glide utilities limited
glide utilities limited Company Information
Company Number
06194523
Next Accounts
Oct 2025
Shareholders
glide 2 ltd
Group Structure
View All
Industry
Wireless telecommunications activities
+3Registered Address
alpha tower, suffolk street queensway, birmingham, B1 1TT
Website
http://glide.co.ukglide utilities limited Estimated Valuation
Pomanda estimates the enterprise value of GLIDE UTILITIES LIMITED at £1.1m based on a Turnover of £1.1m and 0.96x industry multiple (adjusted for size and gross margin).
glide utilities limited Estimated Valuation
Pomanda estimates the enterprise value of GLIDE UTILITIES LIMITED at £137.1k based on an EBITDA of £44.7k and a 3.07x industry multiple (adjusted for size and gross margin).
glide utilities limited Estimated Valuation
Pomanda estimates the enterprise value of GLIDE UTILITIES LIMITED at £2.5m based on Net Assets of £883k and 2.81x industry multiple (adjusted for liquidity).
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Glide Utilities Limited Overview
Glide Utilities Limited is a live company located in birmingham, B1 1TT with a Companies House number of 06194523. It operates in the trade of electricity sector, SIC Code 35140. Founded in March 2007, it's largest shareholder is glide 2 ltd with a 100% stake. Glide Utilities Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.
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Glide Utilities Limited Health Check
Pomanda's financial health check has awarded Glide Utilities Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
9 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£31.5m)
£1.1m - Glide Utilities Limited
£31.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -64%, show it is growing at a slower rate (13.6%)
-64% - Glide Utilities Limited
13.6% - Industry AVG
Production
with a gross margin of 18.7%, this company has a higher cost of product (28.4%)
18.7% - Glide Utilities Limited
28.4% - Industry AVG
Profitability
an operating margin of -18.4% make it less profitable than the average company (4.5%)
-18.4% - Glide Utilities Limited
4.5% - Industry AVG
Employees
with 16 employees, this is below the industry average (41)
16 - Glide Utilities Limited
41 - Industry AVG
Pay Structure
on an average salary of £35.7k, the company has a lower pay structure (£57.6k)
£35.7k - Glide Utilities Limited
£57.6k - Industry AVG
Efficiency
resulting in sales per employee of £70.3k, this is less efficient (£870.8k)
£70.3k - Glide Utilities Limited
£870.8k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is later than average (35 days)
52 days - Glide Utilities Limited
35 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (28 days)
68 days - Glide Utilities Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Glide Utilities Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (9 weeks)
4 weeks - Glide Utilities Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92%, this is a higher level of debt than the average (73.6%)
92% - Glide Utilities Limited
73.6% - Industry AVG
GLIDE UTILITIES LIMITED financials
Glide Utilities Limited's latest turnover from January 2024 is £1.1 million and the company has net assets of £883 thousand. According to their latest financial statements, Glide Utilities Limited has 16 employees and maintains cash reserves of £16 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Oct 2017 | Oct 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,124,000 | 12,360,000 | 22,021,000 | 25,040,000 | 26,178,000 | 24,969,000 | 5,749,000 | 18,811,799 | 14,094,779 | 15,872,530 | 16,524,911 | 9,951,296 | 6,393,984 | 4,076,187 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 914,000 | 8,796,000 | 15,030,000 | 17,445,000 | 17,241,000 | 17,339,000 | 3,913,000 | 13,178,367 | 10,295,280 | 11,759,444 | 12,686,725 | 7,494,092 | 4,839,227 | 3,270,421 | ||
