S.g.i. (safety Glass Industries) Limited

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s.g.i. (safety glass industries) limited Company Information

Live

MatureSmallLow

Company Number

02548272

Website

www.sgi-glass.co.uk

Registered Address

unit 10, guinness road trading estate, manchester, M17 1SB

Industry

Manufacture and processing of other glass, including technical glassware

Telephone

01618770011

Next Accounts Due

March 2025

Group Structure

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Directors

Christopher Davies31 Years

Julie Hutchinson-Davies30 Years

Shareholders

mr christopher john davies 50%

julie anne hutchinson-davies 50%

s.g.i. (safety glass industries) limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of S.G.I. (SAFETY GLASS INDUSTRIES) LIMITED at £1.3m based on Net Assets of £692k and 1.94x industry multiple (adjusted for liquidity).

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S.g.i. (safety Glass Industries) Limited is a live company located in manchester, M17 1SB with a Companies House number of 02548272. It operates in the manufacture and processing of other glass, including technical glassware sector, SIC Code 23190. Founded in October 1990, it's largest shareholder is mr christopher john davies with a 50% stake. S.g.i. (safety Glass Industries) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.

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Pomanda's financial health check has awarded S.G.I. (Safety Glass Industries) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £2.5m, make it smaller than the average company (£11.7m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.2%)

EXPORT

S.G.I. (Safety Glass Industries) Limited's latest turnover from June 2023 is estimated at £2.5 million and the company has net assets of £692 thousand. According to their latest financial statements, S.G.I. (Safety Glass Industries) Limited has 14 employees and maintains cash reserves of £158 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,519,010	2,701,000	2,240,989	2,482,077	3,065,858	2,794,343	3,030,642	2,137,491	2,515,030	2,432,465	2,192,363	2,093,895	2,583,284	1,778,769
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,552,156	1,668,801	1,500,841	1,797,509	2,083,113	1,985,679	2,191,627	1,398,078	1,795,755	1,793,296	1,624,851	1,477,719	1,733,061	1,229,185
Gross Profit	966,854	1,032,200	740,148	684,568	982,746	808,664	839,015	739,413	719,275	639,169	567,512	616,176	850,222	549,584
Admin Expenses	1,045,431	1,080,807	578,759	796,133	998,988	812,360	745,297	693,084	637,735	625,517	489,834	645,659	776,014	-218,204
Operating Profit	-78,577	-48,607	161,389	-111,565	-16,242	-3,696	93,718	46,329	81,540	13,652	77,678	-29,483	74,208	767,788
Interest Payable	16,808	13,936	6,100	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,970	5,013	374	208	1,736	1,288	603	1,245	1,527	1,760	1,632	1,747	1,793	804
Pre-Tax Profit	-84,415	-57,530	155,663	-111,357	-14,506	-2,408	94,321	47,574	83,066	15,411	79,310	-27,736	76,001	768,592
Tax	0	0	-29,576	0	0	0	-17,921	-9,515	-16,613	-3,236	-18,241	0	-19,760	-215,206
Profit After Tax	-84,415	-57,530	126,087	-111,357	-14,506	-2,408	76,400	38,059	66,453	12,175	61,069	-27,736	56,241	553,386
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-84,415	-57,530	126,087	-111,357	-14,506	-2,408	76,400	38,059	66,453	12,175	61,069	-27,736	56,241	553,386
Employee Costs	643,010	718,914	730,094	710,843	724,157	687,484	595,271	734,319	772,437	730,090	617,404	669,026	478,133	616,139
Number Of Employees	14	16	16	16	18	17	16	20	27	26	22	21	16	21
EBITDA*	-75,719	-44,797	164,910	-106,870	-10,014	4,145	93,718	55,737	92,361	29,413	95,878	-7,216	75,717	774,663

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	8,570	11,428	10,564	14,085	18,687	23,522	30,625	28,225	32,465	29,283	42,600	60,800	4,528	5,287
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	8,570	11,428	10,564	14,085	18,687	23,522	30,625	28,225	32,465	29,283	42,600	60,800	4,528	5,287
Stock & work in progress	493,299	545,404	385,748	489,810	540,694	472,525	436,909	335,128	302,800	286,450	218,445	215,630	206,375	210,830
Trade Debtors	405,490	342,069	346,967	269,044	465,002	377,586	491,755	418,942	388,738	378,757	339,534	323,786	379,945	310,438
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	35,663	48,048	34,878	39,200	26,567	55,456	59,801	49,403	49,299	46,256	40,784	41,296	21,472	20,650
Cash	158,027	280,762	521,316	226,713	188,468	274,451	240,767	241,231	256,685	353,926	350,018	302,979	395,689	321,656
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,092,479	1,216,283	1,288,909	1,024,767	1,220,731	1,180,018	1,229,232	1,044,704	997,522	1,065,389	948,781	883,691	1,003,481	863,574
total assets	1,101,049	1,227,711	1,299,473	1,038,852	1,239,418	1,203,540	1,259,857	1,072,929	1,029,987	1,094,672	991,381	944,491	1,008,009	868,861
Bank overdraft	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
Trade Creditors	201,917	234,651	163,312	217,329	294,537	257,460	314,282	313,182	308,299	439,437	339,968	261,787	234,436	180,190
Group/Directors Accounts	738	5,471	4,609	3,124	3,066	6,140	108	0	0	0	0	0	0	0
other short term finances	67,730	63,300	22,222	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	85,228	26,708	97,589	110,523	122,582	106,201	109,320	0	0	0	0	89,828	163,846	135,185
total current liabilities	355,613	330,130	287,732	330,976	420,185	369,801	423,710	313,182	308,299	439,437	339,968	351,615	398,282	315,375
loans	53,418	121,148	177,778	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	8,353	10,885	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	53,418	121,148	177,778	0	0	0	0	0	0	0	8,353	10,885	0	0
total liabilities	409,031	451,278	465,510	330,976	420,185	369,801	423,710	313,182	308,299	439,437	348,321	362,500	398,282	315,375
net assets	692,018	776,433	833,963	707,876	819,233	833,739	836,147	759,747	721,688	655,235	643,060	581,991	609,727	553,486
total shareholders funds	692,018	776,433	833,963	707,876	819,233	833,739	836,147	759,747	721,688	655,235	643,060	581,991	609,727	553,486

