{"name":"GLAS-WELD SYSTEMS (UK) LIMITED","company_number":"02331028","status":"Active","type":"Private Limited Company","incorporated":"1988-12-23","dissolved":null,"registered_office":"Kingston House, Waterside Court, Neptune Way, Medway City Estate, Rochester, Kent, ME2 4NZ","postcode":"ME2 4NZ","sic_codes":[{"code":45200,"description":"Maintenance and repair of motor vehicles"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 March","last_made_up_to":"2025-03-31","next_due":"2026-12-31"},"employees":{"count":9,"accounts_date":"2025-03-31"},"financials":[{"financial_date":"2025-03-31","profit_loss":142878,"net_assets":538325,"cash":6510,"average_employees":9},{"financial_date":"2024-03-31","net_assets":475173,"cash":79843,"average_employees":10},{"financial_date":"2023-03-31","net_assets":785316,"cash":59550},{"financial_date":"2022-03-31","net_assets":651622,"cash":15628},{"financial_date":"2021-03-31","net_assets":511552,"cash":20072}],"officers":{"current":3,"resigned":1,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/glas-weld-systems-(uk)","people":"https://www.companiesintheuk.co.uk/company/glas-weld-systems-(uk)/people","filing_history":"https://www.companiesintheuk.co.uk/company/glas-weld-systems-(uk)/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/02331028","financials":"https://www.companiesintheuk.co.uk/company/glas-weld-systems-(uk)/financial","control":"https://www.companiesintheuk.co.uk/company/glas-weld-systems-(uk)/control","charges":"https://www.companiesintheuk.co.uk/company/glas-weld-systems-(uk)/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/glas-weld-systems-(uk)/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/glas-weld-systems-(uk)"}