fortum glasgow limited
fortum glasgow limited Company Information
Company Number
10359853
Next Accounts
Sep 2025
Shareholders
south clyde energy recovery holdings limited
Group Structure
View All
Industry
Production of electricity
Registered Address
4th floor phoenix house, 1 station hill, reading, berkshire, RG1 1NB
Website
www.fortum.comfortum glasgow limited Estimated Valuation
Pomanda estimates the enterprise value of FORTUM GLASGOW LIMITED at £0 based on a Turnover of £0 and 1.53x industry multiple (adjusted for size and gross margin).
fortum glasgow limited Estimated Valuation
Pomanda estimates the enterprise value of FORTUM GLASGOW LIMITED at £0 based on an EBITDA of £-1.2m and a 4.34x industry multiple (adjusted for size and gross margin).
fortum glasgow limited Estimated Valuation
Pomanda estimates the enterprise value of FORTUM GLASGOW LIMITED at £71m based on Net Assets of £27m and 2.63x industry multiple (adjusted for liquidity).
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Fortum Glasgow Limited Overview
Fortum Glasgow Limited is a live company located in reading, RG1 1NB with a Companies House number of 10359853. It operates in the production of electricity sector, SIC Code 35110. Founded in September 2016, it's largest shareholder is south clyde energy recovery holdings limited with a 100% stake. Fortum Glasgow Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Fortum Glasgow Limited Health Check
Pomanda's financial health check has awarded Fortum Glasgow Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Fortum Glasgow Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Fortum Glasgow Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Fortum Glasgow Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Fortum Glasgow Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
- Fortum Glasgow Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Fortum Glasgow Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Fortum Glasgow Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Fortum Glasgow Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Fortum Glasgow Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fortum Glasgow Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 132 weeks, this is more cash available to meet short term requirements (9 weeks)
- - Fortum Glasgow Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.7%, this is a similar level of debt than the average (90%)
- - Fortum Glasgow Limited
- - Industry AVG
FORTUM GLASGOW LIMITED financials
Fortum Glasgow Limited's latest turnover from December 2023 is 0 and the company has net assets of £27 million. According to their latest financial statements, we estimate that Fortum Glasgow Limited has 1 employee and maintains cash reserves of £21.4 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | -1,194,000 | -1,588,000 | -349,645 | -99,597 | -57,754 | -228,851 | -643,254 |
| Interest Payable | |||||||
| Interest Receivable | 8,000 | 2,000 | 18 | 1,877 | 5,714 | ||
| Pre-Tax Profit | -1,476,000 | -2,826,000 | -349,627 | -97,720 | -52,040 | -228,851 | -643,254 |
| Tax | 3,177,000 | 1,539,000 | 118,607 | 14,548 | 44,339 | 39,917 | |
| Profit After Tax | 1,701,000 | -1,287,000 | -231,020 | -83,172 | -7,701 | -188,934 | -643,254 |
| Dividends Paid | |||||||
| Retained Profit | 1,701,000 | -1,287,000 | -231,020 | -83,172 | -7,701 | -188,934 | -643,254 |
| Employee Costs | |||||||
| Number Of Employees | |||||||
| EBITDA* | -1,194,000 | -1,588,000 | -349,645 | -99,597 | -57,754 | -228,851 | -643,254 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 123,486,000 | 58,428,000 | 11,670,127 | 10,571,074 | 9,386,456 | ||
| Intangible Assets | 294,000 | 478,000 | |||||
| Investments & Other | 1,176,000 | ||||||
| Debtors (Due After 1 year) | 5,300,000 | 1,757,000 | 217,412 | 98,804 | 84,256 | ||
| Total Fixed Assets | 123,780,000 | 58,906,000 | 11,452,715 | 10,472,270 | 9,302,200 | ||
| Stock & work in progress | |||||||
| Trade Debtors | |||||||
| Group Debtors | 137,062 | 151,174 | 22,654 | ||||
| Misc Debtors | 2,749,000 | 8,432,000 | 108,338 | 71,480 | 15,800 | 6,755 | 28,642 |
| Cash | 21,373,000 | 11,377,000 | 1,367,408 | 124,906 | 116,633 | ||
| misc current assets | |||||||
| total current assets | 24,122,000 | 19,809,000 | 245,400 | 222,654 | 1,383,208 | 154,315 | 145,275 |
| total assets | 147,902,000 | 78,715,000 | 11,698,115 | 10,694,924 | 10,685,408 | 154,315 | 145,275 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 1,820,000 | 1,013,000 | |||||
| Group/Directors Accounts | 4,421 | 1,619 | |||||
| other short term finances | 11,000 | ||||||
