glid wind farms topco limited
glid wind farms topco limited Company Information
Company Number
06707821
Next Accounts
Sep 2025
Shareholders
uk green investment lid ltd
ri income uk holdings ltd
View AllGroup Structure
View All
Industry
Activities of head offices
Registered Address
grimsby renewables operations ba, north quay, grimsby, DN31 3SY
Website
www.glidwindfarms.comglid wind farms topco limited Estimated Valuation
Pomanda estimates the enterprise value of GLID WIND FARMS TOPCO LIMITED at £155.9m based on a Turnover of £94.6m and 1.65x industry multiple (adjusted for size and gross margin).
glid wind farms topco limited Estimated Valuation
Pomanda estimates the enterprise value of GLID WIND FARMS TOPCO LIMITED at £890.8m based on an EBITDA of £68.3m and a 13.05x industry multiple (adjusted for size and gross margin).
glid wind farms topco limited Estimated Valuation
Pomanda estimates the enterprise value of GLID WIND FARMS TOPCO LIMITED at £80.4m based on Net Assets of £38.2m and 2.11x industry multiple (adjusted for liquidity).
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Glid Wind Farms Topco Limited Overview
Glid Wind Farms Topco Limited is a live company located in grimsby, DN31 3SY with a Companies House number of 06707821. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 2008, it's largest shareholder is uk green investment lid ltd with a 60.8% stake. Glid Wind Farms Topco Limited is a established, large sized company, Pomanda has estimated its turnover at £94.6m with healthy growth in recent years.
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Glid Wind Farms Topco Limited Health Check
Pomanda's financial health check has awarded Glid Wind Farms Topco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £94.6m, make it larger than the average company (£20.2m)
£94.6m - Glid Wind Farms Topco Limited
£20.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7.4%)
6% - Glid Wind Farms Topco Limited
7.4% - Industry AVG
Production
with a gross margin of 63.8%, this company has a lower cost of product (33.7%)
63.8% - Glid Wind Farms Topco Limited
33.7% - Industry AVG
Profitability
an operating margin of 53.2% make it more profitable than the average company (5.8%)
53.2% - Glid Wind Farms Topco Limited
5.8% - Industry AVG
Employees
with 463 employees, this is above the industry average (110)
- Glid Wind Farms Topco Limited
110 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Glid Wind Farms Topco Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £204.2k, this is equally as efficient (£204.5k)
- Glid Wind Farms Topco Limited
£204.5k - Industry AVG
Debtor Days
it gets paid by customers after 118 days, this is later than average (45 days)
118 days - Glid Wind Farms Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (42 days)
27 days - Glid Wind Farms Topco Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Glid Wind Farms Topco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (15 weeks)
3 weeks - Glid Wind Farms Topco Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.6%, this is a higher level of debt than the average (55.6%)
82.6% - Glid Wind Farms Topco Limited
55.6% - Industry AVG
GLID WIND FARMS TOPCO LIMITED financials
