GLACIER ENERGY SERVICES LIMITED

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

• Turnover

  +11.3%

  £14,184,839 → £15,787,140

• Cash

  -100%

  £39,281 → £3

  lowest in 4 filed years

• Net assets

  +180.8%

  £332,259 → £932,818

• Employees

  -28.6%

  70 → 50

• Operating profit

  +73.9%

  £322,645 → £560,954

• Profit before tax

  +74%

  £322,219 → £560,812

• Wages

  +7.9%

  £3,540,481 → £3,821,906

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

Margins divide P&L lines by turnover. 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.

1. GLACIER ENERGY SERVICES LIMITED 2015-12-02 → present
2. PTS OFFSHORE LIMITED 2015-12-02 → 2015-12-02
3. ROSS OFFSHORE CONSULTANCY LIMITED 1998-08-21 → 2015-12-02

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“With the successful completion of the refinance combined with a focus on the core strategy, which includes the company, and supported by the detailed financial forecasts demonstrating sufficient current and future headroom within the group's CID facility, the directors have reasonable assurance over the company's financial resilience going forward and as such, have adopted the going concern basis of accounting in preparing these financial statements.”

Group structure

1. GLACIER ENERGY SERVICES LIMITED · parent
   1. Aberdeen Radiators Limited 100% · UK · Non-trading

Significant events

• “The company has added the design and manufacture of heat exchangers to its offering.”
• “The company is part of the wider Glacier Topco Limited group, which post year end encountered difficult trading conditions, through a mixture of market headwinds and significant ongoing investment requirements. This resulted in the group requiring additional funding and a refinancing exercise was conducted in late 2025, with support from existing shareholders and asset finance. The refinancing exercise identified a need for additional funding of £3.7m, to allow the group to settle working capital stretch and focus on core strategy. The refinancing exercise was completed in early January 2026, with the £3.7m being raised, through a mixture of new loan notes from existing shareholders (£2.5m) and the introduction of new asset finance (£1.2m).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

14

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.