GLASS FUTURES LTD
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Cash
£453k
-65.5% lowest in 3 filed years
Net assets
£960k
-65.5% lowest in 3 filed years
Employees
66
+22.2% highest in 3 filed years
Profit before tax
-£1.8m
-421% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £7,223,468 | £11,876,409 | £8,967,830 | -24.5% | |
| Operating profit | £205,842 | £577,663 | -£1,731,326 | -399.7% | |
| Profit before tax | £214,169 | £571,207 | -£1,833,781 | -421% | |
| Net profit | £443,790 | £487,997 | -£1,820,852 | -473.1% | |
| Cash | £1,857,836 | £1,312,263 | £452,687 | -65.5% | |
| Total assets less current liabilities | £19,197,428 | £28,265,920 | £29,146,256 | +3.1% | |
| Net assets | £2,292,755 | £2,780,752 | £959,900 | -65.5% | |
| Equity | £2,292,755 | £2,780,752 | £959,900 | -65.5% | |
| Average employees | 49 | 54 | 66 | +22.2% | |
| Wages | — | £3,059,443 | £3,106,910 | +1.6% | |
| Directors' remuneration | £112,281 | £122,800 | £191,286 | +55.8% | |
| Directors' pension contributions | — | — | £5,145 | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-02-29 | 2025-02-28 | 2026-02-28 |
|---|---|---|---|---|
| Operating margin | 2.8% | 4.9% | -19.3% | |
| Net margin | 6.1% | 4.1% | -20.3% | |
| Return on capital employed | 1.1% | 2.0% | -5.9% | |
| Gearing (liabilities / total assets) | 91.3% | 93.3% | 97.7% | |
| Current ratio | 0.92x | 0.74x | 0.45x | |
| Interest cover | — | 23.65x | -15.23x |
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
- Standalone (parent only)
- Auditor
- Hurst Accountants Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these forecasts, the Directors are satisfied that the Company has sufficient resources to meet its liabilities as they fall due and to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.”
Significant events
- “Subsequent to the year end, the company secured a £4m loan facility from Innovate UK, drawable over a two-year period, to support the transition of the company from a Research and Technology Organisation model to a more commercially viable operating structure.”
- “Following the successful completion of the first operational campaign after the reporting date, the company's experimental furnace was drained to allow for modifications and preparatory works ahead of the second campaign planned for later in the year to February 2027.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CURRY, Adrian Thomas | Director | 2019-12-19 | Sep 1971 | British |
| DALTON, David Alan | Director | 2021-09-01 | Dec 1961 | British |
| HOLLANDER, Anthony Peter, Professor | Director | 2023-02-15 | Feb 1964 | British |
| HOUGHTON, Michael Anthony | Director | 2024-06-25 | Sep 1968 | British |
| KATZ, Richard Anthony Eric | Director | 2016-02-12 | Mar 1946 | British |
| KELLY, Justin, Mr. | Director | 2025-07-10 | Jan 1972 | British |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COLES, Kevin Alan | Director | 2019-12-13 | 2023-07-22 |
| CUI, Yan | Director | 2019-12-13 | 2022-06-23 |
| DAVIS, Sheldon | Director | 2019-12-13 | 2023-12-31 |
| HIGHAM, Mark Edward | Director | 2023-02-15 | 2024-06-25 |
| HULME, Richard, Dr | Director | 2023-12-31 | 2024-08-26 |
| IVORRA, Jose Miguel | Director | 2024-08-26 | 2026-01-13 |
| JIMACK, Peter Kane, Dr | Director | 2019-12-13 | 2023-02-01 |
| MCMILLAN, Brian Williams | Director | 2019-12-13 | 2024-07-31 |
| MURPHY, Sean Michael | Director | 2023-12-31 | 2026-09-24 |
| VALETTE, Ludovic | Director | 2019-12-13 | 2025-07-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Adrian Thomas Curry | Individual | Voting 25–50%, Appoints directors, Appoints directors (as firm) | 2026-05-26 | Active |
| Mr Justin Kelly | Individual | Voting 25–50%, Appoints directors, Appoints directors (as firm) | 2026-05-21 | Active |
| Mr Brian Williams Mcmillan | Individual | Voting 25–50%, Appoints directors, Appoints directors (as firm) | 2022-11-24 | Ceased 2026-05-21 |
| Dr Graham Stewart Hillier | Individual | Voting 25–50%, Appoints directors, Appoints directors (as firm) | 2022-11-22 | Ceased 2025-12-31 |
| Mr Richard Anthony Eric Katz | Individual | Voting 25–50%, Appoints directors, Appoints directors (as firm) | 2016-04-06 | Active |
Filing timeline
Last 20 of 60 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2026-09-21 | AA | accounts | Accounts with accounts type full | |
| 2026-05-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-05-26 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-05-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-05-21 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-04-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-01 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2026-03-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-03 | AA | accounts | Accounts with accounts type full | |
| 2025-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-10 | CH01 | officers | Change person director company with change date | |
| 2025-03-28 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-03-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-02-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type small |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- 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.