| Gross Profit | 210,000 | 3,564,000 | 6,991,000 | 7,595,000 | 8,937,000 | 7,630,000 | 1,836,000 | 5,633,432 | 3,799,499 | 4,113,086 | 3,838,186 | 2,457,204 | 1,554,757 | 805,766 | ||
| Admin Expenses | 5,744,000 | 5,369,000 | 4,946,000 | 1,792,000 | 4,095,037 | 3,054,087 | 3,390,162 | 3,537,524 | 1,967,915 | 1,324,300 | 848,069 | |||||
| Operating Profit | 1,851,000 | 3,568,000 | 2,684,000 | 44,000 | 1,538,395 | 745,412 | 722,924 | 300,662 | 489,289 | 230,457 | -42,303 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 4,000 | 0 | 0 | 0 | 0 | 3,251 | 2,961 | 2,479 | 1,771 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 94,071 | 44,802 | 0 | 2,885 | 15,511 | 17,626 | 7,214 | ||
| Pre-Tax Profit | -743,000 | -7,333,000 | 2,168,000 | 1,851,000 | 3,568,000 | 2,680,000 | 44,000 | 1,632,466 | 790,214 | 722,924 | 300,296 | 501,839 | 245,604 | -36,860 | ||
| Tax | 0 | -54,000 | -2,235,000 | -2,013,000 | 19,000 | 19,000 | 52,000 | -53,145 | -73,330 | -115,743 | -12,282 | -53,625 | -43,664 | 16,678 | ||
| Profit After Tax | -743,000 | -7,387,000 | -67,000 | -162,000 | 3,587,000 | 2,699,000 | 96,000 | 1,579,321 | 716,884 | 607,181 | 288,014 | 448,214 | 201,940 | -20,182 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 85,000 | 160,000 | 200,000 | 0 | 0 | ||
| Retained Profit | -743,000 | -7,387,000 | -67,000 | -162,000 | 3,587,000 | 2,699,000 | 96,000 | 1,579,321 | 716,884 | 522,181 | 128,014 | 248,214 | 201,940 | -20,182 | ||
| Employee Costs | 571,000 | 2,146,000 | 2,472,000 | 2,252,000 | 2,481,000 | 2,352,000 | 503,000 | 1,748,810 | 1,221,885 | 1,297,171 | 1,356,833 | 789,323 | ||||
| Number Of Employees | 16 | 71 | 80 | 88 | 93 | 81 | 73 | 70 | 61 | 58 | 46 | 36 | ||||
| EBITDA* | 2,194,000 | 3,911,000 | 2,997,000 | 120,000 | 1,770,237 | 871,059 | 950,354 | 468,980 | 576,195 | 290,346 | 5,082 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Oct 2017 | Oct 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 48,000 | 131,000 | 211,000 | 165,000 | 169,000 | 179,000 | 197,424 | 177,535 | 161,800 | 154,484 | 191,981 | 116,424 | 56,251 | 66,974 | 54,398 |
| Intangible Assets | 0 | 0 | 923,000 | 375,000 | 308,000 | 221,000 | 225,000 | 206,232 | 119,580 | 36,439 | 126,996 | 0 | 0 | 0 | 2,690 | 4,459 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 9,771,000 | 9,480,000 | 9,523,000 | 5,474,000 | 3,430,000 | 3,431,083 | 3,337,175 | 0 | 0 | 0 | 102,296 | 92,996 | 0 | 0 |
| Total Fixed Assets | 0 | 48,000 | 10,825,000 | 10,066,000 | 9,996,000 | 5,864,000 | 3,834,000 | 3,834,739 | 3,634,290 | 198,239 | 281,480 | 191,981 | 218,720 | 149,247 | 69,664 | 58,857 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 163,000 | 2,846,000 | 5,445,000 | 4,997,000 | 5,318,000 | 4,069,000 | 2,454,000 | 2,786,463 | 2,558,860 | 2,491,430 | 2,346,084 | 2,011,668 | 1,585,465 | 965,899 | 862,289 | 646,842 |
| Group Debtors | 10,845,000 | 9,207,000 | 0 | 0 | 0 | 0 | 3,450,000 | 3,450,000 | 1,000,000 | 0 | 212,622 | 262,644 | 77,259 | 0 | 0 | 0 |
| Misc Debtors | 24,000 | 918,000 | 2,170,000 | 1,724,000 | 682,000 | 602,000 | 1,537,000 | 1,516,804 | 846,080 | 456,786 | 301,480 | 154,984 | 424,019 | 577,706 | 0 | 0 |
| Cash | 16,000 | 139,000 | 2,150,000 | 1,376,000 | 1,953,000 | 5,983,000 | 3,556,000 | 2,560,674 | 2,218,455 | 5,875,056 | 2,217,340 | 1,221,596 | 987,217 | 838,550 | 391,215 | 277,513 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,048,000 | 13,110,000 | 9,765,000 | 8,097,000 | 7,953,000 | 10,654,000 | 10,997,000 | 10,313,941 | 6,623,395 | 8,823,272 | 5,077,526 | 3,650,892 | 3,073,960 | 2,382,155 | 1,253,504 | 924,355 |
