glss ltd
glss ltd Company Information
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
meridien house, 42 upper berkeley street, london, W1H 5QL
glss ltd Estimated Valuation
Pomanda estimates the enterprise value of GLSS LTD at £319.2k based on a Turnover of £464.9k and 0.69x industry multiple (adjusted for size and gross margin).
glss ltd Estimated Valuation
Pomanda estimates the enterprise value of GLSS LTD at £100.9k based on an EBITDA of £22.3k and a 4.52x industry multiple (adjusted for size and gross margin).
glss ltd Estimated Valuation
Pomanda estimates the enterprise value of GLSS LTD at £240.5k based on Net Assets of £122.6k and 1.96x industry multiple (adjusted for liquidity).
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Glss Ltd Overview
Glss Ltd is a live company located in london, W1H 5QL with a Companies House number of 10234634. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2016, it's largest shareholder is sia inteliqo with a 100% stake. Glss Ltd is a young, micro sized company, Pomanda has estimated its turnover at £464.9k with healthy growth in recent years.
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Glss Ltd Health Check
Pomanda's financial health check has awarded Glss Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £464.9k, make it smaller than the average company (£907.6k)
- Glss Ltd
£907.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.8%)
- Glss Ltd
5.8% - Industry AVG
Production
with a gross margin of 41.7%, this company has a comparable cost of product (41.7%)
- Glss Ltd
41.7% - Industry AVG
Profitability
an operating margin of 4.8% make it less profitable than the average company (6.6%)
- Glss Ltd
6.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (14)
6 - Glss Ltd
14 - Industry AVG
Pay Structure
on an average salary of £30.7k, the company has an equivalent pay structure (£30.7k)
- Glss Ltd
£30.7k - Industry AVG
Efficiency
resulting in sales per employee of £77.5k, this is equally as efficient (£88.4k)
- Glss Ltd
£88.4k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is near the average (30 days)
- Glss Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 140 days, this is slower than average (39 days)
- Glss Ltd
39 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (36 days)
- Glss Ltd
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (45 weeks)
3 weeks - Glss Ltd
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.6%, this is a higher level of debt than the average (45.2%)
90.6% - Glss Ltd
45.2% - Industry AVG
GLSS LTD financials
Glss Ltd's latest turnover from June 2023 is estimated at £464.9 thousand and the company has net assets of £122.6 thousand. According to their latest financial statements, Glss Ltd has 6 employees and maintains cash reserves of £83.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 6 | 6 | 6 | 4 | 3 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | 24,000 | |
| Investments & Other | 325,750 | 325,750 | 325,750 | ||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 349,750 | 349,750 | 349,750 | 24,000 | 24,000 | 24,000 | |
| Stock & work in progress | 3,400 | ||||||
| Trade Debtors | 36,877 | 23,847 | 30,040 | 43,286 | 48,365 | 59,500 | |
| Group Debtors | |||||||
| Misc Debtors | 834,682 | 900,932 | 528,996 | 401,166 | 159,578 | 43,037 | 2,362 |
| Cash | 83,441 | 31,728 | 13,910 | 24,684 | 153,915 | 33,121 | 17 |
| misc current assets | |||||||
| total current assets | 958,400 | 956,507 | 572,946 | 469,136 | 361,858 | 135,658 | 2,379 |
| total assets | 1,308,150 | 1,306,257 | 922,696 | 493,136 | 385,858 | 159,658 | 2,379 |
| Bank overdraft | 11,216 | 11,705 | |||||
| Bank loan | |||||||
| Trade Creditors | 104,053 | 211,150 | 37,589 | 42,630 | 44,756 | 11,817 | 1 |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 1,041,504 | 936,609 | 815,962 | 450,460 | 341,056 | 147,795 | 951 |
| total current liabilities | 1,156,773 | 1,159,464 | 853,551 | 493,090 | 385,812 | 159,612 | 952 |
| loans | 28,784 | 39,347 | 48,333 | ||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 28,784 | 39,347 | 48,333 | ||||
| total liabilities | 1,185,557 | 1,198,811 | 901,884 | 493,090 | 385,812 | 159,612 | 952 |
| net assets | 122,593 | 107,446 | 20,812 | 46 | 46 | 46 | 1,427 |
| total shareholders funds | 122,593 | 107,446 | 20,812 | 46 | 46 | 46 | 1,427 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 3,400 | ||||||
| Debtors | -53,220 | 365,743 | 114,584 | 236,509 | 105,406 | 100,175 | 2,362 |
| Creditors | -107,097 | 173,561 | -5,041 | -2,126 | 32,939 | 11,816 | 1 |
| Accruals and Deferred Income | 104,895 | 120,647 | 365,502 | 109,404 | 193,261 | 146,844 | 951 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 325,750 | ||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | -10,563 | -8,986 | 48,333 | ||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 51,713 | 17,818 | -10,774 | -129,231 | 120,794 | 33,104 | 17 |
| overdraft | -489 | 11,705 | |||||
| change in cash | 52,202 | 6,113 | -10,774 | -129,231 | 120,794 | 33,104 | 17 |
glss ltd Credit Report and Business Information
Glss Ltd Competitor Analysis
Perform a competitor analysis for glss ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in W1H area or any other competitors across 12 key performance metrics.
glss ltd Ownership
GLSS LTD group structure
Glss Ltd has no subsidiary companies.
Ultimate parent company
GLSS LTD
10234634
glss ltd directors
Glss Ltd currently has 1 director, Mr Victor Baron serving since Jun 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Victor Baron | United Kingdom | 43 years | Jun 2016 | - | Director |
P&L
June 2023turnover
464.9k
-14%
operating profit
22.3k
0%
gross margin
41.8%
+2.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
122.6k
+0.14%
total assets
1.3m
0%
cash
83.4k
+1.63%
net assets
Total assets minus all liabilities
Similar Companies
glss ltd company details
company number
10234634
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
June 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
COHEN & CO ACCOUNTANTS
auditor
-
address
meridien house, 42 upper berkeley street, london, W1H 5QL
Bank
-
Legal Advisor
-
glss 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 glss ltd.
glss 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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glss ltd Companies House Filings - See Documents
| date | description | view/download |
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