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Toughglaze (Uk) Limited

03193221

active
Private Limited Company
england wales
Companies House
Health Score
64 / 100

Some Concerns

30/30
Filing
0/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

UNIT DC1 BROCKLEY WAY, BEDFORD, MK43 0ZY
Incorporated 01/05/1996

Compliance

Last accounts

31/05/2025

full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 01/05/2026

Due 15/05/2027

On track

Industry

23110
Manufacture of flat glass

Officers

Mr Ashok Karsan Varsani

director · Since 08/05/1996

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 71

Also on 8 other boards

Mr Bharat Karsan Varsani

director · Since 08/05/1996

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 12 other boards

Persons with Significant Control

Mr Ashok Karsan Varsani

25–50% shares
25–50% votes

British · England · Age 70

Unit Dc1, Brockley Way, Bedford, MK43 0ZY

Notified 06/04/2016

Mr Bharat Karsan Varsani

25–50% shares
25–50% votes

British · United Kingdom · Age 62

Unit Dc1, Brockley Way, Bedford, MK43 0ZY

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

LEUMI ABL LIMITED

Created 02/03/2022Registered 04/03/2022
Charge
satisfied

BARCLAYS BANK PLC

Created 12/10/2018Registered 16/10/2018Satisfied 04/03/2022
charge
satisfied

BARCLAYS BANK PLC

Created 31/03/2011Registered 01/04/2011Satisfied 16/02/2022
charge
satisfied

BARCLAYS BANK PLC

Created 22/03/2011Registered 24/03/2011Satisfied 16/02/2022
charge
satisfied

THE TRUSTEE OF THE TOUGHGLAZE (UK) LIMITED S.S.A.S.

Created 03/12/2010Registered 23/12/2010Satisfied 20/02/2019
charge
satisfied

VIPUL KAPURCHAND VORA, BHARAT KARSAN VARSANI, ASHOKKUMAR KARSAS VARSANI AND SAM TRUSTEES LIMITE

Created 27/10/2010Registered 10/11/2010Satisfied 20/02/2019
charge
satisfied

BARCLAYS BANK PLC

Created 28/10/2010Registered 04/11/2010Satisfied 16/02/2022
charge
outstanding

ESKMUIR PROPERTIES LIMITED

Created 10/03/2010Registered 27/03/2010
charge
outstanding

AVIVA LIFE & PENSIONS UK LIMITED

Created 29/09/2009Registered 08/10/2009
charge
satisfied

BARCLAYS BANK PLC

Created 25/08/2009Registered 09/09/2009Satisfied 16/02/2022
charge
satisfied

BARCLAYS BANK PLC

Created 26/05/2005Registered 11/06/2005Satisfied 04/03/2022
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 12/10/2002Registered 30/10/2002Satisfied 18/11/2005
charge
satisfied

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Created 04/10/2001Registered 11/10/2001Satisfied 23/04/2003
charge
satisfied

LOMBARD NORTH CENTRAL PLC

Created 02/07/1999Registered 09/07/1999Satisfied 16/05/2002
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 22/07/1998Registered 03/08/1998Satisfied 16/05/2002
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/09/1997Registered 23/09/1997Satisfied 16/05/2002
charge
satisfied

EFCO LIMITED

Created 28/05/1997Registered 29/05/1997Satisfied 05/11/1999
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 29/01/1997Registered 07/02/1997Satisfied 16/05/2002

CompanyRankvs 96+ SIC 23110 peers
31

Financial strength0th percentile among SIC peers · 0/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.79× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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96Toughglaze (Uk) Limited
47
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/05/2025

Turnover

£16.1M

Annual revenue

Net Worth

-£1.4M

Balance sheet strength

Cash

£243k

Cash in the bank

Profit Before Tax

£280k

Bottom line earnings

Net Current Assets

-£1.4M

Working capital

Current Assets

£5.3M

Current Liabilities

£6.8M

Fixed Assets

£2.3M

Debtors

£2.8M

Cost of Sales

£11.5M

Gross Profit

£4.7M

Admin Expenses

£4.3M

Operating Profit

£530k

Profit After Tax

£824k

124avg. employees-1

Tax at Year End(2020)

Corp tax£0

People Costs

Wages & salaries£4.7M
NI contributions£522k

Balance Sheet

Intangible assets£109k
Bank loans & overdrafts£263k
Assets less current liabilities£848k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.79+£824k
20240.75+£753k
20230.72+£7k
20220.78-£3.4M
20210.68-£1.0M
20200.95—

Derived from filed accounts. Not audited figures.