5m
Operating profit	£986k	£2.2m	£1.7m
Profit before tax	£823k	£2.1m	£1.6m
Profit after tax	£773k	£1.6m	£1.1m
Profit (best available)	£773k	£1.6m	£1.1m
Staff costs	£1.8m	£1.6m	£1.6m
Employees (average)	55	48	48
Ratios
Profit margin	3.8%	7.2%	5.5%
Gross margin	19.1%	21.8%	21.9%
Revenue per employee	£368k	£473k	£425k
Profit per employee	£14.1k	£33.9k	£23.2k
Cash conversion	19.8%	−59.5%	−103.5%
Growth (year on year)
Revenue growth	—	▲12.4%	—
Profit growth	—	▲110.8%	—
Headcount growth	—	▼12.7%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£268k	£311k	£392k
Net assets	£3.5m	£4.7m	£5.5m
Fixed assets	£133k	£76.1k	£54k
Current assets	£9.6m	£11.5m	£12.9m
Debtors	£4.8m	£5.7m	£5.7m
Deferred income	£296k	£428k	£681k
Cash from operations	£195k	−£1.3m	−£1.8m
Source	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2024	FullAccounts · bulk data Jan 2025

Derived from the latest filing

How the business works

Profit margin: 5.5%; Profit ÷ revenue.
Gross margin: 21.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £425k; Revenue ÷ average employees.
Profit per employee: £23.2k; Profit ÷ average employees.
Cash conversion: −103.5%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 3.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 27.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £5.5m
Cash at bank: —; Now £392k
Headcount: —; Now 48
Deferred income: —; Now £681k
Fixed assets: —; Now £54k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Afc Europe (Holdings) Limitedultimate parent75–100%
Forward Industrial Products Group Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (2)

E-a-P International LimitedFigures not disclosed
Supaseal (UK) LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2024 (profit £1.1m), from the Companies House accounts bulk data published Jan 2025. Spotted an error? Request a correction.