Tyneside Safety Glass Company Limited

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tyneside safety glass company limited Company Information

Company Number

00359744

Next Accounts

Jul 2025

Directors

Roger Torns

Christopher Hannant

Shareholders

321 holdings limited

Group Structure

View All

Industry

Manufacture of flat glass

Registered Address

victoria house, 50-58 victoria road, farnborough, hampshire, GU14 7PG

Website

www.tynesidesafetyglass.com

tyneside safety glass company limited Estimated Valuation

£8.8m

Pomanda estimates the enterprise value of TYNESIDE SAFETY GLASS COMPANY LIMITED at £8.8m based on a Turnover of £13.7m and 0.64x industry multiple (adjusted for size and gross margin).

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Tyneside Safety Glass Company Limited is a live company located in farnborough, GU14 7PG with a Companies House number of 00359744. It operates in the manufacture of flat glass sector, SIC Code 23110. Founded in March 1940, it's largest shareholder is 321 holdings limited with a 100% stake. Tyneside Safety Glass Company Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.7m with low growth in recent years.

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Pomanda's financial health check has awarded Tyneside Safety Glass Company 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

Health Rating1.5out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £13.7m, make it smaller than the average company (£17.1m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.2%)

EXPORT

Tyneside Safety Glass Company Limited's latest turnover from October 2023 is £13.7 million and the company has net assets of £1.8 million. According to their latest financial statements, Tyneside Safety Glass Company Limited has 119 employees and maintains cash reserves of £390.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	13,679,475	10,969,662	10,207,733	12,615,424	12,047,475	14,332,611	12,554,546	11,843,653	12,493,839	12,716,125	12,843,730	13,865,155	12,333,493	9,356,496
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,823,810	8,424,124	7,358,912	11,774,875	9,984,568	11,086,700	9,517,941	9,398,323	10,978,157	10,610,474	10,201,287	10,629,701	9,920,577	7,468,724
Gross Profit	2,855,665	2,545,538	2,848,821	840,549	2,062,907	3,245,911	3,036,605	2,445,330	1,515,682	2,105,651	2,642,443	3,235,454	2,412,916	1,887,772
Admin Expenses	2,407,307	2,215,722	2,002,330	3,160,813	1,569,719	2,368,800	2,232,913	2,142,122	1,835,262	2,041,179	2,159,437	2,277,446	2,195,539	2,059,519
Operating Profit	448,358	329,816	846,491	-2,320,264	493,188	877,111	803,692	303,208	-319,580	64,472	483,006	958,008	217,377	-171,747
Interest Payable	32,021	29,142	41,283	42,853	43,751	41,823	16,925	16,206	35,298	13,967	14,877	27,490	58,245	75,393
Interest Receivable	0	0	0	0	0	0	0	0	4	4	4	80	0	16
Pre-Tax Profit	416,337	300,674	805,208	-2,363,117	449,437	835,288	786,767	287,002	-354,874	50,509	468,133	930,598	159,132	-247,124
Tax	-29,000	-15,845	-233,171	506,725	56,731	-75,678	-14,977	84,315	70,250	70,406	141,766	31,413	30,953	14,880
Profit After Tax	387,337	284,829	572,037	-1,856,392	506,168	759,610	771,790	371,317	-284,624	120,915	609,899	962,011	190,085	-232,244
Dividends Paid	0	0	0	0	750,000	750,000	750,000	0	0	0	0	998,400	0	0
Retained Profit	387,337	284,829	572,037	-1,856,392	-243,832	9,610	21,790	371,317	-284,624	120,915	609,899	-36,389	190,085	-232,244
Employee Costs	4,337,431	3,678,502	3,430,447	6,281,135	4,187,259	4,233,368	4,195,636	3,956,367	4,020,124	4,059,125	4,212,049	4,164,777	3,562,072	3,203,063
Number Of Employees	119	106	101	140	157	155	155	160	166	188	193	177	149	142
EBITDA*	932,547	594,818	1,074,015	-1,816,586	931,392	1,270,838	1,165,221	750,406	244,555	653,843	1,069,756	1,535,538	810,873	441,744

