Brownhills Glass Company Limited

Brownhills Glass Company Limited, based in Walsall, UK, is a sizable, active company established 44 years ago. Employing 54 people, it holds assets worth £17.5 million and generates £8.9 million in yearly revenue. The company operates as a holding company with a real address and is overseen by two directors and three owners. It boasts an impressive Google rating of 5.0 based on 100 reviews and is a regular importer of glass and glassware, with 78 months of import activity recorded.

The company's website highlights its expertise in glass manufacturing, production, and distribution, offering a wide range of products and services, including architectural glass, processed glass, and interior design solutions. It even has a dedicated app for ordering stock glass, streamlining the purchasing process. The website also advertises a trade counter with specific opening times and emphasizes quality assurance.

Financially, Brownhills Glass shows some concerning trends. While turnover increased slightly to £9 million, net assets decreased by 10% to £5 million. Cash reserves dropped by a significant 90% to just £5,600. Bank borrowings increased by 24% to £450,000, and administrative expenses rose by 19% to £3.2 million. Despite these challenges, creditors decreased by 14%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover over £36 million and balance sheet total over £18 million. The audit firm, PKF Smith Cooper Audit Limited, conducted the audit.

Overall, Brownhills Glass appears to be navigating a period of financial pressure, despite its strong market position and positive customer reviews. The decrease in cash reserves and increase in borrowings are particularly noteworthy, and the company will need to carefully manage its expenses and working capital to maintain its financial health.

Registered in England/Wales under the registration number 01498182, with a registered address at WS9 8UZ, Walsall, West Midlands, Beecham Close, Aldridge.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.