glass tech recycling ltd

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glass tech recycling ltd Company Information

Share GLASS TECH RECYCLING LTD

Company Number

07479819

Directors

Michael Shirley

Mark Slade

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Shareholders

gtrh 1 ltd

Group Structure

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Industry

Shaping and processing of flat glass

 +1

Registered Address

menzies llp, 5th floor, hodge house, cardiff, CF10 1DY

glass tech recycling ltd Estimated Valuation

£911.9k

Pomanda estimates the enterprise value of GLASS TECH RECYCLING LTD at £911.9k based on a Turnover of £1.7m and 0.55x industry multiple (adjusted for size and gross margin).

glass tech recycling ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of GLASS TECH RECYCLING LTD at £0 based on an EBITDA of £-728.3k and a 2.98x industry multiple (adjusted for size and gross margin).

glass tech recycling ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of GLASS TECH RECYCLING LTD at £0 based on Net Assets of £-265.5k and 2.28x industry multiple (adjusted for liquidity).

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Glass Tech Recycling Ltd Overview

Glass Tech Recycling Ltd is a live company located in cardiff, CF10 1DY with a Companies House number of 07479819. It operates in the shaping and processing of flat glass sector, SIC Code 23120. Founded in December 2010, it's largest shareholder is gtrh 1 ltd with a 100% stake. Glass Tech Recycling Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.7m with healthy growth in recent years.

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Glass Tech Recycling Ltd Health Check

Pomanda's financial health check has awarded Glass Tech Recycling Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £1.7m, make it smaller than the average company (£8.9m)

£1.7m - Glass Tech Recycling Ltd

£8.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.2%)

13% - Glass Tech Recycling Ltd

6.2% - Industry AVG

production

Production

with a gross margin of 31.5%, this company has a comparable cost of product (31.5%)

31.5% - Glass Tech Recycling Ltd

31.5% - Industry AVG

profitability

Profitability

an operating margin of -52.8% make it less profitable than the average company (6.8%)

-52.8% - Glass Tech Recycling Ltd

6.8% - Industry AVG

employees

Employees

with 22 employees, this is below the industry average (88)

22 - Glass Tech Recycling Ltd

88 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)

£31.1k - Glass Tech Recycling Ltd

£31.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £75.7k, this is less efficient (£102.2k)

£75.7k - Glass Tech Recycling Ltd

£102.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 43 days, this is near the average (52 days)

43 days - Glass Tech Recycling Ltd

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 76 days, this is slower than average (34 days)

76 days - Glass Tech Recycling Ltd

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 45 days, this is more than average (30 days)

45 days - Glass Tech Recycling Ltd

30 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (11 weeks)

1 weeks - Glass Tech Recycling Ltd

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 118.4%, this is a higher level of debt than the average (47.1%)

118.4% - Glass Tech Recycling Ltd

47.1% - Industry AVG

GLASS TECH RECYCLING LTD financials

EXPORTms excel logo

Glass Tech Recycling Ltd's latest turnover from September 2017 is estimated at £1.7 million and the company has net assets of -£265.5 thousand. According to their latest financial statements, Glass Tech Recycling Ltd has 22 employees and maintains cash reserves of £17.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2017Sep 2016May 2015May 2014May 2013May 2012
Turnover1,664,6181,228,491998,6461,161,9401,444,419784,970
Other Income Or Grants
Cost Of Sales1,139,805808,244692,628818,5461,031,584551,034
Gross Profit524,814420,247306,018343,394412,835233,937
Admin Expenses1,403,815971,566227,484277,074201,645288,596
Operating Profit-879,001-551,31978,53466,320211,190-54,659
Interest Payable26,16211,252
Interest Receivable1757121,28632121057
Pre-Tax Profit-904,988-561,85979,82066,641211,400-54,602
Tax-15,964-13,995-48,622
Profit After Tax-904,988-561,85963,85652,646162,778-54,602
Dividends Paid
Retained Profit-904,988-561,85963,85652,646162,778-54,602
Employee Costs683,436639,436302,772352,418433,609264,734
Number Of Employees22211113169
EBITDA*-728,256-426,945129,804106,587253,289-17,038

