Company Overview
Glen Electric Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 24 August 1973, so this is a well established company. Glen Electric Limited has been in business for 52 years and 7 months. The accounts status is group and the accounts are next due on Tuesday 30 June 2026.
Registered Address

Rampart Road, Greenbank Industrial Estate, Warrenpoint Road Newry, Co Down, BT34 2QU
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Companies House Data
Company NameGLEN ELECTRIC LIMITED
Company NumberNI009677
Registered Office AddressRampart Road
 Greenbank Industrial Estate
 BT34 2QU
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date24/08/1973
Accounting Reference Date Day30
Accounting Reference Date Month9
Accounts Next Due Date30/06/2026
Accounts Last Made Up Date30/09/2024
Accounts Account CategoryGROUP
Returns Next Due Date18/12/2016
Returns Last Made Up Date20/11/2015
Directors & Members
Show Resigned
Yvonne Burke - Director
(Irish, 49 years old, born August 1977)
Appointed 01 October 2021
 Active
Fergal Naughton - Director
(Irish, 51 years old, born August 1975)
Appointed 12 April 2016
 Active
Neil Naughton - Director
(Irish, 57 years old, born December 1969)
Appointed 01 April 2025
 Active
Secretaries
Show Resigned
Yvonne Burke - Secretary
Appointed 01 April 2025
 Active
Other Company Directorships
Yvonne Burke
ABILITY PROJECTS LIMITED
APPLIED ENERGY PRODUCTS LTD
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BELLING APPLIANCES LIMITED.
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GLEN DIMPLEX NI LIMITED
GLEN DIMPLEX UK LIMITED
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MORPHY RICHARDS LIMITED
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PRECIS (521) LIMITED
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ROBERTS RADIO LIMITED
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SSE AIRTRICITY ENERGY SERVICES (NI) LIMITED
SSE AIRTRICITY ENERGY SUPPLY (NI) LIMITED
SSE AIRTRICITY GAS (NI) LIMITED
SSE AIRTRICITY GAS SUPPLY (NI) LIMITED
SSE RENEWABLES SERVICES (UK) LIMITED
STOVES GROUP LTD
Fergal Naughton
No companies found
Neil Naughton
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Sep-2024 31-Mar-2015 31-Mar-2014
Balance Sheet
Fixed Assets 139,156,000 139,156,000 144,657,000
Current Assets 519,320,000 519,320,000 540,500,000
Creditors Due Within One Year 177,307,000 177,307,000 203,849,000
Working Cap 342,013,000 342,013,000 336,651,000
Total Assets Less Current Liabilities 481,169,000 481,169,000 481,308,000
Long-term Liabilities 147,872,000 147,872,000 151,669,000
Net Assets 333,297,000 333,297,000 329,639,000
Share Capital & Reserves
Share Cap 536,000 536,000 536,000
Profit & Loss Reserves 330,540,000 330,540,000 326,602,000
Other Reserves 2,221,000 2,221,000 2,501,000
Shareholders Funds 333,297,000 333,297,000 329,639,000
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2024 31-Mar-2015 31-Mar-2014
Tangible Fixed Assets - - -
Fixed Assets 21.1% 21.1% 21.1%
Stocks Inventory 25.1% 25.1% 25.3%
Debtors 19.1% 19.1% 19.7%
Cash Bank In Hand 31.1% 31.1% 31.8%
Current Assets 78.9% 78.9% 78.9%
Creditors Due Within One Year 26.9% 26.9% 29.8%
Net Current Assets Liabilities 51.9% 51.9% 49.1%
Creditors Due After One Year 22.5% 22.5% 22.1%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 50.6% 50.6% 48.1%
Called Up Share Capital 0.1% 0.1% 0.1%
Share Capital Allotted Called Up Paid 0.1% 0.1% 0.1%
Profit Loss Account Reserve 50.2% 50.2% 47.7%
Shareholder Funds 50.6% 50.6% 48.1%
Capital Employed - - -
Total Assets Less Current Liabilities 73.1% 73.1% 70.2%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2024 31-Mar-2015 31-Mar-2014
Liquidity Ratio 2.9 2.9 2.7
Solvency Ratio 2.0 2.0 1.9
Reserves to Assets 0.5 0.5 0.5
Secured Creditors Unlock full report
Mortgages Charges 11
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 11
Assets and Debt Analysis Unlock full report
Accounts Date 30-Sep-2024 31-Mar-2015 31-Mar-2014
Assets 658,476,000 658,476,000 685,157,000
Debt 325,179,000 325,179,000 355,518,000
Net Assets/Debt 333,297,000 333,297,000 329,639,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the substantial net assets of a large company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the substantial net assets of a large company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the substantial net assets of a large company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 8 December 2025 with no updates
Termination of appointment of Fergal James Leamy as a director on 31 March 2025
Appointment of Ms Yvonne Burke as a secretary on 1 April 2025
Termination of appointment of Fergal Naughton as a secretary on 31 March 2025
Appointment of Mr Neil Naughton as a director on 1 April 2025
Confirmation statement made on 8 December 2024 with no updates
Director's details changed for Ms Yvonne Burke on 13 February 2024
Confirmation statement made on 8 December 2023 with updates
Purchase of own shares.
Purchase of own shares.
Cancellation of shares. Statement of capital on 29 August 2023
Resolutions
Resolutions
Director's details changed for Mr Fergal Naughton on 24 August 2023
Confirmation statement made on 8 December 2022 with no updates
Confirmation statement made on 8 December 2021 with no updates
Appointment of Ms Yvonne Burke as a director on 1 October 2021
Termination of appointment of Donal Francis Flynn as a director on 1 October 2021
Appointment of Mr Fergal Leamy as a director on 20 August 2021
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