glacier machining solutions limited
glacier machining solutions limited Company Information
Company Number
SC170383
Next Accounts
Dec 2025
Shareholders
glacier energy services holdings ltd
Group Structure
View All
Industry
Manufacture of metal structures and parts of structures
Registered Address
blackwood house, union grove lane, aberdeen, AB10 6XU
Website
www.glacier.co.ukglacier machining solutions limited Estimated Valuation
Pomanda estimates the enterprise value of GLACIER MACHINING SOLUTIONS LIMITED at £2m based on a Turnover of £3.7m and 0.54x industry multiple (adjusted for size and gross margin).
glacier machining solutions limited Estimated Valuation
Pomanda estimates the enterprise value of GLACIER MACHINING SOLUTIONS LIMITED at £4.2m based on an EBITDA of £1m and a 4.18x industry multiple (adjusted for size and gross margin).
glacier machining solutions limited Estimated Valuation
Pomanda estimates the enterprise value of GLACIER MACHINING SOLUTIONS LIMITED at £8.9m based on Net Assets of £4.4m and 2.01x industry multiple (adjusted for liquidity).
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Glacier Machining Solutions Limited Overview
Glacier Machining Solutions Limited is a live company located in aberdeen, AB10 6XU with a Companies House number of SC170383. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in November 1996, it's largest shareholder is glacier energy services holdings ltd with a 100% stake. Glacier Machining Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with low growth in recent years.
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Glacier Machining Solutions Limited Health Check
Pomanda's financial health check has awarded Glacier Machining Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
6 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£14.2m)
- Glacier Machining Solutions Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (12.5%)
- Glacier Machining Solutions Limited
12.5% - Industry AVG
Production
with a gross margin of 26.3%, this company has a comparable cost of product (26.3%)
- Glacier Machining Solutions Limited
26.3% - Industry AVG
Profitability
an operating margin of 26.6% make it more profitable than the average company (5.9%)
- Glacier Machining Solutions Limited
5.9% - Industry AVG
Employees
with 26 employees, this is below the industry average (79)
26 - Glacier Machining Solutions Limited
79 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has an equivalent pay structure (£44.2k)
- Glacier Machining Solutions Limited
£44.2k - Industry AVG
Efficiency
resulting in sales per employee of £140.8k, this is less efficient (£172k)
- Glacier Machining Solutions Limited
£172k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is near the average (60 days)
- Glacier Machining Solutions Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is close to average (51 days)
- Glacier Machining Solutions Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 93 days, this is more than average (37 days)
- Glacier Machining Solutions Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Glacier Machining Solutions Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.3%, this is a similar level of debt than the average (50.9%)
49.3% - Glacier Machining Solutions Limited
50.9% - Industry AVG
GLACIER MACHINING SOLUTIONS LIMITED financials
Glacier Machining Solutions Limited's latest turnover from March 2024 is estimated at £3.7 million and the company has net assets of £4.4 million. According to their latest financial statements, Glacier Machining Solutions Limited has 26 employees and maintains cash reserves of £14.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,006,317 | 17,093,851 | 19,875,000 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 2,339,963 | 12,375,434 | 14,582,000 | ||||||||||||
| Gross Profit | 2,666,354 | 4,718,417 | 5,293,000 | ||||||||||||
| Admin Expenses | 1,681,878 | 1,471,622 | 1,813,000 | ||||||||||||
| Operating Profit | 984,476 | 3,246,795 | 3,480,000 | ||||||||||||
| Interest Payable | 121,365 | 168,000 | |||||||||||||
| Interest Receivable | 21 | 1,143 | 3,000 | ||||||||||||
| Pre-Tax Profit | 984,497 | 3,126,573 | 3,315,000 | ||||||||||||
