Glass Block Technology Limited

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glass block technology limited Company Information

Live

MatureSmallDeclining

Company Number

03627691

Website

www.glassblocks.co.uk

Registered Address

corner house, 28 huddersfield road, milnrow, lancashire, OL16 3QF

Industry

Glazing

Non-specialised wholesale trade

Telephone

01616126893

Next Accounts Due

March 2025

Group Structure

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Directors

Pietro Guarino25 Years

Shareholders

pietro georgio guarino 83.3%

rachel louise guarino 16.7%

glass block technology limited Estimated Valuation

£191k

Pomanda estimates the enterprise value of GLASS BLOCK TECHNOLOGY LIMITED at £191k based on a Turnover of £564.3k and 0.34x industry multiple (adjusted for size and gross margin).

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Glass Block Technology Limited is a live company located in milnrow, OL16 3QF with a Companies House number of 03627691. It operates in the glazing sector, SIC Code 43342. Founded in September 1998, it's largest shareholder is pietro georgio guarino with a 83.3% stake. Glass Block Technology Limited is a mature, small sized company, Pomanda has estimated its turnover at £564.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Glass Block Technology Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £564.3k, make it smaller than the average company (£7.8m)

Growth

3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.8%)

EXPORT

Glass Block Technology Limited's latest turnover from June 2023 is estimated at £564.3 thousand and the company has net assets of £4.3 thousand. According to their latest financial statements, Glass Block Technology Limited has 5 employees and maintains cash reserves of £95 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	564,329	648,259	1,265,397	1,227,301	2,624,331	2,307,814	1,117,578	1,611,503	1,513,629	1,926,471	1,853,704	1,505,865	1,580,276	1,894,979
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	399,124	463,325	934,766	878,325	1,910,845	1,682,890	600,709	844,460	755,037	1,309,588	1,277,736	1,037,458	1,077,977	1,270,253
Gross Profit	165,205	184,934	330,631	348,976	713,485	530,940	516,869	767,043	758,592	616,882	575,967	468,407	502,299	624,726
Admin Expenses	119,415	187,608	380,962	259,184	803,520	459,100	404,157	546,883	553,714	540,845	589,067	478,950	479,535	615,730
Operating Profit	45,790	-2,674	-50,331	89,792	-90,035	71,840	112,712	220,160	204,878	76,037	-13,100	-10,543	22,764	8,996
Interest Payable	46,431	38,007	33,173	15,529	10,401	83	0	0	4,284	0	0	0	0	0
Interest Receivable	4,721	1,187	91	47	166	0	0	0	0	243	218	205	182	54
Pre-Tax Profit	4,080	-39,495	-83,413	74,310	-100,270	71,923	112,712	220,160	200,594	76,280	-12,882	-10,338	22,946	9,050
Tax	-1,020	0	0	-14,119	0	0	-1,471	15,503	-41,826	-16,019	0	0	-5,966	-2,534
Profit After Tax	3,060	-39,495	-83,413	60,191	-100,270	71,923	111,241	235,663	158,768	60,261	-12,882	-10,338	16,980	6,516
Dividends Paid	0	0	0	0	0	0	66,000	120,000	152,500	0	0	0	0	0
Retained Profit	3,060	-39,495	-83,413	60,191	-100,270	71,923	45,241	115,663	6,268	60,261	-12,882	-10,338	16,980	6,516
Employee Costs	178,803	169,067	164,954	191,332	199,137	226,978	217,080	361,886	305,708	420,204	384,575	356,438	342,588	382,180
Number Of Employees	5	5	5	6	6	7	7	12	10	14	13	12	12	14
EBITDA*	49,582	1,665	-45,228	97,590	-81,841	74,952	117,980	226,733	213,325	84,779	-4,513	-2,312	28,680	19,885

* 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	21,487	24,589	28,928	34,031	37,186	45,380	34,752	25,115	31,687	40,134	46,239	31,065	35,652	38,228
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	21,487	24,589	28,928	34,031	37,186	45,380	34,752	25,115	31,687	40,134	46,239	31,065	35,652	38,228
Stock & work in progress	278,011	271,325	276,802	346,675	420,000	615,095	455,024	433,209	401,212	304,631	248,584	239,204	196,328	251,764
Trade Debtors	10,944	24,809	177,609	56,071	391,652	229,358	291,915	301,506	172,603	159,646	124,101	95,176	146,872	153,582
Group Debtors	29,522	138,297	270,509	422,369	0	0	0	0	0	0	0	0	0	0
Misc Debtors	32,749	41,763	41,021	21,082	0	40,063	4,589	0	34,050	0	0	0	0	0
Cash	94,965	93,889	95,953	86,295	7,013	37,207	38,568	89,356	91,109	41,117	56,154	30,969	51,095	21,633
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	446,191	570,083	861,894	932,492	818,665	921,723	790,096	824,071	698,974	505,394	428,839	365,349	394,295	426,979
total assets	467,678	594,672	890,822	966,523	855,851	967,103	824,848	849,186	730,661	545,528	475,078	396,414	429,947	465,207
Bank overdraft	152,908	215,704	208,641	125,985	0	308,174	119,627	83,967	87,205	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	16,202	46,619	164,353	209,248	558,275	414,487	429,472	420,396	263,523	483,741	473,552	382,006	405,201	457,441
Group/Directors Accounts	70,826	51,408	71,172	20,628	0	5,386	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,147	25,464	36,084	103,379	0	74,857	43,473	161,105	311,878	0	0	0	0	0
total current liabilities	242,083	339,195	480,250	459,240	558,275	802,904	592,572	665,468	662,606	483,741	473,552	382,006	405,201	457,441
loans	221,323	254,265	369,865	383,163	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	233,647	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	221,323	254,265	369,865	383,163	233,647	0	0	0	0	0	0	0	0	0
total liabilities	463,406	593,460	850,115	842,403	791,922	802,904	592,572	665,468	662,606	483,741	473,552	382,006	405,201	457,441
net assets	4,272	1,212	40,707	124,120	63,929	164,199	232,276	183,718	68,055	61,787	1,526	14,408	24,746	7,766
total shareholders funds	4,272	1,212	40,707	124,120	63,929	164,199	232,276	183,718	68,055	61,787	1,526	14,408	24,746	7,766

