Glacier Energy Services: Providing specialist services for energy infrastructure.
Glacier Energy Services was formed in 2011, with the acquisition of Roberts Pipeline Machining and Wellclad from MB Aerospace in a management buyout.The buyout brought the existing management team together with a board led by oil and gas professionals with extensive global experience. The aim was to create a modern and energetic group focussed on exceeding the expectations of its international client base.Glacier has achieved significant, rapid growth through a buy-and-build strategy which has brought complementary, inter-related services together under one roof.

Company Growth (employees)
Type
Private
HQ
Glasgow, GB
Founded
2011
Size (employees)
97 (est)+4%
Glacier was founded in 2011 and is headquartered in Glasgow, GB

Glacier Office Locations

Glacier has offices in Glasgow, Aberdeen, Dalgety Bay, Boldon Colliery and in 3 other locations
Glasgow, GB (HQ)
London Rd
Birmingham, GB
Walker Dr
Aberdeen, GB
53 Wellington St
Rochester, US
07 2 Corporation Rd
Boldon Colliery, GB
Burford Way
Aberdeen, GB
Peterseat Dr

Glacier Data and Metrics

Summary Metrics

Founding Date

2011

Glacier Financial Metrics

Glacier's revenue was reported to be £22.7 m in FY, 2016 which is a 13% decrease from the previous period.
Numbers are in £, GBP

Revenue (FY, 2016)

22.7 m

Revenue growth (FY, 2015 - FY, 2016), %

(13%)

Gross profit (FY, 2016)

9.8 m

Gross profit margin (FY, 2016), %

43%

Net income (FY, 2016)

(4.6 m)

Cash (31-Mar-2016)

939.9 k
Numbers are in £, GBPFY, 2014FY, 2015FY, 2016

Revenue

14.7 m25.9 m22.7 m

Revenue growth, %

76%(13%)

Cost of goods sold

7.2 m14.3 m12.9 m

Gross profit

7.5 m11.7 m9.8 m

Gross profit Margin, %

51%45%43%

Operating expense total

7.2 m11.1 m12.4 m

Pre tax profit

(913.6 k)(956.9 k)(4.6 m)

Net Income

(1.1 m)(956.9 k)(4.6 m)
Numbers are in £, GBPFY, 2014FY, 2015FY, 2016

Cash

1.2 m1.1 m939.9 k

Accounts Receivable

4.4 m5.2 m3.8 m

Current Assets

7.3 m9.1 m7.5 m

PP&E

1.9 m1.7 m1.8 m

Goodwill

12.1 m11.9 m10.1 m

Total Assets

21.4 m22.7 m19.4 m

Accounts Payable

1.2 m2.2 m1.7 m

Current Liabilities

6.2 m9.3 m11.6 m

Retained Earnings

(1.1 m)(959.1 k)(4.6 m)

Total Equity

2 m728.6 k(3.8 m)

Financial Leverage

10.7 x31.1 x-5.1 x
Numbers are in £, GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

3.4 m52.3 k(792.2 k)

Cash From Financing Activities

5.9 m(564.4 k)738.2 k

Income Taxes Paid

(199.4 k)(28)43.8 k
Y, 2016

Financial Leverage

-5.1 x

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