Glas Trustees Limited
Registered name: GLAS TRUSTEES LIMITED
Part of Unicorn Topco Limited groupGlas Trustees Limited made £1.7m revenue and £1.4m profit in the year to 31 Dec 2025.
Glas Trustees Limited’s revenue grew 9% to £1.7m in the year to 31 Dec 2025, with £1.4m profit and 0 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 13 yrs · since 2013
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Global Loan Agency Services Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.6m | £1.7m |
| Cost of sales | £0 | −£2k |
| Gross profit | £1.6m | £1.8m |
| Operating profit | £721k | £1.3m |
| Profit before tax | £726k | £1.4m |
| Profit after tax | £726k | £1.4m |
| Profit (best available) | £726k | £1.4m |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 45.3% | 77.3% |
| Gross margin | 100% | 100.1% |
| Growth (year on year) | ||
| Revenue growth | — | ▲9.2% |
| Profit growth | — | ▲86.3% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £650k | £876k |
| Net assets | £1.3m | £854k |
| Fixed assets | £1 | £1 |
| Current assets | £2.1m | £2.4m |
| Debtors | £566k | £702k |
| Deferred income | £562k | £639k |
| Source | FullAccounts · bulk data Sep 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 77.3%
- Profit ÷ revenue.
- Gross margin
- 100.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 36.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 40.1%
- 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
- ▼34%
- Now £854k
- Cash at bank
- ▲35%
- Now £876k
- Headcount
- —
- Now 0
- Deferred income
- ▲14%
- Now £639k
- Fixed assets
- 0%
- Now £1
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Unicorn Topco Limitedultimate parent75–100%
- Unicorn Midco 1 Limited75–100%
- Unicorn Midco 2 Limited75–100%
- Unicorn Bidco Limited75–100%
- Glas Holdings Limited75–100%
- Global Loan Agency Services Limited75–100%
- Glas Trustees Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (3)
- Glas Trust Corporation LimitedRev. £8.4m · Profit £6.7m
- Glas Specialist Services LimitedRev. £4.3m · Profit £3.5m
- Glas NO.1 LLPFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £1.4m), from the Companies House accounts bulk data published Sep 2026. 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.