Glacier Inspection Services Limited
Registered name: GLACIER INSPECTION SERVICES LIMITED
Part of Averroes Capital Limited groupGlacier Inspection Services Limited made £14.5m revenue and £3.1m profit in the year to 31 Mar 2025. read from filing text
Glacier Inspection Services Limited’s revenue grew 54% to £14.5m in the year to 31 Mar 2025, with £3.1m profit and 85 employees. The company is classified under “technical testing and analysis” and is based in Aberdeen; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Aberdeen, Scotland
- Age
- 45 yrs · since 1981
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The parent company is Glacier Inspection Services UK Limited which has its registered office at Blackwood House, Union Grove Lane, Aberdeen, AB10 6XU.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | £6.9m | £9.3m | £9.4m | £14.5m |
| Cost of sales | £5.4m | £7.1m | £6.8m | £7.5m |
| Gross profit | £1.5m | £2.2m | £2.6m | £7m |
| Operating profit | −£1.1m | −£1.9m | −£504k | £3.1m |
| Profit before tax | −£1.1m | −£2m | −£529k | £3m |
| Profit after tax | −£1.1m | −£2m | −£610k | £3.1m |
| Profit (best available) | −£1.1m | −£2m | −£610k | £3.1m |
| Employees (average) | 87 | 82 | 78 | 85 |
| Ratios | ||||
| Profit margin | −16.6% | −20.9% | −6.5% | 21.4% |
| Gross margin | 21.6% | 23.9% | 27.3% | 48.3% |
| Revenue per employee | £78.8k | £114k | £121k | £171k |
| Profit per employee | −£13.1k | −£23.8k | −£7.8k | £36.6k |
| Growth (year on year) | ||||
| Revenue growth | — | ▲36.4% | ▲0.6% | ▲54.4% |
| Headcount growth | — | ▼5.8% | ▼4.9% | ▲9% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £8.7k | £8.5k | £37.8k | £9.8k |
| Net assets | £472k | −£1.5m | −£2.1m | £1m |
| Fixed assets | £174k | £244k | £374k | £1.3m |
| Current assets | £10m | £11.6m | £12.1m | £15.8m |
| Debtors | £746k | £1.6m | £1.8m | £3.1m |
| Deferred income | £24.7k | £1.4m | £1.3m | £1.1m |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- 21.4%
- Profit ÷ revenue.
- Gross margin
- 48.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £171k
- Revenue ÷ average employees.
- Profit per employee
- £36.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 9%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 7.4%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 21.6%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now £1m
- Cash at bank
- ▼74%
- Now £9.8k
- Headcount
- ▲9%
- Now 85
- Deferred income
- ▼19%
- Now £1.1m
- Fixed assets
- ▲249%
- Now £1.3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Averroes Capital Limitedultimate parent50–75%
- Glacier Topco Limited75–100%
- Glacier Midco Limited75–100%
- Glacier Bidco Limited75–100%
- Glacier Energy Services Holdings Limited75–100%
- Glacier Inspection Services UK Limited75–100%
- Glacier Inspection Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £3.1m), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.
Updated from Companies House on 16 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.