glide student & residential limited

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glide student & residential limited Company Information

Share GLIDE STUDENT & RESIDENTIAL LIMITED

Company Number

03188615

Shareholders

gibson midco ltd

Group Structure

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Industry

Web portals

 +2

Registered Address

glide house, ground floor, building 4, clevedon, BS21 6UJ

glide student & residential limited Estimated Valuation

£51.2m

Pomanda estimates the enterprise value of GLIDE STUDENT & RESIDENTIAL LIMITED at £51.2m based on a Turnover of £28m and 1.83x industry multiple (adjusted for size and gross margin).

glide student & residential limited Estimated Valuation

£69.2m

Pomanda estimates the enterprise value of GLIDE STUDENT & RESIDENTIAL LIMITED at £69.2m based on an EBITDA of £9.2m and a 7.54x industry multiple (adjusted for size and gross margin).

glide student & residential limited Estimated Valuation

£0

Pomanda estimates the enterprise value of GLIDE STUDENT & RESIDENTIAL LIMITED at £0 based on Net Assets of £-25.9m and 2.59x industry multiple (adjusted for liquidity).

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Glide Student & Residential Limited Overview

Glide Student & Residential Limited is a live company located in clevedon, BS21 6UJ with a Companies House number of 03188615. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in April 1996, it's largest shareholder is gibson midco ltd with a 100% stake. Glide Student & Residential Limited is a mature, large sized company, Pomanda has estimated its turnover at £28m with healthy growth in recent years.

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Glide Student & Residential Limited Health Check

Pomanda's financial health check has awarded Glide Student & Residential Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £28m, make it larger than the average company (£4.8m)

£28m - Glide Student & Residential Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.9%)

11% - Glide Student & Residential Limited

7.9% - Industry AVG

production

Production

with a gross margin of 61.9%, this company has a lower cost of product (43.5%)

61.9% - Glide Student & Residential Limited

43.5% - Industry AVG

profitability

Profitability

an operating margin of -18.6% make it less profitable than the average company (2.6%)

-18.6% - Glide Student & Residential Limited

2.6% - Industry AVG

employees

Employees

with 206 employees, this is above the industry average (34)

206 - Glide Student & Residential Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £62.7k, the company has an equivalent pay structure (£55.9k)

£62.7k - Glide Student & Residential Limited

£55.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £135.8k, this is less efficient (£160k)

£135.8k - Glide Student & Residential Limited

£160k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 56 days, this is later than average (41 days)

56 days - Glide Student & Residential Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 104 days, this is slower than average (44 days)

104 days - Glide Student & Residential Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 190 days, this is more than average (17 days)

190 days - Glide Student & Residential Limited

17 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (13 weeks)

5 weeks - Glide Student & Residential Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 129.5%, this is a higher level of debt than the average (68.7%)

