ciner glass ltd
ciner glass ltd Company Information
Company Number
11974296
Next Accounts
Sep 2025
Shareholders
tc memo holdings ltd
Group Structure
View All
Industry
Manufacture and processing of other glass, including technical glassware
Registered Address
2nd floor 23 college hill, london, EC4R 2RP
Website
wesoda.co.ukciner glass ltd Estimated Valuation
Pomanda estimates the enterprise value of CINER GLASS LTD at £3.1k based on a Turnover of £7.9k and 0.39x industry multiple (adjusted for size and gross margin).
ciner glass ltd Estimated Valuation
Pomanda estimates the enterprise value of CINER GLASS LTD at £0 based on an EBITDA of £-2.7m and a 2.64x industry multiple (adjusted for size and gross margin).
ciner glass ltd Estimated Valuation
Pomanda estimates the enterprise value of CINER GLASS LTD at £0 based on Net Assets of £-1.5m and 2.15x industry multiple (adjusted for liquidity).
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Ciner Glass Ltd Overview
Ciner Glass Ltd is a live company located in london, EC4R 2RP with a Companies House number of 11974296. It operates in the manufacture and processing of other glass, including technical glassware sector, SIC Code 23190. Founded in May 2019, it's largest shareholder is tc memo holdings ltd with a 100% stake. Ciner Glass Ltd is a young, micro sized company, Pomanda has estimated its turnover at £7.9k with unknown growth in recent years.
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Ciner Glass Ltd Health Check
Pomanda's financial health check has awarded Ciner Glass Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
8 Weak
Size
annual sales of £7.9k, make it smaller than the average company (£10.1m)
£7.9k - Ciner Glass Ltd
£10.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ciner Glass Ltd
- - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (38.2%)
17.7% - Ciner Glass Ltd
38.2% - Industry AVG
Profitability
an operating margin of -35921.7% make it less profitable than the average company (11.3%)
-35921.7% - Ciner Glass Ltd
11.3% - Industry AVG
Employees
with 6 employees, this is below the industry average (60)
6 - Ciner Glass Ltd
60 - Industry AVG
Pay Structure
on an average salary of £188.9k, the company has a higher pay structure (£45.9k)
£188.9k - Ciner Glass Ltd
£45.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.3k, this is less efficient (£183.2k)
£1.3k - Ciner Glass Ltd
£183.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ciner Glass Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 20145 days, this is slower than average (29 days)
20145 days - Ciner Glass Ltd
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ciner Glass Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Ciner Glass Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 106.9%, this is a higher level of debt than the average (35.5%)
106.9% - Ciner Glass Ltd
35.5% - Industry AVG
CINER GLASS LTD financials
Ciner Glass Ltd's latest turnover from December 2023 is £7.9 thousand and the company has net assets of -£1.5 million. According to their latest financial statements, Ciner Glass Ltd has 6 employees and maintains cash reserves of £142.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 7,888 | ||||
| Other Income Or Grants | |||||
| Cost Of Sales | 6,491 | ||||
| Gross Profit | 1,397 | ||||
| Admin Expenses | 2,834,902 | 2,082,026 | |||
| Operating Profit | -2,833,505 | -2,082,026 | -1,273,466 | -288,208 | |
| Interest Payable | 613,430 | 177,684 | 13,719 | ||
| Interest Receivable | 134,407 | ||||
| Pre-Tax Profit | -3,342,403 | -2,219,588 | -1,287,185 | -288,208 | -71,911 |
| Tax | |||||
| Profit After Tax | -3,342,403 | -2,219,588 | -1,287,185 | -288,208 | -71,911 |
| Dividends Paid | |||||
| Retained Profit | -3,342,403 | -2,219,588 | -1,287,185 | -288,208 | -71,911 |
| Employee Costs | 1,133,159 | 1,145,761 | 583,555 | 223,706 | 53,930 |
| Number Of Employees | 6 | 5 | 5 | 3 | 3 |
| EBITDA* | -2,698,259 | -1,946,812 | -1,150,849 | -285,582 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 9,385,572 | 6,686,465 | 3,053,979 | 64,655 | 1,147 |
| Intangible Assets | 235,827 | 349,024 | |||
| Investments & Other | 9,356,534 | 6,639,944 | 2,535,873 | 56,904 | |
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 9,621,399 | 7,035,489 | 3,053,979 | 64,655 | 1,147 |
| Stock & work in progress | |||||
| Trade Debtors | |||||
| Group Debtors | 11,230,748 | 5,667,800 | 2,584,168 | 1,359,059 | |
| Misc Debtors | 78,231 | 93,897 | 145,272 | 7,545 | 2,157 |
| Cash | 142,582 | 209,280 | 593,230 | 48,754 | 125,619 |
| misc current assets | |||||
| total current assets | 11,451,561 | 5,970,977 | 3,322,670 | 1,415,358 | 127,776 |
