abby glaze limited

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abby glaze limited Company Information

Share ABBY GLAZE LIMITED

Company Number

06454614

Shareholders

nicholas errington

matthew errington

Group Structure

View All

Industry

Painting

 

Registered Address

c/o keelings, broad house, the broadway, old hatfield, herts, AL9 5BG

abby glaze limited Estimated Valuation

£44k

Pomanda estimates the enterprise value of ABBY GLAZE LIMITED at £44k based on a Turnover of £98.8k and 0.45x industry multiple (adjusted for size and gross margin).

abby glaze limited Estimated Valuation

£248.7k

Pomanda estimates the enterprise value of ABBY GLAZE LIMITED at £248.7k based on an EBITDA of £60k and a 4.14x industry multiple (adjusted for size and gross margin).

abby glaze limited Estimated Valuation

£239.4k

Pomanda estimates the enterprise value of ABBY GLAZE LIMITED at £239.4k based on Net Assets of £92.4k and 2.59x industry multiple (adjusted for liquidity).

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Abby Glaze Limited Overview

Abby Glaze Limited is a live company located in old hatfield, AL9 5BG with a Companies House number of 06454614. It operates in the painting sector, SIC Code 43341. Founded in December 2007, it's largest shareholder is nicholas errington with a 50% stake. Abby Glaze Limited is a established, micro sized company, Pomanda has estimated its turnover at £98.8k with healthy growth in recent years.

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Abby Glaze Limited Health Check

Pomanda's financial health check has awarded Abby Glaze Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £98.8k, make it smaller than the average company (£139.8k)

£98.8k - Abby Glaze Limited

£139.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a slower rate (15.5%)

8% - Abby Glaze Limited

15.5% - Industry AVG

production

Production

with a gross margin of 35.7%, this company has a comparable cost of product (35.7%)

35.7% - Abby Glaze Limited

35.7% - Industry AVG

profitability

Profitability

an operating margin of 57.3% make it more profitable than the average company (7.5%)

57.3% - Abby Glaze Limited

7.5% - Industry AVG

employees

Employees

with 2 employees, this is similar to the industry average (2)

2 - Abby Glaze Limited

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)

£30.4k - Abby Glaze Limited

£30.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £49.4k, this is less efficient (£84.2k)

£49.4k - Abby Glaze Limited

£84.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is earlier than average (47 days)

20 days - Abby Glaze Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 53 days, this is slower than average (22 days)

53 days - Abby Glaze Limited

22 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 17 days, this is more than average (3 days)

17 days - Abby Glaze Limited

3 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 125 weeks, this is more cash available to meet short term requirements (26 weeks)

125 weeks - Abby Glaze Limited

26 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 28.8%, this is a lower level of debt than the average (61.9%)

28.8% - Abby Glaze Limited

61.9% - Industry AVG

ABBY GLAZE LIMITED financials

EXPORTms excel logo

Abby Glaze Limited's latest turnover from March 2024 is estimated at £98.8 thousand and the company has net assets of £92.4 thousand. According to their latest financial statements, Abby Glaze Limited has 2 employees and maintains cash reserves of £85.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover98,756109,38550,33877,57737,77585,2325,7185,76512,57637,53841,16649,81172,604102,790182,505
Other Income Or Grants000000000000000
Cost Of Sales63,52572,85833,16052,26227,38761,6223,7223,5708,34426,19229,15834,18251,84868,984120,051
Gross Profit35,23136,52817,17825,31510,38823,6101,9952,1954,23111,34612,00915,62920,75533,80662,454
Admin Expenses-21,334-6,879-1,93730,36610,74221,2991,9952,1964,40812,16612,18315,43223,47032,02559,738
Operating Profit56,56543,40719,115-5,051-3542,3110-1-177-820-174197-2,7151,7812,716
Interest Payable000000000000000
Interest Receivable3,038947958350136912163123
Pre-Tax Profit59,60344,35319,210-5,043-3512,31600-174-814-165209-2,6991,8132,739
Tax-14,901-8,427-3,65000-44000000-500-507-767
Profit After Tax44,70235,92615,560-5,043-3511,87600-174-814-165159-2,6991,3051,972
Dividends Paid000000000000000
Retained Profit44,70235,92615,560-5,043-3511,87600-174-814-165159-2,6991,3051,972
Employee Costs60,74054,69257,08927,12831,04534,73734,64332,64331,65830,86430,68329,43328,34854,29181,437
Number Of Employees222111111111123
EBITDA*60,03748,06920,779-4,944-2113,0870-1271-221624739-1,9922,7413,746

