Glen Group Ltd.

glen group ltd. Company Information

Company Number

01582924

Next Accounts

Sep 2025

Directors

Ross Barnes

David Seaton

Shareholders

merak uk holdings limited

Group Structure

View All

Industry

General cleaning of buildings

Registered Address

ground floor, 2 britannia buildings, merchants road hotwells, bristol, BS8 4QD

Website

www.glencleaning.co.uk

glen group ltd. Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of GLEN GROUP LTD. at £6.9m based on a Turnover of £18.5m and 0.37x industry multiple (adjusted for size and gross margin).

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Glen Group Ltd. is a live company located in merchants road hotwells, BS8 4QD with a Companies House number of 01582924. It operates in the general cleaning of buildings sector, SIC Code 81210. Founded in August 1981, it's largest shareholder is merak uk holdings limited with a 100% stake. Glen Group Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £18.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Glen Group Ltd. a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £18.5m, make it larger than the average company (£314.5k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7.7%)

EXPORT

Glen Group Ltd.'s latest turnover from December 2023 is £18.5 million and the company has net assets of £235.5 thousand. According to their latest financial statements, Glen Group Ltd. has 1,611 employees and maintains cash reserves of £17 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	18,469,572	18,187,936	16,881,397	15,362,355	15,313,615	14,454,062	13,339,640	12,014,196	10,116,076	8,773,456	10,092,424	11,048,452	11,311,741	11,007,295	10,593,084
Other Income Or Grants
Cost Of Sales	15,794,716	15,934,384	14,596,514	13,736,806	13,683,876	13,050,399	12,171,340	11,038,463	9,139,786	7,852,547	8,922,138	9,817,653	10,275,326	9,977,374	9,423,157
Gross Profit	2,674,856	2,253,552	2,284,883	1,625,549	1,629,739	1,403,663	1,168,300	975,733	976,290	920,909	1,170,286	1,230,799	1,036,415	1,029,921	1,169,927
Admin Expenses	2,248,573	1,827,776	1,403,903	716,973	1,156,911	942,540	918,481	827,048	845,411	813,290	930,007	945,793	872,746	846,965	897,079
Operating Profit	426,283	425,776	880,980	908,576	472,828	461,123	249,819	148,685	130,879	107,619	240,279	285,006	163,669	182,956	272,848
Interest Payable	382,783	252,696	53,348	33,744	35,821	53,160	70,040	48,977	33,121	33,390	36,824	38,228	37,079	27,603	24,173
Interest Receivable													713
Pre-Tax Profit	43,500	173,080	827,632	874,832	436,279	407,123	178,939	81,332	81,918	58,389	192,615	245,938	126,463	154,513	248,463
Tax	-55,525	-31,501	-140,336	-134,773	-70,520	-80,770	-27,072	-12,210	-19,343	-15,438	-35,577	-58,042	-34,188	-46,510	-66,899
Profit After Tax	-12,025	141,579	687,296	740,059	365,759	326,353	151,867	69,122	62,575	42,951	157,038	187,896	92,275	108,003	181,564
Dividends Paid	186,000	200,500	820,500	1,200,000	70,333	69,144	74,040	57,030	30,450	6,000	117,433	104,433	156,433	104,433	144,433
Retained Profit	-198,025	-58,921	-133,204	-459,941	295,426	257,209	77,827	12,092	32,125	36,951	39,605	83,463	-64,158	3,570	37,131
Employee Costs	15,377,379	15,411,531	14,461,793	13,373,377	13,178,089	12,532,087	11,688,349	10,449,388	8,650,894	7,453,407	8,543,581	9,325,193	9,660,731	9,460,570	9,093,863
Number Of Employees	1,611	1,621	1,574	1,601	1,818	1,750	1,683	1,529	1,473	1,444	1,096	1,445	1,446	1,732	1,821
EBITDA*	772,206	750,334	1,147,567	1,151,069	743,902	738,928	540,482	370,884	281,078	239,178	379,113	426,628	316,077	305,479	364,874