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2017Sep 2016May 2015May 2014May 2013May 2012
Tangible Assets1,019,2371,175,696369,269373,620280,036297,434
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,019,2371,175,696369,269373,620280,036297,434
Stock & work in progress140,738195,974139,164103,549110,000100,000
Trade Debtors196,576103,700109,278135,592178,452110,962
Group Debtors
Misc Debtors72,99212,926
Cash17,757122,132447,43466,79961,43422,732
misc current assets
total current assets428,063434,732695,876305,940349,886233,694
total assets1,447,3001,610,4281,065,145679,560629,922531,128
Bank overdraft99,291
Bank loan
Trade Creditors 237,38096,696208,896259,499297,533100,680
Group/Directors Accounts
other short term finances
hp & lease commitments75,875
other current liabilities480,399725,10564,558
total current liabilities817,070821,801208,896259,499297,533241,113
loans377,828360,065
hp & lease commitments76,32563,728129,710
Accruals and Deferred Income
other liabilities441,596593,415510,021116,239197,413213,907
provisions4,0004,00012,50025,800
total long term liabilities895,7491,021,208514,021128,739223,213343,617
total liabilities1,712,8191,843,009722,917388,238520,746584,730
net assets-265,519-232,581342,228291,322109,176-53,602
total shareholders funds-265,519-232,581342,228291,322109,176-53,602
Sep 2017Sep 2016May 2015May 2014May 2013May 2012
Operating Activities
Operating Profit-879,001-551,31978,53466,320211,190-54,659
Depreciation150,745124,37451,27040,26742,09937,621
Amortisation
Tax-15,964-13,995-48,622
Stock-55,23656,81035,615-6,45110,000100,000
Debtors152,9427,348-26,314-42,86067,490110,962
Creditors140,684-112,200-50,603-38,034196,853100,680
Accruals and Deferred Income-244,706725,105-64,55864,558
Deferred Taxes & Provisions-4,000-8,500-13,30025,800
Cash flow from operations-933,984121,80245,43690,569285,272-62,762
Investing Activities
capital expenditure5,714-930,801-46,919-133,851-24,701-335,055
Change in Investments
cash flow from investments5,714-930,801-46,919-133,851-24,701-335,055
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans17,763360,065
Hire Purchase and Lease Commitments12,59763,728-205,585205,585
other long term liabilities-151,81983,394393,782-81,174-16,494213,907
share issue872,050-12,950-12,950129,5001,000
interest-25,987-10,5401,28632121057
cash flow from financing724,604483,697382,11848,647-221,869420,549
cash and cash equivalents
cash-104,375-325,302380,6355,36538,70222,732
overdraft99,291
change in cash-203,666-325,302380,6355,36538,70222,732

glass tech recycling ltd 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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Glass Tech Recycling Ltd Competitor Analysis

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Perform a competitor analysis for glass tech recycling ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in CF10 area or any other competitors across 12 key performance metrics.

glass tech recycling ltd Ownership

GLASS TECH RECYCLING LTD group structure

Glass Tech Recycling Ltd has no subsidiary companies.

Ultimate parent company

1 parent

GLASS TECH RECYCLING LTD

07479819

GLASS TECH RECYCLING LTD Shareholders

gtrh 1 ltd 100%

glass tech recycling ltd directors

Glass Tech Recycling Ltd currently has 3 directors. The longest serving directors include Mr Michael Shirley (Dec 2014) and Mr Mark Slade (Feb 2015).

officercountryagestartendrole
Mr Michael Shirley49 years Dec 2014- Director
Mr Mark Slade55 years Feb 2015- Director
Mr Arwel Morgan71 years Feb 2015- Director

P&L

September 2017

turnover

1.7m

+36%

operating profit

-879k

0%

gross margin

31.6%

-7.84%

turnover

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

Balance Sheet

September 2017

net assets

-265.5k

+0.14%

total assets

1.4m

-0.1%

cash

17.8k

-0.85%

net assets

Total assets minus all liabilities

glass tech recycling ltd company details

company number

07479819

Type

Private limited with Share Capital

industry

23120 - Shaping and processing of flat glass

23190 - Manufacture and processing of other glass, including technical glassware

incorporation date

December 2010

age

15

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

September 2017

previous names

N/A

accountant

-

auditor

-

address

menzies llp, 5th floor, hodge house, cardiff, CF10 1DY

Bank

-

Legal Advisor

-

glass tech recycling ltd 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 glass tech recycling ltd.

glass tech recycling ltd 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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glass tech recycling ltd Companies House Filings - See Documents

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