glen foundry limited
glen foundry limited Company Information
Company Number
03754526
Registered Address
first floor templeback, 10 temple back, bristol, BS1 6FL
Industry
Casting of light metals
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
j & l corrigan ltd 100%
glen foundry limited Estimated Valuation
Pomanda estimates the enterprise value of GLEN FOUNDRY LIMITED at £5.9m based on a Turnover of £11.2m and 0.53x industry multiple (adjusted for size and gross margin).
glen foundry limited Estimated Valuation
Pomanda estimates the enterprise value of GLEN FOUNDRY LIMITED at £4.1m based on an EBITDA of £1.1m and a 3.83x industry multiple (adjusted for size and gross margin).
glen foundry limited Estimated Valuation
Pomanda estimates the enterprise value of GLEN FOUNDRY LIMITED at £8.3m based on Net Assets of £5.2m and 1.59x industry multiple (adjusted for liquidity).
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Glen Foundry Limited Overview
Glen Foundry Limited is a live company located in bristol, BS1 6FL with a Companies House number of 03754526. It operates in the casting of light metals sector, SIC Code 24530. Founded in April 1999, it's largest shareholder is j & l corrigan ltd with a 100% stake. Glen Foundry Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.2m with low growth in recent years.
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Glen Foundry Limited Health Check
Pomanda's financial health check has awarded Glen Foundry Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £11.2m, make it in line with the average company (£12.9m)
£11.2m - Glen Foundry Limited
£12.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (0.9%)
2% - Glen Foundry Limited
0.9% - Industry AVG
Production
with a gross margin of 20.8%, this company has a comparable cost of product (19.2%)
20.8% - Glen Foundry Limited
19.2% - Industry AVG
Profitability
an operating margin of 8.8% make it more profitable than the average company (2.1%)
8.8% - Glen Foundry Limited
2.1% - Industry AVG
Employees
with 54 employees, this is below the industry average (104)
54 - Glen Foundry Limited
104 - Industry AVG
Pay Structure
on an average salary of £11.6k, the company has a lower pay structure (£33.4k)
£11.6k - Glen Foundry Limited
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £206.6k, this is more efficient (£115.7k)
£206.6k - Glen Foundry Limited
£115.7k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is earlier than average (72 days)
56 days - Glen Foundry Limited
72 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (46 days)
5 days - Glen Foundry Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 76 days, this is in line with average (70 days)
76 days - Glen Foundry Limited
70 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (5 weeks)
37 weeks - Glen Foundry Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.4%, this is a lower level of debt than the average (52.9%)
18.4% - Glen Foundry Limited
52.9% - Industry AVG
glen foundry limited Credit Report and Business Information
Glen Foundry Limited Competitor Analysis
Perform a competitor analysis for glen foundry limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
glen foundry limited Ownership
GLEN FOUNDRY LIMITED group structure
Glen Foundry Limited has 2 subsidiary companies.
Ultimate parent company
J & L CORRIGAN LTD
#0153584
1 parent
GLEN FOUNDRY LIMITED
03754526
2 subsidiaries
glen foundry limited directors
Glen Foundry Limited currently has 4 directors. The longest serving directors include Mr Brian Taggart (Sep 2019) and Mr Gary Brese (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Taggart | Scotland | 53 years | Sep 2019 | - | Director |
| Mr Gary Brese | Scotland | 34 years | Sep 2019 | - | Director |
| Mr Peter Currie | Scotland | 65 years | Sep 2019 | - | Director |
| Mr David Armour | Scotland | 58 years | Sep 2019 | - | Director |
GLEN FOUNDRY LIMITED financials
Glen Foundry Limited's latest turnover from December 2022 is £11.2 million and the company has net assets of £5.2 million. According to their latest financial statements, Glen Foundry Limited has 54 employees and maintains cash reserves of £547.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,155,914 | 11,865,191 | 6,918,382 | 10,552,868 | 4,714,165 | 4,789,889 | 5,376,918 | 3,640,354 | 3,327,907 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 8,836,583 | 9,633,562 | 5,596,183 | 9,465,927 | 3,743,884 | 3,695,960 | 3,696,747 | 2,533,013 | 2,366,026 | |||||
