glowbright limited

glowbright limited Company Information

Share GLOWBRIGHT LIMITED
Live 
EstablishedMicroDeclining

Company Number

08522929

Industry

Repair of other equipment

 

Shareholders

michael joseph hewitt

Group Structure

View All

Contact

Registered Address

45/49 greek street, stockport, cheshire, SK3 8AX

glowbright limited Estimated Valuation

£16.2k

Pomanda estimates the enterprise value of GLOWBRIGHT LIMITED at £16.2k based on a Turnover of £30.2k and 0.54x industry multiple (adjusted for size and gross margin).

glowbright limited Estimated Valuation

£0

Pomanda estimates the enterprise value of GLOWBRIGHT LIMITED at £0 based on an EBITDA of £-639 and a 5.01x industry multiple (adjusted for size and gross margin).

glowbright limited Estimated Valuation

£0

Pomanda estimates the enterprise value of GLOWBRIGHT LIMITED at £0 based on Net Assets of £-9.9k and 3.86x industry multiple (adjusted for liquidity).

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Glowbright Limited Overview

Glowbright Limited is a live company located in cheshire, SK3 8AX with a Companies House number of 08522929. It operates in the repair of other equipment sector, SIC Code 33190. Founded in May 2013, it's largest shareholder is michael joseph hewitt with a 100% stake. Glowbright Limited is a established, micro sized company, Pomanda has estimated its turnover at £30.2k with declining growth in recent years.

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Glowbright Limited Health Check

Pomanda's financial health check has awarded Glowbright Limited a 1.5 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 Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £30.2k, make it smaller than the average company (£3.1m)

£30.2k - Glowbright Limited

£3.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.5%)

-3% - Glowbright Limited

3.5% - Industry AVG

production

Production

with a gross margin of 22.6%, this company has a higher cost of product (33.5%)

22.6% - Glowbright Limited

33.5% - Industry AVG

profitability

Profitability

an operating margin of -2.1% make it less profitable than the average company (7.2%)

-2.1% - Glowbright Limited

7.2% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (19)

1 - Glowbright Limited

19 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)

£43.5k - Glowbright Limited

£43.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £30.2k, this is less efficient (£134k)

£30.2k - Glowbright Limited

£134k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (59 days)

4 days - Glowbright Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 102 days, this is slower than average (30 days)

102 days - Glowbright Limited

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Glowbright Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Glowbright Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2595.5%, this is a higher level of debt than the average (56.5%)

2595.5% - Glowbright Limited

56.5% - Industry AVG

GLOWBRIGHT LIMITED financials

EXPORTms excel logo

Glowbright Limited's latest turnover from May 2023 is estimated at £30.2 thousand and the company has net assets of -£9.9 thousand. According to their latest financial statements, Glowbright Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014
Turnover30,16926,71923,29733,44314,99713,25530,99537,44815,16719,179
Other Income Or Grants0000000000
Cost Of Sales23,34620,65818,53225,86911,65110,09023,05428,32911,42513,829
Gross Profit6,8236,0614,7667,5743,3463,16416,81515,2003,7435,351
Admin Expenses7,4627,1899,8718,8244,3454,15217,00915,5556,210718
Operating Profit-639-1,128-5,105-1,250-999-988-194-355-2,4674,633
Interest Payable0000000000
Interest Receivable000003541211
Pre-Tax Profit-639-1,128-5,105-1,250-999-985-189-351-2,4554,644
Tax000000000-975
Profit After Tax-639-1,128-5,105-1,250-999-985-189-351-2,4553,669
Dividends Paid000000050000
Retained Profit-639-1,128-5,105-1,250-999-985-189-851-2,4553,669
Employee Costs43,51040,45039,03637,34939,07538,86235,94837,86238,65938,128
Number Of Employees1111111111
EBITDA*-639-1,128-5,105-1,250-999-988-194-355-2,4674,633

