Established independent glass distribution, processing and commercial insulating glass manufacturer. £13.6m turnover, c.£1.9m tangible assets, no customer above 10% of revenue. Fully invested plant. Sale of 100% of the share capital.
An established UK business combining glass merchanting, processing and commercial insulating glass manufacture in a single operation. Turnover was £13.6m in the year to 31 December 2025, with gross margins held between 25% and 29% across the last four years.
The Company sources and stocks float, coated and specialist glass, cuts and edge-processes, toughens and laminates, and manufactures high-performance double and triple glazed commercial insulating glass units for curtain walling, window and façade customers. Commercial insulating glass accounted for 69% of last year's revenue. Trading roots in the glass industry run back more than 125 years.
Processing capability includes modern large-format tempering to 2,800 × 6,000 mm, automatic vertical edge processing, and heat-soak testing to BS EN 14179 with a stated capacity of 15,000 kg a day. Manufacture operates to BS EN 1279 Parts 2 and 3. Tangible assets stand at approximately £1.9m net book value, built through a £2m reinvestment programme completed some years ago. The capital required to run a materially larger operation has already been spent.
No single customer accounts for more than 10% of revenue and the ten largest represent around 45%, across a long tail of repeat trade accounts. Around 60 production operatives are supported by a board-led functional structure covering finance, production, commercial sales, procurement and technical operations. A Managing Director and Sales Director appointment has been made. The business does not depend on any one individual.
Adjusted EBITDA was approximately £1.0m in each of FY2022 and FY2023. Volume and earnings came under pressure from FY2024 as construction demand softened and energy costs rose. Management forecasts revenue of £16.25m and EBITDA of £1.24m by FY2029, drawn from throughput and cross-selling rather than new capacity.
The shareholders are seeking an orderly realisation and offers are invited for 100% of the issued share capital. Full Information Memorandum available on signature of a Non-Disclosure Agreement.