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,689,183	1,763,017	1,521,666	1,612,664	2,778,595	2,608,637	1,670,481	1,690,704	2,141,676	2,301,569	2,500,546	2,936,530	3,221,441	3,652,766
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,689,183	1,763,017	1,521,666	1,612,664	2,778,595	2,608,637	1,670,481	1,690,704	2,141,676	2,301,569	2,500,546	2,936,530	3,221,441	3,652,766
Stock & work in progress	840,090	1,121,027	771,913	815,027	908,528	777,593	781,195	520,473	870,525	752,440	626,072	548,801	569,875	494,946
Trade Debtors	1,848,064	1,520,577	1,273,029	1,493,926	1,805,001	2,236,860	1,997,927	1,925,045	2,627,517	2,620,012	2,600,200	2,808,014	2,677,452	2,092,853
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	1,396	0	0
Misc Debtors	216,000	135,563	121,137	372,371	111,334	84,532	216,904	101,278	124,249	182,492	137,745	163,036	135,419	194,535
Cash	390,296	710,031	870,836	2,410,086	213,149	527,086	664,943	168,955	261,992	60,609	90,562	6,626	1,787	4,828
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,294,450	3,487,198	3,036,915	5,091,410	3,038,012	3,626,071	3,660,969	2,715,751	3,884,283	3,615,553	3,454,579	3,527,873	3,384,533	2,787,162
total assets	4,983,633	5,250,215	4,558,581	6,704,074	5,816,607	6,234,708	5,331,450	4,406,455	6,025,959	5,917,122	5,955,125	6,464,403	6,605,974	6,439,928
Bank overdraft	0	0	0	0	0	0	0	0	1,522,518	656,428	332,653	313,531	402,687	634,925
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,506,643	1,231,707	938,113	966,722	977,745	1,210,996	932,107	743,642	1,219,501	1,133,575	1,195,667	1,292,102	1,326,798	1,059,929
Group/Directors Accounts	0	0	225,140	225,140	360,000	0	0	0	0	101,542	500,000	500,000	234,455	118,951
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	128,659	241,718	330,813	295,492	321,659	339,742	160,176	82,015	77,331	14,283	97,363	149,860	247,526	343,366
other current liabilities	765,723	1,826,879	1,540,698	2,925,049	783,626	1,084,886	1,003,554	577,898	500,171	546,272	647,313	742,262	678,522	389,429
total current liabilities	2,401,025	3,300,304	3,034,764	4,412,403	2,443,030	2,635,624	2,095,837	1,403,555	3,319,521	2,452,100	2,772,996	2,997,755	2,889,988	2,546,600
loans	100,000	225,140	0	1,200,000	150,000	0	0	0	0	626,800	396,800	1,046,800	998,400	998,400
hp & lease commitments	278,368	119,536	219,256	550,070	678,364	741,165	396,053	177,498	259,513	36,946	1,058	98,421	236,214	465,970
Accruals and Deferred Income	0	0	0	6,072	24,286	36,429	48,572	60,715	77,358	103,000	137,043	175,286	213,529	251,770
other liabilities	0	0	0	0	0	0	0	0	0	0	0	8,963	31,375	31,770
provisions	424,508	212,840	196,995	0	129,006	185,737	164,845	160,334	136,531	180,616	250,483	350,332	413,233	512,268
total long term liabilities	802,876	557,516	416,251	1,756,142	981,656	963,331	609,470	398,547	473,402	947,362	785,384	1,679,802	1,892,751	2,260,178
total liabilities	3,203,901	3,857,820	3,451,015	6,168,545	3,424,686	3,598,955	2,705,307	1,802,102	3,792,923	3,399,462	3,558,380	4,677,557	4,782,739	4,806,778
net assets	1,779,732	1,392,395	1,107,566	535,529	2,391,921	2,635,753	2,626,143	2,604,353	2,233,036	2,517,660	2,396,745	1,786,846	1,823,235	1,633,150
total shareholders funds	1,779,732	1,392,395	1,107,566	535,529	2,391,921	2,635,753	2,626,143	2,604,353	2,233,036	2,517,660	2,396,745	1,786,846	1,823,235	1,633,150

