Glacier Welding Solutions Limited

POWER SEARCH PRICING

SOLUTIONS

glacier welding solutions limited Company Information

Live

EstablishedSmallDeclining

Company Number

SC401727

Website

www.glacier.co.uk

Registered Address

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

Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Telephone

441224515517

Next Accounts Due

December 2024

Group Structure

View All

Directors

Robert Hutcheson13 Years

Scott Martin11 Years

Shareholders

glacier energy services holdings limited 100%

glacier welding solutions limited Estimated Valuation

£8m

Pomanda estimates the enterprise value of GLACIER WELDING SOLUTIONS LIMITED at £8m based on Net Assets of £2.5m and 3.18x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Glacier Welding Solutions Limited is a live company located in aberdeen, AB10 6XU with a Companies House number of SC401727. It operates in the other engineering activities sector, SIC Code 71129. Founded in June 2011, it's largest shareholder is glacier energy services holdings limited with a 100% stake. Glacier Welding Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Glacier Welding Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £3.1m, make it larger than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (3.2%)

EXPORT

Glacier Welding Solutions Limited's latest turnover from March 2023 is estimated at £3.1 million and the company has net assets of £2.5 million. According to their latest financial statements, Glacier Welding Solutions Limited has 16 employees and maintains cash reserves of £416 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Turnover	3,110,609	1,868,850	2,751,494	5,338,469	4,766,795	5,703,335	3,217,614	5,568,725	7,819,257	7,016,844	11,058,305	5,241,090
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,052,930	1,237,920	1,836,696	3,670,329	3,139,151	3,648,142	2,007,981	3,492,896	4,264,555	3,934,477	7,113,134	3,216,095
Gross Profit	1,057,678	630,930	914,797	1,668,140	1,627,644	2,055,192	1,209,633	2,075,829	3,554,702	3,082,367	3,945,171	2,024,995
Admin Expenses	963,147	846,289	1,346,704	935,787	1,216,203	2,523,017	685,774	1,071,653	2,559,740	3,041,962	3,148,196	1,885,703
Operating Profit	94,531	-215,359	-431,907	732,353	411,441	-467,825	523,859	1,004,176	994,962	40,405	796,975	139,292
Interest Payable	34,257	21,010	50,213	61,616	86,236	64,613	7,615	18,263	23,123	20,535	0	0
Interest Receivable	9	30	6	12	152	52	172	396	0	0	361	278
Pre-Tax Profit	60,283	-236,339	-482,114	670,749	325,357	-532,386	516,416	986,309	971,839	19,870	797,337	139,570
Tax	-11,454	0	0	-127,442	-61,818	0	-103,283	-197,262	21,123	-8,571	-191,361	-36,288
Profit After Tax	48,829	-236,339	-482,114	543,307	263,539	-532,386	413,133	789,047	992,962	11,299	605,976	103,282
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	48,829	-236,339	-482,114	543,307	263,539	-532,386	413,133	789,047	992,962	11,299	605,976	103,282
Employee Costs	783,694	1,000,005	1,149,995	1,384,601	1,487,515	1,478,242	1,703,070	2,218,689	2,609,663	2,550,164	4,234,640	2,099,093
Number Of Employees	16	21	26	31	32	34	39	49	58	58	100	51
EBITDA*	129,492	-179,257	-402,482	806,576	728,705	-324,294	810,648	1,254,671	1,303,945	379,546	956,351	179,742

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Tangible Assets	44,113	77,854	113,956	104,183	186,438	427,553	553,734	422,842	509,137	739,933	348,408	376,684
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	44,113	77,854	113,956	104,183	186,438	427,553	553,734	422,842	509,137	739,933	348,408	376,684
Stock & work in progress	223,982	94,347	94,895	231,431	210,738	145,826	84,269	143,901	233,522	143,359	70,559	108,603
Trade Debtors	795,805	371,562	487,645	1,537,630	1,274,582	1,553,360	673,968	1,254,421	1,715,033	1,591,577	1,955,900	841,949
Group Debtors	4,012,844	3,649,539	4,187,632	4,465,397	3,568,716	3,895,559	4,133,693	2,614,782	2,330,553	746,112	0	0
Misc Debtors	5,996	3,008	1,510	86,462	280,855	74,494	46,903	34,657	93,848	15,582	0	0
Cash	416	0	7,971	3,498	19,628	20,785	0	137,588	20,700	8,702	33,396	111,153
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,039,043	4,118,456	4,779,653	6,324,418	5,354,519	5,690,024	4,938,833	4,185,349	4,393,656	2,505,332	2,059,855	1,061,705
total assets	5,083,156	4,196,310	4,893,609	6,428,601	5,540,957	6,117,577	5,492,567	4,608,191	4,902,793	3,245,265	2,408,263	1,438,389
Bank overdraft	482,788	185,646	436,865	1,209,462	810,721	1,744,408	243,677	0	561,938	110,448	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	405,303	196,276	382,359	465,684	496,239	575,850	223,451	342,515	585,840	536,707	1,636,802	1,181,477
Group/Directors Accounts	1,090,519	1,053,667	1,104,356	1,171,453	1,019,573	610,644	1,260,410	894,204	826,953	528,015	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	112,577	133,337	162,122	134,283	182,590	0	0
other current liabilities	369,135	271,475	223,988	391,842	541,668	578,927	478,504	626,457	908,224	888,153	0	0
total current liabilities	2,347,745	1,707,064	2,147,568	3,238,441	2,868,201	3,622,406	2,339,379	2,025,298	3,017,238	2,245,913	1,636,802	1,181,477
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	80,326	172,035	278,794	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	214,875	17,539	37,995	0	25,903	111,857	237,488	0	0	0	62,202	148,953
provisions	0	0	0	0	0	0	0	0	0	0	0	4,676
total long term liabilities	214,875	17,539	37,995	0	25,903	111,857	237,488	80,326	172,035	278,794	62,202	153,629
total liabilities	2,562,620	1,724,603	2,185,563	3,238,441	2,894,104	3,734,263	2,576,867	2,105,624	3,189,273	2,524,707	1,699,004	1,335,106
net assets	2,520,536	2,471,707	2,708,046	3,190,160	2,646,853	2,383,314	2,915,700	2,502,567	1,713,520	720,558	709,259	103,283
total shareholders funds	2,520,536	2,471,707	2,708,046	3,190,160	2,646,853	2,383,314	2,915,700	2,502,567	1,713,520	720,558	709,259	103,283

