glt limited
glt limited Company Information
Company Number
00306850
Next Accounts
Dec 2025
Shareholders
geoffrey tate
executors of the estate of linda tate
Group Structure
View All
Industry
Non-trading company
Registered Address
yeavering, kirknewton, near wooler, northumberland, NE71 6HG
Website
www.glthome.comglt limited Estimated Valuation
Pomanda estimates the enterprise value of GLT LIMITED at £95.6k based on a Turnover of £176.4k and 0.54x industry multiple (adjusted for size and gross margin).
glt limited Estimated Valuation
Pomanda estimates the enterprise value of GLT LIMITED at £0 based on an EBITDA of £-21.5k and a 4.29x industry multiple (adjusted for size and gross margin).
glt limited Estimated Valuation
Pomanda estimates the enterprise value of GLT LIMITED at £1.2m based on Net Assets of £940.6k and 1.31x industry multiple (adjusted for liquidity).
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Glt Limited Overview
Glt Limited is a live company located in near wooler, NE71 6HG with a Companies House number of 00306850. It operates in the non-trading company sector, SIC Code 74990. Founded in November 1935, it's largest shareholder is geoffrey tate with a 50.3% stake. Glt Limited is a mature, micro sized company, Pomanda has estimated its turnover at £176.4k with healthy growth in recent years.
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Glt Limited Health Check
Pomanda's financial health check has awarded Glt Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £176.4k, make it smaller than the average company (£2.6m)
- Glt Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.7%)
- Glt Limited
6.7% - Industry AVG
Production
with a gross margin of 34.6%, this company has a comparable cost of product (34.6%)
- Glt Limited
34.6% - Industry AVG
Profitability
an operating margin of -12.2% make it less profitable than the average company (5.4%)
- Glt Limited
5.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (34)
2 - Glt Limited
34 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has an equivalent pay structure (£39.7k)
- Glt Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £88.2k, this is less efficient (£138.5k)
- Glt Limited
£138.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Glt Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (39 days)
- Glt Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Glt Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (47 weeks)
19 weeks - Glt Limited
47 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.2%, this is a lower level of debt than the average (38.9%)
3.2% - Glt Limited
38.9% - Industry AVG
GLT LIMITED financials
Glt Limited's latest turnover from March 2024 is estimated at £176.4 thousand and the company has net assets of £940.6 thousand. According to their latest financial statements, Glt Limited has 2 employees and maintains cash reserves of £11.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 135 | 271 | 407 | 543 | 79 | 158 | |||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 960,190 | 910,886 | 975,601 | 1,003,455 | 903,859 | 987,607 | 1,008,378 | 1,010,577 | 961,797 | 1,044,646 | 1,026,535 | 1,033,071 | 977,406 | 977,617 | 1,250,837 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 960,190 | 910,886 | 975,601 | 1,003,455 | 903,859 | 987,742 | 1,008,649 | 1,010,984 | 962,340 | 1,044,646 | 1,026,535 | 1,033,071 | 977,406 | 977,696 | 1,250,995 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 370 | 1,245 | 3,181 | 3,665 | 3,656 | 501 | |||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 320 | 1,496 | 1,496 | 205 | 370 | 11,274 | 3,122 | ||||||||
| Cash | 11,522 | 18,763 | 3,703 | 16,108 | 14,387 | 22,111 | 19,764 | 77,603 | 59,306 | 84,477 | 116,074 | 170,524 | 233,340 | 277,953 | 31,858 |
| misc current assets | |||||||||||||||
| total current assets | 11,522 | 19,083 | 5,199 | 17,604 | 14,592 | 22,111 | 19,764 | 77,973 | 70,580 | 84,847 | 117,319 | 173,705 | 237,005 | 284,731 | 32,359 |