| Tax | -20,894 | -827,539 | -923,000 | ||||||||||||
| Profit After Tax | 963,603 | 2,299,034 | 2,392,000 | ||||||||||||
| Dividends Paid | 9,894,145 | ||||||||||||||
| Retained Profit | 963,603 | -7,595,111 | 2,392,000 | ||||||||||||
| Employee Costs | 928,858 | 3,566,589 | 4,787,000 | ||||||||||||
| Number Of Employees | 26 | 25 | 27 | 29 | 33 | 29 | 10 | 15 | 31 | 14 | 104 | 136 | |||
| EBITDA* | 1,111,339 | 3,445,748 | 3,732,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 76,094 | 56,381 | 73,091 | 140,185 | 218,865 | 318,695 | 222,832 | 198,511 | 28,098 | 497,816 | 52,281 | 53,554 | 215,731 | 205,041 | 2,054,000 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 76,094 | 56,381 | 73,091 | 140,185 | 218,865 | 318,695 | 222,832 | 198,511 | 28,098 | 497,816 | 52,281 | 53,554 | 215,731 | 205,041 | 2,054,000 |
| Stock & work in progress | 691,276 | 712,286 | 660,758 | 563,143 | 458,362 | 476,893 | 391,988 | 394,615 | 637,890 | 790,059 | 388,953 | 497,173 | 361,349 | 373,042 | 4,004,000 |
| Trade Debtors | 612,806 | 598,451 | 354,014 | 793,281 | 1,121,492 | 522,187 | 447,115 | 232,688 | 435,362 | 3,497,096 | 2,390,110 | 1,994,922 | 998,651 | 1,170,110 | 5,511,000 |
| Group Debtors | 7,124,174 | 6,211,529 | 5,340,391 | 5,360,431 | 3,233,764 | 3,380,432 | 2,135,628 | 1,321,981 | 3,083,535 | 969,879 | |||||
| Misc Debtors | 213,443 | 12,271 | 55,815 | 60,624 | 125,957 | 200,769 | 16,687 | 53,198 | 33,362 | 1,360 | 244,792 | 396,000 | |||
| Cash | 14,374 | 4,842 | 1,029 | 820 | 13,672 | 8,298 | 168,228 | 1,848 | 12,403 | 51,264 | 255,923 | 493,803 | 141,886 | 1,226,132 | 7,194,000 |
| misc current assets | 140 | ||||||||||||||
| total current assets | 8,656,073 | 7,539,379 | 6,412,007 | 6,778,299 | 4,953,247 | 4,588,579 | 3,159,646 | 2,004,330 | 4,202,552 | 4,338,559 | 3,034,986 | 2,985,898 | 2,473,125 | 3,014,076 | 17,105,000 |
| total assets | 8,732,167 | 7,595,760 | 6,485,098 | 6,918,484 | 5,172,112 | 4,907,274 | 3,382,478 | 2,202,841 | 4,230,650 | 4,836,375 | 3,087,267 | 3,039,452 | 2,688,856 | 3,219,117 | 19,159,000 |
| Bank overdraft | 135,329 | 154,276 | 606,517 | 434,336 | 377,679 | 557 | 67,127 | 222,494 | |||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 382,177 | 263,429 | 221,976 | 195,704 | 355,394 | 292,097 | 72,186 | 142,487 | 143,511 | 301,415 | 446,311 | 592,089 | 321,517 | 212,194 | 2,014,000 |
| Group/Directors Accounts | 3,278,379 | 2,721,173 | 2,865,469 | 2,809,879 | 1,128,311 | 1,128,311 | 1,128,311 | 31,152 | 1,745,327 | 1,478,793 | 1,622,126 | 586,000 | |||
| other short term finances | |||||||||||||||
| hp & lease commitments | 78,847 | 68,749 | |||||||||||||
| other current liabilities | 466,653 | 547,349 | 257,957 | 251,429 | 290,224 | 333,096 | 552,397 | 64,210 | 188,203 | 329,851 | 201,009 | 180,621 | 3,379,000 | ||
| total current liabilities | 4,206,056 | 3,736,029 | 3,499,678 | 3,863,529 | 2,208,265 | 2,131,183 | 1,753,451 | 304,976 | 2,077,041 | 2,332,553 | 446,311 | 592,089 | 522,526 | 2,014,941 | 5,979,000 |
| loans | |||||||||||||||
| hp & lease commitments | 1,950,000 | ||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 97,719 | 154,688 | 3,642 | 19,459 | |||||||||||
| provisions | 3,437 | 2,621 | 12,298 | 13,747 | |||||||||||
| total long term liabilities | 97,719 | 154,688 | 3,642 | 19,459 | 3,437 | 2,621 | 12,298 | 13,747 | 1,950,000 | ||||||
| total liabilities | 4,303,775 | 3,890,717 | 3,503,320 | 3,882,988 | 2,208,265 | 2,131,183 | 1,753,451 | 304,976 | 2,077,041 | 2,335,990 | 446,311 | 594,710 | 534,824 | 2,028,688 | 7,929,000 |
| net assets | 4,428,392 | 3,705,043 | 2,981,778 | 3,035,496 | 2,963,847 | 2,776,091 | 1,629,027 | 1,897,865 | 2,153,609 | 2,500,385 | 2,640,956 | 2,444,742 | 2,154,032 | 1,190,429 | 11,230,000 |
| total shareholders funds | 4,428,392 | 3,705,043 | 2,981,778 | 3,035,496 | 2,963,847 | 2,776,091 | 1,629,027 | 1,897,865 | 2,153,609 | 2,500,385 | 2,640,956 | 2,444,742 | 2,154,032 | 1,190,429 | 11,230,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 984,476 | 3,246,795 | 3,480,000 | ||||||||||||
| Depreciation | 43,676 | 34,726 | 103,438 | 142,774 | 186,163 | 162,772 | 124,830 | 53,982 | 208,540 | 142,699 | 19,010 | 12,668 | 126,863 | 198,953 | 252,000 |
