glass tech recycling ltd Company Information
Company Number
07479819
Next Accounts
2069 days late
Shareholders
gtrh 1 ltd
Group Structure
View All
Industry
Shaping and processing of flat glass
+1Registered Address
menzies llp, 5th floor, hodge house, cardiff, CF10 1DY
Website
glasstechnj.comglass tech recycling ltd Estimated Valuation
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
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
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
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2 Strong
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3 Regular
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7 Weak
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Size
annual sales of £1.7m, make it smaller than the average company (£8.9m)
- Glass Tech Recycling Ltd
£8.9m - Industry AVG
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Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.2%)
- Glass Tech Recycling Ltd
6.2% - Industry AVG
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Production
with a gross margin of 31.5%, this company has a comparable cost of product (31.5%)
- Glass Tech Recycling Ltd
31.5% - Industry AVG
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Profitability
an operating margin of -52.8% make it less profitable than the average company (6.8%)
- Glass Tech Recycling Ltd
6.8% - Industry AVG
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Employees
with 22 employees, this is below the industry average (88)
22 - Glass Tech Recycling Ltd
88 - Industry AVG
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Pay Structure
on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)
- Glass Tech Recycling Ltd
£31.1k - Industry AVG
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Efficiency
resulting in sales per employee of £75.7k, this is less efficient (£102.2k)
- Glass Tech Recycling Ltd
£102.2k - Industry AVG
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Debtor Days
it gets paid by customers after 43 days, this is near the average (52 days)
- Glass Tech Recycling Ltd
52 days - Industry AVG
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Creditor Days
its suppliers are paid after 76 days, this is slower than average (34 days)
- Glass Tech Recycling Ltd
34 days - Industry AVG
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Stock Days
it holds stock equivalent to 45 days, this is more than average (30 days)
- Glass Tech Recycling Ltd
30 days - Industry AVG
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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
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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
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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 House, Pomanda Estimates
Sep 2017 | Sep 2016 | May 2015 | May 2014 | May 2013 | May 2012 | |
---|---|---|---|---|---|---|
Turnover | ||||||
Other Income Or Grants | ||||||
Cost Of Sales | ||||||
Gross Profit | ||||||
Admin Expenses | ||||||
Operating Profit | ||||||
Interest Payable | ||||||
Interest Receivable | ||||||
Pre-Tax Profit | ||||||
Tax | ||||||
Profit After Tax | ||||||
Dividends Paid | ||||||
Retained Profit | ||||||
Employee Costs | ||||||
Number Of Employees | 22 | 21 | ||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2017 | Sep 2016 | May 2015 | May 2014 | May 2013 | May 2012 | |
---|---|---|---|---|---|---|
Tangible Assets | 1,019,237 | 1,175,696 | 369,269 | 373,620 | 280,036 | 297,434 |
Intangible Assets | ||||||
Investments & Other | ||||||
Debtors (Due After 1 year) | ||||||
Total Fixed Assets | 1,019,237 | 1,175,696 | 369,269 | 373,620 | 280,036 | 297,434 |
Stock & work in progress | 140,738 | 195,974 | 139,164 | 103,549 | 110,000 | 100,000 |
Trade Debtors | 196,576 | 103,700 | 109,278 | 135,592 | 178,452 | 110,962 |
Group Debtors | ||||||
Misc Debtors | 72,992 | 12,926 | ||||
Cash | 17,757 | 122,132 | 447,434 | 66,799 | 61,434 | 22,732 |
misc current assets | ||||||
total current assets | 428,063 | 434,732 | 695,876 | 305,940 | 349,886 | 233,694 |
total assets | 1,447,300 | 1,610,428 | 1,065,145 | 679,560 | 629,922 | 531,128 |
Bank overdraft | 99,291 | |||||
Bank loan | ||||||
Trade Creditors | 237,380 | 96,696 | 208,896 | 259,499 | 297,533 | 100,680 |
Group/Directors Accounts | ||||||
other short term finances | ||||||
hp & lease commitments | 75,875 | |||||
other current liabilities | 480,399 | 725,105 | 64,558 | |||
total current liabilities | 817,070 | 821,801 | 208,896 | 259,499 | 297,533 | 241,113 |
loans | 377,828 | 360,065 | ||||
hp & lease commitments | 76,325 | 63,728 | 129,710 | |||
Accruals and Deferred Income | ||||||
other liabilities | 441,596 | 593,415 | 510,021 | 116,239 | 197,413 | 213,907 |
provisions | 4,000 | 4,000 | 12,500 | 25,800 | ||
total long term liabilities | 895,749 | 1,021,208 | 514,021 | 128,739 | 223,213 | 343,617 |
total liabilities | 1,712,819 | 1,843,009 | 722,917 | 388,238 | 520,746 | 584,730 |
net assets | -265,519 | -232,581 | 342,228 | 291,322 | 109,176 | -53,602 |
total shareholders funds | -265,519 | -232,581 | 342,228 | 291,322 | 109,176 | -53,602 |
Sep 2017 | Sep 2016 | May 2015 | May 2014 | May 2013 | May 2012 | |
---|---|---|---|---|---|---|
Operating Activities | ||||||
Operating Profit | ||||||
Depreciation | 150,745 | 124,374 | 51,270 | 40,267 | 42,099 | 37,621 |
Amortisation | ||||||
Tax | ||||||
Stock | -55,236 | 56,810 | 35,615 | -6,451 | 10,000 | 100,000 |
Debtors | 152,942 | 7,348 | -26,314 | -42,860 | 67,490 | 110,962 |
Creditors | 140,684 | -112,200 | -50,603 | -38,034 | 196,853 | 100,680 |
Accruals and Deferred Income | -244,706 | 725,105 | -64,558 | 64,558 | ||
Deferred Taxes & Provisions | -4,000 | -8,500 | -13,300 | 25,800 | ||
Cash flow from operations | ||||||
Investing Activities | ||||||
capital expenditure | ||||||
Change in Investments | ||||||
cash flow from investments | ||||||
Financing Activities | ||||||
Bank loans | ||||||
Group/Directors Accounts | ||||||
Other Short Term Loans | ||||||
Long term loans | 17,763 | 360,065 | ||||
Hire Purchase and Lease Commitments | 12,597 | 63,728 | -205,585 | 205,585 | ||
other long term liabilities | -151,819 | 83,394 | 393,782 | -81,174 | -16,494 | 213,907 |
share issue | ||||||
interest | ||||||
cash flow from financing | ||||||
cash and cash equivalents | ||||||
cash | -104,375 | -325,302 | 380,635 | 5,365 | 38,702 | 22,732 |
overdraft | 99,291 | |||||
change in cash | -203,666 | -325,302 | 380,635 | 5,365 | 38,702 | 22,732 |
glass tech recycling ltd Credit Report and Business Information
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.
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Michael Shirley | 49 years | Dec 2014 | - | Director | |
Mr Mark Slade | 55 years | Feb 2015 | - | Director | |
Mr Arwel Morgan | 71 years | Feb 2015 | - | Director |
P&L
September 2017turnover
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 2017net 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
date | description | view/download |
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