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.

Type
Private
HQ
Glasgow, GB
Founded
2011
Size (employees)
103 (est)-4%
Glacier was founded in 2011 and is headquartered in Glasgow, GB
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Glacier Office Locations

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

Summary Metrics

Founding Date

2011
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Glacier Financials

Glacier's revenue was reported to be £20.20 m in FY, 2017
GBP

Revenue (FY, 2017)

20.2 m

Gross profit (FY, 2017)

7.3 m

Gross profit margin (FY, 2017), %

36.3%

Net income (FY, 2017)

(4.4 m)

EBITDA (FY, 2017)

(25 k)

EBIT (FY, 2017)

(2 m)

Cash (31-Mar-2017)

381.2 k
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

5.4 m9.7 m14.7 m25.9 m22.7 m20.2 m

Revenue growth, %

76%(13%)

Cost of goods sold

2.7 m5.7 m7.2 m14.3 m12.9 m12.9 m

Gross profit

2.7 m4 m7.5 m11.7 m9.8 m7.3 m
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

307.2 k578.6 k1.2 m1.1 m939.9 k381.2 k

Accounts Receivable

1.6 m2.7 m4.4 m5.2 m3.8 m3.5 m

Inventories

470 k567.7 k666.4 k1.6 m1.3 m826.7 k

Current Assets

2.5 m4.1 m7.3 m9.1 m7.4 m5.9 m
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(493.7 k)(682.9 k)(1.1 m)(956.9 k)(4.9 m)(4.4 m)

Cash From Operating Activities

345.8 k1.1 m3.4 m52.3 k1.3 m817.5 k

Cash From Financing Activities

8.3 m926.5 k5.9 m(564.4 k)738.2 k(326.4 k)

Net Change in Cash

307.2 k230.3 k447.1 k(1.5 m)(660.6 k)(443.5 k)
GBPY, 2017

Revenue/Employee

244.6 k

Debt/Equity

-0.3 x

Debt/Assets

0.1 x

Financial Leverage

-2.1 x
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Glacier News and Updates

Fat Biking Knik Glacier

From filmmaker Cale Green, Fat Biking Knik Glacier features the rider biking around the glacier with musical accompaniment from Odesza.

Researchers use deep-diving seals to track melting ice sheets in Antarctica

Hefty elephant seals regularly dive more than 2,500 feet underwater, holding their breath for 30 minutes while swimming in the dark, frigid ocean depths. This remarkable ability makes these mammals well-suited to collect critical data about deep, warming ocean waters that scientists believe could …

Boaty McBoatface is heading to Antarctica to help scientists answer urgent questions

The British research submarine that the internet named "Boaty McBoatface" is headed to Antarctica as part of the largest U.S. scientific collaboration with the U.K. in Antarctica in 70 years.  The project, which will involve more than 100 scientists when it gets started later this year, is aimed a…

One of the scariest effects of climate change might already be happening — and it'd mean our projections are way off

Warm waters are pooling underneath Antarctic glaciers in a way that's causing glaciers to melt more rapidly and preventing the formation of cool water beneath Antarctica, according to a new study. This could slow ocean currents and potentially lead to a rapid sea-level rise event known as a pulse.…

Here’s how fast a glacier can slip into the sea once it’s destabilized

There’s a foreboding climate-change lesson nestled in the Chugach Mountains of southeastern Alaska. Or rather, the lesson is in the 12-plus miles of bare sea…

BRIEF-Advantage Announces Glacier Gas Plant Expansion Update

* ADVANTAGE ANNOUNCES GLACIER GAS PLANT EXPANSION UPDATE, LOWERING NATURAL GAS PRODUCTION & INCREASING LIQUIDS RICH DRILLING
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