| total assets | 11,048,000 | 13,158,000 | 20,590,000 | 18,163,000 | 17,949,000 | 16,518,000 | 14,831,000 | 14,148,680 | 10,257,685 | 9,021,511 | 5,359,006 | 3,842,873 | 3,292,680 | 2,531,402 | 1,323,168 | 983,212 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 172,000 | 1,711,000 | 5,159,000 | 3,978,000 | 5,185,000 | 5,741,000 | 2,777,000 | 3,090,163 | 2,620,625 | 3,059,914 | 1,781,350 | 1,500,897 | 1,226,297 | 872,275 | 977,566 | 725,610 |
| Group/Directors Accounts | 0 | 7,305,000 | 0 | 0 | 0 | 0 | 300,000 | 303,227 | 201,769 | 286,251 | 330,833 | 403,757 | 384,407 | 449,233 | 0 | 0 |
| other short term finances | 0 | 0 | 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 | 10,742 | 12,522 | 32,098 | 51,571 | 22,802 | 12,972 | 12,212 | 2,369 |
| other current liabilities | 0 | 1,093,000 | 1,847,000 | 1,973,000 | 2,466,000 | 4,057,000 | 7,963,000 | 7,056,493 | 5,308,239 | 4,240,546 | 2,278,526 | 1,114,400 | 1,141,727 | 898,608 | 0 | 0 |
| total current liabilities | 172,000 | 10,109,000 | 7,006,000 | 5,951,000 | 7,651,000 | 9,798,000 | 11,040,000 | 10,449,883 | 8,141,375 | 7,599,233 | 4,422,807 | 3,070,625 | 2,775,233 | 2,233,088 | 989,778 | 727,979 |
| loans | 9,595,000 | 0 | 4,571,000 | 2,304,000 | 228,000 | 237,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,742 | 23,264 | 723 | 23,818 | 6,625 | 21,519 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 398,000 | 1,423,000 | 0 | 0 | 0 | 0 | 7,000 | 10,554 | 7,388 | 19,498 | 43,078 | 29,682 | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,993,000 | 1,423,000 | 4,571,000 | 2,304,000 | 228,000 | 237,000 | 7,000 | 10,554 | 7,388 | 30,240 | 66,342 | 30,405 | 23,818 | 6,625 | 21,519 | 0 |
| total liabilities | 10,165,000 | 11,532,000 | 11,577,000 | 8,255,000 | 7,879,000 | 10,035,000 | 11,047,000 | 10,460,437 | 8,148,763 | 7,629,473 | 4,489,149 | 3,101,030 | 2,799,051 | 2,239,713 | 1,011,297 | 727,979 |
| net assets | 883,000 | 1,626,000 | 9,013,000 | 9,908,000 | 10,070,000 | 6,483,000 | 3,784,000 | 3,688,243 | 2,108,922 | 1,392,038 | 869,857 | 741,843 | 493,629 | 291,689 | 311,871 | 255,233 |
| total shareholders funds | 883,000 | 1,626,000 | 9,013,000 | 9,908,000 | 10,070,000 | 6,483,000 | 3,784,000 | 3,688,243 | 2,108,922 | 1,392,038 | 869,857 | 741,843 | 493,629 | 291,689 | 311,871 | 255,233 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Oct 2017 | Oct 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | 1,851,000 | 3,568,000 | 2,684,000 | 44,000 | 1,538,395 | 745,412 | 722,924 | 300,662 | 489,289 | 230,457 | -42,303 | |||||
| Depreciation | 48,000 | 87,000 | 126,000 | 147,000 | 170,000 | 183,000 | 50,000 | 153,353 | 95,163 | 135,173 | 168,318 | 86,906 | 59,889 | 44,695 | 34,888 | 22,906 |
| Amortisation | 204,000 | 1,589,000 | 292,000 | 196,000 | 173,000 | 130,000 | 26,000 | 78,489 | 30,484 | 92,257 | 0 | 0 | 0 | 2,690 | 1,769 | 1,769 |
| Tax | 0 | -54,000 | -2,235,000 | -2,013,000 | 19,000 | 19,000 | 52,000 | -53,145 | -73,330 | -115,743 | -12,282 | -53,625 | -43,664 | 16,678 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,939,000 | -4,415,000 | 1,185,000 | 678,000 | 5,378,000 | -726,000 | -313,350 | 3,442,235 | 4,793,899 | 88,030 | 430,890 | 240,257 | 552,438 | 774,312 | 215,447 | 646,842 |
| Creditors | -1,539,000 | -3,448,000 | 1,181,000 | -1,207,000 | -556,000 | 2,964,000 | -313,163 | 469,538 | -439,289 | 1,278,564 | 280,453 | 274,600 | 354,022 | -105,291 | 251,956 | 725,610 |
| Accruals and Deferred Income | -1,093,000 | -754,000 | -126,000 | -493,000 | -1,591,000 | -3,906,000 | 906,507 | 1,748,254 | 1,067,693 | 1,962,020 | 1,164,126 | -27,327 | 243,119 | 898,608 | 0 | 0 |
