Glazpart Limited

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glazpart limited Company Information

Live

MatureMidHigh

Company Number

01875968

Website

http://www.glazpart.com

Registered Address

21b wildmere road, wildmere industrial estate, banbury, oxfordshire, OX16 3JU

Industry

Manufacture of other plastic products

Telephone

01295264533

Next Accounts Due

February 2025

Group Structure

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Directors

Kenneth Hanley32 Years

Mark O'Mahoney21 Years

View All

Shareholders

glazpart holdings ltd 100%

glazpart limited Estimated Valuation

£11.8m

Pomanda estimates the enterprise value of GLAZPART LIMITED at £11.8m based on an EBITDA of £2.7m and a 4.36x industry multiple (adjusted for size and gross margin).

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Glazpart Limited is a live company located in banbury, OX16 3JU with a Companies House number of 01875968. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in January 1985, it's largest shareholder is glazpart holdings ltd with a 100% stake. Glazpart Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16.9m with high growth in recent years.

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Pomanda's financial health check has awarded Glazpart Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £16.9m, make it in line with the average company (£16.5m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (6.7%)

EXPORT

Glazpart Limited's latest turnover from May 2023 is £16.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Glazpart Limited has 97 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	16,922,854	12,582,566	9,555,973	8,736,052	9,818,351	9,314,668	8,579,229	8,301,598	8,111,436	7,604,770	6,656,770	7,134,763	6,555,687	6,642,893
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	11,209,494	8,833,364	6,701,454	6,261,234	6,859,473	6,523,704	6,045,992	5,667,047	5,478,820	5,240,320	4,676,782	4,900,078	4,310,754	4,379,066
Gross Profit	5,713,360	3,749,202	2,854,519	2,474,818	2,958,878	2,790,964	2,533,237	2,634,551	2,632,616	2,364,450	1,979,988	2,234,685	2,244,933	2,263,827
Admin Expenses	3,265,325	2,655,822	2,460,889	1,993,685	2,428,075	2,234,887	2,002,345	2,161,683	2,079,724	2,075,332	1,724,907	1,919,697	1,827,277	1,871,907
Operating Profit	2,448,035	1,093,380	393,630	481,133	530,803	556,077	530,892	472,868	552,892	289,118	255,081	314,988	417,656	391,920
Interest Payable	0	0	0	0	0	0	0	0	30	0	42	6	48	1
Interest Receivable	4,844	249	399	3,435	6,067	2,864	1,998	2,306	3,037	3,840	9,513	13,755	13,501	10,300
Pre-Tax Profit	2,452,879	1,093,629	394,029	484,568	536,870	558,941	532,890	475,174	426,213	292,958	264,552	328,737	431,109	402,219
Tax	-455,209	-199,690	-79,042	-92,432	-102,399	-106,711	-104,110	-95,622	-89,435	-66,349	-74,672	-93,874	-127,839	-124,148
Profit After Tax	1,997,670	893,939	314,987	392,136	434,471	452,230	428,780	379,552	336,778	226,609	189,880	234,863	303,270	278,071
Dividends Paid	1,500,000	850,000	360,000	360,000	480,000	425,000	425,000	400,000	330,000	220,000	185,000	230,000	300,000	250,000
Retained Profit	497,670	43,939	-45,013	32,136	-45,529	27,230	3,780	-20,448	6,778	6,609	4,880	4,863	3,270	28,071
Employee Costs	3,347,985	2,739,066	2,535,408	2,451,000	2,358,026	2,298,564	2,204,922	2,167,259	2,001,035	1,878,490	1,822,270	1,732,989	1,726,862	1,669,254
Number Of Employees	97	83	83	87	87	84	84	81	81	78	75	75	74	75
EBITDA*	2,696,805	1,291,518	578,827	680,401	706,269	711,190	674,705	603,129	664,851	413,241	419,285	489,360	621,305	615,555