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012
Operating Activities
Operating Profit	94,531	-215,359	-431,907	732,353	411,441	-467,825	523,859	1,004,176	994,962	40,405	796,975	139,292
Depreciation	34,961	36,102	29,425	74,223	317,264	143,531	286,789	250,495	308,983	339,141	159,376	40,450
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,454	0	0	-127,442	-61,818	0	-103,283	-197,262	21,123	-8,571	-191,361	-36,288
Stock	129,635	-548	-136,536	20,693	64,912	61,557	-59,632	-89,621	90,163	72,800	-38,044	108,603
Debtors	790,536	-652,678	-1,412,702	965,336	-399,260	668,849	950,704	-235,574	1,786,163	397,371	1,113,951	841,949
Creditors	209,027	-186,083	-83,325	-30,555	-79,611	352,399	-119,064	-243,325	49,133	-1,100,095	455,325	1,181,477
Accruals and Deferred Income	97,660	47,487	-167,854	-149,826	-37,259	100,423	-147,953	-281,767	20,071	888,153	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-4,676	4,676
Cash flow from operations	-495,446	335,373	895,577	-487,276	884,365	-601,878	-450,724	857,512	-482,054	-311,138	139,732	379,055
Investing Activities
capital expenditure	-1,220	0	-39,198	8,032	-76,149	-17,350	-417,681	-164,200	-78,187	-730,666	-131,100	-417,134
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,220	0	-39,198	8,032	-76,149	-17,350	-417,681	-164,200	-78,187	-730,666	-131,100	-417,134
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	36,852	-50,689	-67,097	151,880	408,929	-649,766	366,206	67,251	298,938	528,015	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-112,577	-20,760	-109,111	-63,870	-155,066	461,384	0	0
other long term liabilities	197,336	-20,456	37,995	-25,903	-85,954	-125,631	237,488	0	0	-62,202	-86,751	148,953
share issue	0	0	0	0	0	0	0	0	0	0	0	1
interest	-34,248	-20,980	-50,207	-61,604	-86,084	-64,561	-7,443	-17,867	-23,123	-20,535	361	278
cash flow from financing	199,940	-92,125	-79,309	64,373	124,314	-860,718	487,140	-14,486	120,749	906,662	-86,390	149,232
cash and cash equivalents
cash	416	-7,971	4,473	-16,130	-1,157	20,785	-137,588	116,888	11,998	-24,694	-77,757	111,153
overdraft	297,142	-251,219	-772,597	398,741	-933,687	1,500,731	243,677	-561,938	451,490	110,448	0	0
change in cash	-296,726	243,248	777,070	-414,871	932,530	-1,479,946	-381,265	678,826	-439,492	-135,142	-77,757	111,153

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for glacier welding solutions limited. Get real-time insights into glacier welding solutions limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for glacier welding solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

GLACIER WELDING SOLUTIONS LIMITED group structure

Glacier Welding Solutions Limited has no subsidiary companies.

Ultimate parent company

GLACIER ENERGY SERVICES HOLDINGS LIMITED

SC393101

1 parent

GLACIER WELDING SOLUTIONS LIMITED

SC401727

GLACIER WELDING SOLUTIONS LIMITED Shareholders

glacier energy services holdings limited

100%

Glacier Welding Solutions Limited currently has 2 directors. The longest serving directors include Mr Robert Hutcheson (Jun 2011) and Mr Scott Martin (May 2013).

officer	country	age	start	end	role
Mr Robert Hutcheson	Scotland	54 years	Jun 2011	-	Director
Mr Scott Martin	United Kingdom	55 years	May 2013	-	Director

P&L

March 2023

turnover

3.1m

+66%

operating profit

94.5k

gross margin

34.1%

+0.72%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

2.5m

+0.02%

total assets

5.1m

+0.21%

cash

416

net assets

Total assets minus all liabilities

Similar Companies

Agree?

simmers contracts ltd

g.a. engineering (scotland) ltd.

bfm properties ltd

2.5

gemini mechanical services engineers ltd

cooper cromar limited

company number

SC401727

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

June 2011

age

accounts

Small Company

ultimate parent company

GLACIER ENERGY SERVICES HOLDINGS LIMITED

previous names

wellclad limited (April 2018)

incorporated

address

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

last accounts submitted

March 2023

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 5 charges/mortgages relating to glacier welding solutions limited. Currently there are 3 open charges and 2 have been satisfied in the past.

glacier welding solutions limited Company Information

glacier welding solutions limited Estimated Valuation

glacier welding solutions limited Estimated Valuation

glacier welding solutions limited Estimated Valuation

Glacier Welding Solutions Limited Overview

Glacier Welding Solutions Limited Health Check

GLACIER WELDING SOLUTIONS LIMITED financials

glacier welding solutions limited Credit Report and Business Information

Glacier Welding Solutions Limited Competitor Analysis

glacier welding solutions limited Ownership

glacier welding solutions limited directors

glacier welding solutions limited company details

glacier welding solutions limited Charges & Mortgages

glacier welding solutions limited Companies House Filings - See Documents