	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	45,790	-2,674	-50,331	89,792	-90,035	71,840	112,712	220,160	204,878	76,037	-13,100	-10,543	22,764	8,996
Depreciation	3,792	4,339	5,103	7,798	8,194	3,112	5,268	6,573	8,447	8,742	8,587	8,231	5,916	10,889
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,020	0	0	-14,119	0	0	-1,471	15,503	-41,826	-16,019	0	0	-5,966	-2,534
Stock	6,686	-5,477	-69,873	-73,325	-195,095	160,071	21,815	31,997	96,581	56,047	9,380	42,876	-55,436	251,764
Debtors	-131,654	-284,270	-10,383	107,870	122,231	-27,083	-5,002	94,853	47,007	35,545	28,925	-51,696	-6,710	153,582
Creditors	-30,417	-117,734	-44,895	-349,027	143,788	-14,985	9,076	156,873	-220,218	10,189	91,546	-23,195	-52,240	457,441
Accruals and Deferred Income	-23,317	-10,620	-67,295	103,379	-74,857	31,384	-117,632	-150,773	311,878	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	119,796	163,058	-77,162	-196,722	59,954	-41,637	-8,860	121,486	119,571	-12,643	48,728	-16,687	32,620	69,446
Investing Activities
capital expenditure	-690	0	0	-4,643	0	-13,740	-14,905	-1	0	-2,637	-23,761	-3,644	-3,340	-49,117
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-690	0	0	-4,643	0	-13,740	-14,905	-1	0	-2,637	-23,761	-3,644	-3,340	-49,117
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	19,418	-19,764	50,544	20,628	-5,386	5,386	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	0
Long term loans	-32,942	-115,600	-13,298	383,163	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-233,647	233,647	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	-140,000	3,317	0	0	0	0	0	0	1,250
interest	-41,710	-36,820	-33,082	-15,482	-10,235	-83	0	0	-4,284	243	218	205	182	54
cash flow from financing	-55,234	-172,184	4,164	154,662	218,026	-134,697	3,317	0	-4,284	243	218	205	182	1,304
cash and cash equivalents
cash	1,076	-2,064	9,658	79,282	-30,194	-1,361	-50,788	-1,753	49,992	-15,037	25,185	-20,126	29,462	21,633
overdraft	-62,796	7,063	82,656	125,985	-308,174	188,547	35,660	-3,238	87,205	0	0	0	0	0
change in cash	63,872	-9,127	-72,998	-46,703	277,980	-189,908	-86,448	1,485	-37,213	-15,037	25,185	-20,126	29,462	21,633

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLASS BLOCK TECHNOLOGY LIMITED group structure

Glass Block Technology Limited has 1 subsidiary company.

Ultimate parent company

GLASS BLOCK TECHNOLOGY LIMITED

03627691

1 subsidiary

SIMPLY GLASS BLOCKS LIMITED

05252536

GLASS BLOCK TECHNOLOGY LIMITED Shareholders

pietro georgio guarino	83.33%
rachel louise guarino	16.67%

Glass Block Technology Limited currently has 1 director, Mr Pietro Guarino serving since Sep 1998.

officer	country	age	start	end	role
Mr Pietro Guarino	United Kingdom	47 years	Sep 1998	-	Director

P&L

June 2023

turnover

564.3k

-13%

operating profit

45.8k

gross margin

29.3%

+2.62%

turnover

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

Balance Sheet

June 2023

net assets

4.3k

+2.52%

total assets

467.7k

-0.21%

cash

95k

+0.01%

net assets

Total assets minus all liabilities

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company number

03627691

Type

Private limited with Share Capital

industry

43342 - Glazing

46900 - Non-specialised wholesale trade

incorporation date

September 1998

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

corner house, 28 huddersfield road, milnrow, lancashire, OL16 3QF

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 4 charges/mortgages relating to glass block technology limited. Currently there are 4 open charges and 0 have been satisfied in the past.

glass block technology limited Company Information

glass block technology limited Estimated Valuation

glass block technology limited Estimated Valuation

glass block technology limited Estimated Valuation

Glass Block Technology Limited Overview

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GLASS BLOCK TECHNOLOGY LIMITED financials

glass block technology limited Credit Report and Business Information

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glass block technology limited Ownership

glass block technology limited directors

glass block technology limited company details

glass block technology limited Charges & Mortgages

glass block technology limited Companies House Filings - See Documents