glowb ltd

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glowb ltd Company Information

Share GLOWB LTD

Company Number

13010329

Directors

Colin Fraser

Colin Fraser

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Shareholders

colin fraser

ada ventures ii lp acting by its general partner av ii gp llp

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ

glowb ltd Estimated Valuation

£381.6k

Pomanda estimates the enterprise value of GLOWB LTD at £381.6k based on a Turnover of £684.6k and 0.56x industry multiple (adjusted for size and gross margin).

glowb ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of GLOWB LTD at £0 based on an EBITDA of £-1m and a 4.08x industry multiple (adjusted for size and gross margin).

glowb ltd Estimated Valuation

£515.9k

Pomanda estimates the enterprise value of GLOWB LTD at £515.9k based on Net Assets of £241.9k and 2.13x industry multiple (adjusted for liquidity).

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Glowb Ltd Overview

Glowb Ltd is a live company located in milton keynes, MK5 8PJ with a Companies House number of 13010329. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2020, it's largest shareholder is colin fraser with a 48.5% stake. Glowb Ltd is a young, small sized company, Pomanda has estimated its turnover at £684.6k with unknown growth in recent years.

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Glowb Ltd Health Check

Pomanda's financial health check has awarded Glowb Ltd a 3.5 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

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £684.6k, make it smaller than the average company (£4.8m)

£684.6k - Glowb Ltd

£4.8m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Glowb Ltd

- - Industry AVG

production

Production

with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)

38.3% - Glowb Ltd

38.3% - Industry AVG

profitability

Profitability

an operating margin of -150.2% make it less profitable than the average company (5.7%)

-150.2% - Glowb Ltd

5.7% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (27)

8 - Glowb Ltd

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £54k, the company has an equivalent pay structure (£54k)

£54k - Glowb Ltd

£54k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £85.6k, this is less efficient (£171.4k)

£85.6k - Glowb Ltd

£171.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Glowb Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is quicker than average (32 days)

11 days - Glowb Ltd

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 15 days, this is less than average (33 days)

15 days - Glowb Ltd

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 211 weeks, this is more cash available to meet short term requirements (22 weeks)

211 weeks - Glowb Ltd

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 15.4%, this is a lower level of debt than the average (62.5%)

15.4% - Glowb Ltd

62.5% - Industry AVG

GLOWB LTD financials

EXPORTms excel logo

Glowb Ltd's latest turnover from December 2023 is estimated at £684.6 thousand and the company has net assets of £241.9 thousand. According to their latest financial statements, Glowb Ltd has 8 employees and maintains cash reserves of £179.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021
Turnover684,586431,297156,803
Other Income Or Grants
Cost Of Sales422,505265,78798,157
Gross Profit262,082165,51058,645
Admin Expenses1,290,420584,144112,472
Operating Profit-1,028,338-418,634-53,827
Interest Payable
Interest Receivable6,2861,1054
Pre-Tax Profit-1,022,052-417,529-53,823
Tax
Profit After Tax-1,022,052-417,529-53,823
Dividends Paid
Retained Profit-1,022,052-417,529-53,823
Employee Costs431,674205,23597,521
Number Of Employees842
EBITDA*-1,025,539-418,259-53,827

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021
Tangible Assets3,242
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets3,242
Stock & work in progress17,564
Trade Debtors
Group Debtors
Misc Debtors88,90431,35994,186
Cash179,55259,8973,259
misc current assets
total current assets286,02091,25697,445
total assets286,02094,49897,445
Bank overdraft
Bank loan
Trade Creditors 13,59829,1311,268
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities30,558381,666
total current liabilities44,156410,7971,268
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities44,156410,7971,268
net assets241,864-316,29996,177
total shareholders funds241,864-316,29996,177
Dec 2023Dec 2022Dec 2021
Operating Activities
Operating Profit-1,028,338-418,634-53,827
Depreciation2,799375
Amortisation
Tax
Stock17,564
Debtors57,545-62,82794,186
Creditors-15,53327,8631,268
Accruals and Deferred Income-351,108381,666
Deferred Taxes & Provisions
Cash flow from operations-1,467,28954,097-146,745
Investing Activities
capital expenditure443-3,617
Change in Investments
cash flow from investments443-3,617
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1,580,2155,053150,000
interest6,2861,1054
cash flow from financing1,586,5016,158150,004
cash and cash equivalents
cash119,65556,6383,259
overdraft
change in cash119,65556,6383,259

glowb ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Glowb Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for glowb ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in MK5 area or any other competitors across 12 key performance metrics.

glowb ltd Ownership

GLOWB LTD group structure

Glowb Ltd has no subsidiary companies.

Ultimate parent company

GLOWB LTD

13010329

GLOWB LTD Shareholders

colin fraser 48.46%
ada ventures ii lp acting by its general partner av ii gp llp 16.88%
active partners (kcp) nominees limited 6.98%
camberwell energy 6.85%
volta circle limited 4.89%
alan hofmeyr 3.49%
jeremy michael oppenheim 2.79%
climate-tech fund i a series of voyagers funds lp 2.37%
darren paul rickards 2.23%
rebecca jane moffatt 1.4%

glowb ltd directors

Glowb Ltd currently has 3 directors. The longest serving directors include Mr Colin Fraser (Nov 2020) and Mr Colin Fraser (Nov 2020).

officercountryagestartendrole
Mr Colin FraserUnited Kingdom55 years Nov 2020- Director
Mr Colin FraserEngland55 years Nov 2020- Director
Ms Sarah ChapmanEngland40 years Jun 2022- Director

P&L

December 2023

turnover

684.6k

+59%

operating profit

-1m

0%

gross margin

38.3%

-0.24%

turnover

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

Balance Sheet

December 2023

net assets

241.9k

-1.76%

total assets

286k

+2.03%

cash

179.6k

+2%

net assets

Total assets minus all liabilities

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glowb ltd company details

company number

13010329

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

November 2020

age

5

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

my solar roof limited (November 2022)

accountant

-

auditor

-

address

1 radian court, knowlhill, milton keynes, buckinghamshire, MK5 8PJ

Bank

-

Legal Advisor

-

glowb 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 glowb ltd.

glowb 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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glowb ltd Companies House Filings - See Documents

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