Compass Glass Limited

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compass glass limited Company Information

Live

MatureSmallDeclining

Company Number

02584174

Website

www.compassglass.co.uk

Registered Address

1-2 charterhouse mews, london, EC1M 6BB

Industry

Glazing

Telephone

02089468080

Next Accounts Due

June 2024

Group Structure

View All

Directors

Martyn Haines28 Years

Shareholders

martin paul haines 100%

compass glass limited Estimated Valuation

£477.5k - £1.1m

The estimated valuation range for compass glass limited, derived from financial data as of September 2022 and the most recent industry multiples, is between £477.5k to £1.1m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Compass Glass Limited AI Business Plan

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Compass Glass Limited is a live company located in london, EC1M 6BB with a Companies House number of 02584174. It operates in the glazing sector, SIC Code 43342. Founded in February 1991, it's largest shareholder is martin paul haines with a 100% stake. Compass Glass Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Compass Glass Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.9m, make it larger than the average company (£423.4k)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (1.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMPASS GLASS LIMITED group structure

Compass Glass Limited has no subsidiary companies.

Ultimate parent company

COMPASS GLASS LIMITED

02584174

COMPASS GLASS LIMITED Shareholders

martin paul haines

100%

Compass Glass Limited currently has 1 director, Mr Martyn Haines serving since Oct 1995.

officer	country	age	start	end	role
Mr Martyn Haines	United Kingdom	67 years	Oct 1995	-	Director

EXPORT

Compass Glass Limited's latest turnover from September 2022 is estimated at £2.9 million and the company has net assets of £165.8 thousand. According to their latest financial statements, Compass Glass Limited has 16 employees and maintains cash reserves of £11 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,949,263	2,724,305	3,360,337	3,095,694	2,639,136	2,606,355	2,627,480	3,870,183	4,567,750	5,336,540	4,752,321	5,071,991	5,122,884
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,063,585	2,020,722	2,314,270	2,250,320	1,967,816	1,767,860	1,755,264	2,445,924	2,927,916	3,497,371	3,061,430	3,225,251	3,246,503
Gross Profit	885,678	703,583	1,046,067	845,374	671,320	838,495	872,216	1,424,259	1,639,834	1,839,169	1,690,890	1,846,740	1,876,381
Admin Expenses	758,235	914,610	1,047,072	788,325	608,487	928,080	914,219	1,371,274	1,600,198	1,758,565	1,660,368	1,755,950	1,744,087
Operating Profit	127,443	-211,027	-1,005	57,049	62,833	-89,585	-42,003	52,985	39,636	80,604	30,522	90,790	132,294
Interest Payable	20,104	15,296	8,889	6,200	7,549	9,909	6,362	0	0	0	0	0	0
Interest Receivable	124	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	107,463	-226,323	-9,894	50,849	55,284	-99,494	-48,364	52,985	39,636	80,604	30,522	90,790	132,294
Tax	-20,418	0	0	-9,661	-10,504	0	0	-11,127	-9,116	-19,345	-7,936	-25,421	-37,042
Profit After Tax	87,045	-226,323	-9,894	41,188	44,780	-99,494	-48,364	41,858	30,520	61,259	22,586	65,369	95,252
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	87,045	-226,323	-9,894	41,188	44,780	-99,494	-48,364	41,858	30,520	61,259	22,586	65,369	95,252
Employee Costs	424,743	438,560	424,701	501,734	522,852	384,804	733,789	995,876	1,176,345	1,639,339	1,396,914	1,434,214	1,402,653
Number Of Employees	16	15	16	17	18	14	28	37	44	61	54	58	60
EBITDA*	161,401	-161,456	60,060	124,529	163,330	40,318	74,715	117,266	47,953	89,327	42,074	115,627	179,361