| hp & lease commitments | 234,000 | 194,000 | |||||
| other current liabilities | 6,353,000 | 3,005,000 | 121,139 | 342,984 | 250,296 | 107,081 | 86,909 |
| total current liabilities | 8,418,000 | 4,212,000 | 121,139 | 342,984 | 250,296 | 111,502 | 88,528 |
| loans | 201,590,000 | 119,150,000 | 12,000,000 | 5,200,000 | 5,200,000 | ||
| hp & lease commitments | 102,000 | 293,000 | |||||
| Accruals and Deferred Income | |||||||
| other liabilities | 56,056 | ||||||
| provisions | 534,000 | ||||||
| total long term liabilities | 112,458,000 | 59,842,000 | 6,056,056 | 5,200,000 | 5,200,000 | ||
| total liabilities | 120,876,000 | 64,054,000 | 6,177,195 | 5,542,984 | 5,450,296 | 111,502 | 88,528 |
| net assets | 27,026,000 | 14,661,000 | 5,520,920 | 5,151,940 | 5,235,112 | 42,813 | 56,747 |
| total shareholders funds | 27,026,000 | 14,661,000 | 5,520,920 | 5,151,940 | 5,235,112 | 42,813 | 56,747 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,194,000 | -1,588,000 | -349,645 | -99,597 | -57,754 | -228,851 | -643,254 |
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | 3,177,000 | 1,539,000 | 118,607 | 14,548 | 44,339 | 39,917 | |
| Stock | |||||||
| Debtors | -2,140,000 | 9,726,188 | 141,354 | 221,402 | 70,647 | 767 | 28,642 |
| Creditors | 807,000 | 1,013,000 | |||||
| Accruals and Deferred Income | 3,348,000 | 2,883,861 | -221,845 | 92,688 | 143,215 | 20,172 | 86,909 |
| Deferred Taxes & Provisions | -534,000 | 534,000 | |||||
| Cash flow from operations | 7,744,000 | -5,344,327 | -594,237 | -169,529 | -584,987 | ||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -1,176,000 | 1,176,000 | |||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -4,421 | 2,802 | 1,619 | ||||
| Other Short Term Loans | 11,000 | ||||||
| Long term loans | 82,440,000 | 107,150,000 | 6,800,000 | 5,200,000 | |||
| Hire Purchase and Lease Commitments | -151,000 | 487,000 | |||||
| other long term liabilities | -56,056 | 56,056 | |||||
| share issue | |||||||
| interest | 8,000 | 2,000 | 18 | 1,877 | 5,714 | ||
| cash flow from financing | 92,972,000 | 118,010,024 | 7,456,074 | 1,877 | 10,401,293 | 177,802 | 701,620 |
| cash and cash equivalents | |||||||
| cash | 9,996,000 | 11,377,000 | -1,367,408 | 1,242,502 | 8,273 | 116,633 | |
| overdraft | |||||||
| change in cash | 9,996,000 | 11,377,000 | -1,367,408 | 1,242,502 | 8,273 | 116,633 |
fortum glasgow limited Credit Report and Business Information
Fortum Glasgow Limited Competitor Analysis
Perform a competitor analysis for fortum glasgow limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other young companies, companies in RG1 area or any other competitors across 12 key performance metrics.
fortum glasgow limited Ownership
FORTUM GLASGOW LIMITED group structure
Fortum Glasgow Limited has no subsidiary companies.
Ultimate parent company
1 parent
FORTUM GLASGOW LIMITED
10359853
fortum glasgow limited directors
Fortum Glasgow Limited currently has 7 directors. The longest serving directors include Mr Matthew Edgar (Mar 2022) and Mr Ilkka Toijala (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Edgar | United Kingdom | 39 years | Mar 2022 | - | Director |
| Mr Ilkka Toijala | Finland | 65 years | Nov 2023 | - | Director |
| Mr Juha Suomi | Finland | 59 years | May 2024 | - | Director |
| Mr Joseph Scott | England | 36 years | May 2024 | - | Director |
| Mr Michael Reynolds | United Kingdom | 47 years | May 2024 | - | Director |
| Ms Ginta Cimdina | Finland | 51 years | May 2024 | - | Director |
| Mr Ilkka Niiranen | England | 43 years | May 2024 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-1.2m
-25%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
27m
+0.84%
total assets
147.9m
+0.88%
cash
21.4m
+0.88%
net assets
Total assets minus all liabilities
Similar Companies
fortum glasgow limited company details
company number
10359853
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
September 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
fortum rotherham limited (October 2016)
accountant
-
auditor
DELOITTE NI LIMITED
address
4th floor phoenix house, 1 station hill, reading, berkshire, RG1 1NB
Bank
-
Legal Advisor
-
fortum glasgow 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 4 charges/mortgages relating to fortum glasgow limited. Currently there are 4 open charges and 0 have been satisfied in the past.
fortum glasgow 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.
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fortum glasgow limited Companies House Filings - See Documents
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