Glass Eels Limited

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glass eels limited Company Information

Live

MatureSmallDeclining

Company Number

02441662

Next Accounts

Nov 2025

Industry

Marine fishing

Directors

Edmund Wood

Shareholders

edmund john peter wood

bristol channel fisheries limited

Group Structure

View All

Contact

Registered Address

123 hempsted lane, gloucester, GL2 5JY

Website

www.glasseel.com

glass eels limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of GLASS EELS LIMITED at £2.6m based on Net Assets of £1.2m and 2.12x industry multiple (adjusted for liquidity).

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Glass Eels Limited is a live company located in gloucester, GL2 5JY with a Companies House number of 02441662. It operates in the marine fishing sector, SIC Code 03110. Founded in November 1989, it's largest shareholder is edmund john peter wood with a 66.7% stake. Glass Eels Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Glass Eels Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £1.5m, make it smaller than the average company (£6.1m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (6.2%)

EXPORT

Glass Eels Limited's latest turnover from February 2024 is estimated at £1.5 million and the company has net assets of £1.2 million. According to their latest financial statements, Glass Eels Limited has 5 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,490,804	2,089,182	2,647,151	2,671,947	2,828,212	3,712,688	2,081,864	847,188	850,802	7,566,888	7,990,577	18,729,674	8,333,356	8,788,158	7,626,910
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,046,870	1,498,888	1,791,756	1,914,571	2,053,445	2,774,523	1,546,342	620,627	642,664	5,738,758	5,313,958	14,899,469	6,301,870	7,090,953	6,481,451
Gross Profit	443,934	590,295	855,396	757,376	774,768	938,165	535,522	226,561	208,138	1,828,130	2,676,619	3,830,205	2,031,486	1,697,205	1,145,459
Admin Expenses	695,802	811,033	1,052,240	491,842	672,699	620,913	353,459	107,943	331,252	1,551,937	2,120,039	4,237,634	1,820,128	1,698,059	316,420
Operating Profit	-251,868	-220,738	-196,844	265,534	102,069	317,252	182,063	118,618	-123,114	276,193	556,580	-407,429	211,358	-854	829,039
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	70,405	62,233	8,649	2,067	14,631	11,769	7,076	3,623	7,670	8,607	7,005	6,673	5,834	4,024	2,413
Pre-Tax Profit	-181,463	-158,505	-188,195	267,600	116,700	329,021	189,138	122,241	-115,444	284,800	563,584	-400,756	217,192	3,169	831,451
Tax	0	0	0	-50,844	-22,173	-62,514	-35,936	-24,448	0	-59,808	-129,624	0	-56,470	-887	-232,806
Profit After Tax	-181,463	-158,505	-188,195	216,756	94,527	266,507	153,202	97,793	-115,444	224,992	433,960	-400,756	160,722	2,282	598,645
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-181,463	-158,505	-188,195	216,756	94,527	266,507	153,202	97,793	-115,444	224,992	433,960	-400,756	160,722	2,282	598,645
Employee Costs	210,870	205,526	229,043	263,265	264,081	327,652	286,844	243,226	147,529	666,257	924,800	1,751,427	624,235	655,707	1,088,575
Number Of Employees	5	5	6	6	6	8	8	8	4	19	25	53	20	22	42
EBITDA*	-232,284	-199,664	-175,111	290,691	130,746	340,100	203,247	154,883	-84,086	307,692	588,017	-389,157	232,845	13,411	844,003

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	716,718	531,512	547,186	568,919	584,463	608,777	579,798	495,368	529,567	568,595	597,936	596,324	93,250	95,994	60,149
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	150	150	150	150	150	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	0
Total Fixed Assets	716,868	531,662	547,336	569,069	584,613	608,777	579,798	495,368	529,567	568,595	597,936	596,324	93,250	95,994	60,149
Stock & work in progress	0	0	0	0	0	60,200	126,801	137,027	0	0	61,224	0	139,152	28,681	203,320
Trade Debtors	273,987	404,072	627,782	492,974	273,858	710,622	428,927	76,403	124,640	101,248	103,015	1,114,788	242,044	868,910	455,008
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	566,476	159,793	172,472	92,002	216,951	84,263	58,723	126,645	39,024	0	0	0	0	0	0
Cash	1,039,173	1,642,923	1,468,739	1,990,971	2,142,039	1,759,494	1,378,994	1,451,233	1,447,053	1,621,057	1,821,931	979,913	1,689,269	644,479	965,060
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,879,636	2,206,788	2,268,993	2,575,947	2,632,848	2,614,579	1,993,445	1,791,308	1,610,717	1,722,305	1,986,170	2,094,701	2,070,465	1,542,070	1,623,388
total assets	2,596,504	2,738,450	2,816,329	3,145,016	3,217,461	3,223,356	2,573,243	2,286,676	2,140,284	2,290,900	2,584,106	2,691,025	2,163,715	1,638,064	1,683,537
Bank overdraft	0	0	0	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	0
Trade Creditors	32,921	46,604	26,651	59,813	280,493	108,910	26,651	18,089	30,111	1,249,505	1,762,186	2,301,454	1,385,328	1,027,222	1,075,584
Group/Directors Accounts	995,918	995,918	996,518	1,061,893	1,062,493	1,063,093	1,061,813	1,061,813	573,501	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	361,142	299,872	236,948	276,564	343,335	613,068	320,242	193,497	616,411	0	0	0	0	0	0
total current liabilities	1,389,981	1,342,394	1,260,117	1,398,270	1,686,321	1,785,071	1,408,706	1,273,399	1,220,023	1,249,505	1,762,186	2,301,454	1,385,328	1,027,222	1,075,584
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	8,070	9,721	12,060	13,210	15,632	8,391	10,333	15,110	20,800	26,317	27,928	15,738	8,915	8,308
total long term liabilities	0	8,070	9,721	12,060	13,210	15,632	8,391	10,333	15,110	20,800	26,317	27,928	15,738	8,915	8,308
total liabilities	1,389,981	1,350,464	1,269,838	1,410,330	1,699,531	1,800,703	1,417,097	1,283,732	1,235,133	1,270,305	1,788,503	2,329,382	1,401,066	1,036,137	1,083,892
net assets	1,206,523	1,387,986	1,546,491	1,734,686	1,517,930	1,422,653	1,156,146	1,002,944	905,151	1,020,595	795,603	361,643	762,649	601,927	599,645
total shareholders funds	1,206,523	1,387,986	1,546,491	1,734,686	1,517,930	1,422,653	1,156,146	1,002,944	905,151	1,020,595	795,603	361,643	762,649	601,927	599,645

