CSHI (SW) LTD

Executive Summary

CSHI (SW) Ltd is a newly established micro-entity operating in the UK glazing sector, characterized by modest financial resources and a negative working capital position typical of early-stage enterprises. While benefiting from concentrated ownership and director funding, it faces significant competitive pressures from larger, more established glazing firms and sector challenges such as material cost volatility and regulatory demands. The company’s future performance will likely depend on its ability to secure stable contracts and manage cash flow in a dynamic construction environment.

CSHI (SW) LTD - Analysis Report

Company Number: 15209174

Analysis Date: 2025-07-29 14:37 UTC

1. Industry Classification

CSHI (SW) Ltd operates in the glazing sector, classified under SIC code 43342. This sector primarily involves the installation of glass components in buildings, including windows, facades, and other architectural glazing systems. The glazing industry is typically characterized by a mix of small to medium-sized enterprises (SMEs), often servicing construction and refurbishment projects. Demand is closely tied to the broader construction industry, which influences volumes, pricing, and competitive dynamics.

2. Relative Performance

As a newly incorporated private limited company (incorporated October 2023), CSHI (SW) Ltd is currently in the micro-entity category based on its financial metrics and employee count (one employee including director). The balance sheet shows modest fixed assets (£12.9k) and current assets (£343.4k) but also current liabilities (£351.7k) slightly exceeding current assets, resulting in a net current liability position of £8.2k. Net assets are positive but minimal at £2.9k.

Compared to typical glazing companies, which often maintain positive working capital to manage project cash flows and supply chain payments, CSHI’s negative net current assets is a weak liquidity indicator. However, given the company’s infancy (just over one year old), this position may reflect initial startup costs, timing differences in receivables and payables, or capital injections rather than operational inefficiency. The director’s loan of £41.8k suggests external funding support to maintain liquidity.

3. Sector Trends Impact

The glazing sector is influenced by ongoing construction activity, renovation trends, and regulatory pressures for energy efficiency (e.g., double/triple glazing requirements, thermal insulation standards). Post-pandemic, the UK construction sector has faced supply chain disruptions, rising material costs, and labour shortages, which impact glazing firms’ margins and project timelines. Demand for sustainable and smart glazing solutions is rising, encouraging innovation but requiring capital investment.

CSHI (SW) Ltd’s micro scale limits exposure to large contracts but may allow nimbleness in niche or local markets. However, competitive pressures and volatile input costs pose risks to new entrants without established client bases or economies of scale.

4. Competitive Positioning

Strengths for CSHI (SW) Ltd include its private limited company structure with limited liability and dedicated ownership by a single director controlling over 75% of shares, enabling agile decision-making. The director’s financial support via interest-free loans is also a buffer during early stages.

Weaknesses include very limited scale, negative working capital, and minimal net assets, which may constrain bidding capacity for large contracts or investment in advanced glazing technologies. The company’s single-employee model restricts operational capacity and may affect ability to scale or manage multiple projects simultaneously.

In comparison, established glazing companies often maintain stronger balance sheets, diversified customer bases, and larger teams to manage complex installations. CSHI (SW) Ltd is effectively a niche player or startup with potential for growth but currently faces typical challenges of small company liquidity and market penetration.