glacier machining solutions limited

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glacier machining solutions limited Company Information

Share GLACIER MACHINING SOLUTIONS LIMITED

Company Number

SC170383

Shareholders

glacier energy services holdings ltd

Group Structure

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Industry

Manufacture of metal structures and parts of structures

 

Registered Address

blackwood house, union grove lane, aberdeen, AB10 6XU

glacier machining solutions limited Estimated Valuation

£2m

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

£4.2m

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

£8.9m

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

Health Check Image
Health Rating3out of 5
positive_score

1 Strong

positive_score

5 Regular

positive_score

6 Weak

size

Size

annual sales of £3.7m, make it smaller than the average company (£14.2m)

£3.7m - Glacier Machining Solutions Limited

£14.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (12.5%)

4% - Glacier Machining Solutions Limited

12.5% - Industry AVG

production

Production

with a gross margin of 26.3%, this company has a comparable cost of product (26.3%)

26.3% - Glacier Machining Solutions Limited

26.3% - Industry AVG

profitability

Profitability

an operating margin of 26.6% make it more profitable than the average company (5.9%)

26.6% - Glacier Machining Solutions Limited

5.9% - Industry AVG

employees

Employees

with 26 employees, this is below the industry average (79)

26 - Glacier Machining Solutions Limited

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.2k, the company has an equivalent pay structure (£44.2k)

£44.2k - Glacier Machining Solutions Limited

£44.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £140.8k, this is less efficient (£172k)

£140.8k - Glacier Machining Solutions Limited

£172k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is near the average (60 days)

61 days - Glacier Machining Solutions Limited

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 51 days, this is close to average (51 days)

51 days - Glacier Machining Solutions Limited

51 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 93 days, this is more than average (37 days)

