Croft Glass Limited

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croft glass limited Company Information

Company Number

02955676

Next Accounts

Jun 2025

Directors

Mark Gardiner

Shareholders

saracen holdings ltd

Group Structure

View All

Industry

Glazing

Registered Address

20 eversley road, bexhill-on-sea, east sussex, TN40 1HE

Website

www.croft-glass.com

croft glass limited Estimated Valuation

£904.5k

Pomanda estimates the enterprise value of CROFT GLASS LIMITED at £904.5k based on Net Assets of £376.4k and 2.4x industry multiple (adjusted for liquidity).

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Croft Glass Limited is a live company located in east sussex, TN40 1HE with a Companies House number of 02955676. It operates in the glazing sector, SIC Code 43342. Founded in August 1994, it's largest shareholder is saracen holdings ltd with a 100% stake. Croft Glass Limited is a mature, small sized company, Pomanda has estimated its turnover at £972.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Croft Glass Limited a 4 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 Rating4out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £972.3k, make it in line with the average company (£825.8k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9.9%)

EXPORT

Croft Glass Limited's latest turnover from September 2023 is estimated at £972.3 thousand and the company has net assets of £376.4 thousand. According to their latest financial statements, Croft Glass Limited has 11 employees and maintains cash reserves of £340 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	972,294	991,431	991,727	825,882	816,032	915,637	981,513	681,890	2,629,927	3,072,954	2,664,962	3,047,758	2,035,178	2,662,665
Other Income Or Grants
Cost Of Sales	676,185	686,860	735,602	568,786	593,189	682,726	665,749	472,699	1,806,308	1,993,918	1,757,548	2,006,459	1,339,954	1,736,953
Gross Profit	296,109	304,571	256,125	257,096	222,842	232,912	315,765	209,191	823,620	1,079,036	907,413	1,041,299	695,224	925,711
Admin Expenses	136,853	198,097	216,495	93,154	-8,421	258,994	381,498	17,008	712,705	968,544	839,463	1,064,413	570,657	799,221	623,375
Operating Profit	159,256	106,474	39,630	163,942	231,263	-26,082	-65,733	192,183	110,915	110,492	67,950	-23,114	124,567	126,490	-623,375
Interest Payable	2,759	2,315	2,416	1,969	2,175	1,663	144
Interest Receivable	560	383	83	77	9	8	46	190	470	376	323	176	61	122	110
Pre-Tax Profit	157,056	104,542	37,298	162,049	229,096	-27,737	-65,831	192,373	111,385	110,868	68,273	-22,938	124,628	126,613	-623,265
Tax	-39,264	-19,863	-7,087	-30,789	-43,528			-38,474	-22,277	-23,282	-15,703		-32,403	-35,451
Profit After Tax	117,792	84,679	30,211	131,260	185,568	-27,737	-65,831	153,898	89,108	87,586	52,570	-22,938	92,225	91,161	-623,265
Dividends Paid
Retained Profit	117,792	84,679	30,211	131,260	185,568	-27,737	-65,831	153,898	89,108	87,586	52,570	-22,938	92,225	91,161	-623,265
Employee Costs	329,447	320,384	350,848	254,004	383,679	402,932	376,391	169,241	695,599	896,945	722,789	894,357	564,254	637,874
Number Of Employees	11	12	12	10	13	14	14	6	24	33	28	35	22	27
EBITDA*	204,361	144,163	70,720	191,812	253,600	1,006	-32,124	224,167	144,301	141,626	105,111	3,726	152,846	147,428	-602,912

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	278,977	264,212	251,965	249,814	240,759	262,538	289,626	292,302	304,031	304,830	330,431	307,007	318,847	304,362	310,457
Intangible Assets
Investments & Other	100	100	100	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)
Total Fixed Assets	279,077	264,312	252,065	249,914	240,859	262,638	289,726	292,402	304,131	304,930	330,531	307,107	318,847	304,362	310,457
Stock & work in progress	43,136	44,162	38,653	28,911	20,840	23,081	29,666	24,191	69,097	77,914	64,300	64,308	41,512	40,485	16,394
Trade Debtors	81,694	123,656	124,992	56,558	63,740	91,519	109,591	110,401	171,292	238,648	67,525	117,756	60,701	83,084	39,526
Group Debtors	622,108	528,437	471,741	308,062	230,904	121,084	101,084	71,528
Misc Debtors	5,195	10,296	3,818	3,818	5,881	7,310	7,254	13,763
Cash	340	20,975	13,080	152,651	1,170	1,170	1,063	35,993	115,840	72,221	78,237	50,901	19,327	5,132	43,840
misc current assets
total current assets	752,473	727,526	652,284	550,000	322,535	244,164	248,658	255,876	356,229	388,783	210,062	232,965	121,540	128,701	99,760
total assets	1,031,550	991,838	904,349	799,914	563,394	506,802	538,384	548,278	660,360	693,713	540,593	540,072	440,387	433,063	410,217
Bank overdraft	21,187	5,918	16,976	7,932	8,187	33,086	4,611
Bank loan					6,803
Trade Creditors	186,968	147,258	155,198	167,234	148,302	120,306	130,034	86,403	879,102	1,001,448	914,385	985,700	853,538	956,053	1,033,382
Group/Directors Accounts	153	153	153	153	43,143	37,703	106,119	171,461
other short term finances
hp & lease commitments	47,248	29,211	21,989	21,112	10,711	23,485	23,487	14,902
other current liabilities	341,282	491,398	484,937	392,440	321,923	447,487	389,764	331,289
total current liabilities	596,838	673,938	679,253	588,871	539,069	662,067	654,015	604,055	879,102	1,001,448	914,385	985,700	853,538	956,053	1,033,382
loans	6,168	15,781	17,441	36,854	4,786	11,589
hp & lease commitments	36,252	26,344	20,211	19,374		6,269	29,755	20,007
Accruals and Deferred Income
other liabilities									14,711	14,826	36,355	17,089	26,628	9,014
provisions	15,905	17,180	13,528	11,110	7,094			3,771
total long term liabilities	58,325	59,305	51,180	67,338	11,880	17,858	29,755	23,778	14,711	14,826	36,355	17,089	26,628	9,014
total liabilities	655,163	733,243	730,433	656,209	550,949	679,925	683,770	627,833	893,813	1,016,274	950,740	1,002,789	880,166	965,067	1,033,382
net assets	376,387	258,595	173,916	143,705	12,445	-173,123	-145,386	-79,555	-233,453	-322,561	-410,147	-462,717	-439,779	-532,004	-623,165
total shareholders funds	376,387	258,595	173,916	143,705	12,445	-173,123	-145,386	-79,555	-233,453	-322,561	-410,147	-462,717	-439,779	-532,004	-623,165

