DRAGONGLASS BIDCO LTD
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Cash
£1.5M
-35.6% lowest in 3 filed years
Net assets
£35M
+2.8% highest in 3 filed years
Employees
51
-26.1% lowest in 3 filed years
Profit before tax
£1.2M
-19.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The bank loan is going to mature in March 2027 and at the time of signing these accounts there is no legally binding obligation on the lenders to extend the maturity. However, the Directors are confident that they will refinance the bank loan on similar terms due to the Company's long-term relationship with the bank. This creates a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £16,846,895 | £11,169,376 | £11,170,098 | 0% | |
| Operating profit | £3,848,432 | £2,668,918 | £2,610,384 | -2.2% | |
| Profit before tax | £14,560,511 | £1,551,938 | £1,248,009 | -19.6% | |
| Net profit | £14,053,792 | £1,116,119 | £966,401 | -13.4% | |
| Cash | £1,906,978 | £2,343,974 | £1,510,688 | -35.6% | |
| Total assets less current liabilities | £56,368,234 | £42,430,343 | £67,242,158 | +58.5% | |
| Net assets | £33,145,409 | £34,261,528 | £35,227,929 | +2.8% | |
| Equity | £33,145,409 | £34,261,528 | £35,227,929 | +2.8% | |
| Average employees | 124 | 69 | 51 | -26.1% | |
| Wages | £2,156,616 | £1,082,883 | £1,104,706 | +2% | |
| Directors' remuneration | £0 | £0 | — | — |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 22.8% | 23.9% | 23.4% | |
| Net margin | 83.4% | 10.0% | 8.7% | |
| Return on capital employed | 6.8% | 6.3% | 3.9% | |
| Current ratio | 10.09x | 1.11x | 13.26x | |
| Interest cover | 1.21x | 1.57x | 1.25x |
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
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The bank loan is going to mature in March 2027 and at the time of signing these accounts there is no legally binding obligation on the lenders to extend the maturity. However, the Directors are confident that they will refinance the bank loan on similar terms due to the Company's long-term relationship with the bank. This creates a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern.”
Group structure
- DRAGONGLASS BIDCO LTD · parent
- Dragonglass Stakis SPE Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MSP CORPORATE SERVICES LIMITED | Corporate Secretary | 2023-06-01 | — | — |
| CHADWICK, Nicholas Mark | Director | 2018-01-24 | Nov 1981 | British |
| TOLLEY, Thomas Mark | Director | 2018-01-24 | Jul 1978 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LONDON REGISTRARS LTD | Corporate Secretary | 2018-01-24 | 2023-06-01 |
| BROUGHTON, Sarah | Director | 2018-01-24 | 2020-10-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Barry Sternlicht | Individual | Significant influence | 2018-01-24 | Active |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-19 | AA | accounts | Accounts with accounts type group | |
| 2026-01-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-22 | AA | accounts | Accounts with accounts type group | |
| 2025-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | AA | accounts | Accounts with accounts type group | |
| 2024-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-27 | AA | accounts | Accounts with accounts type group | |
| 2023-08-21 | MR04 | mortgage | Mortgage satisfy charge part | |
| 2023-08-21 | MR04 | mortgage | Mortgage satisfy charge part | |
| 2023-08-21 | MR04 | mortgage | Mortgage satisfy charge part | |
| 2023-06-14 | AD02 | address | Change sail address company with old address new address | |
| 2023-06-05 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2023-06-05 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-05-23 | CH01 | officers | Change person director company with change date | |
| 2023-05-23 | CH01 | officers | Change person director company with change date | |
| 2023-05-02 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-03-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-31 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-08-16 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.