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	448,358	329,816	846,491	-2,320,264	493,188	877,111	803,692	303,208	-319,580	64,472	483,006	958,008	217,377	-171,747
Depreciation	484,189	265,002	227,524	503,678	438,204	393,727	361,529	447,198	564,135	589,371	586,750	577,530	593,496	613,491
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-29,000	-15,845	-233,171	506,725	56,731	-75,678	-14,977	84,315	70,250	70,406	141,766	31,413	30,953	14,880
Stock	-280,937	349,114	-43,114	-93,501	130,935	-3,602	260,722	-350,052	118,085	126,368	77,271	-21,074	74,929	494,946
Debtors	407,924	261,974	-472,131	-50,038	-405,057	106,561	188,508	-725,443	-50,738	64,559	-234,501	159,575	525,483	2,287,388
Creditors	274,936	293,594	-28,609	-11,023	-233,251	278,889	188,465	-475,859	85,926	-62,092	-96,435	-34,696	266,869	1,059,929
Accruals and Deferred Income	-1,061,156	286,181	-1,390,423	2,123,209	-313,403	69,189	413,513	61,084	-71,743	-135,084	-133,192	25,497	250,852	641,199
Deferred Taxes & Provisions	211,668	15,845	196,995	-129,006	-56,731	20,892	4,511	23,803	-44,085	-69,867	-99,849	-62,901	-99,035	512,268
Cash flow from operations	202,008	563,505	134,052	816,858	658,860	1,461,171	1,307,503	1,519,244	217,556	266,279	1,039,276	1,356,350	660,100	-112,314
Investing Activities
capital expenditure	-410,355	-506,353	-136,526	662,253	-608,162	-1,331,883	-341,306	3,774	-404,242	-390,394	-150,766	-292,619	-162,171	-58,285
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-410,355	-506,353	-136,526	662,253	-608,162	-1,331,883	-341,306	3,774	-404,242	-390,394	-150,766	-292,619	-162,171	-58,285
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-225,140	0	-134,860	360,000	0	0	0	-101,542	-398,458	0	265,545	115,504	118,951
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-125,140	225,140	-1,200,000	1,050,000	150,000	0	0	0	-626,800	230,000	-650,000	48,400	0	998,400
Hire Purchase and Lease Commitments	45,773	-188,815	-295,493	-154,461	-80,884	524,678	296,716	-77,331	285,615	-47,192	-149,860	-235,459	-325,596	809,336
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-8,963	-22,412	-395	31,770
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,865,394
interest	-32,021	-29,142	-41,283	-42,853	-43,751	-41,823	-16,925	-16,206	-35,294	-13,963	-14,873	-27,410	-58,245	-75,377
cash flow from financing	-111,388	-217,957	-1,536,776	717,826	385,365	482,855	279,791	-93,537	-478,021	-229,613	-823,696	28,664	-268,732	3,748,474
cash and cash equivalents
cash	-319,735	-160,805	-1,539,250	2,196,937	-313,937	-137,857	495,988	-93,037	201,383	-29,953	83,936	4,839	-3,041	4,828
overdraft	0	0	0	0	0	0	0	-1,522,518	866,090	323,775	19,122	-89,156	-232,238	634,925
change in cash	-319,735	-160,805	-1,539,250	2,196,937	-313,937	-137,857	495,988	1,429,481	-664,707	-353,728	64,814	93,995	229,197	-630,097

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TYNESIDE SAFETY GLASS COMPANY LIMITED group structure

Tyneside Safety Glass Company Limited has no subsidiary companies.

Ultimate parent company

321 HOLDINGS LIMITED

10308860

SUNTEX SAFETY GLASS INDUSTRIES LIMITED

00332099

2 parents

TYNESIDE SAFETY GLASS COMPANY LIMITED

00359744

TYNESIDE SAFETY GLASS COMPANY LIMITED Shareholders

321 holdings limited

100%

Tyneside Safety Glass Company Limited currently has 2 directors. The longest serving directors include Mr Roger Torns (Dec 1999) and Mr Christopher Hannant (Dec 2003).

officer	country	age	start	end	role
Mr Roger Torns	United Kingdom	52 years	Dec 1999	-	Director
Mr Christopher Hannant	United Kingdom	53 years	Dec 2003	-	Director

P&L

October 2023

turnover

13.7m

+25%

operating profit

448.4k

+36%

gross margin

20.9%

-10.04%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2023

net assets

1.8m

+0.28%

total assets

-0.05%

cash

390.3k

-0.45%

net assets

Total assets minus all liabilities

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company number

00359744

Type

Private limited with Share Capital

industry

23110 - Manufacture of flat glass

incorporation date

March 1940

ultimate parent company

321 HOLDINGS LIMITED

previous names

N/A

address

victoria house, 50-58 victoria road, farnborough, hampshire, GU14 7PG

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 5 charges/mortgages relating to tyneside safety glass company limited. Currently there are 4 open charges and 1 have been satisfied in the past.

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tyneside safety glass company limited Company Information

tyneside safety glass company limited Estimated Valuation

tyneside safety glass company limited Estimated Valuation

tyneside safety glass company limited Estimated Valuation

Tyneside Safety Glass Company Limited Overview

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TYNESIDE SAFETY GLASS COMPANY LIMITED financials

tyneside safety glass company limited Credit Report and Business Information

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tyneside safety glass company limited Ownership

tyneside safety glass company limited directors

tyneside safety glass company limited company details

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