93 days - Glacier Machining Solutions Limited

37 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Turnover3,659,6243,292,6732,640,4303,300,0244,209,1942,873,8531,668,9151,530,5192,699,9389,819,5287,082,0736,678,6905,006,31717,093,85119,875,000
Other Income Or Grants
Cost Of Sales2,695,8192,503,7562,030,3412,528,5153,162,8542,099,9671,217,3441,103,6111,943,8097,165,0775,244,2764,888,4542,339,96312,375,43414,582,000
Gross Profit963,805788,917610,090771,5091,046,340773,886451,571426,908756,1292,654,4511,837,7971,790,2362,666,3544,718,4175,293,000
Admin Expenses-7,768-118,720638,138651,315789,787-654,346718,634680,5721,095,8332,788,5591,584,8481,409,3121,681,8781,471,6221,813,000
Operating Profit971,573907,637-28,048120,194256,5531,428,232-267,063-253,664-339,704-134,108252,949380,924984,4763,246,7953,480,000
Interest Payable7,61214,84225,67731,74624,76612,7652,2002,0987,2317,231121,365168,000
Interest Receivable5041257711662425181597681,8741,589211,1433,000
Pre-Tax Profit964,465892,920-53,71888,456231,7981,416,128-268,838-255,744-346,776-140,571254,823382,513984,4973,126,5733,315,000
Tax-241,116-169,655-16,807-44,042-269,064-58,609-91,803-20,894-827,539-923,000
Profit After Tax723,349723,265-53,71871,649187,7561,147,064-268,838-255,744-346,776-140,571196,214290,710963,6032,299,0342,392,000
Dividends Paid9,894,145
Retained Profit723,349723,265-53,71871,649187,7561,147,064-268,838-255,744-346,776-140,571196,214290,710963,603-7,595,1112,392,000
Employee Costs1,147,9511,025,1461,034,9861,064,2111,246,3371,073,521355,780528,1701,027,0932,549,3321,852,9801,709,003928,8583,566,5894,787,000
Number Of Employees26252729332910153175575214104136
EBITDA*1,015,249942,36375,390262,968442,7161,591,004-142,233-199,682-131,1648,591271,959393,5921,111,3393,445,7483,732,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Tangible Assets76,09456,38173,091140,185218,865318,695222,832198,51128,098497,81652,28153,554215,731205,0412,054,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets76,09456,38173,091140,185218,865318,695222,832198,51128,098497,81652,28153,554215,731205,0412,054,000
Stock & work in progress691,276712,286660,758563,143458,362476,893391,988394,615637,890790,059388,953497,173361,349373,0424,004,000
Trade Debtors612,806598,451354,014793,2811,121,492522,187447,115232,688435,3623,497,0962,390,1101,994,922998,6511,170,1105,511,000
Group Debtors7,124,1746,211,5295,340,3915,360,4313,233,7643,380,4322,135,6281,321,9813,083,535969,879
Misc Debtors213,44312,27155,81560,624125,957200,76916,68753,19833,3621,360244,792396,000
Cash14,3744,8421,02982013,6728,298168,2281,84812,40351,264255,923493,803141,8861,226,1327,194,000
misc current assets140
total current assets8,656,0737,539,3796,412,0076,778,2994,953,2474,588,5793,159,6462,004,3304,202,5524,338,5593,034,9862,985,8982,473,1253,014,07617,105,000
total assets8,732,1677,595,7606,485,0986,918,4845,172,1124,907,2743,382,4782,202,8414,230,6504,836,3753,087,2673,039,4522,688,8563,219,11719,159,000
Bank overdraft135,329154,276606,517434,336377,67955767,127222,494
Bank loan
Trade Creditors 382,177263,429221,976195,704355,394292,09772,186142,487143,511301,415446,311592,089321,517212,1942,014,000
Group/Directors Accounts3,278,3792,721,1732,865,4692,809,8791,128,3111,128,3111,128,31131,1521,745,3271,478,7931,622,126586,000
other short term finances
hp & lease commitments78,84768,749
other current liabilities466,653547,349257,957251,429290,224333,096552,39764,210188,203329,851201,009180,6213,379,000
total current liabilities4,206,0563,736,0293,499,6783,863,5292,208,2652,131,1831,753,451304,9762,077,0412,332,553446,311592,089522,5262,014,9415,979,000
loans
hp & lease commitments1,950,000
Accruals and Deferred Income
other liabilities97,719154,6883,64219,459
provisions3,4372,62112,29813,747
total long term liabilities97,719154,6883,64219,4593,4372,62112,29813,7471,950,000
total liabilities4,303,7753,890,7173,503,3203,882,9882,208,2652,131,1831,753,451304,9762,077,0412,335,990446,311594,710534,8242,028,6887,929,000
net assets4,428,3923,705,0432,981,7783,035,4962,963,8472,776,0911,629,0271,897,8652,153,6092,500,3852,640,9562,444,7422,154,0321,190,42911,230,000
total shareholders funds4,428,3923,705,0432,981,7783,035,4962,963,8472,776,0911,629,0271,897,8652,153,6092,500,3852,640,9562,444,7422,154,0321,190,42911,230,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Operating Activities
Operating Profit971,573907,637-28,048120,194256,5531,428,232-267,063-253,664-339,704-134,108252,949380,924984,4763,246,7953,480,000
Depreciation43,67634,726103,438142,774186,163162,772124,83053,982208,540142,69919,01012,668126,863198,953252,000
Amortisation
Tax-241,116-169,655-16,807-44,042-269,064-58,609-91,803-20,894-827,539-923,000
Stock-21,01051,52897,615104,781-18,53184,905-2,627-243,275-152,169401,106-108,220135,824361,349-3,630,9584,004,000
Debtors1,128,1721,072,031-464,1161,733,123377,8251,503,958991,563-1,944,39255,1631,106,986395,18825,0321,969,890-4,492,0985,907,000
Creditors118,74841,45326,272-159,69063,297219,911-70,301-1,024-157,904-144,896-145,778270,572321,517-1,801,8062,014,000
Accruals and Deferred Income-80,696289,3926,528-38,795-42,872-219,301488,187-123,993-141,648329,851-201,009201,009-3,198,3793,379,000
Deferred Taxes & Provisions-3,4373,437-2,621-9,67712,29813,747
Cash flow from operations-294,977-20,006474,691-1,790,22859,805-266,313-713,2831,862,968-337,147-1,311,109-222,017200,819-705,9705,754,827-1,709,000
Investing Activities
capital expenditure-63,389-18,016-36,344-64,094-86,333-258,635-149,151-224,395261,178-588,234-17,737149,509-342,5941,650,006-2,306,000
Change in Investments
cash flow from investments-63,389-18,016-36,344-64,094-86,333-258,635-149,151-224,395261,178-588,234-17,737149,509-342,5941,650,006-2,306,000
Financing Activities
Bank loans
Group/Directors Accounts557,206-144,29655,5901,681,5681,097,159-1,714,175266,5341,478,7931,036,126586,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments10,09868,749-1,950,0001,950,000
other long term liabilities-56,969151,046-15,81719,459
share issue1,190,429-2,444,4608,838,000
interest-7,108-14,717-25,670-31,739-24,755-12,103-1,775-2,080-7,072-6,4631,8741,58921-120,222-165,000
cash flow from financing503,22760,78214,1031,669,288-24,755-12,1031,095,384-1,716,255259,4621,472,3301,8741,5891,190,450-3,478,55611,209,000
cash and cash equivalents
cash9,5323,813209-12,8525,374-159,930166,380-10,555-38,861-204,659-237,880351,917141,886-5,967,8687,194,000
overdraft-135,329-18,947-452,241172,18156,657377,122-66,57067,127-222,494222,494
change in cash144,86122,760452,450-185,033-51,283-537,052232,950-77,682183,633-427,153-237,880351,917141,886-5,967,8687,194,000

glacier machining solutions limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Glacier Machining Solutions Limited Competitor Analysis

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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 Shareholders

glacier energy services holdings ltd 100%

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).

officercountryagestartendrole
Mr Scott MartinUnited Kingdom56 years Mar 2011- Director
Mr Sandy Smart63 years Sep 2019- Director

P&L

March 2024

turnover

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 2024

net 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

accounts

Small Company

last accounts submitted

March 2024

previous names

roberts machining solutions limited (April 2018)

roberts pipeline machining limited (November 2014)

See more

accountant

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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