| Amortisation | |||||||||||||||
| Tax | -20,894 | -827,539 | -923,000 | ||||||||||||
| Stock | -21,010 | 51,528 | 97,615 | 104,781 | -18,531 | 84,905 | -2,627 | -243,275 | -152,169 | 401,106 | -108,220 | 135,824 | 361,349 | -3,630,958 | 4,004,000 |
| Debtors | 1,128,172 | 1,072,031 | -464,116 | 1,733,123 | 377,825 | 1,503,958 | 991,563 | -1,944,392 | 55,163 | 1,106,986 | 395,188 | 25,032 | 1,969,890 | -4,492,098 | 5,907,000 |
| Creditors | 118,748 | 41,453 | 26,272 | -159,690 | 63,297 | 219,911 | -70,301 | -1,024 | -157,904 | -144,896 | -145,778 | 270,572 | 321,517 | -1,801,806 | 2,014,000 |
| Accruals and Deferred Income | -80,696 | 289,392 | 6,528 | -38,795 | -42,872 | -219,301 | 488,187 | -123,993 | -141,648 | 329,851 | -201,009 | 201,009 | -3,198,379 | 3,379,000 | |
| Deferred Taxes & Provisions | -3,437 | 3,437 | -2,621 | -9,677 | 12,298 | 13,747 | |||||||||
| Cash flow from operations | -705,970 | 5,754,827 | -1,709,000 | ||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 557,206 | -144,296 | 55,590 | 1,681,568 | 1,097,159 | -1,714,175 | 266,534 | 1,478,793 | 1,036,126 | 586,000 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 10,098 | 68,749 | -1,950,000 | 1,950,000 | |||||||||||
| other long term liabilities | -56,969 | 151,046 | -15,817 | 19,459 | |||||||||||
| share issue | |||||||||||||||
| interest | 21 | -120,222 | -165,000 | ||||||||||||
| cash flow from financing | 1,190,450 | -3,478,556 | 11,209,000 | ||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 9,532 | 3,813 | 209 | -12,852 | 5,374 | -159,930 | 166,380 | -10,555 | -38,861 | -204,659 | -237,880 | 351,917 | 141,886 | -5,967,868 | 7,194,000 |
| overdraft | -135,329 | -18,947 | -452,241 | 172,181 | 56,657 | 377,122 | -66,570 | 67,127 | -222,494 | 222,494 | |||||
| change in cash | 144,861 | 22,760 | 452,450 | -185,033 | -51,283 | -537,052 | 232,950 | -77,682 | 183,633 | -427,153 | -237,880 | 351,917 | 141,886 | -5,967,868 | 7,194,000 |
glacier machining solutions limited Credit Report and Business Information
Glacier Machining Solutions Limited Competitor Analysis
Perform a competitor analysis for glacier machining solutions limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in AB10 area or any other competitors across 12 key performance metrics.
glacier machining solutions limited Ownership
GLACIER MACHINING SOLUTIONS LIMITED group structure
Glacier Machining Solutions Limited has no subsidiary companies.
Ultimate parent company
1 parent
GLACIER MACHINING SOLUTIONS LIMITED
SC170383
glacier machining solutions limited directors
Glacier Machining Solutions Limited currently has 2 directors. The longest serving directors include Mr Scott Martin (Mar 2011) and Mr Sandy Smart (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scott Martin | United Kingdom | 56 years | Mar 2011 | - | Director |
| Mr Sandy Smart | 63 years | Sep 2019 | - | Director |
P&L
March 2024turnover
3.7m
+11%
operating profit
971.6k
0%
gross margin
26.4%
+9.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
4.4m
+0.2%
total assets
8.7m
+0.15%
cash
14.4k
+1.97%
net assets
Total assets minus all liabilities
glacier machining solutions limited company details
company number
SC170383
Type
Private limited with Share Capital
industry
25110 - Manufacture of metal structures and parts of structures
incorporation date
November 1996
age
29
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
roberts machining solutions limited (April 2018)
roberts pipeline machining limited (November 2014)
See moreaccountant
JOHNSTON CARMICHAEL LLP
auditor
-
address
blackwood house, union grove lane, aberdeen, AB10 6XU
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
glacier machining solutions 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 21 charges/mortgages relating to glacier machining solutions limited. Currently there are 5 open charges and 16 have been satisfied in the past.
glacier machining solutions 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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glacier machining solutions limited Companies House Filings - See Documents
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