GLOW FINANCIAL SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-25 (in 2mo)
Last made up 2025-07-11
Watchouts
None on the register
Cash
£20M
-30.1% vs 2023
Net assets
-£17M
-78.9% lowest in 4 filed years
Employees
59
+20.4% highest in 4 filed years
Profit before tax
-£8M
-3% vs 2023
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £12,963,493 | £20,309,500 | |
| Operating profit | — | — | — | — | -£2,729,491 | -£452,775 | |
| Profit before tax | — | — | — | — | -£7,489,531 | -£7,714,236 | |
| Net profit | — | — | £37,331 | £789,071 | -£7,489,759 | -£7,714,590 | |
| Cash | — | — | £415,547 | £3,070,634 | £28,105,947 | £19,651,687 | |
| Total assets less current liabilities | — | — | -£227,252 | £561,819 | £133,741,325 | £119,731,319 | |
| Net assets | — | — | — | — | -£9,779,172 | -£17,493,762 | |
| Equity | -£239,855 | -£264,583 | -£227,252 | £561,819 | -£9,779,172 | -£17,493,762 | |
| Average employees | — | — | 3 | 10 | 49 | 59 | |
| Wages | — | — | — | — | £4,746,073 | £7,467,686 | |
| Directors' remuneration | — | — | — | — | £969,718 | £914,461 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+56.7%
£12,963,493 £20,309,500
-
Cash
-30.1%
£28,105,947 £19,651,687
-
Net assets
-78.9%
-£9,779,172 -£17,493,762
-
Employees
+20.4%
49 59
highest in 4 filed years
-
Operating profit
+83.4%
-£2,729,491 -£452,775
-
Profit before tax
-3%
-£7,489,531 -£7,714,236
-
Wages
+57.3%
£4,746,073 £7,467,686
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | -21.1% | -2.2% | |
| Net margin | — | — | — | — | -57.8% | -38.0% | |
| Return on capital employed | — | — | — | — | -2.0% | -0.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 106.2% | 110.8% | |
| Current ratio | — | — | — | — | 6.45x | 3.72x | |
| Interest cover | — | — | — | — | -0.44x | -0.05x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“When considering the UK Glow Entities' business plan projections and giving due consideration to the factors set out above, the directors affirm the UK Glow Entities' ability to continue as a going concern for at least, but not limited to, twelve months from the date of issue of these financial statements.”
Group structure
- GLOW FINANCIAL SERVICES LIMITED · parent
- Tristar Receivables Limited
- Busby Receivables Limited
Significant events
- “On 29 January 2025, Tristar Receivables Limited ('Tristar') transferred its assets to Busby Receivables Limited, a company under common control. It is the UK Glow Entities' plan to appoint liquidators for Tristar Receivables Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLE, Andrew James | Secretary | 2014-07-11 | — | — |
| COLE, Andrew James | Director | 2014-07-11 | Oct 1966 | British |
| KARANTZOULIS, Kosta | Director | 2022-04-12 | Jul 1973 | Canadian |
| ROSS, Christiaan | Director | 2022-04-12 | Jul 1977 | American |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HILLMAN, Julia | Director | 2022-04-12 | 2022-09-29 |
| MARCH, Christopher Rhys | Director | 2022-04-12 | 2025-05-08 |
| WADESON, Leslie | Director | 2022-04-12 | 2025-05-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew James Cole | Individual | Shares 25–50%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-11-21 MA Memorandum articles
- 2023-11-20 RESOLUTIONS Resolution
- 2023-11-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-10 | AA | accounts | Accounts with accounts type group | |
| 2025-08-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-26 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-31 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-12-17 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-10-03 | AA | accounts | Accounts with accounts type small | |
| 2024-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-21 | MA | incorporation | Memorandum articles | |
| 2023-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-10-10 | AA | accounts | Accounts with accounts type total exemption full | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-01 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-02-28 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-02-24 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-12-23 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.