INDEPENDENT FORGINGS & ALLOYS LIMITED
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Cash
£1M
+1,607.9% highest in 5 filed years
Net assets
£26M
+18.5% highest in 5 filed years
Employees
276
+8.7% highest in 5 filed years
Profit before tax
£6.6M
-25.7% vs 2024
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £26,229,765 | — | — | £47,113,818 | £50,703,228 | +7.6% | |
| Operating profit | £2,367,506 | — | — | £9,509,082 | £7,196,611 | -24.3% | |
| Profit before tax | £2,213,364 | £2,179,022 | £2,553,019 | £8,883,950 | £6,604,963 | -25.7% | |
| Net profit | £2,116,381 | £1,790,362 | £2,392,519 | £7,832,016 | £5,497,845 | -29.8% | |
| Cash | £143,726 | £158,890 | £805,815 | £60,283 | £1,029,547 | +1,607.9% | |
| Total assets less current liabilities | £17,678,360 | £18,894,503 | £20,058,856 | £23,020,710 | £27,196,711 | +18.1% | |
| Net assets | £13,208,367 | £14,488,729 | £15,711,248 | £21,608,264 | £25,606,109 | +18.5% | |
| Equity | £13,208,367 | £14,488,729 | £15,711,248 | £21,608,264 | £25,606,109 | +18.5% | |
| Average employees | 179 | 185 | 223 | 254 | 276 | +8.7% | |
| Wages | £7,127,270 | £6,554,221 | £8,708,965 | £10,625,877 | £11,650,574 | +9.6% | |
| Directors' remuneration | £879,210 | £861,843 | £1,063,817 | £1,359,984 | £1,088,844 | -19.9% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|
| Operating margin | 9.0% | — | — | 20.2% | 14.2% | |
| Net margin | 8.1% | — | — | 16.6% | 10.8% | |
| Return on capital employed | 13.4% | — | — | 41.3% | 26.5% | |
| Gearing (liabilities / total assets) | — | — | — | 45.5% | 49.4% | |
| Current ratio | — | — | — | 1.89x | 1.79x | |
| Interest cover | 15.32x | — | — | 15.21x | 12.16x |
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.
Name history
Renamed 1 time since incorporation
- INDEPENDENT FORGINGS & ALLOYS LIMITED 2001-01-15 → present
- BROOMCO (2414) LIMITED 2000-12-11 → 2001-01-15
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- BHP LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”
Significant events
- “The exciting investment from Trive Capital will power the growth figures higher than previously reported with a target of £65m for the year to 31 March 2026.”
- “Following the investment from Trive Capital, all bank loans have been repaid with only the current finance leases remaining.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 20 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Gareth | Director | 2025-03-20 | Dec 1970 | British |
| GAINES, David William | Director | 2026-02-01 | Nov 1996 | American |
| MCGUINNESS, Andrew | Director | 2001-02-16 | Mar 1966 | British |
| STINNETT, David Mathias | Director | 2025-02-06 | Nov 1982 | American |
| SYSON, Craig Malcolm | Director | 2025-03-20 | Nov 1971 | British |
Show 20 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURNHAM, Martin Edward, Mr. | Secretary | 2001-01-12 | 2001-01-12 |
| BURNHAM, Penelope Ann | Secretary | 2001-01-12 | 2001-05-31 |
| SWOROWSKI, Betty | Secretary | 2001-06-01 | 2002-12-05 |
| SYSON, Craig | Secretary | 2002-12-05 | 2025-02-06 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Secretary | 2000-12-11 | 2001-01-12 |
| BURNHAM, Martin Edward, Mr. | Director | 2001-01-12 | 2025-02-06 |
| BURNHAM, Penelope Ann | Director | 2001-01-12 | 2001-01-12 |
| DAVIES, Gareth | Director | 2004-08-17 | 2025-02-06 |
| GREEN, Peter | Director | 2001-02-16 | 2004-05-01 |
| HAMILTON, John | Director | 2025-02-06 | 2026-02-01 |
| MARSH, David John | Director | 2001-02-16 | 2006-12-13 |
| METCALFE, Eunice May | Director | 2014-06-02 | 2021-12-07 |
| NAYLOR, Martin | Director | 2006-08-01 | 2025-02-06 |
| SAVILE, Anthony David | Director | 2014-01-01 | 2025-02-06 |
| SAVILE, Anthony David | Director | 2009-02-02 | 2011-08-16 |
| SYSON, Craig | Director | 2004-04-01 | 2025-02-06 |
| TOMLINSON, Mark Alexander | Director | 2022-02-01 | 2025-02-06 |
| WADE, Andrew Paul | Director | 2009-12-09 | 2025-02-06 |
| DLA NOMINEES LIMITED | Corporate Nominee Director | 2000-12-11 | 2001-01-12 |
| DLA SECRETARIAL SERVICES LIMITED | Corporate Nominee Director | 2000-12-11 | 2001-01-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ifa Metals International Limited | Corporate entity | Shares 75–100% | 2016-06-30 | Active |
Filing timeline
Last 20 of 170 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-03-26 MA Memorandum articles
- 2025-03-26 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-24 | CH01 | officers | Change person director company with change date | |
| 2026-02-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-12 | AA | accounts | Accounts with accounts type full | |
| 2025-03-26 | MA | incorporation | Memorandum articles | |
| 2025-03-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-03-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-12-13 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- 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.