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014
Tangible Assets0000000000
Intangible Assets0000000000
Investments & Other0000000000
Debtors (Due After 1 year)0000000000
Total Fixed Assets0000000000
Stock & work in progress0000000000
Trade Debtors398197872,9713,9353,8463,8004,2744,2744,750
Group Debtors0000000000
Misc Debtors0000000000
Cash0000001,083405284,392
misc current assets0000000000
total current assets398197872,9713,9353,8464,8834,3144,8029,142
total assets398197872,9713,9353,8464,8834,3144,8029,142
Bank overdraft0000000000
Bank loan0000000000
Trade Creditors 6,5304,9383,5025,2813,2782,1902,4672,4673,5865,471
Group/Directors Accounts0000002,2401,48200
other short term finances0000000000
hp & lease commitments0000000000
other current liabilities0000000000
total current liabilities6,5304,9383,5025,2813,2782,1904,7073,9493,5865,471
loans0000000000
hp & lease commitments0000000000
Accruals and Deferred Income7807507507502,4672,4670000
other liabilities3,0203,8024,0000000000
provisions0000000000
total long term liabilities3,8004,5524,7507502,4672,4670000
total liabilities10,3309,4908,2526,0315,7454,6574,7073,9493,5865,471
net assets-9,932-9,293-8,165-3,060-1,810-8111763651,2163,671
total shareholders funds-9,932-9,293-8,165-3,060-1,810-8111763651,2163,671
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014
Operating Activities
Operating Profit-639-1,128-5,105-1,250-999-988-194-355-2,4674,633
Depreciation0000000000
Amortisation0000000000
Tax000000000-975
Stock0000000000
Debtors201110-2,884-9648946-4740-4764,750
Creditors1,5921,436-1,7792,0031,088-2770-1,119-1,8855,471
Accruals and Deferred Income3000-1,71702,4670000
Deferred Taxes & Provisions0000000000
Cash flow from operations782198-4,000001,156280-1,474-3,8764,379
Investing Activities
capital expenditure0000000000
Change in Investments0000000000
cash flow from investments0000000000
Financing Activities
Bank loans0000000000
Group/Directors Accounts00000-2,2407581,48200
Other Short Term Loans 0000000000
Long term loans0000000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities-782-1984,0000000000
share issue00000-20002
interest000003541211
cash flow from financing-782-1984,00000-2,2397631,4861213
cash and cash equivalents
cash00000-1,0831,043-488-3,8644,392
overdraft0000000000
change in cash00000-1,0831,043-488-3,8644,392

glowbright 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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Glowbright Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for glowbright limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in SK3 area or any other competitors across 12 key performance metrics.

glowbright limited Ownership

GLOWBRIGHT LIMITED group structure

Glowbright Limited has no subsidiary companies.

Ultimate parent company

GLOWBRIGHT LIMITED

08522929

GLOWBRIGHT LIMITED Shareholders

michael joseph hewitt 100%

glowbright limited directors

Glowbright Limited currently has 1 director, Mr Michael Hewitt serving since Jun 2013.

officercountryagestartendrole
Mr Michael HewittEngland51 years Jun 2013- Director

P&L

May 2023

turnover

30.2k

+13%

operating profit

-639

0%

gross margin

22.7%

-0.3%

turnover

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

Balance Sheet

May 2023

net assets

-9.9k

+0.07%

total assets

398

+1.02%

cash

0

0%

net assets

Total assets minus all liabilities

glowbright limited company details

company number

08522929

Type

Private limited with Share Capital

industry

33190 - Repair of other equipment

incorporation date

May 2013

age

11

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

May 2023

previous names

N/A

accountant

DOWNHAM MORRIS & CO

auditor

-

address

45/49 greek street, stockport, cheshire, SK3 8AX

Bank

-

Legal Advisor

-

glowbright 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 glowbright limited.

glowbright 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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glowbright limited Companies House Filings - See Documents

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