glowbright limited Company Information
Company Number
08522929
Next Accounts
Feb 2025
Industry
Repair of other equipment
Directors
Shareholders
michael joseph hewitt
Group Structure
View All
Contact
Registered Address
45/49 greek street, stockport, cheshire, SK3 8AX
Website
www.glowbright.com.auglowbright limited Estimated Valuation
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
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
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
2 Strong
1 Regular
7 Weak
Size
annual sales of £30.2k, make it smaller than the average company (£3.1m)
- Glowbright Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.5%)
- Glowbright Limited
3.5% - Industry AVG
Production
with a gross margin of 22.6%, this company has a higher cost of product (33.5%)
- Glowbright Limited
33.5% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (7.2%)
- Glowbright Limited
7.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (19)
1 - Glowbright Limited
19 - Industry AVG
Pay Structure
on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)
- Glowbright Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £30.2k, this is less efficient (£134k)
- Glowbright Limited
£134k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (59 days)
- Glowbright Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (30 days)
- Glowbright Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Glowbright Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Glowbright Limited
- - Industry AVG
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
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 House, Pomanda Estimates
May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||
Other Income Or Grants | ||||||||||
Cost Of Sales | ||||||||||
Gross Profit | 16,815 | 15,200 | ||||||||
Admin Expenses | 17,009 | 15,555 | ||||||||
Operating Profit | -194 | -355 | ||||||||
Interest Payable | 0 | 0 | ||||||||
Interest Receivable | 5 | 4 | ||||||||
Pre-Tax Profit | -189 | -351 | ||||||||
Tax | 0 | 0 | ||||||||
Profit After Tax | -189 | -351 | ||||||||
Dividends Paid | 0 | 500 | ||||||||
Retained Profit | -189 | -851 | ||||||||
Employee Costs | ||||||||||
Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | ||||
EBITDA* | -194 | -355 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 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 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 398 | 197 | 87 | 2,971 | 3,935 | 3,846 | 3,800 | 4,274 | 4,274 | 4,750 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 1,083 | 40 | 528 | 4,392 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 398 | 197 | 87 | 2,971 | 3,935 | 3,846 | 4,883 | 4,314 | 4,802 | 9,142 |
total assets | 398 | 197 | 87 | 2,971 | 3,935 | 3,846 | 4,883 | 4,314 | 4,802 | 9,142 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 6,530 | 4,938 | 3,502 | 5,281 | 3,278 | 2,190 | 2,467 | 2,467 | 3,586 | 5,471 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 2,240 | 1,482 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 6,530 | 4,938 | 3,502 | 5,281 | 3,278 | 2,190 | 4,707 | 3,949 | 3,586 | 5,471 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 780 | 750 | 750 | 750 | 2,467 | 2,467 | 0 | 0 | 0 | 0 |
other liabilities | 3,020 | 3,802 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 3,800 | 4,552 | 4,750 | 750 | 2,467 | 2,467 | 0 | 0 | 0 | 0 |
total liabilities | 10,330 | 9,490 | 8,252 | 6,031 | 5,745 | 4,657 | 4,707 | 3,949 | 3,586 | 5,471 |
net assets | -9,932 | -9,293 | -8,165 | -3,060 | -1,810 | -811 | 176 | 365 | 1,216 | 3,671 |
total shareholders funds | -9,932 | -9,293 | -8,165 | -3,060 | -1,810 | -811 | 176 | 365 | 1,216 | 3,671 |
May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | -194 | -355 | ||||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | ||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 201 | 110 | -2,884 | -964 | 89 | 46 | -474 | 0 | -476 | 4,750 |
Creditors | 1,592 | 1,436 | -1,779 | 2,003 | 1,088 | -277 | 0 | -1,119 | -1,885 | 5,471 |
Accruals and Deferred Income | 30 | 0 | 0 | -1,717 | 0 | 2,467 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 280 | -1,474 | ||||||||
Investing Activities | ||||||||||
capital expenditure | ||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||
Financing Activities | ||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -2,240 | 758 | 1,482 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 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 |
other long term liabilities | -782 | -198 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||
interest | 5 | 4 | ||||||||
cash flow from financing | 763 | 1,486 | ||||||||
cash and cash equivalents | ||||||||||
cash | 0 | 0 | 0 | 0 | 0 | -1,083 | 1,043 | -488 | -3,864 | 4,392 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 | -1,083 | 1,043 | -488 | -3,864 | 4,392 |
glowbright limited Credit Report and Business Information
Glowbright Limited Competitor Analysis
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 directors
Glowbright Limited currently has 1 director, Mr Michael Hewitt serving since Jun 2013.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Michael Hewitt | England | 51 years | Jun 2013 | - | Director |
P&L
May 2023turnover
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 2023net 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
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
date | description | view/download |
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