Liverpool-based national commercial glazing outfit GG Glass and Glazing blames Government’s National Insurance rise as revenues remain flat at £27m and pre-tax profits fall – but the firm is upbeat for the current year. Tony McDonough reports

GG Glass and Glazing is reporting flat revenues and falling pre-tax profits amid rising costs but offers upbeat assessment of current financial year.

Liverpool-based GG, which supplies glass for large commercial projects across the UK, has posted its accounts for the 12 months to July 31, 2025, on Companies House. They reveal a strong start and end to the year, but a slowdown in the middle.

Revenues were £27m, slightly up from the £26.9m reported in the previous year. Pre-tax profits fell, although not by a lot. The figure of £1.3m compared to £1.4m in the previous year. The company said changes to National Insurance had presented challenges.

GG’s trio of shareholders, Dennis Worrall (managing director), John Grant and Sam Grant (operations director), shared dividends of £771,810 compared to £638,876 in the previous year.

Established in 2008 with just a handful of employees, GG now employs more than 200 people and it works across the UK on major projects. It offers commercial glazing, emergency glazing, glass supply and multiple other services.

Recent projects include the new Merseyside Fire & Rescue Authority training centre in Aintree, Barnsley Glass Works, glass replacement at Tower Bridge in London and work for jeweller H Samuel at the Brent Cross Shopping Centre, also in London.

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Writing in the annual report, finance manager Ben Grocutt said: “The year fell short of expectations. A strong start of the year was curtailed following the Government’s Budget announcement in October 2024.

“Changes to National Insurance had a significant impact on the business, both internally and externally, as discretionary spend from retail customers was reduced while the full implications of the legislation were assessed.

“A slower middle part of the year was offset by a strong performance in the final months of the financial year.”

During the year GG invested more in its own plant and equipment to reduce reliance on hired equipment. This decision had helped support margins. Overall Ben said the year had been “satisfactory” and further growth was expected in the current financial year.

He added: “Controlling overheads remained a key challenge during the year. Factors including ongoing cost-of-living pressures and several key property lease renewals resulted in overheads finishing higher than in the previous year.

“Political and economic uncertainty, both in the UK and internationally, continues to impact trading conditions. However, inflation has reduced significantly and energy prices have shown increased stability during the year.”