European Glass Group Limited
Registered name: EUROPEAN GLASS GROUP LIMITED
European Glass Group Limited made £10m revenue and £172k profit in the year to 30 Apr 2024.
European Glass Group Limited’s revenue fell 4% to £10m in the year to 30 Apr 2024, with £172k profit and 97 employees. The company is classified under “other business support service activities” and is based in Park Royal; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Park Royal, London
- Age
- 27 yrs · since 1998
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £10m | £10.5m | £10m |
| Cost of sales | £2.9m | £3.4m | £2.7m |
| Gross profit | £7.1m | £7.1m | £7.4m |
| Operating profit | £1.3m | £692k | £243k |
| Profit before tax | £1.1m | £446k | £164k |
| Profit after tax | £805k | £21k | £172k |
| Profit (best available) | £805k | £21k | £172k |
| Staff costs | £2.7m | £2.5m | £2.6m |
| Employees (average) | 117 | 102 | 97 |
| Ratios | |||
| Profit margin | 8% | 0.2% | 1.7% |
| Gross margin | 71.1% | 67.8% | 73.6% |
| Revenue per employee | £85.8k | £103k | £103k |
| Profit per employee | £6.9k | £206 | £1.8k |
| Cash conversion | 158.5% | 302.9% | −902.5% |
| Growth (year on year) | |||
| Revenue growth | — | ▲4.5% | ▼4.4% |
| Profit growth | — | ▼97.4% | ▲716.1% |
| Headcount growth | — | ▼12.8% | ▼4.9% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £5.5m | £3.8m | £1.2m |
| Net assets | £27.2m | £27.3m | £42.8m |
| Fixed assets | £33m | £32.3m | £50.5m |
| Current assets | £8.8m | £6.5m | £7.1m |
| Debtors | £1m | £1.1m | £603k |
| Cash from operations | £2m | £2.1m | −£2.2m |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2025 |
How the business works
- Profit margin
- 1.7%
- Profit ÷ revenue.
- Gross margin
- 73.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £103k
- Revenue ÷ average employees.
- Profit per employee
- £1.8k
- Profit ÷ average employees.
- Cash conversion
- −902.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 503.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 6%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲57%
- Now £42.8m
- Cash at bank
- ▼69%
- Now £1.2m
- Headcount
- ▼5%
- Now 97
- Deferred income
- —
- Now —
- Fixed assets
- ▲57%
- Now £50.5m
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2024 (profit £172k), from the Companies House accounts bulk data published Apr 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.