FORTUM GLASGOW LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-18 (in 4mo)
Last made up 2025-09-04
Watchouts
None on the register
Cash
£33M
+55.2% vs 2023
Net assets
£60M
+122.5% vs 2023
Employees
—
Average over period
Profit before tax
-£1M
+22.4% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£1,194,000 | -£632,000 | |
| Profit before tax | -£1,476,000 | -£1,146,000 | |
| Net profit | £1,701,000 | £2,452,000 | |
| Cash | £21,373,000 | £33,173,000 | |
| Total assets less current liabilities | £139,484,000 | £243,868,000 | |
| Net assets | £27,026,000 | £60,130,000 | |
| Equity | £27,026,000 | £60,130,000 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+55.2%
£21,373,000 £33,173,000
-
Net assets
+122.5%
£27,026,000 £60,130,000
-
Employees
—
Not reported
-
Operating profit
+47.1%
-£1,194,000 -£632,000
-
Profit before tax
+22.4%
-£1,476,000 -£1,146,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -0.9% | -0.3% | |
| Gearing (liabilities / total assets) | 81.7% | 76.2% | |
| Current ratio | 2.95x | 4.13x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FORTUM GLASGOW LIMITED 2016-10-28 → present
- FORTUM ROTHERHAM LIMITED 2016-09-05 → 2016-10-28
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte (NI) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Following financial close of the project in July 2022, the focus of the company has been the construction of the plant in a manner which fully complies with the planning and environmental permit conditions. The facility will provide a vital outlet for the sustainable treatment of up to 350kt per annum of residential waste and will generate up to 40 megawatts of low carbon energy.”
- “The capital expenditure during the year was £89,520,000 (2023: £62,695,000). The reason that the development spend is significantly higher this year compared to last year is due to the project being further along the development.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| APEX SECRETARIES LLP | Corporate Secretary | 2022-09-01 | — | — |
| CIMDINA, Ginta | Director | 2024-05-24 | Dec 1973 | Latvian |
| KRAVALE, Sigita | Director | 2025-03-31 | Dec 1978 | Latvian |
| NIIRANEN, Ilkka Johannes | Director | 2024-05-24 | Oct 1981 | Finnish |
| REYNOLDS, Michael James | Director | 2024-05-21 | Oct 1977 | British |
| SCOTT, Joseph David | Director | 2024-05-21 | Feb 1989 | British |
| SUOMI, Juha Olavi | Director | 2024-05-02 | Mar 1966 | Finnish |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GOODWILLE LIMITED | Corporate Secretary | 2017-01-01 | 2022-09-01 |
| CIMDINA, Ginta | Director | 2022-03-01 | 2023-11-28 |
| DIRACLES, David Hampton | Director | 2017-02-01 | 2021-11-08 |
| EDGAR, Matthew John | Director | 2022-03-01 | 2024-05-21 |
| HAMALAINEN, Hannes Pertti Olavi | Director | 2017-02-01 | 2017-10-05 |
| HARTLEY, Andrew Horsley Clifford | Director | 2022-06-24 | 2024-05-21 |
| HOEKSTRAND, Nils Ola | Director | 2021-11-08 | 2024-05-02 |
| KRAVALE, Sigita | Director | 2017-06-20 | 2022-06-24 |
| MCMAHON, Stewart Oliver | Director | 2022-03-01 | 2022-06-24 |
| MIKKONEN, Pasi | Director | 2016-09-05 | 2023-11-28 |
| PENTTILA, Kalle Erkki | Director | 2017-11-01 | 2022-03-01 |
| PHILLIPS, Charlotte | Director | 2024-05-21 | 2024-05-24 |
| RAUTPALO, Hilppa Riikka Sofia | Director | 2017-02-01 | 2017-05-18 |
| TOIJALA, Ilkka Juhani | Director | 2023-11-28 | 2025-03-31 |
| USKOLA, Jussi Olavi | Director | 2023-11-28 | 2024-05-24 |
| WAPLES, Christopher Brian | Director | 2022-06-24 | 2024-05-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| South Clyde Energy Recovery Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-03-01 | Active |
| Ivo Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-09-05 | Ceased 2022-03-01 |
Filing timeline
Last 20 of 115 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | SH01 | capital | Capital allotment shares | |
| 2025-12-15 | SH01 | capital | Capital allotment shares | |
| 2025-10-13 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-09-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-09-16 | CH01 | officers | Change person director company with change date | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-08-18 | SH01 | capital | Capital allotment shares | |
| 2025-07-17 | SH01 | capital | Capital allotment shares | |
| 2025-06-11 | SH01 | capital | Capital allotment shares | |
| 2025-05-19 | SH01 | capital | Capital allotment shares | |
| 2025-05-12 | AA | accounts | Accounts with accounts type full | |
| 2025-04-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-17 | SH01 | capital | Capital allotment shares | |
| 2025-02-18 | SH01 | capital | Capital allotment shares | |
| 2024-12-18 | SH01 | capital | Capital allotment shares | |
| 2024-12-06 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-11-27 | SH01 | capital | Capital allotment shares | |
| 2024-10-15 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 13
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.