Glid Wind Farms Topco Limited's latest turnover from December 2023 is £94.6 million and the company has net assets of £38.2 million. According to their latest financial statements, we estimate that Glid Wind Farms Topco Limited has 463 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 94,555,000 | 93,887,000 | 76,857,000 | 79,324,000 | 72,539,000 | 77,684,000 | 68,065,000 | 54,547,000 | 66,486,000 | 63,550,000 | 67,038,000 | 61,563,000 | 77,574,000 | 58,858,000 | 78,879,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 34,220,000 | 33,120,000 | 32,881,000 | 31,355,000 | 30,681,000 | 30,414,000 | 28,306,000 | 25,051,000 | 30,901,000 | 31,427,000 | 30,145,000 | 32,543,000 | 31,345,000 | 31,273,000 | 49,065,000 |
| Gross Profit | 60,335,000 | 60,767,000 | 43,976,000 | 47,969,000 | 41,858,000 | 47,270,000 | 39,759,000 | 29,496,000 | 35,585,000 | 32,123,000 | 36,893,000 | 29,020,000 | 46,229,000 | 27,585,000 | 29,814,000 |
| Admin Expenses | 10,011,000 | 9,405,000 | 8,920,000 | 8,738,000 | 8,482,000 | 8,879,000 | 11,057,000 | 21,213,000 | 17,483,000 | 22,700,000 | 15,414,000 | 10,498,000 | 10,245,000 | 10,654,000 | 117,730,000 |
| Operating Profit | 50,324,000 | 51,362,000 | 35,056,000 | 39,231,000 | 33,376,000 | 38,391,000 | 28,702,000 | 8,283,000 | 18,102,000 | 9,423,000 | 21,479,000 | 18,522,000 | 35,984,000 | 16,931,000 | -87,916,000 |
| Interest Payable | 10,311,000 | 12,406,000 | 14,045,000 | 15,205,000 | 16,237,000 | 19,892,000 | 37,768,000 | 42,090,000 | 28,023,000 | 27,555,000 | 28,097,000 | 33,249,000 | 34,351,000 | 34,805,000 | 5,846,000 |
| Interest Receivable | 1,000 | 18,000 | 144,000 | 127,000 | 226,000 | 383,000 | 285,000 | 306,000 | 31,000 | ||||||
| Pre-Tax Profit | 40,013,000 | 38,956,000 | 21,011,000 | 24,026,000 | 17,139,000 | 18,499,000 | -9,579,000 | -31,136,000 | -9,777,000 | -18,005,000 | -6,392,000 | -14,344,000 | 1,918,000 | -17,568,000 | -93,731,000 |
| Tax | -10,188,000 | -7,850,000 | -10,611,000 | -7,306,000 | -4,033,000 | -4,174,000 | -3,203,000 | 3,645,000 | 2,765,000 | 2,448,000 | 3,690,000 | 4,380,000 | 290,000 | 4,237,000 | -8,297,000 |
| Profit After Tax | 29,825,000 | 31,106,000 | 10,400,000 | 16,720,000 | 13,106,000 | 14,325,000 | -12,782,000 | -27,491,000 | -7,012,000 | -15,557,000 | -2,702,000 | -9,964,000 | 2,208,000 | -13,331,000 | -102,028,000 |
| Dividends Paid | 10,000,000 | 17,000,000 | 11,000,000 | 16,500,000 | 9,500,000 | 16,000,000 | |||||||||
| Retained Profit | 19,825,000 | 14,106,000 | -600,000 | 220,000 | 3,606,000 | -1,675,000 | -12,782,000 | -27,491,000 | -7,012,000 | -15,557,000 | -2,702,000 | -9,964,000 | 2,208,000 | -13,331,000 | -102,028,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 68,278,000 | 69,387,000 | 54,053,000 | 57,619,000 | 51,738,000 | 56,274,000 | 46,566,000 | 27,832,000 | 45,072,000 | 36,444,000 | 47,654,000 | 44,779,000 | 61,209,000 | 41,966,000 | 57,672,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 186,183,000 | 197,336,000 | 216,683,000 | 233,547,000 | 251,709,000 | 259,544,000 | 280,992,000 | 294,968,000 | 332,453,000 | 367,441,000 | 392,891,000 | 415,489,000 | 422,398,000 | 442,010,000 | 463,396,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 186,183,000 | 197,336,000 | 216,683,000 | 233,547,000 | 251,709,000 | 259,544,000 | 280,992,000 | 294,968,000 | 332,453,000 | 367,441,000 | 392,891,000 | 415,489,000 | 422,398,000 | 442,010,000 | 463,396,000 |