| Gross Profit | 2,319,331 | 2,231,629 | 1,322,199 | 1,086,941 | 970,281 | 1,093,929 | 1,680,171 | 1,107,341 | 961,881 | |||||
| Admin Expenses | 1,342,942 | 1,340,225 | 590,064 | 787,481 | 709,770 | 817,400 | 1,363,973 | 987,469 | 876,365 | |||||
| Operating Profit | 976,389 | 891,404 | 732,135 | 299,460 | 260,511 | 276,529 | 316,198 | 119,872 | 85,516 | |||||
| Interest Payable | 17,245 | 21,896 | 10,334 | 4,651 | 7,332 | 49,552 | 8,190 | 23,750 | 32,284 | |||||
| Interest Receivable | 253 | 0 | 82 | 274 | 129 | 147 | 94 | 118 | 326 | |||||
| Pre-Tax Profit | 959,397 | 869,508 | 721,883 | 295,083 | 253,308 | 227,124 | 308,102 | 96,240 | -201,442 | |||||
| Tax | -86,372 | 0 | 43,354 | -64,912 | 0 | -21,000 | -58,761 | -11,265 | -15,621 | |||||
| Profit After Tax | 873,025 | 869,508 | 765,237 | 230,171 | 253,308 | 206,124 | 249,341 | 84,975 | -217,063 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000 | 20,000 | |||||
| Retained Profit | 873,025 | 869,508 | 765,237 | 230,171 | 253,308 | 206,124 | 249,341 | 64,975 | -237,063 | |||||
| Employee Costs | 624,555 | 360,017 | 387,593 | |||||||||||
| Number Of Employees | 54 | 50 | 50 | 63 | 44 | 43 | 44 | 43 | ||||||
| EBITDA* | 1,074,185 | 987,283 | 815,867 | 378,487 | 386,505 | 413,035 | 456,836 | 234,738 | 192,074 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 772,336 | 553,526 | 566,694 | 671,504 | 735,002 | 603,590 | 608,717 | 620,656 | 693,405 | 901,956 | 925,282 | 994,228 | 990,150 | 746,025 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 | 123,132 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 895,468 | 676,658 | 689,826 | 794,636 | 858,134 | 726,722 | 731,849 | 743,788 | 816,537 | 1,025,088 | 1,048,414 | 1,117,360 | 1,113,282 | 869,157 |
| Stock & work in progress | 1,858,437 | 1,614,661 | 1,124,776 | 884,360 | 1,069,099 | 603,785 | 556,231 | 321,608 | 208,596 | 290,266 | 257,968 | 271,252 | 225,934 | 143,965 |
| Trade Debtors | 1,734,254 | 2,958,420 | 1,141,765 | 1,022,233 | 2,545,026 | 1,788,061 | 704,632 | 726,574 | 1,121,460 | 872,127 | 743,682 | 1,021,162 | 960,608 | 961,441 |
| Group Debtors | 1,171,974 | 0 | 1,112,926 | 675,000 | 17,240 | 1,230,660 | 1,261,508 | 1,065,594 | 0 | 127,574 | 0 | 0 | 0 | 0 |
| Misc Debtors | 55,389 | 0 | 257,373 | 13,291 | 347,221 | 127,345 | 183,738 | 52,387 | 0 | 162,785 | 55,273 | 86,162 | 96,075 | 89,569 |
| Cash | 547,184 | 111,135 | 314,495 | 143,838 | 48,390 | 127,726 | 95,810 | 91,715 | 503,233 | 299,784 | 275,888 | 363,840 | 294,422 | 352,220 |
| misc current assets | 111,856 | 0 | 108,865 | 48,841 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,479,094 | 4,684,216 | 4,060,200 | 2,787,563 | 4,026,976 | 3,877,577 | 2,801,919 | 2,257,878 | 1,833,289 | 1,752,536 | 1,332,811 | 1,742,416 | 1,577,039 | 1,547,195 |
| total assets | 6,374,562 | 5,360,874 | 4,750,026 | 3,582,199 | 4,885,110 | 4,604,299 | 3,533,768 | 3,001,666 | 2,649,826 | 2,777,624 | 2,381,225 | 2,859,776 | 2,690,321 | 2,416,352 |
| Bank overdraft | 0 | 259,425 | 98,773 | 0 | 209,610 | 256,764 | 399,576 | 0 | 0 | 0 | 0 | 84,085 | 84,085 | 84,085 |
| Bank loan | 0 | 0 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 121,720 | 189,012 | 362,351 | 621,891 | 1,819,094 | 1,845,634 | 1,078,866 | 1,003,636 | 1,256,054 | 942,756 | 582,499 | 631,152 | 820,607 | 573,882 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 17,753 | 31,170 | 42,117 | 18,603 | 16,211 | 7,187 | 22,446 | 0 | 98,329 | 72,791 | 66,023 | 15,295 | 15,295 |
| other current liabilities | 641,053 | 253,545 | 143,803 | 102,464 | 258,818 | 365,548 | 107,056 | 68,094 | 0 | 153,892 | 365,305 | 846,947 | 676,167 | 674,953 |
| total current liabilities | 762,773 | 719,735 | 936,097 | 766,472 | 2,306,125 | 2,484,157 | 1,592,685 | 1,094,176 | 1,256,054 | 1,194,977 | 1,020,595 | 1,628,207 | 1,596,154 | 1,348,215 |
| loans | 245,455 | 245,455 | 270,000 | 0 | 0 | 0 | 0 | 0 | 0 | 12,500 | 110,195 | 229,229 | 347,157 | 384,145 |
| hp & lease commitments | 0 | 0 | 17,753 | 46,669 | 35,373 | 34,765 | 0 | 207,818 | 0 | 168,422 | 108,018 | 52,147 | 38,758 | 31,327 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,900 | 48,300 | 76,700 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,713 | 0 | 0 | 0 | 0 | 0 |