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-78,577	-48,607	161,389	-111,565	-16,242	-3,696	93,718	46,329	81,540	13,652	77,678	-29,483	74,208	767,788
Depreciation	2,858	3,810	3,521	4,695	6,228	7,841	0	9,408	10,821	15,761	18,200	22,267	1,509	5,875
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
Tax	0	0	-29,576	0	0	0	-17,921	-9,515	-16,613	-3,236	-18,241	0	-19,760	-215,206
Stock	-52,105	159,656	-104,062	-50,884	68,169	35,616	101,781	32,328	16,350	68,005	2,815	9,255	-4,455	210,830
Debtors	51,036	8,272	73,601	-183,325	58,527	-118,514	83,211	30,308	13,024	44,695	15,236	-36,335	70,329	331,088
Creditors	-32,734	71,339	-54,017	-77,208	37,077	-56,822	1,100	4,883	-131,138	99,469	78,181	27,351	54,246	180,190
Accruals and Deferred Income	58,520	-70,881	-12,934	-12,059	16,381	-3,119	109,320	0	0	0	-89,828	-74,018	28,661	135,185
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-48,864	-212,267	98,844	38,072	-83,252	27,102	1,225	-11,531	-84,764	12,946	47,939	-26,803	72,990	332,914
Investing Activities
capital expenditure	0	-4,674	0	-93	-1,393	-738	-2,400	-5,168	-14,003	-2,444	0	-78,539	-750	-12,162
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-4,674	0	-93	-1,393	-738	-2,400	-5,168	-14,003	-2,444	0	-78,539	-750	-12,162
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-4,733	862	1,485	58	-3,074	6,032	108	0	0	0	0	0	0	0
Other Short Term Loans	4,430	41,078	22,222	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-67,730	-56,630	177,778	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	-8,353	-2,532	10,885	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	0	0	0	0	0	0	0	0	100
interest	-5,838	-8,923	-5,726	208	1,736	1,288	603	1,245	1,527	1,760	1,632	1,747	1,793	804
cash flow from financing	-73,871	-23,613	195,759	266	-1,338	7,320	711	1,245	1,527	-6,593	-900	12,632	1,793	904
cash and cash equivalents
cash	-122,735	-240,554	294,603	38,245	-85,983	33,684	-464	-15,454	-97,241	3,908	47,039	-92,710	74,033	321,656
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-122,735	-240,554	294,603	38,245	-85,983	33,684	-464	-15,454	-97,241	3,908	47,039	-92,710	74,033	321,656

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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S.G.I. (SAFETY GLASS INDUSTRIES) LIMITED group structure

S.G.I. (Safety Glass Industries) Limited has no subsidiary companies.

Ultimate parent company

S.G.I. (SAFETY GLASS INDUSTRIES) LIMITED

02548272

S.G.I. (SAFETY GLASS INDUSTRIES) LIMITED Shareholders

mr christopher john davies	50%
julie anne hutchinson-davies	50%

S.G.I. (Safety Glass Industries) Limited currently has 2 directors. The longest serving directors include Mr Christopher Davies (Oct 1992) and Ms Julie Hutchinson-Davies (Jun 1993).

officer	country	age	start	end	role
Mr Christopher Davies		66 years	Oct 1992	-	Director
Ms Julie Hutchinson-Davies		67 years	Jun 1993	-	Director

P&L

June 2023

turnover

2.5m

-7%

operating profit

-78.6k

gross margin

38.4%

+0.44%

turnover

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

Balance Sheet

June 2023

net assets

692k

-0.11%

total assets

1.1m

-0.1%

cash

158k

-0.44%

net assets

Total assets minus all liabilities

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company number

02548272

Type

Private limited with Share Capital

industry

23190 - Manufacture and processing of other glass, including technical glassware

incorporation date

October 1990

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

angelbourne limited (November 1990)

incorporated

address

unit 10, guinness road trading estate, manchester, M17 1SB

last accounts submitted

June 2023

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 1 charges/mortgages relating to s.g.i. (safety glass industries) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

s.g.i. (safety glass industries) limited Company Information

s.g.i. (safety glass industries) limited Estimated Valuation

s.g.i. (safety glass industries) limited Estimated Valuation

s.g.i. (safety glass industries) limited Estimated Valuation

S.g.i. (safety Glass Industries) Limited Overview

S.g.i. (safety Glass Industries) Limited Health Check

S.G.I. (SAFETY GLASS INDUSTRIES) LIMITED financials

s.g.i. (safety glass industries) limited Credit Report and Business Information

S.g.i. (safety Glass Industries) Limited Competitor Analysis

s.g.i. (safety glass industries) limited Ownership

s.g.i. (safety glass industries) limited directors

s.g.i. (safety glass industries) limited company details

s.g.i. (safety glass industries) limited Charges & Mortgages

s.g.i. (safety glass industries) limited Companies House Filings - See Documents