My Glass Projects Ltd

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my glass projects ltd Company Information

Live

EstablishedSmallHigh

Company Number

09270484

Website

www.myglassprojects.com

Registered Address

unit c9 eldon way, london, NW10 7QY

Industry

Other manufacturing n.e.c.

Telephone

02088431663

Next Accounts Due

58 days late

Group Structure

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Directors

Sunil Sharda8 Years

Shareholders

sunil sharda 60%

john james 40%

my glass projects ltd Estimated Valuation

£1m

Pomanda estimates the enterprise value of MY GLASS PROJECTS LTD at £1m based on a Turnover of £2m and 0.51x industry multiple (adjusted for size and gross margin).

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My Glass Projects Ltd is a live company located in london, NW10 7QY with a Companies House number of 09270484. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 2014, it's largest shareholder is sunil sharda with a 60% stake. My Glass Projects Ltd is a established, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.

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Pomanda's financial health check has awarded My Glass Projects Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £2m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (2.1%)

EXPORT

My Glass Projects Ltd's latest turnover from October 2022 is estimated at £2 million and the company has net assets of £347.3 thousand. According to their latest financial statements, My Glass Projects Ltd has 20 employees and maintains cash reserves of £77.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015
Turnover	2,022,427	2,092,964	1,427,011	1,216,573	1,071,444	1,182,108	295,611	424,569
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	1,623,541	1,691,213	1,145,960	969,065	847,801	918,634	227,600	330,140
Gross Profit	398,886	401,750	281,051	247,508	223,643	263,474	68,011	94,430
Admin Expenses	378,803	379,554	316,616	202,591	281,016	142,975	150,044	-33,197
Operating Profit	20,083	22,196	-35,565	44,917	-57,373	120,499	-82,033	127,627
Interest Payable	0	0	0	0	0	0	0	0
Interest Receivable	1,809	48	20	199	148	23	23	32
Pre-Tax Profit	21,891	22,244	-35,545	45,116	-57,225	120,522	-82,010	127,659
Tax	-4,159	-4,226	0	-8,572	0	-22,899	0	-25,532
Profit After Tax	17,732	18,018	-35,545	36,544	-57,225	97,623	-82,010	102,127
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	17,732	18,018	-35,545	36,544	-57,225	97,623	-82,010	102,127
Employee Costs	778,413	745,057	732,048	719,372	710,707	685,275	166,623	65,455
Number Of Employees	20	20	20	20	20	20	5	2
EBITDA*	35,499	37,612	12,866	90,503	-10,333	152,489	-76,024	127,627

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015
Tangible Assets	399,678	410,822	229,247	277,678	299,701	258,563	268,305	198,650
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0
Total Fixed Assets	399,678	410,822	229,247	277,678	299,701	258,563	268,305	198,650
Stock & work in progress	554,500	413,900	378,500	301,174	246,120	135,482	115,000	0
Trade Debtors	367,823	500,249	119,233	211,102	183,703	345,724	46,917	88,847
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	0	0	311,131	91,882	84,795	106,276	107,967	88,896
Cash	77,782	82,997	12,977	26,308	26,692	12,667	6,119	12,600
misc current assets	0	0	0	0	0	0	0	1
total current assets	1,000,105	997,146	821,841	630,466	541,310	600,149	276,003	190,344
total assets	1,399,783	1,407,968	1,051,088	908,144	841,011	858,712	544,308	388,994
Bank overdraft	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	821,131	781,204	616,342	294,034	231,513	161,924	61,974	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	4,358	8,319	0	0	0
other current liabilities	0	0	0	106,054	440,589	165,409	83,578	45,846
total current liabilities	821,131	781,204	616,342	404,446	680,421	327,333	145,552	45,846
loans	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0
other liabilities	231,313	297,157	123,157	156,564	0	313,564	278,564	241,021
provisions	0	0	0	0	0	0	0	0
total long term liabilities	231,313	297,157	123,157	156,564	0	313,564	278,564	241,021
total liabilities	1,052,444	1,078,361	739,499	561,010	680,421	640,897	424,116	286,867
net assets	347,339	329,607	311,589	347,134	160,590	217,815	120,192	102,127
total shareholders funds	347,339	329,607	311,589	347,134	160,590	217,815	120,192	102,127

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015
Operating Activities
Operating Profit	20,083	22,196	-35,565	44,917	-57,373	120,499	-82,033	127,627
Depreciation	15,416	15,416	48,431	45,586	47,040	31,990	6,009	0
Amortisation	0	0	0	0	0	0	0	0
Tax	-4,159	-4,226	0	-8,572	0	-22,899	0	-25,532
Stock	140,600	35,400	77,326	55,054	110,638	20,482	115,000	0
Debtors	-132,426	69,885	127,380	34,486	-183,502	297,116	-22,859	177,743
Creditors	39,927	164,862	322,308	62,521	69,589	99,950	61,974	0
Accruals and Deferred Income	0	0	-106,054	-334,535	275,180	81,831	37,732	45,846
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0
Cash flow from operations	63,093	92,963	24,414	-279,623	407,300	-6,227	-68,459	-29,802
Investing Activities
capital expenditure	-4,272	-196,991	0	-23,563	-88,178	-22,248	-75,664	-198,650
Change in Investments	0	0	0	0	0	0	0	0
cash flow from investments	-4,272	-196,991	0	-23,563	-88,178	-22,248	-75,664	-198,650
Financing Activities
Bank loans	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-4,358	-3,961	8,319	0	0	0
other long term liabilities	-65,844	174,000	-33,407	156,564	-313,564	35,000	37,543	241,021
share issue	0	0	0	150,000	0	0	100,075	0
interest	1,809	48	20	199	148	23	23	32
cash flow from financing	-64,035	174,048	-37,745	302,802	-305,097	35,023	137,641	241,053
cash and cash equivalents
cash	-5,215	70,020	-13,331	-384	14,025	6,548	-6,481	12,600
overdraft	0	0	0	0	0	0	0	0
change in cash	-5,215	70,020	-13,331	-384	14,025	6,548	-6,481	12,600

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for my glass projects ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NW10 area or any other competitors across 12 key performance metrics.

MY GLASS PROJECTS LTD group structure

My Glass Projects Ltd has no subsidiary companies.

Ultimate parent company

MY GLASS PROJECTS LTD

09270484

MY GLASS PROJECTS LTD Shareholders

sunil sharda	60%
john james	40%

My Glass Projects Ltd currently has 1 director, Mr Sunil Sharda serving since May 2016.

officer	country	age	start	end	role
Mr Sunil Sharda	United Kingdom	48 years	May 2016	-	Director

P&L

October 2022

turnover

-3%

operating profit

20.1k

gross margin

19.8%

+2.75%

turnover

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

Balance Sheet

October 2022

net assets

347.3k

+0.05%

total assets

1.4m

-0.01%

cash

77.8k

-0.06%

net assets

Total assets minus all liabilities

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company number

09270484

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

October 2014

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

October 2022

address

unit c9 eldon way, london, NW10 7QY

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 my glass projects ltd.

my glass projects ltd Company Information

my glass projects ltd Estimated Valuation

my glass projects ltd Estimated Valuation

my glass projects ltd Estimated Valuation

My Glass Projects Ltd Overview

My Glass Projects Ltd Health Check

MY GLASS PROJECTS LTD financials

my glass projects ltd Credit Report and Business Information

My Glass Projects Ltd Competitor Analysis

my glass projects ltd Ownership

my glass projects ltd directors

my glass projects ltd company details

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my glass projects ltd Companies House Filings - See Documents