Glasstec Systems Limited

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glasstec systems limited Company Information

Company Number

07318737

Next Accounts

Apr 2025

Directors

Lauren Cass

Laurence Cass

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Shareholders

lauren cass

Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

15a station road, epping, essex, CM16 4HG

Website

glasstecsystems.com

glasstec systems limited Estimated Valuation

£695.1k

Pomanda estimates the enterprise value of GLASSTEC SYSTEMS LIMITED at £695.1k based on an EBITDA of £177.3k and a 3.92x industry multiple (adjusted for size and gross margin).

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Glasstec Systems Limited is a live company located in essex, CM16 4HG with a Companies House number of 07318737. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in July 2010, it's largest shareholder is lauren cass with a 100% stake. Glasstec Systems Limited is a established, small sized company, Pomanda has estimated its turnover at £912k with low growth in recent years.

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Pomanda's financial health check has awarded Glasstec Systems Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £912k, make it smaller than the average company (£13m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (4.6%)

EXPORT

Glasstec Systems Limited's latest turnover from July 2023 is estimated at £912 thousand and the company has net assets of £117.8 thousand. According to their latest financial statements, Glasstec Systems Limited has 5 employees and maintains cash reserves of £304.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Turnover	912,028	698,065	695,894	894,819	1,026,461	1,043,980	493,899	978,563	659,630	520,873	568,456	359,807	228,805
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	725,993	558,641	563,164	715,077	817,501	825,982	383,347	753,678	511,949	404,917	441,167	279,122	176,530
Gross Profit	186,034	139,424	132,730	179,742	208,960	217,998	110,551	224,885	147,681	115,956	127,289	80,685	52,274
Admin Expenses	42,332	167,965	127,022	171,967	296,132	225,322	94,421	116,852	132,502	130,459	115,060	78,550	47,975
Operating Profit	143,702	-28,541	5,708	7,775	-87,172	-7,324	16,130	108,033	15,179	-14,503	12,229	2,135	4,299
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	10,572	930	64	69	468	528	302	307	113	119	56	64	36
Pre-Tax Profit	154,275	-27,611	5,772	7,844	-86,704	-6,796	16,432	108,340	15,291	-14,384	12,284	2,199	4,335
Tax	-38,569	0	-1,097	-1,490	0	0	-3,122	-21,668	-3,058	0	-2,825	-528	-1,127
Profit After Tax	115,706	-27,611	4,675	6,354	-86,704	-6,796	13,310	86,672	12,233	-14,384	9,459	1,671	3,208
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	115,706	-27,611	4,675	6,354	-86,704	-6,796	13,310	86,672	12,233	-14,384	9,459	1,671	3,208
Employee Costs	202,774	272,862	259,538	478,398	541,794	354,940	34,187	166,302	97,227	95,378	93,273	62,984	61,106
Number Of Employees	5	7	7	13	15	10	1	5	3	3	3	2	2
EBITDA*	177,265	890	40,157	42,093	-52,712	26,762	34,516	135,287	37,606	1,079	30,083	5,450	7,283

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Tangible Assets	62,111	56,601	50,815	34,966	68,916	85,562	32,499	29,011	35,533	31,094	46,082	6,095	8,219
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	62,111	56,601	50,815	34,966	68,916	85,562	32,499	29,011	35,533	31,094	46,082	6,095	8,219
Stock & work in progress	41,040	61,338	96,450	114,820	48,770	55,510	86,542	83,376	20,937	14,770	870	765	0
Trade Debtors	224,576	156,161	180,898	145,281	236,396	306,017	157,657	251,067	197,370	141,560	166,689	106,271	48,689
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	304,314	118,583	30,255	96,903	41,074	83,701	127,594	114,056	8,618	36,380	11,242	10,981	14,505
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	569,930	336,082	307,603	357,004	326,240	445,228	371,793	448,499	226,925	192,710	178,801	118,017	63,194
total assets	632,041	392,683	358,418	391,970	395,156	530,790	404,292	477,510	262,458	223,804	224,883	124,112	71,413
Bank overdraft	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
Trade Creditors	455,115	292,274	237,366	314,877	301,007	356,643	241,949	347,290	207,586	200,617	177,920	119,232	68,204
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	455,115	292,274	237,366	314,877	301,007	356,643	241,949	347,290	207,586	200,617	177,920	119,232	68,204
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	59,132	98,321	91,353	52,069	75,479	68,773	50,173	31,360	42,684	23,232	32,624	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	59,132	98,321	91,353	52,069	75,479	68,773	50,173	31,360	42,684	23,232	32,624	0	0
total liabilities	514,247	390,595	328,719	366,946	376,486	425,416	292,122	378,650	250,270	223,849	210,544	119,232	68,204
net assets	117,794	2,088	29,699	25,024	18,670	105,374	112,170	98,860	12,188	-45	14,339	4,880	3,209
total shareholders funds	117,794	2,088	29,699	25,024	18,670	105,374	112,170	98,860	12,188	-45	14,339	4,880	3,209