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	784,226	729,893	599,644	609,124	553,800	770,445	841,523	825,049	728,184	546,212	345,975	400,613	371,662	384,096	262,340
Intangible Assets												213,080	229,600	249,880	45,491
Investments & Other					102	830	1,670	244,972	263,348	279,188	295,028	5,768	6,608	14,108	12,608
Debtors (Due After 1 year)
Total Fixed Assets	784,226	729,893	599,644	609,124	553,902	771,275	843,193	1,070,021	991,532	825,400	641,003	619,461	607,870	648,084	320,439
Stock & work in progress	119,784	59,115	63,676	66,995	35,060	35,642	34,085	30,607	24,097	27,238	30,173	27,397	26,069	23,422	19,440
Trade Debtors	3,130,814	2,164,126	1,590,214	1,920,875	1,677,316	1,503,909	1,695,835	1,325,272	1,193,224	1,067,930	1,109,833	1,436,571	1,476,075	1,592,419	1,558,326
Group Debtors	4,296,331	4,389,627	919,668	1,188,360	1,194,668	132,478	132,500	132,500	132,500	132,500	132,500	132,500	196,517	132,500	132,500
Misc Debtors	121,453	37,782	220,765	30,922	20,778	7,373	6,326	23,080	40,236	36,719	49,510	21,818	64,613	96,784	28,649
Cash	16,987	76,729	58,420	377,421	107,668	158,829	473	679	166,001	81,629	11,728	300,522	331	22,490	591
misc current assets
total current assets	7,685,369	6,727,379	2,852,743	3,584,573	3,035,490	1,838,231	1,869,219	1,512,138	1,556,058	1,346,016	1,333,744	1,918,808	1,763,605	1,867,615	1,739,506
total assets	8,469,595	7,457,272	3,452,387	4,193,697	3,589,392	2,609,506	2,712,412	2,582,159	2,547,590	2,171,416	1,974,747	2,538,269	2,371,475	2,515,699	2,059,945
Bank overdraft						555,802	708,835	431,948	714,558	577,720	351,468		256,764		289,307
Bank loan	503,991	503,991			1,313,968
Trade Creditors	1,443,506	881,612	196,446	138,918	120,313	45,649	106,384	66,819	58,896	61,503	62,422	92,349	129,701	190,330	74,573
Group/Directors Accounts	738,689	500,667			102	16,978		4,453	5,750			58	66,902	401	3,635
other short term finances	2,394,546	1,601,634	1,211,363	1,465,263									426,753	656,637	401,506
hp & lease commitments	233,188	205,824	169,217	167,857		146,443	173,266	143,282	84,838	62,452	60,992	74,190	47,827	29,455	9,472
other current liabilities	954,218	941,104	1,184,733	1,544,984	838,979	810,928	894,394	926,580	702,483	645,937	897,674	1,843,516	1,007,189	1,145,790	861,982
total current liabilities	6,268,138	4,634,832	2,761,759	3,317,022	2,273,362	1,575,800	1,882,879	1,573,082	1,566,525	1,347,612	1,372,556	2,010,113	1,935,136	2,022,613	1,640,475
loans	1,595,970	2,099,960			140,811	1,006	11,655	264,417	274,374	242,564	242,564
hp & lease commitments	239,942	180,313	111,041	173,615		119,653	142,411	144,980	124,507	54,957	37,075	70,042	55,137	36,806
Accruals and Deferred Income
other liabilities
provisions	130,013	101,110	72,109	54,878	59,806	85,770	97,929	92,609	81,745	53,169	19,669	33,012	29,063	27,403	1,563
total long term liabilities	1,965,925	2,381,383	183,150	228,493	200,617	206,429	254,485	512,666	491,826	371,490	324,108	128,134	96,780	64,209	1,563
total liabilities	8,234,063	7,016,215	2,944,909	3,545,515	2,473,979	1,782,229	2,137,364	2,085,748	2,058,351	1,719,102	1,696,664	2,138,247	2,031,916	2,086,822	1,642,038
net assets	235,532	441,057	507,478	648,182	1,115,413	827,277	575,048	496,411	489,239	452,314	278,083	400,022	339,559	428,877	417,907
total shareholders funds	235,532	441,057	507,478	648,182	1,115,413	827,277	575,048	496,411	489,239	452,314	278,083	400,022	339,559	428,877	417,907

