With over 20 years’ experience, Essex Forge Ltd. is a well established and trusted name in architectural metalwork across the south of England. They boast having earned a stellar 4.8-star rating on Trustpilot from over 150 satisfied clients. Their main projects include the crafting of staircases, balconies, and balustrades, though they are expanding to provide wider metalworking services. They have come to Crowd2Fund seeking funds for expansion.
Artisanal Architectural Metalwork to Bring Your Visions to Life
Essex Forge Ltd. is a rapidly growing architectural metalwork fabrication company, headquartered in Essex and serving the entire south of England. Since our inception, we have specialised in crafting bespoke staircases, balconies, and balustrades for both construction companies and individual clients, consistently earning outstanding reviews for our quality, reliability, and attention to detail.
As part of our commitment to providing a comprehensive service, we’ve invested significantly in top-of-the-line machinery and assembled a talented in-house design team. This allows us to deliver a seamless, one-stop solution for clients who need custom metalwork that combines structural integrity with design finesse.
Now, we’re inviting investors to join us on the next stage of our journey. The funds we’re seeking will enable us to further expand our production capabilities, refine our fabrication techniques, and explore eco-friendly materials and processes. This investment will fuel our vision to meet increasing market demand and establish Essex Forge as a leader in architectural metalwork across the UK. By investing in Essex Forge Ltd., you’re partnering with a company that stands for quality, innovation, and growth in a sector where our craftsmanship and customer service set us apart.
Credit Commentary
Established in September 2021, Essex Forge is a welding and fabrication company that offers a wide range of steel fabrication within staircases, balustrades, railings, fencing and metal gates, including main entrance gates, automated pedestrian, and security gates.
The sole owner/director, Mr. Jason Tipple, has a good credit profile (but is not a homeowner) and the company holds an Equifax report of B. The loan amount would be directed towards working capital needs, that is, to negotiate cheaper terms from suppliers. The director has established good relationships and word-of-mouth recommendations with his clients. Around 60% of the business is commercial repeat work with well-known contractors, and the remaining is with new clients. Looking at its financials, the company has registered impressive growth in its turnover (FY2024: £1m; FY2023: 967K; FY2022: £189K), albeit recorded a decline in gross margins (FY2024: 19.7%; FY2023: 24.3%) owing to inflationary pressures and the rising cost of material and labour. The EBIDTA of £102K (FY2023: £112K) for the year ended September 2024, along with a good debt servicing cover is sufficient to cover the proposed loan facility. The bank statements demonstrate good affordability, and the accounts remain well in credit. Considering the current mitigants the company has enough capabilities to afford and cover the loan proposed.
Inflation Risk
As per the company management, the business is not much impacted by inflation as they adjust product prices in line with inflation and procure raw materials, often paying upfront, which provides them with better rates.
Loan
