Glenco Limited

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glenco limited Company Information

Live

YoungMidHigh

Company Number

10024035

Website

Registered Address

3 culvercliff walk, manchester, M3 4FL

Industry

Other accommodation

Telephone

02071933140

Next Accounts Due

September 2024

Group Structure

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Directors

Rita Patel8 Years

Navin Patel8 Years

View All

Shareholders

rita patel 52%

navin kumar patel 48%

glenco limited Estimated Valuation

£10.9m

Pomanda estimates the enterprise value of GLENCO LIMITED at £10.9m based on a Turnover of £12.8m and 0.85x industry multiple (adjusted for size and gross margin).

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Glenco Limited is a live company located in manchester, M3 4FL with a Companies House number of 10024035. It operates in the other accommodation sector, SIC Code 55900. Founded in February 2016, it's largest shareholder is rita patel with a 52% stake. Glenco Limited is a young, mid sized company, Pomanda has estimated its turnover at £12.8m with high growth in recent years.

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Pomanda's financial health check has awarded Glenco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

1 Regular

5 Weak

Size

annual sales of £12.8m, make it larger than the average company (£834.4k)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (3.4%)

EXPORT

Glenco Limited's latest turnover from December 2022 is estimated at £12.8 million and the company has net assets of £5.9 million. According to their latest financial statements, Glenco Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Turnover	12,849,908	14,788,952	9,367,103	6,957,991	12,555,109	63,652	60,820
Other Income Or Grants	0	0	0	0	0	0	0
Cost Of Sales	10,850,394	13,127,002	8,361,270	6,258,168	11,136,453	51,936	45,782
Gross Profit	1,999,514	1,661,951	1,005,834	699,823	1,418,656	11,716	15,039
Admin Expenses	1,584,076	1,188,681	1,502,838	508,792	-4,246,285	-908,875	-228,141
Operating Profit	415,438	473,270	-497,004	191,031	5,664,941	920,591	243,180
Interest Payable	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	10,916	7,554	139
Pre-Tax Profit	415,438	473,270	-497,004	191,031	5,675,857	928,146	243,319
Tax	-78,933	-89,921	0	-36,296	-1,078,413	-176,348	-48,664
Profit After Tax	336,505	383,349	-497,004	154,735	4,597,444	751,798	194,655
Dividends Paid	0	0	0	0	0	0	0
Retained Profit	336,505	383,349	-497,004	154,735	4,597,444	751,798	194,655
Employee Costs	68,656	67,202	66,877	45,175	42,524	41,401	41,988
Number Of Employees	3	3	3	2	2	2	2
EBITDA*	415,438	473,270	-497,004	191,031	5,664,941	921,164	243,180

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Tangible Assets	8,114,177	7,335,094	8,217,842	9,215,978	7,246,826	1,721	0
Intangible Assets	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	6,946,910	8,344,861
Debtors (Due After 1 year)	0	0	0	0	0	0	0
Total Fixed Assets	8,114,177	7,335,094	8,217,842	9,215,978	7,246,826	6,948,631	8,344,861
Stock & work in progress	0	0	0	0	0	0	0
Trade Debtors	2,548,345	2,845,269	1,299,086	577,590	2,178,928	0	0
Group Debtors	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	280,000
Cash	0	0	0	0	0	2,910,870	110,865
misc current assets	0	0	0	0	0	0	0
total current assets	2,548,345	2,845,269	1,299,086	577,590	2,178,928	2,910,870	390,865
total assets	10,662,522	10,180,363	9,516,928	9,793,568	9,425,754	9,859,501	8,735,726
Bank overdraft	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0
Trade Creditors	4,741,040	4,595,386	4,315,300	4,094,936	3,881,857	0	0
Group/Directors Accounts	0	0	0	0	0	0	204,492
other short term finances	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	3,770,040	3,416,071
total current liabilities	4,741,040	4,595,386	4,315,300	4,094,936	3,881,857	3,770,040	3,620,563
loans	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0
provisions	0	0	0	0	0	192,428	174,303
total long term liabilities	0	0	0	0	0	192,428	174,303
total liabilities	4,741,040	4,595,386	4,315,300	4,094,936	3,881,857	3,962,468	3,794,866
net assets	5,921,482	5,584,977	5,201,628	5,698,632	5,543,897	5,897,033	4,940,860
total shareholders funds	5,921,482	5,584,977	5,201,628	5,698,632	5,543,897	5,897,033	4,940,860

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Operating Activities
Operating Profit	415,438	473,270	-497,004	191,031	5,664,941	920,591	243,180
Depreciation	0	0	0	0	0	573	0
Amortisation	0	0	0	0	0	0	0
Tax	-78,933	-89,921	0	-36,296	-1,078,413	-176,348	-48,664
Stock	0	0	0	0	0	0	0
Debtors	-296,924	1,546,183	721,496	-1,601,338	2,178,928	-280,000	280,000
Creditors	145,654	280,086	220,364	213,079	3,881,857	0	0
Accruals and Deferred Income	0	0	0	0	-3,770,040	353,969	3,416,071
Deferred Taxes & Provisions	0	0	0	0	-192,428	18,125	174,303
Cash flow from operations	779,083	-882,748	-998,136	1,969,152	2,326,989	1,396,910	3,504,890
Investing Activities
capital expenditure	-779,083	882,748	998,136	-1,969,152	-7,245,105	-2,294	0
Change in Investments	0	0	0	0	-6,946,910	-1,397,951	8,344,861
cash flow from investments	-779,083	882,748	998,136	-1,969,152	-298,195	1,395,657	-8,344,861
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-204,492	204,492
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0
share issue	0	0	0	0	-4,950,580	204,375	4,746,205
interest	0	0	0	0	10,916	7,554	139
cash flow from financing	0	0	0	0	-4,939,664	7,437	4,950,836
cash and cash equivalents
cash	0	0	0	0	-2,910,870	2,800,005	110,865
overdraft	0	0	0	0	0	0	0
change in cash	0	0	0	0	-2,910,870	2,800,005	110,865

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLENCO LIMITED group structure

Glenco Limited has no subsidiary companies.

Ultimate parent company

GLENCO LIMITED

10024035

GLENCO LIMITED Shareholders

rita patel	52.01%
navin kumar patel	47.99%

Glenco Limited currently has 3 directors. The longest serving directors include Mrs Rita Patel (Feb 2016) and Mr Navin Patel (Feb 2016).

officer	country	age	start	end	role
Mrs Rita Patel	England	68 years	Feb 2016	-	Director
Mr Navin Patel	England	70 years	Feb 2016	-	Director
Mr Kanish Patel	England	41 years	Nov 2019	-	Director

P&L

December 2022

turnover

12.8m

-13%

operating profit

415.4k

gross margin

15.6%

+38.47%

turnover

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

Balance Sheet

December 2022

net assets

5.9m

+0.06%

total assets

10.7m

+0.05%

cash

net assets

Total assets minus all liabilities

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company number

10024035

Type

Private limited with Share Capital

industry

55900 - Other accommodation

incorporation date

February 2016

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

3 culvercliff walk, manchester, M3 4FL

last accounts submitted

December 2022

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 glenco limited.

glenco limited Company Information

glenco limited Estimated Valuation

glenco limited Estimated Valuation

glenco limited Estimated Valuation

Glenco Limited Overview

Glenco Limited Health Check

GLENCO LIMITED financials

glenco limited Credit Report and Business Information

Glenco Limited Competitor Analysis

glenco limited Ownership

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glenco limited company details

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glenco limited Companies House Filings - See Documents