| Stock & work in progress | 20,000 | 20,000 | 20,000 | 20,000 | 356,000 | 1,503,000 | 753,000 | ||||||||
| Trade Debtors | 30,666,000 | 21,832,000 | 6,346,000 | 3,963,000 | 4,778,000 | 17,872,000 | 24,277,000 | 14,666,000 | 3,794,000 | 12,281,000 | |||||
| Group Debtors | 20,974,000 | 21,153,000 | 21,024,000 | 22,245,000 | 18,951,000 | 21,747,000 | |||||||||
| Misc Debtors | 18,939,000 | 17,389,000 | 15,733,000 | 83,000 | 110,000 | 560,000 | 46,104,000 | 19,787,000 | 23,255,000 | 22,831,000 | 24,117,000 | 18,792,000 | 3,028,000 | ||
| Cash | 1,935,000 | 7,153,000 | 2,451,000 | 3,803,000 | 4,459,000 | 7,386,000 | 4,495,000 | 7,291,000 | 16,057,000 | 9,978,000 | 14,359,000 | 24,002,000 | 26,003,000 | 39,681,000 | 29,630,000 |
| misc current assets | 242,000 | ||||||||||||||
| total current assets | 32,601,000 | 28,985,000 | 27,756,000 | 25,175,000 | 24,990,000 | 25,361,000 | 28,882,000 | 22,873,000 | 67,458,000 | 51,734,000 | 58,767,000 | 67,857,000 | 72,365,000 | 77,424,000 | 66,686,000 |
| total assets | 218,784,000 | 226,321,000 | 244,439,000 | 258,722,000 | 276,699,000 | 284,905,000 | 309,874,000 | 317,841,000 | 399,911,000 | 419,175,000 | 451,658,000 | 483,346,000 | 494,763,000 | 519,434,000 | 530,082,000 |
| Bank overdraft | 24,646,000 | 22,260,000 | 32,419,000 | 22,740,000 | 36,843,000 | 33,524,000 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,614,000 | 2,639,000 | 94,000 | 69,000 | 60,000 | 122,000 | 254,000 | 1,480,000 | 3,805,000 | 785,000 | 231,000 | 259,000 | 618,000 | 1,098,000 | 1,379,000 |
| Group/Directors Accounts | 24,592,000 | 22,126,000 | 10,596,000 | 11,922,000 | 1,486,000 | ||||||||||
| other short term finances | 28,531,000 | 32,000,000 | 28,000,000 | 14,032,000 | 12,136,000 | 20,000,000 | 21,339,000 | 11,949,000 | 24,170,000 | ||||||
| hp & lease commitments | 471,000 | 415,000 | 327,000 | ||||||||||||
| other current liabilities | 2,789,000 | 1,966,000 | 5,016,000 | 9,924,000 | 6,341,000 | 4,361,000 | 47,808,000 | 36,149,000 | 6,504,000 | 5,260,000 | 7,848,000 | 7,256,000 | 7,102,000 | ||
| total current liabilities | 31,145,000 | 35,110,000 | 31,298,000 | 16,067,000 | 17,539,000 | 30,046,000 | 27,934,000 | 17,790,000 | 75,783,000 | 61,580,000 | 53,587,000 | 60,064,000 | 41,802,000 | 57,119,000 | 43,491,000 |
| loans | 214,680,000 | 269,794,000 | 337,894,000 | 405,830,000 | 444,668,000 | 444,964,000 | 694,416,000 | 708,474,000 | 523,332,000 | 555,321,000 | 288,627,000 | 306,895,000 | 323,590,000 | 335,953,000 | 343,523,000 |
| hp & lease commitments | 8,106,000 | 8,791,000 | 9,243,000 | 9,608,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 84,278,000 | 75,958,000 | 79,930,000 | 69,822,000 | 64,434,000 | 62,748,000 | 67,532,000 | 64,132,000 | 62,234,000 | 76,520,000 | 48,109,000 | 52,350,000 | 55,370,000 | 54,569,000 | 57,944,000 |
| total long term liabilities | 149,479,000 | 172,876,000 | 208,912,000 | 237,826,000 | 254,551,000 | 253,856,000 | 380,974,000 | 386,303,000 | 292,783,000 | 322,760,000 | 336,736,000 | 359,245,000 | 378,960,000 | 390,522,000 | 401,467,000 |
