GLAS-WELD SYSTEMS (UK) LIMITED
Company number 02331028 · Monitor this company
Executive summary
Glas-Weld Systems (UK) Limited presents a mixed credit profile. The 36-year-old business is profitable (£142,878 in FY2025) and carries moderate leverage, but a material prior year adjustment of £444,651 undermines confidence in historical financial reporting, while cash has collapsed by 92% to just £6,510 despite reported profits and dividend extraction. The concentration of 96% of current assets in debtors — which grew 74% year-on-year — creates significant liquidity and collection risk. A conditional approval is warranted, requiring full explanation of the prior year adjustment, debtor ageing confirmation, and restrictions on further dividend payments until cash reserves are rebuilt.
Shareholders' funds
£538,325
Balance sheet as at 2025-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1988-12-23
- Employees
- 9 (2025 accounts · was 10 in 2024)
- Registered office
- Kingston House, Waterside Court, Neptune Way, Medway City Estate, Rochester, Kent, ME2 4NZ
- Postcode
- ME2 4NZ
- Capital
- 100 GBP
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-03-31
- Next due by
- 2026-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2025-12-31
- Next due by
- 2027-01-14
Nature of business (SIC)
- 45200 Maintenance and repair of motor vehicles
Officers 3 current · 1 resigned
Group structure
Controlled by GLAS-WELD HOLDINGS LIMITED — since 2020-10-08
From persons-with-significant-control filings on the public register.
Previous registered addresses 3
| Address | Changed on |
|---|---|
| CARLOTTA HOUSE, 196 PARROCK STREET, GRAVESEND, KENT DA12 1EW | 2007-11-15 |
| SUITE K, BARTON MILL HOUSE, BARTON MILL ROAD, CANTERBURY, KENT CT1 1BP | 1990-03-09 |
| SUITE K, BARTON MILL HOUSE, BARTON MILL ROAD, CANTERBURY, KENT CT1 1BP | 1990-03-09 |
Among its peers
Top 5%
by shareholders' funds, of 381 similar companies in ME
Among the biggest employers among its local peers (9 staff).
Among the oldest 25% of its local peers, trading since 1988.
No.11 of the largest maintenance and repair of motor vehicles companies in Maidstone →
Competitors Maidstone
This company ranks 11 among maintenance and repair of motor vehicles in Maidstone.
The class of 1988
51%
of the 20,916 companies incorporated in 1988 are still active today; 43% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 2 titles
- Leasehold
- 2
- Most recent registration
- 2009-05-29
- Where
- Medway (2)
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| K954886 | Medway | Leasehold | 2009-05-29 | — |
| K921213 | Medway | Leasehold | 2007-05-11 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.