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-251,868	-220,738	-196,844	265,534	102,069	317,252	182,063	118,618	-123,114	276,193	556,580	-407,429	211,358	-854	829,039
Depreciation	19,584	21,074	21,733	25,157	28,677	22,848	21,184	36,265	39,028	31,499	31,437	18,272	21,487	14,265	14,964
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-50,844	-22,173	-62,514	-35,936	-24,448	0	-59,808	-129,624	0	-56,470	-887	-232,806
Stock	0	0	0	0	-60,200	-66,601	-10,226	137,027	0	-61,224	61,224	-139,152	110,471	-174,639	203,320
Debtors	276,598	-236,389	215,278	94,167	-304,076	307,235	284,602	39,384	62,416	-1,767	-1,011,773	872,744	-626,866	413,902	455,008
Creditors	-13,683	19,953	-33,162	-220,680	171,583	82,259	8,562	-12,022	-1,219,394	-512,681	-539,268	916,126	358,106	-48,362	1,075,584
Accruals and Deferred Income	61,270	62,924	-39,616	-66,771	-269,733	292,826	126,745	-422,914	616,411	0	0	0	0	0	0
Deferred Taxes & Provisions	-8,070	-1,651	-2,339	-1,150	-2,422	7,241	-1,942	-4,777	-5,690	-5,517	-1,611	12,190	6,823	607	8,308
Cash flow from operations	-469,365	117,951	-465,506	-142,921	372,277	419,278	26,300	-485,689	-755,175	-207,323	868,063	-194,433	1,057,699	-274,494	1,036,761
Investing Activities
capital expenditure	-204,790	-5,400	0	-9,613	-4,363	-51,827	-105,614	-2,066	0	-2,158	-33,049	-521,346	-18,743	-50,110	-75,113
Change in Investments	0	0	0	0	150	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-204,790	-5,400	0	-9,613	-4,513	-51,827	-105,614	-2,066	0	-2,158	-33,049	-521,346	-18,743	-50,110	-75,113
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-600	-65,375	-600	-600	1,280	0	488,312	573,501	0	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	750	0	0	0	0	0	0	-250	0	0	1,000
interest	70,405	62,233	8,649	2,067	14,631	11,769	7,076	3,623	7,670	8,607	7,005	6,673	5,834	4,024	2,413
cash flow from financing	70,405	61,633	-56,726	1,467	14,781	13,049	7,076	491,935	581,171	8,607	7,005	6,423	5,834	4,024	3,413
cash and cash equivalents
cash	-603,750	174,184	-522,232	-151,068	382,545	380,500	-72,239	4,180	-174,004	-200,874	842,018	-709,356	1,044,790	-320,581	965,060
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-603,750	174,184	-522,232	-151,068	382,545	380,500	-72,239	4,180	-174,004	-200,874	842,018	-709,356	1,044,790	-320,581	965,060

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLASS EELS LIMITED group structure

Glass Eels Limited has no subsidiary companies.

Ultimate parent company

BRISTOL CHANNEL FISHERIES LIMITED

01628777

1 parent

GLASS EELS LIMITED

02441662

GLASS EELS LIMITED Shareholders

edmund john peter wood	66.67%
bristol channel fisheries limited	33.33%

Glass Eels Limited currently has 1 director, Mr Edmund Wood serving since Nov 1991.

officer	country	age	start	end	role
Mr Edmund Wood	England	76 years	Nov 1991	-	Director

P&L

February 2024

turnover

1.5m

-29%

operating profit

-251.9k

gross margin

29.8%

+5.39%

turnover

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

Balance Sheet

February 2024

net assets

1.2m

-0.13%

total assets

2.6m

-0.05%

cash

-0.37%

net assets

Total assets minus all liabilities

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4.5

company number

02441662

Type

Private limited with Share Capital

industry

03110 - Marine fishing

incorporation date

November 1989

ultimate parent company

BRISTOL CHANNEL FISHERIES LIMITED

previous names

deskplace limited (March 1990)

address

123 hempsted lane, gloucester, GL2 5JY

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 glass eels limited. Currently there are 5 open charges and 0 have been satisfied in the past.

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glass eels limited Company Information

glass eels limited Estimated Valuation

glass eels limited Estimated Valuation

glass eels limited Estimated Valuation

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