Glassex Limited

Glassex Ltd, based in Waltham Abbey, UK, is a small, holding company with an active status, celebrating 44 years in business. Employing 20 people, the company holds assets worth £4,757,255. With three directors and a single owner, Glassex operates from a real address and has a long history of importing glass and glassware (96 months), though exporting has been irregular (2 months).

The company’s website paints a picture of a well-established wholesale glass merchant serving the southeast of England. Founded in 1981, Glassex boasts extensive stocks of various glass types, including float, laminated, and fire glass, and offers next-day delivery via its own fleet of vehicles. It sources glass from European manufacturers like AGC and Pilkington, as well as importing from around the world. The website details warehousing capabilities, including a 25,000 square foot facility with an overhead crane and electronic racking system, catering to diverse customer needs with vehicles ranging from vans to crane lorries.

Financially, Glassex Ltd presents a mixed picture. While cash reserves have increased significantly by 46% to £2,500,000, net losses have widened. Trade debtors have decreased slightly, suggesting improved collection efforts. However, other creditors have risen dramatically, increasing by 1800% to £320,000, and bank borrowings have also increased. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the increase in liabilities warrants attention. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements. The company’s average number of employees has increased by 15% to 23.

Registered in England/Wales under the registration number 01549111, with a registered address at EN9 1AS, England, Waltham Abbey, Unit 1 Io Centre, Lea Road.

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