glassex holdings limited
glassex holdings limited Company Information
Company Number
03596020
Next Accounts
Jun 2025
Shareholders
glassex investments limited
Group Structure
View All
Industry
Activities of head offices
Registered Address
unit 1 io centre, lea road, waltham abbey, EN9 1AS
Website
http://glassexltd.co.ukglassex holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GLASSEX HOLDINGS LIMITED at £196.5k based on a Turnover of £393.6k and 0.5x industry multiple (adjusted for size and gross margin).
glassex holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GLASSEX HOLDINGS LIMITED at £0 based on an EBITDA of £-53.7k and a 3.95x industry multiple (adjusted for size and gross margin).
glassex holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GLASSEX HOLDINGS LIMITED at £9.2m based on Net Assets of £4.4m and 2.11x industry multiple (adjusted for liquidity).
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Glassex Holdings Limited Overview
Glassex Holdings Limited is a live company located in waltham abbey, EN9 1AS with a Companies House number of 03596020. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 1998, it's largest shareholder is glassex investments limited with a 100% stake. Glassex Holdings Limited is a mature, micro sized company, Pomanda has estimated its turnover at £393.6k with high growth in recent years.
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Glassex Holdings Limited Health Check
Pomanda's financial health check has awarded Glassex Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £393.6k, make it smaller than the average company (£19.8m)
- Glassex Holdings Limited
£19.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (5.9%)
- Glassex Holdings Limited
5.9% - Industry AVG
Production
with a gross margin of 33%, this company has a comparable cost of product (33%)
- Glassex Holdings Limited
33% - Industry AVG
Profitability
an operating margin of -13.6% make it less profitable than the average company (5.8%)
- Glassex Holdings Limited
5.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (110)
2 - Glassex Holdings Limited
110 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)
- Glassex Holdings Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £196.8k, this is equally as efficient (£196.8k)
- Glassex Holdings Limited
£196.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Glassex Holdings Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Glassex Holdings Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Glassex Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (16 weeks)
3 weeks - Glassex Holdings Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9%, this is a lower level of debt than the average (55.8%)
9% - Glassex Holdings Limited
55.8% - Industry AVG
GLASSEX HOLDINGS LIMITED financials
Glassex Holdings Limited's latest turnover from September 2023 is estimated at £393.6 thousand and the company has net assets of £4.4 million. According to their latest financial statements, Glassex Holdings Limited has 2 employees and maintains cash reserves of £24.8 thousand 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||||
| EBITDA* |
* 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 | 509,555 | 266,012 | 256,458 | 162,526 | 166,707 | 10,000 | 337,341 | 339,263 | 341,185 | 343,107 | 331,691 | 165,083 | 167,005 | 168,927 | 170,849 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 2,734,212 | 2,754,125 | 2,356,982 | 2,356,982 | 2,344,098 | 2,344,098 | 2,087,212 | 1,922,413 | 1,580,295 | 1,177,212 | 1,177,212 | 1,177,212 | 1,177,212 | 1,177,212 | 1,177,212 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 3,243,767 | 3,020,137 | 2,613,440 | 2,519,508 | 2,510,805 | 2,354,098 | 2,424,553 | 2,261,676 | 1,921,480 | 1,520,319 | 1,508,903 | 1,342,295 | 1,344,217 | 1,346,139 | 1,348,061 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 105,397 | 136,014 | 56,562 | 291,943 | 284,185 | 212,512 | 162,998 | ||||||||
| Group Debtors | 25,000 | 147,679 | 97,845 | 99,340 | |||||||||||
| Misc Debtors | 1,555,298 | 1,609,538 | 1,777,005 | 1,770,047 | 1,777,394 | 93,432 | 9,717 | 9,614 | |||||||
| Cash | 24,782 | 137,113 | 181,750 | 415,621 | 519,648 | 2,645,117 | 482,432 | 405,236 | 668,261 | 988,229 | 1,008,520 | 853,169 | 882,080 | 874,822 | 871,502 |
| misc current assets | |||||||||||||||
| total current assets | 1,580,080 | 1,746,651 | 1,958,755 | 2,185,668 | 2,322,042 | 2,886,228 | 589,994 | 514,190 | 773,658 | 1,124,243 | 1,065,082 | 1,145,112 | 1,166,265 | 1,087,334 | 1,034,500 |