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Operating Activities
Operating Profit	143,702	-28,541	5,708	7,775	-87,172	-7,324	16,130	108,033	15,179	-14,503	12,229	2,135	4,299
Depreciation	33,563	29,431	34,449	34,318	34,460	34,086	18,386	27,254	22,427	15,582	17,854	3,315	2,984
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-38,569	0	-1,097	-1,490	0	0	-3,122	-21,668	-3,058	0	-2,825	-528	-1,127
Stock	-20,298	-35,112	-18,370	66,050	-6,740	-31,032	3,166	62,439	6,167	13,900	105	765	0
Debtors	68,415	-24,737	35,617	-91,115	-69,621	148,360	-93,410	53,697	55,810	-25,129	60,418	57,582	48,689
Creditors	162,841	54,908	-77,511	13,870	-55,636	114,694	-105,341	139,704	6,969	22,697	58,688	51,028	68,204
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	253,420	115,647	-55,698	79,538	-31,987	24,128	16,297	137,187	-20,460	35,005	25,423	-2,397	25,671
Investing Activities
capital expenditure	-39,073	-35,217	-50,298	-368	-17,814	-87,149	-21,874	-20,732	-26,866	-594	-57,841	-1,191	-11,203
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-39,073	-35,217	-50,298	-368	-17,814	-87,149	-21,874	-20,732	-26,866	-594	-57,841	-1,191	-11,203
Financing Activities
Bank loans	0	0	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	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
other long term liabilities	-39,189	6,968	39,284	-23,410	6,706	18,600	18,813	-11,324	19,452	-9,392	32,624	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	10,572	930	64	69	468	528	302	307	113	119	56	64	36
cash flow from financing	-28,617	7,898	39,348	-23,341	7,174	19,128	19,115	-11,017	19,565	-9,273	32,680	64	37
cash and cash equivalents
cash	185,731	88,328	-66,648	55,829	-42,627	-43,893	13,538	105,438	-27,762	25,138	261	-3,524	14,505
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	185,731	88,328	-66,648	55,829	-42,627	-43,893	13,538	105,438	-27,762	25,138	261	-3,524	14,505

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLASSTEC SYSTEMS LIMITED group structure

Glasstec Systems Limited has no subsidiary companies.

Ultimate parent company

GLASSTEC SYSTEMS LIMITED

07318737

GLASSTEC SYSTEMS LIMITED Shareholders

lauren cass

100%

Glasstec Systems Limited currently has 3 directors. The longest serving directors include Miss Lauren Cass (Jul 2010) and Mr Laurence Cass (Oct 2018).

officer	country	age	start	end	role
Miss Lauren Cass		43 years	Jul 2010	-	Director
Mr Laurence Cass	England	66 years	Oct 2018	-	Director
Mrs Rhea Cass	England	36 years	Oct 2018	-	Director

P&L

July 2023

turnover

912k

+31%

operating profit

143.7k

gross margin

20.4%

+2.13%

turnover

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

Balance Sheet

July 2023

net assets

117.8k

+55.41%

total assets

632k

+0.61%

cash

304.3k

+1.57%

net assets

Total assets minus all liabilities

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company number

07318737

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

July 2010

ultimate parent company

None

previous names

N/A

address

15a station road, epping, essex, CM16 4HG

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glasstec systems limited Company Information

glasstec systems limited Estimated Valuation

glasstec systems limited Estimated Valuation

glasstec systems limited Estimated Valuation

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GLASSTEC SYSTEMS LIMITED financials

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