Float Glass Industries Limited

Float Glass Industries Ltd from Manchester UK is a large, active company founded seven years ago. Employing 122 people and operating from a real address, it’s overseen by four directors and two owners, boasting a solid 4.0 Google rating based on 28 reviews. The company regularly imports cork and cork products, with recent activity recorded five months ago.

The company’s website, floatglass.co.uk, reveals a focus on glass merchant services, interior glass solutions, and specialized Everseal IG units. It operates as a supplier to the curtain walling and window glazing industry, offering a range of products from single supply and laminated glass to specialized interior glass solutions. The site also promotes its expertise in glass distribution, processing, and toughening, highlighting its commitment to quality and customer service.

Financially, Float Glass Industries Ltd shows a mixed picture. While turnover remained stable, net assets decreased by 18%, dropping to £680,000. Bank borrowings increased significantly by 2,400%, reaching £29,000, and cash reserves fell 15% to £48,000. Creditors decreased by 8%, suggesting better debt management, but the decline in net assets is a cause for concern. The company meets the criteria for a large company, with turnover exceeding £36 million and a balance sheet total above £18 million, but the rising debt levels need to be monitored. The company’s unaudited financial statements, prepared by Azets Audit Services, don’t mention any significant changes in accounting policies.

Overall, Float Glass Industries Ltd appears to be navigating a challenging economic climate. While its core business remains active and well-regarded, the rising debt levels and declining net assets suggest a need for careful financial management.

Registered in England/Wales under the registration number 11103300, with a registered address at M23 9QA, England, Manchester, Float Glass House, Floats Road.

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