Skip to content
CompanySight
Company No. SC188687 · Incorporated 21 Aug 1998

Glacier Energy Services Limited

Registered name: GLACIER ENERGY SERVICES LIMITED

Part of Averroes Capital Limited group

Glacier Energy Services Limited made £15.8m revenue and £601k profit in the year to 31 Mar 2025. read from filing text

Glacier Energy Services Limited’s revenue grew 11% to £15.8m in the year to 31 Mar 2025, with £601k profit and 50 employees. The company is classified under “other business support service activities” and is based in Aberdeen; we hold 4 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
Aberdeen, Scotland
Age
28 yrs · since 1998
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 company's parent company is Glacier Energy Services Holdings Limited. The ultimate holding company and controlling party is Glacier Topco Limited.”

Latest accounts · year to 31 Mar 2025

Key figures

Capital-lightOperating leverageDoing more with less
Revenue
£15.8m
Growth ▲11.3%
Profit
£601k
Growth ▲86.4%
Profit margin
3.8%
Gross 30.6%
Employees
50
Change ▼28.6%
Profit / employee
£12k
Revenue/employee £316k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Mar 202231 Mar 202331 Mar 202431 Mar 2025
DisclosureNo P&LFull P&Lread from filing textFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)—£11.8m£14.2m£15.8m
Cost of sales—£8.4m£10.4m£11m
Gross profit—£3.4m£3.8m£4.8m
Operating profit—−£354k£323k£561k
Profit before tax—−£356k£322k£561k
Profit after tax—−£355k£322k£601k
Profit (best available)—−£355k£322k£601k
Staff costs—£3.3m£4.1m£4.6m
Employees (average)47597050
Ratios
Profit margin—−3%2.3%3.8%
Gross margin—28.4%27%30.6%
Revenue per employee—£200k£203k£316k
Profit per employee—−£6k£4.6k£12k
Growth (year on year)
Revenue growth——▲20.5%▲11.3%
Profit growth———▲86.4%
Headcount growth—▲25.5%▲18.6%▼28.6%
Balance sheet — indirect signals, not revenue
Cash at bank£521£22.7k£39.3k£3
Net assets£365k£10k£332k£933k
Fixed assets£375k£335k£313k£145k
Current assets£5.9m£8.5m£9.9m£10.3m
Debtors£1.8m£2.4m£2m£1.9m
Deferred income—£2.2m£2.6m£1.3m
SourceFullAccounts · bulk data Dec 2023FullAccounts · bulk data Dec 2023FullAccounts · bulk data Oct 2024FullAccounts · bulk data Mar 2026
Derived from the latest filing

How the business works

Profit margin
3.8%
Profit ÷ revenue.
Gross margin
30.6%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£316k
Revenue ÷ average employees.
Profit per employee
£12k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0.9%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
7.9%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
12.3%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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
▲181%
Now £933k
Cash at bank
▼100%
Now £3
Headcount
▼29%
Now 50
Deferred income
▼51%
Now £1.3m
Fixed assets
▼54%
Now £145k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Averroes Capital Limitedultimate parent50–75%
  2. Glacier Topco Limited75–100%
  3. Glacier Midco Limited75–100%
  4. Glacier Bidco Limited75–100%
  5. Glacier Energy Services Holdings Limited75–100%
  6. Glacier Energy Services Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

Sister companies (9)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £601k), from the Companies House accounts bulk data published Mar 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.