| total assets | 21,072,960 | 13,006,466 | 6,376,649 | 1,480,013 | 128,923 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 358,258 | 89,533 | 381,020 | 27,429 | 3,293 |
| Group/Directors Accounts | 21,675,541 | 10,533,163 | |||
| other short term finances | 1,317,351 | 1,786,594 | |||
| hp & lease commitments | 130,187 | 141,868 | 100,250 | ||
| other current liabilities | 202,368 | 70,664 | 56,953 | 26,009 | 197,441 |
| total current liabilities | 22,366,354 | 10,835,228 | 1,855,574 | 1,840,032 | 200,734 |
| loans | 321,952 | 566,410 | 826,908 | ||
| hp & lease commitments | 160,976 | 283,205 | 413,454 | ||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 160,976 | 283,205 | 413,454 | ||
| total liabilities | 22,527,330 | 11,118,433 | 2,269,028 | 1,840,032 | 200,734 |
| net assets | -1,454,370 | 1,888,033 | 4,107,621 | -360,019 | -71,811 |
| total shareholders funds | -1,454,370 | 1,888,033 | 4,107,621 | -360,019 | -71,811 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -2,833,505 | -2,082,026 | -1,273,466 | -288,208 | |
| Depreciation | 22,049 | 22,017 | 122,617 | 2,626 | 383 |
| Amortisation | 113,197 | 113,197 | |||
| Tax | |||||
| Stock | |||||
| Debtors | 5,547,282 | 3,032,257 | 1,362,836 | 1,364,447 | 2,157 |
| Creditors | 268,725 | -291,487 | 353,591 | 24,136 | 3,293 |
| Accruals and Deferred Income | 131,704 | 13,711 | 30,944 | -171,432 | 197,441 |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | -7,845,112 | -5,256,845 | -2,129,150 | -1,797,325 | |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 2,716,590 | 4,104,071 | 2,478,969 | 56,904 | |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | 11,142,378 | 10,533,163 | |||
| Other Short Term Loans | -1,317,351 | -469,243 | 1,786,594 | ||
| Long term loans | -244,458 | -260,498 | 826,908 | ||
| Hire Purchase and Lease Commitments | -133,910 | -88,631 | 513,704 | ||
| other long term liabilities | |||||
| share issue | |||||
| interest | -479,023 | -177,684 | -13,719 | ||
| cash flow from financing | 10,284,987 | 8,688,999 | 6,612,475 | 1,786,594 | 100 |
| cash and cash equivalents | |||||
| cash | -66,698 | -383,950 | 544,476 | -76,865 | 125,619 |
| overdraft | |||||
| change in cash | -66,698 | -383,950 | 544,476 | -76,865 | 125,619 |
ciner glass ltd Credit Report and Business Information
Ciner Glass Ltd Competitor Analysis
Perform a competitor analysis for ciner glass ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in EC4R area or any other competitors across 12 key performance metrics.
ciner glass ltd Ownership
CINER GLASS LTD group structure
Ciner Glass Ltd has 2 subsidiary companies.
Ultimate parent company
TC MEMO HOLDINGS LTD
#0141109
1 parent
CINER GLASS LTD
11974296
2 subsidiaries
ciner glass ltd directors
Ciner Glass Ltd currently has 10 directors. The longest serving directors include Mrs Ikbal Ciner (May 2019) and Mr Mehmet Erdogan (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Ikbal Ciner | United Kingdom | 45 years | May 2019 | - | Director |
| Mr Mehmet Erdogan | 54 years | May 2019 | - | Director | |
| Mr Mehmet Erdogan | United Kingdom | 54 years | May 2019 | - | Director |
| Sir Peter Westmacott | United Kingdom | 74 years | Jan 2022 | - | Director |
| Mr Cuneyt Basaran | England | 51 years | Jun 2023 | - | Director |
| Mr Alasdair Warren | United Kingdom | 58 years | Sep 2023 | - | Director |
| Mr Gokhan Sen | United Kingdom | 42 years | Sep 2023 | - | Director |
| Mr Nicholas Hall | United Kingdom | 50 years | Sep 2023 | - | Director |
| Mr Ahmet Tohma | United Kingdom | 44 years | Sep 2023 | - | Director |
| Mr Gursel Usta | United Kingdom | 64 years | Nov 2023 | - | Director |
P&L
December 2023turnover
7.9k
0%
operating profit
-2.8m
+36%
gross margin
17.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.5m
-1.77%
total assets
21.1m
+0.62%
cash
142.6k
-0.32%
net assets
Total assets minus all liabilities
ciner glass ltd company details
company number
11974296
Type
Private limited with Share Capital
industry
23190 - Manufacture and processing of other glass, including technical glassware
incorporation date
May 2019
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KABAN & COMPANY LTD
address
2nd floor 23 college hill, london, EC4R 2RP
Bank
-
Legal Advisor
-
ciner glass 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 found 5 charges/mortgages relating to ciner glass ltd. Currently there are 5 open charges and 0 have been satisfied in the past.
ciner glass 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.
Click to start generating capital raising & share issue transactions for CINER GLASS LTD. This can take several minutes, an email will notify you when this has completed.
ciner glass ltd Companies House Filings - See Documents
| date | description | view/download |
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