129.5% - Glide Student & Residential Limited

68.7% - Industry AVG

GLIDE STUDENT & RESIDENTIAL LIMITED financials

EXPORTms excel logo

Glide Student & Residential Limited's latest turnover from January 2024 is £28 million and the company has net assets of -£25.9 million. According to their latest financial statements, Glide Student & Residential Limited has 206 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Oct 2017Oct 2016Oct 2015Oct 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover27,975,00024,258,00021,826,00020,640,00021,812,00019,201,0003,876,00019,736,00020,286,00017,068,00019,006,25316,897,64615,176,33012,162,2598,227,0848,054,243
Other Income Or Grants0000000000000000
Cost Of Sales10,658,0008,861,0007,402,0007,225,0008,385,0007,500,0001,418,0005,815,0007,350,0005,831,0007,985,5317,837,9357,902,1436,098,5563,459,9703,917,568
Gross Profit17,317,00015,397,00014,424,00013,415,00013,427,00011,701,0002,458,00013,921,00012,936,00011,237,00011,020,7229,059,7117,274,1876,063,7034,767,1144,136,675
Admin Expenses22,518,00038,766,00018,862,00015,429,00015,037,00014,337,0002,890,00013,597,0009,753,0008,231,00011,746,3126,597,0365,601,3434,766,8263,717,9813,083,894
Operating Profit-5,201,000-23,369,000-4,438,000-2,014,000-1,610,000-2,636,000-432,000324,0003,183,0003,006,000-725,5902,462,6751,672,8441,296,8771,049,1331,052,781
Interest Payable144,000150,000101,000000094,00045,0000012,9916,6898,79413,8126,691
Interest Receivable0001,0001,0003,000007,0002,0003,9870001794,343
Pre-Tax Profit-5,345,000-23,519,000-4,539,000-2,013,000-1,609,000-2,633,000-432,000230,0003,145,0003,008,000-721,6032,449,6841,666,1551,288,0831,035,5001,050,433
Tax00-1,402,000411,000204,000-187,00037,000553,00071,0000574,400-280,570-161,853-51,526-9,137-10,756
Profit After Tax-5,345,000-23,519,000-5,941,000-1,602,000-1,405,000-2,820,000-395,000783,0003,216,0003,008,000-147,2032,169,1141,504,3021,236,5571,026,3631,039,677
Dividends Paid0000000000000000
Retained Profit-5,345,000-23,519,000-5,941,000-1,602,000-1,405,000-2,820,000-395,000783,0003,216,0003,008,000-147,2032,169,1141,504,3021,236,5571,026,3631,039,677
Employee Costs12,913,00011,855,0009,126,0007,835,0006,316,0005,717,0001,268,0004,878,0004,415,0003,825,0002,722,4423,111,6322,903,9272,509,3532,074,1251,785,432
Number Of Employees20619715614814313212211410894838368615240
EBITDA*9,170,000-9,901,0007,233,0007,154,0005,861,0003,635,000787,0007,084,0007,702,0007,155,0003,406,5075,027,9143,881,1393,210,0342,275,7921,804,724

