Glassworks International Limited
05128445
Healthy
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 14/05/2025
Due 28/05/2026
Industry
Officers
director · Since 14/05/2004
DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 6 other boards
director · Since 01/11/2014
DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 5 other boards
Persons with Significant Control
Gwi Investments Limited
Unit 1, Cambridge House, Camboro Business Park, Cambridge, CB3 0QH
Reg: 10422010 · Uk Companies House · Uk Limited Company
Notified 07/11/2016
Former PSCs
Mr Paul Martin Morgan
Ceased 07/11/2016
Mrs Samantha Jane Morgan
Ceased 07/11/2016
Charges2 outstanding
RBS INVOICE FINANCE LIMITED (THE SECURITY HOLDER)
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 2017+ SIC 46900 peers60
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 going co
Key FinancialsYear ending 31/12/2024
Turnover
£10.1M
Annual revenue
Net Worth
£1.4M
Balance sheet strength
Cash
£16k
Cash in the bank
Profit Before Tax
£806k
Bottom line earnings
Net Current Assets
£1.3M
Working capital
Current Assets
£5.8M
Current Liabilities
£4.5M
Fixed Assets
£316k
Debtors
£1.9M
Cost of Sales
£7.8M
Gross Profit
£2.3M
Admin Expenses
£1.2M
Operating Profit
£845k
Profit After Tax
£583k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.28 | +£106k |
| 2023 | 1.26 | +£272k |
| 2022 | 1.18 | +£35k |
| 2021 | 1.31 | +£45k |
| 2020 | 1.34 | +£212k |
| 2019 | 1.06 | +£236k |
| 2018 | 1.02 | — |
Derived from filed accounts. Not audited figures.