yearnglass limited
yearnglass limited Company Information
Company Number
10562188
Website
www.yearnglass.co.ukRegistered Address
10 blackhorse lane, north weald, epping, CM16 6EP
Industry
Other manufacturing n.e.c.
Telephone
442085333307
Next Accounts Due
October 2025
Group Structure
View All
Shareholders
jihad kharsa 50%
ghassan kharsa 50%
yearnglass limited Estimated Valuation
Pomanda estimates the enterprise value of YEARNGLASS LIMITED at £1.5m based on a Turnover of £2.1m and 0.7x industry multiple (adjusted for size and gross margin).
yearnglass limited Estimated Valuation
Pomanda estimates the enterprise value of YEARNGLASS LIMITED at £0 based on an EBITDA of £-7.1k and a 4.55x industry multiple (adjusted for size and gross margin).
yearnglass limited Estimated Valuation
Pomanda estimates the enterprise value of YEARNGLASS LIMITED at £2.2m based on Net Assets of £1.1m and 2.05x industry multiple (adjusted for liquidity).
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Yearnglass Limited Overview
Yearnglass Limited is a live company located in epping, CM16 6EP with a Companies House number of 10562188. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in January 2017, it's largest shareholder is jihad kharsa with a 50% stake. Yearnglass Limited is a young, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.
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Yearnglass Limited Health Check
Pomanda's financial health check has awarded Yearnglass Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£13.3m)
- Yearnglass Limited
£13.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (7.6%)
- Yearnglass Limited
7.6% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)
- Yearnglass Limited
28.4% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (6.3%)
- Yearnglass Limited
6.3% - Industry AVG
Employees
with 31 employees, this is below the industry average (73)
31 - Yearnglass Limited
73 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£38.3k)
- Yearnglass Limited
£38.3k - Industry AVG
Efficiency
resulting in sales per employee of £68k, this is less efficient (£164.4k)
- Yearnglass Limited
£164.4k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (54 days)
- Yearnglass Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (46 days)
- Yearnglass Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (66 days)
- Yearnglass Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 194 weeks, this is more cash available to meet short term requirements (17 weeks)
194 weeks - Yearnglass Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.1%, this is a lower level of debt than the average (48.1%)
21.1% - Yearnglass Limited
48.1% - Industry AVG
yearnglass limited Credit Report and Business Information
Yearnglass Limited Competitor Analysis
Perform a competitor analysis for yearnglass limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
yearnglass limited Ownership
YEARNGLASS LIMITED group structure
Yearnglass Limited has no subsidiary companies.
Ultimate parent company
YEARNGLASS LIMITED
10562188
yearnglass limited directors
Yearnglass Limited currently has 2 directors. The longest serving directors include Mr Jihad Kharsa (Jan 2017) and Mr Ghassan Kharsa (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jihad Kharsa | United Kingdom | 66 years | Jan 2017 | - | Director |
| Mr Ghassan Kharsa | United Kingdom | 34 years | Jan 2017 | - | Director |
YEARNGLASS LIMITED financials
Yearnglass Limited's latest turnover from January 2024 is estimated at £2.1 million and the company has net assets of £1.1 million. According to their latest financial statements, Yearnglass Limited has 31 employees and maintains cash reserves of £924.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | 31 | 30 | 30 | 32 | 30 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 85,293 | 87,070 | 105,139 | 113,322 | 60,464 | 70,524 | 0 |
| Intangible Assets | 0 | 0 | 2,333 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 85,293 | 87,070 | 107,472 | 113,322 | 60,464 | 70,524 | 0 |
| Stock & work in progress | 78,500 | 85,000 | 85,000 | 0 | 0 | 0 | 0 |
| Trade Debtors | 278,051 | 245,286 | 255,051 | 1,108,156 | 788,915 | 431,994 | 200 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,419 | 19,343 | 33,425 | 10,066 | 13,764 | 0 | 0 |
| Cash | 924,513 | 916,038 | 924,428 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 15,241 | 0 |
| total current assets | 1,286,483 | 1,265,667 | 1,297,904 | 1,118,222 | 802,679 | 447,235 | 200 |
| total assets | 1,371,776 | 1,352,737 | 1,405,376 | 1,231,544 | 863,143 | 517,759 | 200 |
| Bank overdraft | 11,667 | 11,667 | 11,667 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 102,750 | 109,119 | 165,605 | 460,628 | 308,648 | 232,334 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 133,021 | 111,640 | 164,152 | 0 | 0 | 0 | 0 |
| total current liabilities | 247,438 | 232,426 | 341,424 | 460,628 | 308,648 | 232,334 | 0 |
| loans | 41,852 | 53,770 | 64,970 | 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 | 75,638 | 85,737 | 95,300 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 41,852 | 53,770 | 64,970 | 75,638 | 85,737 | 95,300 | 0 |
| total liabilities | 289,290 | 286,196 | 406,394 | 536,266 | 394,385 | 327,634 | 0 |
| net assets | 1,082,486 | 1,066,541 | 998,982 | 695,278 | 468,758 | 190,125 | 200 |
| total shareholders funds | 1,082,486 | 1,066,541 | 998,982 | 695,278 | 468,758 | 190,125 | 200 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 11,135 | 5,904 | 0 | ||||
| Amortisation | 0 | 2,333 | 0 | ||||
| Tax | |||||||
| Stock | -6,500 | 0 | 85,000 | 0 | 0 | 0 | 0 |
| Debtors | 18,841 | -23,847 | -829,746 | 315,543 | 370,685 | 431,794 | 200 |
| Creditors | -6,369 | -56,486 | -295,023 | 151,980 | 76,314 | 232,334 | 0 |
| Accruals and Deferred Income | 21,381 | -52,512 | 164,152 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -11,918 | -11,200 | 64,970 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -75,638 | -10,099 | -9,563 | 95,300 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 8,475 | -8,390 | 924,428 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 11,667 | 0 | 0 | 0 | 0 |
| change in cash | 8,475 | -8,390 | 912,761 | 0 | 0 | 0 | 0 |
P&L
January 2024turnover
2.1m
+4%
operating profit
-18.2k
0%
gross margin
28.4%
-3.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
1.1m
+0.01%
total assets
1.4m
+0.01%
cash
924.5k
+0.01%
net assets
Total assets minus all liabilities
yearnglass limited company details
company number
10562188
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
January 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
10 blackhorse lane, north weald, epping, CM16 6EP
last accounts submitted
January 2024
yearnglass 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 yearnglass limited.
yearnglass limited Companies House Filings - See Documents
| date | description | view/download |
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