| total assets | 971,712 | 929,969 | 980,800 | 1,021,059 | 918,451 | 1,009,853 | 1,028,413 | 1,088,957 | 1,032,920 | 1,129,493 | 1,143,854 | 1,206,776 | 1,214,411 | 1,262,427 | 1,283,354 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 4,637 | 4,637 | 4,612 | 4,272 | 4,306 | 4,146 | 4,017 | 4,363 | 4,321 | 29,018 | 16,984 | 22,842 | 11,433 | 6,049 | 5,633 |
| Group/Directors Accounts | 7,390 | ||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 26,511 | 33,407 | 44,920 | 76,309 | 45,140 | 28,053 | 12,742 | 18,157 | 13,326 | ||||||
| total current liabilities | 31,148 | 38,044 | 49,532 | 80,581 | 49,446 | 32,199 | 16,759 | 22,520 | 17,647 | 29,018 | 16,984 | 22,842 | 11,433 | 6,049 | 13,023 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 31,148 | 38,044 | 49,532 | 80,581 | 49,446 | 32,199 | 16,759 | 22,520 | 17,647 | 29,018 | 16,984 | 22,842 | 11,433 | 6,049 | 13,023 |
| net assets | 940,564 | 891,925 | 931,268 | 940,478 | 869,005 | 977,654 | 1,011,654 | 1,066,437 | 1,015,273 | 1,100,475 | 1,126,870 | 1,183,934 | 1,202,978 | 1,256,378 | 1,270,331 |
| total shareholders funds | 940,564 | 891,925 | 931,268 | 940,478 | 869,005 | 977,654 | 1,011,654 | 1,066,437 | 1,015,273 | 1,100,475 | 1,126,870 | 1,183,934 | 1,202,978 | 1,256,378 | 1,270,331 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 136 | 136 | 136 | 136 | 79 | 79 | 79 | ||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -320 | -1,176 | 1,291 | 205 | -370 | -10,904 | 10,904 | -875 | -1,936 | -484 | -3,113 | 6,277 | 501 | ||
| Creditors | 25 | 340 | -34 | 160 | 129 | -346 | 42 | -24,697 | 12,034 | -5,858 | 11,409 | 5,384 | 416 | 5,633 | |
| Accruals and Deferred Income | -6,896 | -11,513 | -31,389 | 31,169 | 17,087 | 15,311 | -5,415 | 4,831 | 13,326 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 49,304 | -64,715 | -27,854 | 99,596 | -83,748 | -20,771 | -2,199 | 48,780 | -82,849 | 18,111 | -6,536 | 55,665 | -211 | -273,220 | 1,250,837 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -7,390 | 7,390 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -7,241 | 15,060 | -12,405 | 1,721 | -7,724 | 2,347 | -57,839 | 18,297 | -25,171 | -31,597 | -54,450 | -62,816 | -44,613 | 246,095 | 31,858 |
| overdraft | |||||||||||||||
| change in cash | -7,241 | 15,060 | -12,405 | 1,721 | -7,724 | 2,347 | -57,839 | 18,297 | -25,171 | -31,597 | -54,450 | -62,816 | -44,613 | 246,095 | 31,858 |
glt limited Credit Report and Business Information
Glt Limited Competitor Analysis
Perform a competitor analysis for glt limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in NE71 area or any other competitors across 12 key performance metrics.
glt limited Ownership
GLT LIMITED group structure
Glt Limited has no subsidiary companies.
Ultimate parent company
GLT LIMITED
00306850
glt limited directors
Glt Limited currently has 2 directors. The longest serving directors include Mr Geoffrey Tate (Aug 1992) and Mr Douglas Bramall (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geoffrey Tate | United Kingdom | 88 years | Aug 1992 | - | Director |
| Mr Douglas Bramall | United Kingdom | 89 years | Apr 2021 | - | Director |
P&L
March 2024turnover
176.4k
+3%
operating profit
-21.5k
0%
gross margin
34.7%
-2.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
940.6k
+0.05%
total assets
971.7k
+0.04%
cash
11.5k
-0.39%
net assets
Total assets minus all liabilities
glt limited company details
company number
00306850
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
November 1935
age
90
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
a.& e.tate limited (January 1993)
accountant
-
auditor
-
address
yeavering, kirknewton, near wooler, northumberland, NE71 6HG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
glt limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to glt limited. Currently there are 2 open charges and 0 have been satisfied in the past.
glt limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for GLT LIMITED. This can take several minutes, an email will notify you when this has completed.
glt limited Companies House Filings - See Documents
| date | description | view/download |
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