| total assets | 4,823,847 | 4,766,788 | 4,572,195 | 4,705,176 | 4,832,847 | 5,240,326 | 3,014,547 | 2,775,866 | 2,695,138 | 2,644,562 | 2,573,985 | 2,487,407 | 2,510,482 | 2,433,473 | 2,382,561 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 91 | 22,367 | 27,864 | 25,604 | 10,417 | 28,434 | 25,316 | 24,247 | |||||||
| Group/Directors Accounts | 299,100 | 300,000 | |||||||||||||
| other short term finances | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 126,588 | 14,610 | 1,400 | 31,400 | 124,009 | 458,003 | 40,268 | 47,516 | |||||||
| total current liabilities | 425,888 | 314,810 | 1,600 | 31,691 | 124,209 | 458,203 | 40,468 | 47,716 | 22,367 | 27,864 | 25,604 | 10,417 | 28,434 | 25,316 | 24,247 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 9,832 | 14,386 | 12,388 | 13,858 | 18,411 | 16,770 | 19,380 | ||||||||
| total long term liabilities | 9,832 | 14,386 | 12,388 | 13,858 | 18,411 | 16,770 | 19,380 | ||||||||
| total liabilities | 435,720 | 329,196 | 13,988 | 45,549 | 142,620 | 474,973 | 59,848 | 47,716 | 22,367 | 27,864 | 25,604 | 10,417 | 28,434 | 25,316 | 24,247 |
| net assets | 4,388,127 | 4,437,592 | 4,558,207 | 4,659,627 | 4,690,227 | 4,765,353 | 2,954,699 | 2,728,150 | 2,672,771 | 2,616,698 | 2,548,381 | 2,476,990 | 2,482,048 | 2,408,157 | 2,358,314 |
| total shareholders funds | 4,388,127 | 4,437,592 | 4,558,207 | 4,659,627 | 4,690,227 | 4,765,353 | 2,954,699 | 2,728,150 | 2,672,771 | 2,616,698 | 2,548,381 | 2,476,990 | 2,482,048 | 2,408,157 | 2,358,314 |
| 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 | |||||||||||||||
| Depreciation | 20,565 | 30,848 | 1,121 | 1,922 | 1,922 | 1,922 | 1,922 | 1,922 | 1,922 | 1,922 | 1,922 | 1,922 | |||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -54,240 | -167,467 | 6,958 | -32,347 | 1,561,283 | 133,549 | -1,392 | 3,557 | -30,617 | 79,452 | -235,381 | 7,758 | 71,673 | 49,514 | 162,998 |
| Creditors | -91 | 91 | -22,367 | -5,497 | 2,260 | 15,187 | -18,017 | 3,118 | 1,069 | 24,247 | |||||
| Accruals and Deferred Income | 111,978 | 13,210 | -30,000 | -92,609 | -333,994 | 417,735 | -7,248 | 47,516 | |||||||
| Deferred Taxes & Provisions | -4,554 | 1,998 | -1,470 | -4,553 | 1,641 | -2,610 | 19,380 | ||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -19,913 | 397,143 | 12,884 | 256,886 | 164,799 | 342,118 | 403,083 | 1,177,212 | |||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -900 | 300,000 | |||||||||||||
| Other Short Term Loans | 200 | ||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -112,331 | -44,637 | -233,871 | -104,027 | -2,125,469 | 2,162,685 | 77,196 | -263,025 | -319,968 | -20,291 | 155,351 | -28,911 | 7,258 | 3,320 | 871,502 |
| overdraft | |||||||||||||||
| change in cash | -112,331 | -44,637 | -233,871 | -104,027 | -2,125,469 | 2,162,685 | 77,196 | -263,025 | -319,968 | -20,291 | 155,351 | -28,911 | 7,258 | 3,320 | 871,502 |
glassex holdings limited Credit Report and Business Information
Glassex Holdings Limited Competitor Analysis
Perform a competitor analysis for glassex holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EN9 area or any other competitors across 12 key performance metrics.
glassex holdings limited Ownership
GLASSEX HOLDINGS LIMITED group structure
Glassex Holdings Limited has no subsidiary companies.
Ultimate parent company
GLASSEX HOLDINGS LIMITED
03596020
glassex holdings limited directors
Glassex Holdings Limited currently has 2 directors. The longest serving directors include Mr Alfred Gibbons (Jul 1998) and Mr Adrian Gibbons (Jul 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alfred Gibbons | 89 years | Jul 1998 | - | Director | |
| Mr Adrian Gibbons | England | 62 years | Jul 2013 | - | Director |
P&L
September 2023turnover
393.6k
+9%
operating profit
-53.7k
0%
gross margin
33.1%
-0.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
4.4m
-0.01%
total assets
4.8m
+0.01%
cash
24.8k
-0.82%
net assets
Total assets minus all liabilities
glassex holdings limited company details
company number
03596020
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
July 1998
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
unit 1 io centre, lea road, waltham abbey, EN9 1AS
Bank
HSBC BANK PLC
Legal Advisor
-
glassex holdings 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 1 charges/mortgages relating to glassex holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
glassex holdings 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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glassex holdings limited Companies House Filings - See Documents
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