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	47,191	62,921	67,687	118,073	134,433	151,315	189,640	235,751	110,334	71,203	76,785	46,210	102,312
Intangible Assets	5,085	17,663	42,569	66,536	95,786	154,287	192,793	237,045	196,281	0	0	0	0
Investments & Other	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
Total Fixed Assets	52,276	80,584	110,256	184,609	230,219	305,602	382,433	472,796	306,615	71,203	76,785	46,210	102,312
Stock & work in progress	282,070	257,595	261,418	163,637	181,295	292,723	126,560	108,176	25,937	28,870	32,804	37,761	34,731
Trade Debtors	601,657	598,217	646,954	652,317	513,141	370,742	509,147	644,052	746,176	782,940	753,251	805,007	555,076
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	26,612	28,064	27,734	20,592	22,265	30,671	38,289	0	0	0	0	0	0
Cash	10,985	7	7	7	7	7	7	7	7	55	12	11	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	921,324	883,883	936,113	836,553	716,708	694,143	674,003	752,235	772,120	811,865	786,067	842,779	589,807
total assets	973,600	964,467	1,046,369	1,021,162	946,927	999,745	1,056,436	1,225,031	1,078,735	883,068	862,852	888,989	692,119
Bank overdraft	54,453	75,366	80,722	56,510	95,540	121,351	131,068	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	260,343	198,897	178,666	280,647	240,782	182,088	143,258	668,614	738,532	608,602	649,645	690,051	538,599
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	5,014	6,669	9,463	23,702	42,237	43,478	30,368	0	0	0	0	0	0
other current liabilities	345,497	382,607	329,039	294,208	261,740	376,250	281,590	0	0	0	0	0	0
total current liabilities	665,307	663,539	597,890	655,067	640,299	723,167	586,284	668,614	738,532	608,602	649,645	690,051	538,599
loans	141,452	216,098	129,330	24,869	6,776	0	64,671	0	0	0	0	0	0
hp & lease commitments	1,059	6,093	14,089	26,272	26,086	47,592	77,001	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	179,573	5,217	0	0	8,317	28,268
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	142,511	222,191	143,419	51,141	32,862	47,592	141,672	179,573	5,217	0	0	8,317	28,268
total liabilities	807,818	885,730	741,309	706,208	673,161	770,759	727,956	848,187	743,749	608,602	649,645	698,368	566,867
net assets	165,782	78,737	305,060	314,954	273,766	228,986	328,480	376,844	334,986	274,466	213,207	190,621	125,252
total shareholders funds	165,782	78,737	305,060	314,954	273,766	228,986	328,480	376,844	334,986	274,466	213,207	190,621	125,252

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	127,443	-211,027	-1,005	57,049	62,833	-89,585	-42,003	52,985	39,636	80,604	30,522	90,790	132,294
Depreciation	15,730	19,187	31,228	38,230	41,996	72,811	61,935	37,941	8,317	8,723	11,552	24,837	47,067
Amortisation	18,228	30,384	29,837	29,250	58,501	57,092	54,783	26,340	0	0	0	0	0
Tax	-20,418	0	0	-9,661	-10,504	0	0	-11,127	-9,116	-19,345	-7,936	-25,421	-37,042
Stock	24,475	-3,823	97,781	-17,658	-111,428	166,163	18,384	82,239	-2,933	-3,934	-4,957	3,030	34,731
Debtors	1,988	-48,407	1,779	137,503	133,993	-146,023	-96,616	-102,124	-36,764	29,689	-51,756	249,931	555,076
Creditors	61,446	20,231	-101,981	39,865	58,694	38,830	-525,356	-69,918	129,930	-41,043	-40,406	151,452	538,599
Accruals and Deferred Income	-37,110	53,568	34,831	32,468	-114,510	94,660	281,590	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	138,856	-35,427	-106,650	67,356	74,445	153,668	-90,819	56,106	208,464	3,184	50,445	-11,303	91,111
Investing Activities
capital expenditure	-5,650	-19,899	13,288	-21,870	-25,114	-53,072	-26,355	-230,462	-243,729	-3,141	-42,127	31,265	-149,379
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,650	-19,899	13,288	-21,870	-25,114	-53,072	-26,355	-230,462	-243,729	-3,141	-42,127	31,265	-149,379
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-74,646	86,768	104,461	18,093	6,776	-64,671	64,671	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-6,689	-10,790	-26,422	-18,349	-22,747	-16,299	107,369	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-179,573	174,356	5,217	0	-8,317	-19,951	28,268
share issue	0	0	0	0	0	0	0	0	30,000	0	0	0	30,000
interest	-19,980	-15,296	-8,889	-6,200	-7,549	-9,909	-6,362	0	0	0	0	0	0
cash flow from financing	-101,315	60,682	69,150	-6,456	-23,520	-90,879	-13,895	174,356	35,217	0	-8,317	-19,951	58,268
cash and cash equivalents
cash	10,978	0	0	0	0	0	0	0	-48	43	1	11	0
overdraft	-20,913	-5,356	24,212	-39,030	-25,811	-9,717	131,068	0	0	0	0	0	0
change in cash	31,891	5,356	-24,212	39,030	25,811	9,717	-131,068	0	-48	43	1	11	0

P&L

September 2022

turnover

2.9m

+8%

operating profit

127.4k

gross margin

30.1%

+16.28%

turnover

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

Balance Sheet

September 2022

net assets

165.8k

+1.11%

total assets

973.6k

+0.01%

cash

11k

+1568.29%

net assets

Total assets minus all liabilities

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company number

02584174

Type

Private limited with Share Capital

industry

43342 - Glazing

incorporation date

February 1991

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

compass glass & glazing limited (August 2000)

majordaily limited (November 1991)

incorporated

address

1-2 charterhouse mews, london, EC1M 6BB

last accounts submitted

September 2022

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 compass glass limited. Currently there are 1 open charges and 1 have been satisfied in the past.

compass glass limited Company Information

compass glass limited Estimated Valuation

compass glass limited Estimated Valuation

compass glass limited Estimated Valuation

Compass Glass Limited AI Business Plan

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COMPASS GLASS LIMITED financials

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