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Ciner Glass Property Ltd

12398210

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

2ND FLOOR, LONDON, EC4R 2RP
Incorporated 13/01/2020

Compliance

Last accounts

31/12/2024

audit exemption subsidiary

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 12/01/2026

Due 26/01/2027

On track

Industry

23190
Manufacture and processing of other glass

Officers

Ms Ikbal Didem Ciner

director · Since 13/01/2020

DIRECTOR

TURKISH · UNITED KINGDOM · Age 46

Also on 9 other boards

Mr Mehmet Ali Erdogan

director · Since 13/01/2020

LAWYER

BRITISH · UNITED KINGDOM · Age 55

Also on 8 other boards

Mr Cuneyt Basaran

director · Since 16/06/2023

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 2 other boards

Persons with Significant Control

Ciner Glass Ltd

75–100% shares
75–100% votes
Appoint directors

2nd, Floor, London, EC4R 2RP

Reg: 11974296 · Uk Register Of Companies · Private Company Limited By Shares

Notified 13/01/2020

Former PSCs

Mr Turgay Ciner

Ceased 09/09/2022

CompanyRankvs 224+ SIC 23190 peers
23

Financial strength0th percentile among SIC peers · 0/25
Employees67th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees10/15 pts

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

Liquidity2/20 pts

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

Longevity6/15 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

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 concern are d

Key FinancialsYear ending 31/12/2022

Net Worth

-£3.3M

Balance sheet strength

Cash

£78k

Cash in the bank

Profit Before Tax

-£2.4M

Bottom line earnings

Net Current Assets

-£3.9M

Working capital

Current Assets

£109k

Current Liabilities

£4.1M

Fixed Assets

£643k

Debtors

£31k

Admin Expenses

£2.4M

Profit After Tax

-£2.4M

4avg. employees

People Costs

Wages & salaries£383k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20220.03-£2.4M
20210.20

Derived from filed accounts. Not audited figures.