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	935,350	719,592	610,131	711,789	495,168	453,956	372,816	347,923	383,932	237,756	268,609	322,005	394,815	531,535
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	200	200	200	200	200	200	200	200	200	200	200	200	200	200
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	935,550	719,792	610,331	711,989	495,368	454,156	373,016	348,123	384,132	237,956	268,809	322,205	395,015	531,735
Stock & work in progress	2,748,592	2,282,312	1,548,571	1,559,060	1,475,284	1,572,662	1,260,022	1,338,912	1,092,483	1,088,828	917,577	811,147	811,102	772,713
Trade Debtors	2,527,620	2,212,685	1,632,082	837,442	1,317,420	1,436,880	1,191,855	1,326,418	1,213,886	1,183,803	1,081,831	1,105,113	1,030,428	1,100,987
Group Debtors	87,338	38,952	18,310	58,241	114,780	657,736	1,686,264	1,230,516	920,780	520,794	304,631	242,529	206,352	173,232
Misc Debtors	316,288	125,918	204,241	141,275	101,756	101,733	89,044	93,238	89,522	95,858	88,243	103,316	100,169	91,755
Cash	2,457,338	365,638	750,869	241,152	699,096	391,796	441,600	690,090	402,872	732,542	775,523	1,348,233	1,336,136	939,432
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,137,176	5,025,505	4,154,073	2,837,170	3,708,336	4,160,807	4,668,785	4,679,174	3,719,543	3,621,825	3,167,805	3,610,338	3,484,187	3,078,119
total assets	9,072,726	5,745,297	4,764,404	3,549,159	4,203,704	4,614,963	5,041,801	5,027,297	4,103,675	3,859,781	3,436,614	3,932,543	3,879,202	3,609,854
Bank overdraft	0	116,770	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	902,929	1,006,295	799,847	524,241	784,122	891,706	560,560	669,901	520,754	468,282	421,588	383,398	416,609	345,015
Group/Directors Accounts	4,498,297	1,775,214	998,053	416,500	749,447	878,580	1,681,337	1,606,910	949,461	680,153	555,359	989,307	900,718	690,721
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	962,944	697,547	898,585	479,541	572,073	708,497	627,689	587,548	445,845	568,265	327,594	432,645	437,494	441,601
total current liabilities	6,364,170	3,595,826	2,696,485	1,420,282	2,105,642	2,478,783	2,869,586	2,864,359	1,916,060	1,716,700	1,304,541	1,805,350	1,754,821	1,477,337
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	144,331	82,916	45,303	61,248	62,569	55,158	43,423	37,926	42,155	4,399	0	0	2,051	13,453
total long term liabilities	144,331	82,916	45,303	61,248	62,569	55,158	43,423	37,926	42,155	4,399	0	0	2,051	13,453
total liabilities	6,508,501	3,678,742	2,741,788	1,481,530	2,168,211	2,533,941	2,913,009	2,902,285	1,958,215	1,721,099	1,304,541	1,805,350	1,756,872	1,490,790
net assets	2,564,225	2,066,555	2,022,616	2,067,629	2,035,493	2,081,022	2,128,792	2,125,012	2,145,460	2,138,682	2,132,073	2,127,193	2,122,330	2,119,064
total shareholders funds	2,564,225	2,066,555	2,022,616	2,067,629	2,035,493	2,081,022	2,128,792	2,125,012	2,145,460	2,138,682	2,132,073	2,127,193	2,122,330	2,119,064