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets10,70413,88518,5473204275701,3461,3461,3461,7942,3931,6272,1692,8923,089
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets10,70413,88518,5473204275701,3461,3461,3461,7942,3931,6272,1692,8923,089
Stock & work in progress3,0003,000500000000000000
Trade Debtors5,5608,02371502,5370111,5212,6622,7084,0085,7299,19611,023
Group Debtors000000000000000
Misc Debtors25,29222,6258,4511,32213,096002,818000000
Cash85,21230,52614,01811,2615,3931,444005296841,8571,6973,1313,3689,178
misc current assets000000000000000
total current assets119,06464,17423,68412,5837,9314,540114,8683,3464,5655,7058,86012,56420,201
total assets129,76878,05942,23112,9038,3585,1101,3471,3476,2145,1406,9587,33211,02915,45623,290
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 9,286000001,6631,6631,3045,2826,2866,49510,35112,07921,218
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities26,09427,76926,98116,7377,1493,550005,226000000
total current liabilities35,38027,76926,98116,7377,1493,5501,6631,6636,5305,2826,2866,49510,35112,07921,218
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions2,0342,6383,524000000000000
total long term liabilities2,0342,6383,524000000000000
total liabilities37,41430,40730,50516,7377,1493,5501,6631,6636,5305,2826,2866,49510,35112,07921,218
net assets92,35447,65211,726-3,8341,2091,560-316-316-316-1426728376783,3772,072
total shareholders funds92,35447,65211,726-3,8341,2091,560-316-316-316-1426728376783,3772,072
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit56,56543,40719,115-5,051-3542,3110-1-177-820-174197-2,7151,7812,716
Depreciation3,4724,6621,664107143776004485997985427239601,030
Amortisation000000000000000
Tax-14,901-8,427-3,65000-44000000-500-507-767
Stock02,500500000000000000
Debtors20421,4827,844-1,216-5583,0950-4,3381,677-46-1,300-1,721-3,467-1,82711,023
Creditors9,2860000-1,6630359-3,978-1,004-209-3,856-1,728-9,13921,218
Accruals and Deferred Income-1,67578810,2449,5883,5993,5500-5,2265,226000000
Deferred Taxes & Provisions-604-8863,524000000000000
Cash flow from operations51,93915,56222,5535,8603,9461,4390-530-158-1,1791,715-1,446-253-5,07813,174
Investing Activities
capital expenditure-2910-19,8910000000-1,56400-763-4,119
Change in Investments000000000000000
cash flow from investments-2910-19,8910000000-1,56400-763-4,119
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000000000100
interest3,038947958350136912163123
cash flow from financing3,0389479583501369121631123
cash and cash equivalents
cash54,68616,5082,7575,8683,9491,4440-529-155-1,173160-1,434-237-5,8109,178
overdraft000000000000000
change in cash54,68616,5082,7575,8683,9491,4440-529-155-1,173160-1,434-237-5,8109,178

abby glaze 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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Abby Glaze Limited Competitor Analysis

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Perform a competitor analysis for abby glaze limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in AL9 area or any other competitors across 12 key performance metrics.

abby glaze limited Ownership

ABBY GLAZE LIMITED group structure

Abby Glaze Limited has no subsidiary companies.

Ultimate parent company

ABBY GLAZE LIMITED

06454614

ABBY GLAZE LIMITED Shareholders

nicholas errington 50%
matthew errington 50%

abby glaze limited directors

Abby Glaze Limited currently has 2 directors. The longest serving directors include Mr Nicholas Errington (Dec 2007) and Mr Matthew Errington (Nov 2021).

officercountryagestartendrole
Mr Nicholas Errington55 years Dec 2007- Director
Mr Matthew Errington24 years Nov 2021- Director

P&L

March 2024

turnover

98.8k

-10%

operating profit

56.6k

0%

gross margin

35.7%

+6.83%

turnover

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

Balance Sheet

March 2024

net assets

92.4k

+0.94%

total assets

129.8k

+0.66%

cash

85.2k

+1.79%

net assets

Total assets minus all liabilities

abby glaze limited company details

company number

06454614

Type

Private limited with Share Capital

industry

43341 - Painting

incorporation date

December 2007

age

18

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

nme property services limited (March 2018)

accountant

-

auditor

-

address

c/o keelings, broad house, the broadway, old hatfield, herts, AL9 5BG

Bank

-

Legal Advisor

-

abby glaze 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 did not find charges/mortgages relating to abby glaze limited.

abby glaze 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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abby glaze limited Companies House Filings - See Documents

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