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	159,256	106,474	39,630	163,942	231,263	-26,082	-65,733	192,183	110,915	110,492	67,950	-23,114	124,567	126,490	-623,375
Depreciation	45,105	37,689	31,090	27,870	22,337	27,088	33,609	31,984	33,386	31,134	37,161	26,840	28,279	20,938	20,463
Amortisation
Tax	-39,264	-19,863	-7,087	-30,789	-43,528			-38,474	-22,277	-23,282	-15,703		-32,403	-35,451
Stock	-1,026	5,509	9,742	8,071	-2,241	-6,585	5,475	-44,906	-8,817	13,614	-8	22,796	1,027	24,091	16,394
Debtors	46,608	61,838	232,113	67,913	80,612	1,984	22,237	24,400	-67,356	171,123	-50,231	57,055	-22,383	43,558	39,526
Creditors	39,710	-7,940	-12,036	18,932	27,996	-9,728	43,631	-792,699	-122,346	87,063	-71,315	132,162	-102,515	-77,329	1,033,382
Accruals and Deferred Income	-150,116	6,461	92,497	70,517	-125,564	57,723	58,475	331,289
Deferred Taxes & Provisions	-1,275	3,652	2,418	4,016	7,094		-3,771	3,771
Cash flow from operations	7,834	59,126	-95,343	178,504	41,227	53,602	38,499	-251,440	75,851	20,670	68,332	56,037	39,284	-33,001	374,550
Investing Activities
capital expenditure	-59,870	-49,936	-33,241	-36,925	-558		-30,933	-20,255	-32,587	-5,533	-60,585	-15,000	-42,764	-14,843	-330,920
Change in Investments												100
cash flow from investments	-59,870	-49,936	-33,241	-36,925	-558		-30,933	-20,255	-32,587	-5,533	-60,585	-15,100	-42,764	-14,843	-330,920
Financing Activities
Bank loans				-6,803	6,803
Group/Directors Accounts				-42,990	5,440	-68,416	-65,342	171,461
Other Short Term Loans
Long term loans	-9,613	-1,660	-19,413	32,068	-6,803	11,589
Hire Purchase and Lease Commitments	27,945	13,355	1,714	29,775	-19,043	-23,488	18,333	34,909
other long term liabilities								-14,711	-115	-21,529	19,266	-9,539	17,614	9,014
share issue															100
interest	-2,199	-1,932	-2,333	-1,892	-2,166	-1,655	-98	190	470	376	323	176	61	122	110
cash flow from financing	16,133	9,763	-20,032	10,158	-15,769	-81,970	-47,107	191,849	355	-21,153	19,589	-9,363	17,675	9,136	210
cash and cash equivalents
cash	-20,635	7,895	-139,571	151,481		107	-34,930	-79,847	43,619	-6,016	27,336	31,574	14,195	-38,708	43,840
overdraft	15,269	-11,058	9,044	-255	-24,899	28,475	4,611
change in cash	-35,904	18,953	-148,615	151,736	24,899	-28,368	-39,541	-79,847	43,619	-6,016	27,336	31,574	14,195	-38,708	43,840

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CROFT GLASS LIMITED group structure

Croft Glass Limited has 1 subsidiary company.

Ultimate parent company

SARACEN HOLDINGS LIMITED

03207523

1 parent

CROFT GLASS LIMITED

02955676

1 subsidiary

CROFT TIMBER WINDOWS & DOORS LIMITED

07847985

CROFT GLASS LIMITED Shareholders

saracen holdings ltd

100%

Croft Glass Limited currently has 1 director, Mr Mark Gardiner serving since Aug 1994.

officer	country	age	start	end	role
Mr Mark Gardiner		62 years	Aug 1994	-	Director

P&L

September 2023

turnover

972.3k

-2%

operating profit

159.3k

gross margin

30.5%

-0.86%

turnover

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

Balance Sheet

September 2023

net assets

376.4k

+0.46%

total assets

+0.04%

cash

340

-0.98%

net assets

Total assets minus all liabilities

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company number

02955676

Type

Private limited with Share Capital

industry

43342 - Glazing

incorporation date

August 1994

ultimate parent company

SARACEN HOLDINGS LIMITED

previous names

N/A

address

20 eversley road, bexhill-on-sea, east sussex, TN40 1HE

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 croft glass limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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croft glass limited Company Information

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croft glass limited Estimated Valuation

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