| provisions | 162,817 | 65,192 | 2,974 | 11,093 | 15,818 | 31,479 | 22,353 | 17,920 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 408,272 | 310,647 | 290,727 | 57,762 | 51,191 | 66,244 | 22,353 | 225,738 | 88,713 | 180,922 | 218,213 | 301,276 | 434,215 | 492,172 |
| total liabilities | 1,171,045 | 1,030,382 | 1,226,824 | 824,234 | 2,357,316 | 2,550,401 | 1,615,038 | 1,319,914 | 1,344,767 | 1,375,899 | 1,238,808 | 1,929,483 | 2,030,369 | 1,840,387 |
| net assets | 5,203,517 | 4,330,492 | 3,523,202 | 2,757,965 | 2,527,794 | 2,053,898 | 1,918,730 | 1,681,752 | 1,305,059 | 1,401,725 | 1,142,417 | 930,293 | 659,952 | 575,965 |
| total shareholders funds | 5,203,517 | 4,330,492 | 3,523,202 | 2,757,965 | 2,527,794 | 2,053,898 | 1,918,730 | 1,681,752 | 1,305,059 | 1,401,725 | 1,142,417 | 930,293 | 659,952 | 575,965 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 976,389 | 891,404 | 732,135 | 299,460 | 260,511 | 276,529 | 316,198 | 119,872 | 85,516 | |||||
| Depreciation | 97,796 | 95,879 | 83,732 | 79,027 | 71,086 | 68,735 | 28,486 | 43,293 | 108,570 | 125,994 | 136,506 | 140,638 | 114,866 | 106,558 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -86,372 | 0 | 43,354 | -64,912 | 0 | -21,000 | -58,761 | -11,265 | -15,621 | |||||
| Stock | 243,776 | 489,885 | 240,416 | -184,739 | 465,314 | 47,554 | 234,623 | 113,012 | -81,670 | 32,298 | -13,284 | 45,318 | 81,969 | 143,965 |
| Debtors | 3,197 | 446,356 | 801,540 | -1,198,963 | -236,579 | 996,188 | 305,323 | 723,095 | -41,026 | 363,531 | -308,369 | 50,641 | 5,673 | 1,051,010 |
| Creditors | -67,292 | -173,339 | -259,540 | -1,197,203 | -26,540 | 766,768 | 75,230 | -252,418 | 313,298 | 360,257 | -48,653 | -189,455 | 246,725 | 573,882 |
| Accruals and Deferred Income | 387,508 | 109,742 | 41,339 | -156,354 | -106,730 | 258,492 | 38,962 | 68,094 | -153,892 | -211,413 | -501,542 | 142,380 | -27,186 | 751,653 |
| Deferred Taxes & Provisions | 97,625 | 62,218 | -8,119 | -4,725 | -15,661 | 9,126 | 4,433 | 17,920 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,158,681 | 49,663 | -409,055 | 338,995 | 139,520 | 163,493 | 255,041 | 355,370 | 307,013 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123,132 |
| cash flow from investments | 0 | 0 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | -300,000 | 300,000 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -24,545 | 270,000 | 0 | 0 | 0 | 0 | 0 | -12,500 | -97,695 | -119,034 | -117,928 | -36,988 | 384,145 |
| Hire Purchase and Lease Commitments | -17,753 | -31,170 | -39,863 | 34,810 | 3,000 | 43,789 | -223,077 | 230,264 | -266,751 | 85,942 | 62,639 | 64,117 | 7,431 | 46,622 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -88,713 | 88,713 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -16,992 | -21,896 | -10,252 | -4,377 | -7,203 | -49,405 | -8,096 | -23,632 | -31,958 | |||||
| cash flow from financing | -34,745 | -439,829 | 519,885 | 30,433 | -12,956 | -99,800 | -40,907 | -34,177 | 1,211,837 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | 436,049 | -203,360 | 170,657 | 95,448 | -79,336 | 31,916 | 4,095 | -411,518 | 203,449 | 23,896 | -87,952 | 69,418 | -57,798 | 352,220 |
| overdraft | -259,425 | 160,652 | 98,773 | -209,610 | -47,154 | -142,812 | 399,576 | 0 | 0 | 0 | -84,085 | 0 | 0 | 84,085 |
| change in cash | 695,474 | -364,012 | 71,884 | 305,058 | -32,182 | 174,728 | -395,481 | -411,518 | 203,449 | 23,896 | -3,867 | 69,418 | -57,798 | 268,135 |
P&L
December 2022turnover
11.2m
-6%
operating profit
976.4k
+10%
gross margin
20.8%
+10.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.2m
+0.2%
total assets
6.4m
+0.19%
cash
547.2k
+3.92%
net assets
Total assets minus all liabilities
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glen foundry limited company details
company number
03754526
Type
Private limited with Share Capital
industry
24530 - Casting of light metals
incorporation date
April 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
glen foundry plc (January 2008)
incorporated
UK
address
first floor templeback, 10 temple back, bristol, BS1 6FL
last accounts submitted
December 2022
glen foundry 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 glen foundry limited. Currently there are 3 open charges and 9 have been satisfied in the past.
glen foundry limited Companies House Filings - See Documents
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