c/o alter domus (uk) limited, 10th floor, london, EC3A 8BF
Website
-
project glow topco limitedEstimated Valuation
£54.9m
Pomanda estimates the enterprise value of PROJECT GLOW TOPCO LIMITED at £54.9m based on a Turnover of £68.3m and 0.8x industry multiple (adjusted for size and gross margin).
project glow topco limitedEstimated Valuation
£88.4m
Pomanda estimates the enterprise value of PROJECT GLOW TOPCO LIMITED at £88.4m based on an EBITDA of £9.3m and a 9.55x industry multiple (adjusted for size and gross margin).
project glow topco limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of PROJECT GLOW TOPCO LIMITED at £0 based on Net Assets of £-11.7m and 2.14x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Project Glow Topco LimitedOverview
Project Glow Topco Limited is a live company located in london, EC3A 8BF with a Companies House number of 13671831. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in October 2021, it's largest shareholder is
ecomplete spv limited
with a 46.9% stake. Project Glow Topco Limited is a startup,
large sized company, Pomanda has estimated its turnover at
£68.3m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Project Glow Topco Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
3 Weak
Size
annual sales of £64.6m, make it larger than the average company (£445.2k)
£64.6m - Project Glow Topco Limited
£445.2k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Project Glow Topco Limited
- - Industry AVG
Production
with a gross margin of 36.6%, this company has a comparable cost of product (36.3%)
36.6% - Project Glow Topco Limited
36.3% - Industry AVG
Profitability
an operating margin of -5% make it less profitable than the average company (2.5%)
-5% - Project Glow Topco Limited
2.5% - Industry AVG
Employees
with 105 employees, this is above the industry average (5)
105 - Project Glow Topco Limited
5 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has a higher pay structure (£27.3k)
£42.2k - Project Glow Topco Limited
£27.3k - Industry AVG
Efficiency
resulting in sales per employee of £614.8k, this is more efficient (£175.5k)
£614.8k - Project Glow Topco Limited
£175.5k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (22 days)
12 days - Project Glow Topco Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (34 days)
70 days - Project Glow Topco Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 91 days, this is in line with average (88 days)
91 days - Project Glow Topco Limited
88 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 22 weeks, this is more cash available to meet short term requirements (18 weeks)
22 weeks - Project Glow Topco Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.5%, this is a higher level of debt than the average (73.4%)
112.5% - Project Glow Topco Limited
73.4% - Industry AVG
PROJECT GLOW TOPCO LIMITED financials
EXPORT
Project Glow Topco Limited's latest turnover from December 2023 is £68.3 million and the company has net assets of -£11.7 million. According to their latest financial statements, Project Glow Topco Limited has 155 employees and maintains cash reserves of £12 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Jan 2023
Turnover
68,289,027
64,556,991
Other Income Or Grants
Cost Of Sales
34,716,794
40,907,446
Gross Profit
33,572,233
23,649,545
Admin Expenses
30,525,019
26,901,394
Operating Profit
3,047,214
-3,251,849
Interest Payable
6,625,721
7,250,736
Interest Receivable
Pre-Tax Profit
-3,445,535
-9,371,602
Tax
-668,847
58,379
Profit After Tax
-4,114,382
-9,313,223
Dividends Paid
Retained Profit
-4,114,382
-9,313,223
Employee Costs
5,143,745
4,430,060
Number Of Employees
155
105
EBITDA*
9,253,536
4,025,327
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Jan 2023
Tangible Assets
628,153
224,776
Intangible Assets
51,120,326
47,359,110
Investments & Other
700,204
Debtors (Due After 1 year)
Total Fixed Assets
51,748,479
48,284,090
Stock & work in progress
14,023,980
10,218,657
Trade Debtors
1,699,890
2,132,759
Group Debtors
882,979
Misc Debtors
4,295,679
2,641,006
Cash
12,021,383
5,740,433
misc current assets
total current assets
32,040,932
21,615,834
total assets
83,789,411
69,899,924
Bank overdraft
Bank loan
4,873,914
Trade Creditors
7,975,827
7,953,672
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
7,073,881
5,547,378
total current liabilities
19,923,622
13,501,050
loans
66,731,487
60,898,137
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
8,844,789
4,219,960
total long term liabilities
75,576,276
65,118,097
total liabilities
95,499,898
78,619,147
net assets
-11,710,487
-8,719,223
total shareholders funds
-11,710,487
-8,719,223
Dec 2023
Jan 2023
Operating Activities
Operating Profit
3,047,214
-3,251,849
Depreciation
133,257
90,863
Amortisation
6,073,065
7,186,313
Tax
-668,847
58,379
Stock
14,023,980
10,218,657
Debtors
5,995,569
5,656,744
Creditors
7,975,827
7,953,672
Accruals and Deferred Income
7,073,881
5,547,378
Deferred Taxes & Provisions
8,844,789
4,219,960
Cash flow from operations
12,459,637
5,929,315
Investing Activities
capital expenditure
Change in Investments
700,204
cash flow from investments
-700,204
Financing Activities
Bank loans
4,873,914
Group/Directors Accounts
Other Short Term Loans
Long term loans
66,731,487
60,898,137
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-7,596,105
594,000
interest
-6,625,721
-7,250,736
cash flow from financing
57,383,575
54,241,401
cash and cash equivalents
cash
12,021,383
5,740,433
overdraft
change in cash
12,021,383
5,740,433
project glow topco limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for project glow topco limited. Get real-time insights into project glow topco limited's credit score, group structure and payment trends.
Perform a competitor analysis for project glow topco limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in EC3A area or any other competitors across 12 key performance metrics.
project glow topco limited Ownership
PROJECT GLOW TOPCO LIMITED group structure
Project Glow Topco Limited has no subsidiary companies.
Ultimate parent company
PROJECT GLOW TOPCO LIMITED
13671831
PROJECT GLOW TOPCO LIMITED Shareholders
The largest shareholders in Project Glow Topco Limited include Ecomplete Spv Limited and Thakral Lifestyle Pte. Ltd..
ecomplete spv limited
46.92%
thakral lifestyle pte. ltd.
11.44%
northern venture trust plc
6.96%
simon matthew cooper
6.66%
northern 2 vct plc
6.38%
andrew michael showman
6.28%
northern 3 vct plc
6.28%
laurence mark newman
5.69%
tower pension trustees ltd
1.75%
nvm nominees limited
1.04%
project glow topco limited directors
Project Glow Topco Limited currently has 10 directors.
The longest serving directors include
Mr Michael McGrath (Nov 2021) and
Mr Paul Gedman (Nov 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
-11.7m
0%
total assets
83.8m
0%
cash
12m
0%
net assets
Total assets minus all liabilities
Similar Companies
Similar companies unavailable for this selection
project glow topco limited company details
company number
13671831
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
October 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
c/o alter domus (uk) limited, 10th floor, london, EC3A 8BF
Bank
-
Legal Advisor
-
project glow topco 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 found 3 charges/mortgages relating to project glow topco limited. Currently there are 3 open charges and 0 have been satisfied in the past.
project glow topco limited 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 PROJECT GLOW TOPCO LIMITED. This can take several minutes, an email will notify you when this has completed.
project glow topco limitedCompanies House Filings - See Documents