| total liabilities | 180,624,000 | 207,986,000 | 240,210,000 | 253,893,000 | 272,090,000 | 283,902,000 | 408,908,000 | 404,093,000 | 368,566,000 | 384,340,000 | 390,323,000 | 419,309,000 | 420,762,000 | 447,641,000 | 444,958,000 |
| net assets | 38,160,000 | 18,335,000 | 4,229,000 | 4,829,000 | 4,609,000 | 1,003,000 | -99,034,000 | -86,252,000 | 31,345,000 | 34,835,000 | 61,335,000 | 64,037,000 | 74,001,000 | 71,793,000 | 85,124,000 |
| total shareholders funds | 38,160,000 | 18,335,000 | 4,229,000 | 4,829,000 | 4,609,000 | 1,003,000 | -99,034,000 | -86,252,000 | 31,345,000 | 34,835,000 | 61,335,000 | 64,037,000 | 74,001,000 | 71,793,000 | 85,124,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 50,324,000 | 51,362,000 | 35,056,000 | 39,231,000 | 33,376,000 | 38,391,000 | 28,702,000 | 8,283,000 | 18,102,000 | 9,423,000 | 21,479,000 | 18,522,000 | 35,984,000 | 16,931,000 | -87,916,000 |
| Depreciation | 17,954,000 | 18,025,000 | 18,997,000 | 18,388,000 | 18,362,000 | 17,883,000 | 17,864,000 | 19,549,000 | 26,970,000 | 27,021,000 | 26,175,000 | 26,257,000 | 25,225,000 | 25,035,000 | 89,985,000 |
| Amortisation | 55,603,000 | ||||||||||||||
| Tax | -10,188,000 | -7,850,000 | -10,611,000 | -7,306,000 | -4,033,000 | -4,174,000 | -3,203,000 | 3,645,000 | 2,765,000 | 2,448,000 | 3,690,000 | 4,380,000 | 290,000 | 4,237,000 | -8,297,000 |
| Stock | -20,000 | 20,000 | -356,000 | -1,147,000 | 750,000 | 753,000 | |||||||||
| Debtors | 8,834,000 | -3,453,000 | 3,933,000 | 841,000 | 2,556,000 | -6,432,000 | 9,161,000 | -34,672,000 | 9,137,000 | -3,647,000 | 553,000 | -2,507,000 | 8,619,000 | 687,000 | 37,056,000 |
| Creditors | -25,000 | 2,545,000 | 25,000 | 9,000 | -62,000 | -132,000 | -1,226,000 | -2,325,000 | 3,020,000 | 554,000 | -28,000 | -359,000 | -480,000 | -281,000 | 1,379,000 |
| Accruals and Deferred Income | -2,789,000 | 823,000 | -3,050,000 | -4,908,000 | 3,583,000 | 1,980,000 | -43,447,000 | 11,659,000 | 29,645,000 | 1,244,000 | -2,588,000 | 592,000 | 154,000 | 7,102,000 | |
| Deferred Taxes & Provisions | 8,320,000 | -3,972,000 | 10,108,000 | 5,388,000 | 1,686,000 | -4,784,000 | 3,400,000 | 1,898,000 | -14,286,000 | 28,411,000 | -4,241,000 | -3,020,000 | 801,000 | -3,375,000 | 57,944,000 |
| Cash flow from operations | 57,551,000 | 60,794,000 | 50,465,000 | 51,819,000 | 41,865,000 | 57,179,000 | 38,712,000 | 23,422,000 | 38,343,000 | 100,396,000 | 47,766,000 | 45,699,000 | 53,793,000 | 42,014,000 | 78,744,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -5,482,000 | -18,824,000 | -5,252,000 | -3,128,000 | -15,071,000 | ||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | -5,482,000 | -18,824,000 | -5,252,000 | -3,128,000 | -15,071,000 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -24,592,000 | 2,466,000 | 11,530,000 | -1,326,000 | 10,436,000 | 1,486,000 | |||||||||
| Other Short Term Loans | -3,469,000 | 4,000,000 | 13,968,000 | 1,896,000 | -7,864,000 | -1,339,000 | 9,390,000 | -12,221,000 | 24,170,000 | ||||||
| Long term loans | -55,114,000 | -68,100,000 | -67,936,000 | -38,838,000 | -296,000 | -249,452,000 | -14,058,000 | 185,142,000 | -31,989,000 | 266,694,000 | -18,268,000 | -16,695,000 | -12,363,000 | -7,570,000 | 343,523,000 |
