Glass Pharms Ltd

Glass Pharms Ltd, based in Richmond, UK, is a small holding company with an active status, established four years ago. Employing five people, the company holds £5,176,363 in assets and operates from a real address. Led by three directors and one owner, Glass Pharms is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – its last import operation occurred in August 2024.

The company’s website reveals a fascinating and specialized business: cultivating cannabis for medicinal use in the UK. Glass Pharms boasts a patent-pending continuous cultivation system that uses 40% less power than traditional methods, achieving carbon-negative operations through renewable energy and recycled rainwater. It's the first UK commercial grower of HighTHC cannabis flower for third-party production of cannabis-based medicines, and the website emphasizes its clinician-led approach, precision chemotypes, and British-made packaging. The company even has a showroom in Harrods, London.

Financially, Glass Pharms Ltd presents a mixed picture. Creditors have increased significantly, rising by 130%, while cash reserves have also jumped by 20% to £2,000,000. Trade debtors have increased dramatically, ballooning by 400%, suggesting a reliance on customer payments. Despite this, net assets have decreased by 140% to -£1,400,000, and bank borrowings have surged by 130% to £6,600,000. 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 agility, but the substantial equity decline warrants attention. As a small company, Glass Pharms is exempt from an audit, and the figures are unaudited. The increase in borrowings and decrease in equity suggest the company is burning through money, but the increase in assets and cash reserves indicates a recent influx of capital.

Registered in England/Wales under the registration number 13049148, with a registered address at TW9 1HP, England, Richmond, Surrey, 9 Duke Street.

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