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	2,448,035	1,093,380	393,630	481,133	530,803	556,077	530,892	472,868	552,892	289,118	255,081	314,988	417,656	391,920
Depreciation	248,770	198,138	185,197	199,268	175,466	155,113	143,813	130,261	111,959	124,123	164,204	174,372	203,649	223,635
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-455,209	-199,690	-79,042	-92,432	-102,399	-106,711	-104,110	-95,622	-89,435	-66,349	-74,672	-93,874	-127,839	-124,148
Stock	466,280	733,741	-10,489	83,776	-97,378	312,640	-78,890	246,429	3,655	171,251	106,430	45	38,389	772,713
Debtors	553,691	522,922	817,675	-496,998	-662,393	-770,814	316,991	425,984	423,733	325,750	23,747	114,009	-29,025	1,365,974
Creditors	-103,366	206,448	275,606	-259,881	-107,584	331,146	-109,341	149,147	52,472	46,694	38,190	-33,211	71,594	345,015
Accruals and Deferred Income	265,397	-201,038	419,044	-92,532	-136,424	80,808	40,141	141,703	-122,420	240,671	-105,051	-4,849	-4,107	441,601
Deferred Taxes & Provisions	61,415	37,613	-15,945	-1,321	7,411	11,735	5,497	-4,229	37,756	4,399	0	-2,051	-11,402	13,453
Cash flow from operations	1,445,071	-121,812	371,304	647,457	1,127,044	1,486,342	268,791	121,715	115,836	141,655	147,575	241,321	540,187	-847,211
Investing Activities
capital expenditure	0	0	0	0	0	-233,423	-168,934	-95,651	-254,142	-96,560	-109,165	-100,162	-71,563	-50,148
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	200
cash flow from investments	0	0	0	0	0	-233,423	-168,934	-95,651	-254,142	-96,560	-109,165	-100,162	-71,563	-50,348
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	2,723,083	777,161	581,553	-332,947	-129,133	-802,757	74,427	657,449	269,308	124,794	-433,948	88,589	209,997	690,721
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-75,000	0	0	0	0	0	0	-4	2,090,993
interest	4,844	249	399	3,435	6,067	2,864	1,998	2,306	3,007	3,840	9,471	13,749	13,453	10,299
cash flow from financing	2,727,927	777,410	581,952	-329,512	-123,066	-874,893	76,425	659,755	272,315	128,634	-424,477	102,338	223,446	2,792,013
cash and cash equivalents
cash	2,091,700	-385,231	509,717	-457,944	307,300	-49,804	-248,490	287,218	-329,670	-42,981	-572,710	12,097	396,704	939,432
overdraft	-116,770	116,770	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	2,208,470	-502,001	509,717	-457,944	307,300	-49,804	-248,490	287,218	-329,670	-42,981	-572,710	12,097	396,704	939,432

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLAZPART LIMITED group structure

Glazpart Limited has 2 subsidiary companies.

Ultimate parent company

GLAZPART HOLDINGS LIMITED

03578937

1 parent

GLAZPART LIMITED

01875968

2 subsidiaries

GLASSPART (U.K.) LIMITED

02338650

GLAZEPARTS (U.K.) LIMITED

02338656

GLAZPART LIMITED Shareholders

glazpart holdings ltd

100%

Glazpart Limited currently has 5 directors. The longest serving directors include Mr Kenneth Hanley (Nov 1991) and Mr Mark O'Mahoney (Jul 2003).

officer	age	start	end	role
Mr Kenneth Hanley	83 years	Nov 1991	-	Director
Mr Mark O'Mahoney	59 years	Jul 2003	-	Director
Mr Christopher Bradley	56 years	Jun 2022	-	Director
Mr Andrew Denness	51 years	Jul 2023	-	Director
Mr Mark Nelson	71 years	Jun 2024	-	Director

P&L

May 2023

turnover

16.9m

+34%

operating profit

2.4m

+124%

gross margin

33.8%

+13.3%

turnover

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

Balance Sheet

May 2023

net assets

2.6m

+0.24%

total assets

9.1m

+0.58%

cash

2.5m

+5.72%

net assets

Total assets minus all liabilities

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company number

01875968

Type

Private limited with Share Capital

industry

22290 - Manufacture of other plastic products

incorporation date

January 1985

accounts

Full Accounts

ultimate parent company

GLAZPART HOLDINGS LIMITED

previous names

oataim limited (February 1985)

last accounts submitted

May 2023

address

21b wildmere road, wildmere industrial estate, banbury, oxfordshire, OX16 3JU

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 glazpart limited. Currently there are 2 open charges and 0 have been satisfied in the past.

glazpart limited Company Information

glazpart limited Estimated Valuation

glazpart limited Estimated Valuation

glazpart limited Estimated Valuation

Glazpart Limited Overview

Glazpart Limited Health Check

GLAZPART LIMITED financials

glazpart limited Credit Report and Business Information

Glazpart Limited Competitor Analysis

glazpart limited Ownership

glazpart limited directors

glazpart limited company details

glazpart limited Charges & Mortgages

glazpart limited Companies House Filings - See Documents