Compass Glass Limited

Compass Glass Ltd, based in London, UK, is a small, active company established 34 years ago. With 16 employees and £821,636 in assets, it’s a long-standing business founded by a solo entrepreneur. The company operates from a virtual address, sharing space with 76 other businesses, and is led by one director and owner. It’s an irregular importer, primarily dealing with iron or steel products, with its last import operation occurring one month ago.

The company specializes in structural glazing solutions, offering bespoke designs and incorporating the innovative Sunvista sliding door system. Its website showcases impressive projects, including high-tech developments like Cowdown Farm and thermally efficient extensions at Bratton Hill House. Compass Glass also provides roof lights and frameless glass structures, catering to architects and developers seeking high-quality glazing solutions. The Sunvista system, manufactured in southwest London, is a key differentiator, offering minimally framed sliding doors suitable for various building types.

Financially, Compass Glass Ltd presents a mixed picture. Current assets have decreased by 11% to £820,000, while net assets have increased by 44% to £240,000. Bank borrowings have surged by 86% to £100,000, and cash reserves have plummeted 100% to just £7. Creditors have also decreased by 16%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the dramatic cash drop is a concern. As a small company, it’s exempt from an audit, relying on unaudited financial statements. The increase in bank borrowings suggests the company may be investing in growth or facing short-term cash flow challenges.

Registered in England/Wales under the registration number 02584174, with a registered address at EC1M 6BB, United Kingdom, London, 1-2 Charterhouse Mews.

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