| Deferred Taxes & Provisions | -1,025,000 | 1,423,000 | 0 | 0 | 0 | -7,000 | -3,554 | 3,166 | -12,110 | -23,580 | 13,396 | 29,682 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,197,000 | -3,595,000 | 2,793,000 | 1,075,140 | 495,815 | -3,379,876 | 3,963,585 | 1,483,783 | 559,268 | 291,385 | 40,765 | |||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -7,305,000 | 7,305,000 | 0 | 0 | 0 | -300,000 | -3,227 | 101,458 | -84,482 | -44,582 | -72,924 | 19,350 | -64,826 | 449,233 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 9,595,000 | -4,571,000 | 2,267,000 | 2,076,000 | -9,000 | 237,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,742 | -12,522 | -32,098 | 3,068 | 5,674 | 27,023 | -14,134 | 31,362 | 2,369 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -4,000 | 0 | 94,071 | 44,802 | 0 | -366 | 12,550 | 15,147 | 5,443 | ||
| cash flow from financing | 2,290,000 | 2,734,000 | 1,439,000 | 2,076,000 | -9,000 | -67,000 | -3,470 | 184,787 | -52,202 | -76,680 | -70,222 | 37,574 | -22,656 | 440,542 | ||
| cash and cash equivalents | ||||||||||||||||
| cash | -123,000 | -2,011,000 | 774,000 | -577,000 | -4,030,000 | 2,427,000 | 995,326 | 342,219 | -3,656,601 | 3,657,716 | 995,744 | 234,379 | 148,667 | 447,335 | 113,702 | 277,513 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -123,000 | -2,011,000 | 774,000 | -577,000 | -4,030,000 | 2,427,000 | 995,326 | 342,219 | -3,656,601 | 3,657,716 | 995,744 | 234,379 | 148,667 | 447,335 | 113,702 | 277,513 |
glide utilities limited Credit Report and Business Information
Glide Utilities Limited Competitor Analysis
Perform a competitor analysis for glide utilities limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in B 1 area or any other competitors across 12 key performance metrics.
glide utilities limited Ownership
GLIDE UTILITIES LIMITED group structure
Glide Utilities Limited has 1 subsidiary company.
Ultimate parent company
PROJECT HAWK TOPCO LTD
#0137408
2 parents
GLIDE UTILITIES LIMITED
06194523
1 subsidiary
glide utilities limited directors
Glide Utilities Limited currently has 2 directors. The longest serving directors include Mr Timothy Pilcher (May 2016) and Mrs Paula Benoit (Jul 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Pilcher | United Kingdom | 55 years | May 2016 | - | Director |
| Mrs Paula Benoit | United Kingdom | 54 years | Jul 2023 | - | Director |
P&L
January 2024turnover
1.1m
-91%
operating profit
-207.4k
0%
gross margin
18.7%
-35.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
883k
-0.46%
total assets
11m
-0.16%
cash
16k
-0.88%
net assets
Total assets minus all liabilities
glide utilities limited company details
company number
06194523
Type
Private limited with Share Capital
industry
61200 - Wireless telecommunications activities
35140 - Trade of electricity
61100 - Wired telecommunications activities
incorporation date
March 2007
age
18
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
-
address
alpha tower, suffolk street queensway, birmingham, B1 1TT
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
glide utilities 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 9 charges/mortgages relating to glide utilities limited. Currently there are 1 open charges and 8 have been satisfied in the past.
glide utilities 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.
Click to start generating capital raising & share issue transactions for GLIDE UTILITIES LIMITED. This can take several minutes, an email will notify you when this has completed.
glide utilities limited Companies House Filings - See Documents
| date | description | view/download |
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