Glacier Energy Services Holdings Limited
Registered name: GLACIER ENERGY SERVICES HOLDINGS LIMITED
Part of Averroes Capital Limited groupGlacier Energy Services Holdings Limited made £1.8m revenue and £6.4m profit in the year to 31 Mar 2025. read from filing text
Glacier Energy Services Holdings Limited’s revenue grew 4% to £1.8m in the year to 31 Mar 2025, with £6.4m profit and 13 employees. The company is classified under “activities of head offices” and is based in Aberdeen; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Aberdeen, Scotland
- Age
- 15 yrs · since 2011
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 Bidco Limited, which has its registered office at 77 Charlotte Street, London, W1T 4PW.”
Key figures
Unusual figures. Profit is higher than revenue in this filing. That usually means investment income, dividends from subsidiaries or one-off gains — or a mis-tagged figure. Check the original filing before drawing conclusions.
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 | Profit only | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £2.9m | £1.8m | £1.8m |
| Cost of sales | £14m | £18.3m | — | — |
| Operating profit | — | £1.3m | £9.5m | £6.4m |
| Profit before tax | — | −£402k | £8.3m | £6.4m |
| Profit after tax | −£1.2m | −£342k | £8.3m | £6.4m |
| Profit (best available) | −£1.2m | −£342k | £8.3m | £6.4m |
| Staff costs | £555k | £545k | £677k | £1m |
| Employees (average) | 7 | 8 | 9 | 13 |
| Ratios | ||||
| Profit margin | — | −11.7% | 472.6% | 350.6% |
| Revenue per employee | — | £367k | £195k | £141k |
| Profit per employee | −£170k | −£42.8k | £921k | £493k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▼40.3% | ▲4.2% |
| Profit growth | — | — | — | ▼22.7% |
| Headcount growth | — | ▲14.3% | ▲12.5% | ▲44.4% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £42.1k | £44.1k | £68.5k | £6.4m |
| Net assets | −£14.6m | −£14.9m | −£6.7m | −£251k |
| Fixed assets | £11.2m | £11.2m | £11.2m | £13m |
| Current assets | £8.3m | £9.1m | £10m | £18.1m |
| Debtors | £0 | £0 | £9.9m | £11.6m |
| Deferred income | £1.1m | £1.5m | £588k | £708k |
| Cash from operations | £518k | — | — | — |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Oct 2024 | FullAccounts · bulk data Apr 2026 |
How the business works
- Profit margin
- 350.6%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £141k
- Revenue ÷ average employees.
- Profit per employee
- £493k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 711.7%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 38.7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 635.8%
- 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 −£251k
- Cash at bank
- ▲9304%
- Now £6.4m
- Headcount
- ▲44%
- Now 13
- Deferred income
- ▲20%
- Now £708k
- Fixed assets
- ▲16%
- Now £13m
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 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (10)
- Glacier Energy Services LimitedRev. £15.8m · Profit £601k
- Advanced Group Services LtdFigures not disclosed
- Glacier Energy Manufacturing LimitedIn AdministrationFigures not disclosed
- Glacier Inspection Services UK LimitedRev. — · Profit £0
- Glacier Machining Solutions LimitedFigures not disclosed
- Glacier Whiteley Read LimitedFigures not disclosed
- Ross Exchangers LimitedFigures not disclosed
- Ross Offshore Consultancy LimitedFigures not disclosed
- Ross Offshore LimitedFigures not disclosed
- Site Machining Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £6.4m), from the Companies House accounts bulk data published Apr 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.