| Hire Purchase and Lease Commitments | -8,577,000 | -629,000 | -37,000 | -692,000 | 9,935,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -10,311,000 | -12,406,000 | -14,045,000 | -15,205,000 | -16,237,000 | -19,892,000 | -37,767,000 | -42,072,000 | -27,879,000 | -27,428,000 | -27,871,000 | -32,866,000 | -34,066,000 | -34,499,000 | -5,815,000 |
| cash flow from financing | -77,471,000 | -77,135,000 | -68,050,000 | -52,839,000 | -14,462,000 | -168,971,000 | -42,435,000 | 40,743,000 | -32,176,000 | 203,731,000 | -43,673,000 | -38,031,000 | -47,755,000 | -31,633,000 | 526,346,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -5,218,000 | 4,702,000 | -1,352,000 | -656,000 | -2,927,000 | 2,891,000 | -2,796,000 | -8,766,000 | 6,079,000 | -4,381,000 | -9,643,000 | -2,001,000 | -13,678,000 | 10,051,000 | 29,630,000 |
| overdraft | -24,646,000 | 2,386,000 | -10,159,000 | 9,679,000 | -14,103,000 | 3,319,000 | 33,524,000 | ||||||||
| change in cash | -5,218,000 | 4,702,000 | -1,352,000 | -656,000 | -2,927,000 | 2,891,000 | -2,796,000 | -8,766,000 | 30,725,000 | -6,767,000 | 516,000 | -11,680,000 | 425,000 | 6,732,000 | -3,894,000 |
glid wind farms topco limited Credit Report and Business Information
Glid Wind Farms Topco Limited Competitor Analysis
Perform a competitor analysis for glid wind farms topco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in DN31 area or any other competitors across 12 key performance metrics.
glid wind farms topco limited Ownership
GLID WIND FARMS TOPCO LIMITED group structure
Glid Wind Farms Topco Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
GLID WIND FARMS TOPCO LIMITED
06707821
2 subsidiaries
glid wind farms topco limited directors
Glid Wind Farms Topco Limited currently has 3 directors. The longest serving directors include Mr Jonathan Duffy (Oct 2022) and Mr Graham Hacon (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Duffy | England | 47 years | Oct 2022 | - | Director |
| Mr Graham Hacon | England | 57 years | Oct 2022 | - | Director |
| Mr Benjamin Andrade | United Kingdom | 35 years | Sep 2024 | - | Director |
P&L
December 2023turnover
94.6m
+1%
operating profit
50.3m
-2%
gross margin
63.9%
-1.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
38.2m
+1.08%
total assets
218.8m
-0.03%
cash
1.9m
-0.73%
net assets
Total assets minus all liabilities
glid wind farms topco limited company details
company number
06707821
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
September 2008
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
centrica renewable holdings limited (October 2009)
accountant
-
auditor
GRANT THORNTON UK LLP
address
grimsby renewables operations ba, north quay, grimsby, DN31 3SY
Bank
-
Legal Advisor
-
glid wind farms topco limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to glid wind farms topco limited. Currently there are 1 open charges and 2 have been satisfied in the past.
glid wind farms topco limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for GLID WIND FARMS TOPCO LIMITED. This can take several minutes, an email will notify you when this has completed.
glid wind farms topco limited Companies House Filings - See Documents
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