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	426,283	425,776	880,980	908,576	472,828	461,123	249,819	148,685	130,879	107,619	240,279	285,006	163,669	182,956	272,848
Depreciation	345,923	324,558	266,587	242,493	271,074	277,805	290,663	222,199	150,199	131,559	138,834	125,102	132,128	97,262	81,905
Amortisation												16,520	20,280	25,261	10,121
Tax	-55,525	-31,501	-140,336	-134,773	-70,520	-80,770	-27,072	-12,210	-19,343	-15,438	-35,577	-58,042	-34,188	-46,510	-66,899
Stock	60,669	-4,561	-3,319	31,935	-582	1,557	3,478	6,510	-3,141	-2,935	2,776	1,328	2,647	3,982	19,440
Debtors	957,063	3,860,888	-409,510	247,395	1,249,002	-190,901	353,809	114,892	128,811	-54,694	-299,046	-146,316	-84,498	102,228	1,719,475
Creditors	561,894	685,166	57,528	18,605	74,664	-60,735	39,565	7,923	-2,607	-919	-29,927	-37,352	-60,629	115,757	74,573
Accruals and Deferred Income	13,114	-243,629	-360,251	706,005	28,051	-83,466	-32,186	224,097	56,546	-251,737	-945,842	836,327	-138,601	283,808	861,982
Deferred Taxes & Provisions	28,903	29,001	17,231	-4,928	-25,964	-12,159	5,320	10,864	28,576	33,500	-13,343	3,949	1,660	25,840	1,563
Cash flow from operations	302,860	-2,666,956	1,134,568	1,456,648	-498,287	691,142	168,822	480,156	218,580	62,213	-349,306	1,316,498	166,170	578,164	-502,822
Investing Activities
capital expenditure						-208,855	-295,057	-316,379	-344,950	-176,662	-87,747	-175,328	-119,094	-406,270	-69,877
Change in Investments				-102	-728	-840	-243,302	-18,376	-15,840	-15,840	289,260	-840	-7,500	1,500	12,608
cash flow from investments				102	728	-208,015	-51,755	-298,003	-329,110	-160,822	-377,007	-174,488	-111,594	-407,770	-82,485
Financing Activities
Bank loans		503,991		-1,313,968	1,313,968
Group/Directors Accounts	238,022	500,667		-102	-16,876	16,978	-4,453	-1,297	5,750		-58	-66,844	66,501	-3,234	3,635
Other Short Term Loans	792,912	390,271	-253,900	1,465,263								-426,753	-229,884	255,131	401,506
Long term loans	-503,990	2,099,960		-140,811	139,805	-10,649	-252,762	-9,957	31,810		242,564
Hire Purchase and Lease Commitments	86,993	105,879	-61,214	341,472	-266,096	-49,581	27,415	78,917	91,936	19,342	-46,165	41,268	36,703	56,789	9,472
other long term liabilities
share issue	-7,500	-7,500	-7,500	-7,290	-7,290	-4,980	810	-4,920	4,800	137,280	-161,544	-23,000	-25,160	7,400	380,776
interest	-382,783	-252,696	-53,348	-33,744	-35,821	-53,160	-70,040	-48,977	-33,121	-33,390	-36,824	-38,228	-36,366	-27,603	-24,173
cash flow from financing	223,654	3,340,572	-375,962	310,820	1,127,690	-101,392	-299,030	13,766	101,175	123,232	-2,027	-513,557	-188,206	288,483	771,216
cash and cash equivalents
cash	-59,742	18,309	-319,001	269,753	-51,161	158,356	-206	-165,322	84,372	69,901	-288,794	300,191	-22,159	21,899	591
overdraft					-555,802	-153,033	276,887	-282,610	136,838	226,252	351,468	-256,764	256,764	-289,307	289,307
change in cash	-59,742	18,309	-319,001	269,753	504,641	311,389	-277,093	117,288	-52,466	-156,351	-640,262	556,955	-278,923	311,206	-288,716

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLEN GROUP LTD. group structure

Glen Group Ltd. has 3 subsidiary companies.

Ultimate parent company

MERAK UK HOLDINGS LIMITED

14506197

1 parent

GLEN GROUP LTD.

01582924

3 subsidiaries

GREENCLEAN (SOUTH WEST) LIMITED

02787602

PARK CLEANING SERVICES LTD.

04428642

GLEN GROUP BENEFITS LIMITED

SC735751

GLEN GROUP LTD. Shareholders

merak uk holdings limited

100%

Glen Group Ltd. currently has 2 directors. The longest serving directors include Mr Ross Barnes (Jul 2019) and Mr David Seaton (Jul 2019).

officer	country	age	start	end	role
Mr Ross Barnes	England	46 years	Jul 2019	-	Director
Mr David Seaton	United Kingdom	64 years	Jul 2019	-	Director

P&L

December 2023

turnover

18.5m

+2%

operating profit

426.3k

gross margin

14.5%

+16.89%

turnover

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

Balance Sheet

December 2023

net assets

235.5k

-0.47%

total assets

8.5m

+0.14%

cash

17k

-0.78%

net assets

Total assets minus all liabilities

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company number

01582924

Type

Private limited with Share Capital

industry

81210 - General cleaning of buildings

incorporation date

August 1981

ultimate parent company

MERAK UK HOLDINGS LIMITED

previous names

glen cleaning company limited (July 2022)

hindleglen limited (May 1982)

address

ground floor, 2 britannia buildings, merchants road hotwells, bristol, BS8 4QD

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 8 charges/mortgages relating to glen group ltd.. Currently there are 1 open charges and 7 have been satisfied in the past.

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.

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glen group ltd. Company Information

glen group ltd. Estimated Valuation

glen group ltd. Estimated Valuation

glen group ltd. Estimated Valuation

Glen Group Ltd. Overview

Glen Group Ltd. Health Check

GLEN GROUP LTD. financials

glen group ltd. Credit Report and Business Information

Glen Group Ltd. Competitor Analysis

glen group ltd. Ownership

glen group ltd. directors

glen group ltd. company details

glen group ltd. Charges & Mortgages

glen group ltd. Capital Raised & Share Issues BETA

glen group ltd. Companies House Filings - See Documents