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Oct 2017Oct 2016Oct 2015Oct 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets38,131,00031,286,00025,667,00025,244,00022,822,00020,538,00016,774,00016,257,00014,213,00011,359,00010,938,3638,488,3506,845,2615,544,6535,037,3594,579,185
Intangible Assets4,620,0004,916,0004,418,000808,000938,000813,000877,000895,000861,000729,000693,8651,074,2401,113,4251,391,78100
Investments & Other19,365,00019,365,00034,240,00028,684,00028,685,00031,212,00031,951,00033,029,00015,278,000384,000000000
Debtors (Due After 1 year)9,795,00010,677,00012,228,00012,634,00010,891,000004,555,0001,350,0003,319,0003,977,0272,642,928921,050000
Total Fixed Assets71,911,00066,244,00076,553,00067,370,00063,336,00052,563,00049,602,00054,736,00031,702,00015,791,00015,609,25512,205,5188,879,7366,936,4345,037,3594,579,185
Stock & work in progress5,568,0006,319,0003,760,0002,333,0001,798,000876,0001,278,0001,464,000885,000433,000409,589400,236246,480175,538116,176326,464
Trade Debtors4,335,0005,356,0003,357,0003,614,0003,018,0003,106,0002,845,0005,566,0004,066,0001,978,0004,624,6593,455,7382,965,0240989,5661,364,788
Group Debtors000007,827,0004,252,000000003,123,41001,904,282179,564
Misc Debtors4,386,0004,272,0005,021,0003,614,0004,616,0004,262,0004,542,0004,708,0002,699,0003,678,0002,540,2001,681,0001,130,9824,292,882768,066281,864
Cash1,671,000701,0004,311,0002,958,000228,000739,000345,00001,589,0001,783,0001,761,5912,111,220243,7951,431,620554,494578,150
misc current assets0000000000000000
total current assets15,960,00016,648,00016,449,00012,519,0009,660,00016,810,00013,262,00011,738,0009,239,0007,872,0009,336,0397,648,1947,709,6915,900,0404,332,5842,730,830
total assets87,871,00082,892,00093,002,00079,889,00072,996,00069,373,00062,864,00066,474,00040,941,00023,663,00024,945,29419,853,71216,589,42712,836,4749,369,9437,310,015
Bank overdraft00002,945,0003,292,0004,231,0004,176,000000000022,116
Bank loan0000000000000000
Trade Creditors 3,058,0004,213,0003,035,0003,136,0003,731,0002,581,0002,232,0004,842,0004,242,0003,338,0004,439,5753,909,5723,867,8161,678,6221,110,3921,376,550
Group/Directors Accounts0000000000000000
other short term finances0000000000000000
hp & lease commitments00000000000018,017160,83371,13648,969
other current liabilities13,537,00014,975,00016,301,00011,161,00010,282,00019,907,0007,866,0008,098,0007,011,0005,073,0005,333,4665,580,8324,438,5614,104,1962,205,185873,887
total current liabilities16,595,00019,188,00019,336,00014,297,00016,958,00025,780,00014,329,00017,116,00011,253,0008,411,0009,773,0419,490,4048,324,3945,943,6513,386,7132,321,522
loans97,154,00083,147,00070,680,00056,167,00045,011,00031,161,00020,965,00032,192,00013,305,000808,0001,774,21300000
hp & lease commitments000000000000012,617173,450176,405
Accruals and Deferred Income00000012,318,000000116,31500000
other liabilities0000000000000000
provisions01,090,00000000001,277,0003,122,51656,896127,735247,210413,341442,012
total long term liabilities97,154,00084,237,00070,680,00056,167,00045,011,00031,161,00033,283,00032,192,00013,305,0002,085,0005,013,04456,896127,735259,827586,791618,417
total liabilities113,749,000103,425,00090,016,00070,464,00061,969,00056,941,00047,612,00049,308,00024,558,00010,496,00014,786,0859,547,3008,452,1296,203,4783,973,5042,939,939
net assets-25,878,000-20,533,0002,986,0009,425,00011,027,00012,432,00015,252,00017,166,00016,383,00013,167,00010,159,20910,306,4128,137,2986,632,9965,396,4394,370,076
total shareholders funds-25,878,000-20,533,0002,986,0009,425,00011,027,00012,432,00015,252,00017,166,00016,383,00013,167,00010,159,20910,306,4128,137,2986,632,9965,396,4394,370,076
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Oct 2017Oct 2016Oct 2015Oct 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-5,201,000-23,369,000-4,438,000-2,014,000-1,610,000-2,636,000-432,000324,0003,183,0003,006,000-725,5902,462,6751,672,8441,296,8771,049,1331,052,781
Depreciation11,367,00010,890,0009,361,0008,746,0007,157,0005,905,0001,135,0006,441,0004,272,0003,961,0003,170,7012,250,7341,929,9391,634,8011,226,659751,943
Amortisation3,004,0002,578,0002,310,000422,000314,000366,00084,000319,000247,000188,000961,396314,505278,356278,35600
Tax00-1,402,000411,000204,000-187,00037,000553,00071,0000574,400-280,570-161,853-51,526-9,137-10,756
Stock-751,0002,559,0001,427,000535,000922,000-402,000-186,000579,000452,00023,4119,353153,75670,94259,362-210,288326,464
Debtors-1,789,000-301,000744,0001,337,0003,330,0003,556,000-3,190,0006,714,000-860,000-2,166,8863,362,220-360,8003,847,584630,9681,835,6981,826,216
Creditors-1,155,0001,178,000-101,000-595,0001,150,000349,000-2,610,000600,000904,000-1,101,575530,00341,7562,189,194568,230-266,1581,376,550
Accruals and Deferred Income-1,438,000-1,326,0005,140,000879,000-9,625,000-277,00012,086,0001,087,0001,938,000-376,781-131,0511,142,271334,3651,899,0111,331,298873,887
Deferred Taxes & Provisions-1,090,0001,090,000000000-1,277,000-1,845,5163,065,620-70,839-119,475-166,131-28,671442,012
Cash flow from operations8,027,000-11,217,0008,699,0005,977,000-6,662,000366,00013,676,0002,031,0009,746,0005,974,6034,073,9066,067,5762,204,8444,769,2881,677,7142,333,737
Investing Activities
capital expenditure-20,920,000-19,585,000-15,704,000-11,460,000-9,880,000-9,971,000-1,718,000-8,838,000-7,505,000-4,604,772-6,201,735-4,169,143-3,230,547-3,812,232-1,684,833-5,331,128
Change in Investments0-14,875,0005,556,000-1,000-2,527,000-739,000-1,078,00017,751,00014,894,000384,000000000
cash flow from investments-20,920,000-4,710,000-21,260,000-11,459,000-7,353,000-9,232,000-640,000-26,589,000-22,399,000-4,988,772-6,201,735-4,169,143-3,230,547-3,812,232-1,684,833-5,331,128
Financing Activities
Bank loans0000000000000000
Group/Directors Accounts0000000000000000
Other Short Term Loans 0000000000000000
Long term loans14,007,00012,467,00014,513,00011,156,00013,850,00010,196,000-11,227,00018,887,00012,497,000-966,2131,774,21300000
Hire Purchase and Lease Commitments00000000000-18,017-155,433-71,13619,212225,374
other long term liabilities0000000000000000
share issue00-498,000000-1,519,00000-209000003,330,399
interest-144,000-150,000-101,0001,0001,0003,0000-94,000-38,0002,0003,987-12,991-6,689-8,794-13,633-2,348
cash flow from financing13,863,00012,317,00013,914,00011,157,00013,851,00010,199,000-12,746,00018,793,00012,459,000-964,4221,778,200-31,008-162,122-79,9305,5793,553,425
cash and cash equivalents
cash970,000-3,610,0001,353,0002,730,000-511,000394,000345,000-1,589,000-194,00021,409-349,6291,867,425-1,187,825877,126-23,656578,150
overdraft000-2,945,000-347,000-939,00055,0004,176,000000000-22,11622,116
change in cash970,000-3,610,0001,353,0005,675,000-164,0001,333,000290,000-5,765,000-194,00021,409-349,6291,867,425-1,187,825877,126-1,540556,034

