GLASSWELLS LIMITED
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Cash
£15m
+9.4% vs 2025
Net assets
£39m
+7.2% vs 2025
Employees
263
-1.5% lowest in 3 filed years
Profit before tax
£2.9m
-13.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-02-24 | 2025-03-01 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £27,984,438 | £28,562,115 | £27,840,559 | -2.5% | |
| Operating profit | £2,619,740 | £2,560,560 | £2,338,367 | -8.7% | |
| Profit before tax | £3,204,127 | £3,369,368 | £2,900,310 | -13.9% | |
| Net profit | £2,335,188 | £2,401,692 | £2,136,395 | -11% | |
| Cash | £20,044,984 | £13,719,487 | £15,011,025 | +9.4% | |
| Total assets less current liabilities | £46,015,545 | £38,767,548 | £41,090,768 | +6% | |
| Net assets | £43,532,892 | £35,996,409 | £38,589,508 | +7.2% | |
| Equity | £43,532,892 | £35,996,409 | £38,589,508 | +7.2% | |
| Average employees | 271 | 267 | 263 | -1.5% | |
| Wages | £7,292,796 | £7,676,073 | £7,659,774 | -0.2% | |
| Directors' remuneration | £751,571 | £984,333 | £892,729 | -9.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-24 | 2025-03-01 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | 9.4% | 9.0% | 8.4% | |
| Net margin | 8.3% | 8.4% | 7.7% | |
| Return on capital employed | 5.7% | 6.6% | 5.7% | |
| Gearing (liabilities / total assets) | — | 23.7% | 20.3% | |
| Current ratio | 3.02x | 2.19x | 2.62x | |
| Interest cover | 23.22x | 17.22x | 22.90x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Larking Gowen LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on this, the Directors have concluded that they have a strong expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future and at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLASSWELL, Fiona Jane | Director | 2010-01-01 | Nov 1957 | British |
| GLASSWELL, Paul Jeremy | Director | — | Apr 1958 | British |
| ROBERTSON, Kevin William | Director | 2010-01-01 | Jun 1967 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GLASSWELL, Terry | Secretary | — | 2011-09-09 |
| BALL, Richard John | Director | 2012-05-02 | 2018-09-19 |
| BLOWERS, Malcolm George | Director | 1990-12-21 | 2000-12-01 |
| GLASSWELL, Heather June | Director | — | 2025-04-24 |
| GLASSWELL, Leslie Thomas | Director | — | 2011-11-26 |
| GLASSWELL, Terry | Director | 2011-12-21 | 2013-06-30 |
| GLASSWELL, Terry | Director | — | 2011-09-09 |
| HAWKINS, Robert David | Director | 2002-03-03 | 2015-08-15 |
| REARDON, Peggy Edith | Director | — | 2021-10-15 |
| REARDON, Timothy Francis | Director | — | 2000-03-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glasswell Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-10-29 | Active |
| Mr Paul Jeremy Glasswell | Individual | Shares 25–50%, Shares 75–100% (as trust) | 2016-04-06 | Ceased 2024-10-29 |
Filing timeline
Last 20 of 157 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-26 | AA | accounts | Accounts with accounts type full | |
| 2025-11-17 | AA | accounts | Accounts with accounts type full | |
| 2025-10-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-10-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-11-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-11-19 | AA | accounts | Accounts with accounts type full | |
| 2024-09-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-03 | AA | accounts | Accounts with accounts type full | |
| 2023-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-09-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-08-30 | AA | accounts | Accounts with accounts type full | |
| 2021-12-16 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-11-24 | AA | accounts | Accounts with accounts type full | |
| 2021-02-26 | SH01 | capital | Capital allotment shares | |
| 2021-02-04 | AA | accounts | Accounts with accounts type full | |
| 2020-12-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-12-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-08-21 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.