GLASS FUTURES LTD

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

• Turnover

  +64.4%

  £7,223,468 → £11,876,409

• Cash

  -29.4%

  £1,857,836 → £1,312,263

• Net assets

  +21.3%

  £2,292,755 → £2,780,752

• Employees

  +10.2%

  49 → 54

• Operating profit

  -65%

  £205,842 → £72,029

• Profit before tax

  -69.4%

  £214,169 → £65,573

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

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.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BHP LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the Directors have a reasonable expectation that the Company possesses sufficient resources to maintain operations for the foreseeable future. Accordingly, they continue to adopt the going concern basis in the preparation of the financial statements.”

Significant events

• “Glass Futures experimental combustion testbed facility, previously in Brinsworth, was relocated to the St Helens site during the year. Following installation, further hydrogen-fired process trials across the ceramics and steel sectors were successfully carried out.”
• “Significant development work was undertaken to establish the pilot line, including: Construction of the steelwork frame for the furnace; Furnace refractories installed; Installation of gas lines; Pipe bridge to the abatement plant erected; Cooling system installation; Delivery and setup of control panels and systems; Delivery and installation of the roll plate machine, lehr, and crusher; Activation of the hydrogen compound; Installation of the liquid oxygen system; Delivery and installation of the main low-voltage board; Substantial completion of the flat glass line and container glass line”
• “Expansion of activities beyond the pilot line continued, including: Large-scale international circular economy projects with brand members; Successful industrial fuel switching demonstrations at several UK Members' sites; Research into smaller-scale industrial processes to support a future project pipeline”
• “During the year Founder and CEO Richard Katz advised he wished to step down as Chief Executive and, following a comprehensive search, Justin Kelly was appointed Chief Executive. Richard Katz was appointed President and continues involvement with the Company.”
• “Following the year end, the principal Pilot Plant was lit for the first time in a formal ceremony by Steve Rotheram, Metro Mayor of the Liverpool City Region Combined Authority.”
• “Glass Futures was also honoured by a visit from the UK Prime Minister, Sir Keir Starmer KCP KC MP with live TV coverage on both the BBC and Sky News. Additionally, the Company was delighted to host Sarah Jones MP, Minister of State for Industry across both the Department for Energy Security and Net Zero, and the Department for Business and Trade.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.