glide student & residential limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Glide Student & Residential Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for glide student & residential limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in BS21 area or any other competitors across 12 key performance metrics.

glide student & residential limited Ownership

GLIDE STUDENT & RESIDENTIAL LIMITED group structure

Glide Student & Residential Limited has 4 subsidiary companies.

Ultimate parent company

PROJECT HAWK TOPCO LTD

#0137408

2 parents

GLIDE STUDENT & RESIDENTIAL LIMITED

03188615

4 subsidiaries

GLIDE STUDENT & RESIDENTIAL LIMITED Shareholders

gibson midco ltd 100%

glide student & residential limited directors

Glide Student & Residential Limited currently has 2 directors. The longest serving directors include Mr Timothy Pilcher (Feb 2015) and Mrs Paula Benoit (Jul 2023).

officercountryagestartendrole
Mr Timothy PilcherUnited Kingdom55 years Feb 2015- Director
Mrs Paula BenoitUnited Kingdom54 years Jul 2023- Director

P&L

January 2024

turnover

28m

+15%

operating profit

-5.2m

-78%

gross margin

62%

-2.47%

turnover

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

Balance Sheet

January 2024

net assets

-25.9m

+0.26%

total assets

87.9m

+0.06%

cash

1.7m

+1.38%

net assets

Total assets minus all liabilities

glide student & residential limited company details

company number

03188615

Type

Private limited with Share Capital

industry

61100 - Wired telecommunications activities

63120 - Web portals

61200 - Wireless telecommunications activities

incorporation date

April 1996

age

29

incorporated

UK

ultimate parent company

PROJECT HAWK TOPCO LTD

accounts

Full Accounts

last accounts submitted

January 2024

previous names

cablecom networking limited (November 2018)

c j electrical limited (August 1998)

accountant

-

auditor

RSM UK AUDIT LLP

address

glide house, ground floor, building 4, clevedon, BS21 6UJ

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

glide student & residential limited Charges & Mortgages

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 12 charges/mortgages relating to glide student & residential limited. Currently there are 1 open charges and 11 have been satisfied in the past.

glide student & residential limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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glide student & residential limited Companies House Filings - See Documents

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