GLACIER ENERGY SERVICES LIMITED

📈Growthactive

SC188687 · ltd · incorporated 1998-08-21

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

68/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Leverage-led grower. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (62/100).

🏦

Refinance opportunity

11 live charges · 8 lenders · oldest 18.2y

45/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 18.2 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

12 officers (3 active, 12 linked, 9 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

11 connected companies via shared directors

Filing history

130 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £560,812

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Profit before tax	£560.8k	£322.2k
Average employees	50	7000

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 10 mortgage
• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (59 events)Click to expand

2026-03-31
📄
accounts-with-accounts-type-full
accounts · AA
2026-01-21
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-21
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-21
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-21
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-21
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-21
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-13
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-10
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-10
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-01-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-06
🔒
Charge registered #11
Lender: Averroes Capital Limited (As Security Trustee)
2026-01-06
🔒
Charge registered #10
Lender: Averroes Capital Limited as Security Trustee
2026-01-05
➕
ERSKINE, Kenneth James David appointed
director
2025-04-30
📄
mortgage-create-with-deed
mortgage · MR01
2025-04-30
📄
mortgage-create-with-deed
mortgage · MR01
2025-04-29
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-04-25
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-04-22
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-04-22
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-04-19
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-04-19
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-03-31
➖
SCOTT, Andrew Edwin Allan resigned
director
2025-03-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-26
🔒
Charge registered #9
Lender: Igf Business Credit Limited
2024-10-16
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-05
🔒
Charge registered #8
Lender: Bgf Nominees Limited as Security Trustee for the Beneficiaries
2024-07-05
🔒
Charge registered #7
Lender: Bgf Nominees Limited as Security Trustee for the Beneficiaries
2023-12-19
🔓
Charge satisfied #3
2023-12-15
🔒
Charge registered #6
Lender: Averroes Capital Limited as Security Trustee for Each of the Secured Parties (As Defined in the Instrument Accompanying This MR01)
2023-12-15
🔒
Charge registered #5
Lender: Averroes Capital Limited (As Security Trustee)
2021-12-30
🔓
Charge satisfied #2
2021-12-23
🔒
Charge registered #4
Lender: Igf Business Credit Limited
2021-01-07
➕
SCOTT, Andrew Edwin Allan appointed
director
2020-03-16
➖
MCDOUGALL, Duncan Dargie resigned
director
2019-09-02
➖
SMART, Sandy resigned
director
2017-03-23
➕
MCDOUGALL, Duncan Dargie appointed
director
2017-03-15
➖
KILMURRY, Martin resigned
director
2016-01-06
➕
KILMURRY, Martin appointed
director
2015-11-30
➕
SMART, Sandy appointed
director
2015-08-15
➖
ROSS, Tobias Gordon resigned
director
2015-08-14
🔒
Charge registered #3
Lender: Maven Capital Partners UK LLP (Acting in Its Capacity as Security Trustee)
2015-04-02
➖
MCALEESE, Jim resigned
director
2015-01-15
➖
DERRY, Mark John resigned
director
2015-01-15
➕
MCALEESE, Jim appointed
director
2013-08-16
➕
BLACKWOOD PARTNERS LLP appointed
corporate-secretary
2013-08-16
➕
MARTIN, Scott appointed
director
2013-08-16
➖
ROSS, Sheena resigned
secretary

Showing most recent 50 of 59 events

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

49/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

8 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Glacier Energy Services Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Glacier Energy Services Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

GLACIER ENERGY SERVICES LIMITED

This company · SC188687

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Glacier Energy Services Holdings Limited Corporate entity	75–100%	75–100%	board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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UNIQUE SYSTEM (UK) LIMITED→ SC356252 · est 2009	£28.64M £21.48M–£35.80M	£23.27M	—	3800	17y	95	65y
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CASTLETON FRUIT LTD.→ SC369372 · est 2009	£2.18M £1.63M–£2.72M	£15.34M	—	30100	16y	83	52y
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PARK AND SHINE LTD→ SC380696 · est 2010	£52.9k £39.7k–£66.1k	—	—	300	15y	85	75y
NORTH OFFSHORE LIMITED→ SC328499 · est 2007	—	—	£4.74M	—	18y	88	73y
ACUMEN FINANCIAL PLANNING LIMITED→ SC215343 · est 2001	—	—	£1.05M	—	25y	83	74y
ANIRAC LIMITED→ SC280789 · est 2005	—	—	£1.67M	—	21y	83	85y
ASHLEY PROPERTIES ABERDEEN LIMITED→ SC315836 · est 2007 · no financials extracted	—	—	—	—	19y	83	78y
BUILDTALL LIMITED→ SC235986 · est 2002	—	—	£4.39M	—	23y	83	59y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated1998-08-21

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Blackwood House

Union Grove Lane

Aberdeen

AB10 6XU

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-09-04

Last: 2025-08-21

Officers (3 active · 9 resigned)

BLACKWOOD PARTNERS LLP→

corporate-secretary · appointed 2013-08-16

View their other companies + combined net worth →

Active

ERSKINE, Kenneth James David→

director · ~42y · appointed 2026-01-05

View their other companies + combined net worth →

Active

MARTIN, Scott→

director · ~57y · appointed 2013-08-16

View their other companies + combined net worth →

Active

ROSS, Sheena→

secretary · appointed 1998-08-21 · resigned 2013-08-16

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1998-08-21 · resigned 1998-08-21

Resigned

DERRY, Mark John→

director · ~65y · appointed 2013-08-16 · resigned 2015-01-15

Resigned

KILMURRY, Martin→

director · ~70y · appointed 2016-01-06 · resigned 2017-03-15

Resigned

MCALEESE, Jim→

director · ~63y · appointed 2015-01-15 · resigned 2015-04-02

Resigned

MCDOUGALL, Duncan Dargie→

director · ~63y · appointed 2017-03-23 · resigned 2020-03-16

Resigned

ROSS, Tobias Gordon→

director · ~70y · appointed 1998-08-21 · resigned 2015-08-15

Resigned

SCOTT, Andrew Edwin Allan→

director · ~63y · appointed 2021-01-07 · resigned 2025-03-31

Resigned

SMART, Sandy→

director · ~65y · appointed 2015-11-30 · resigned 2019-09-02

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:11 of 11 shown

		Type	Properties
outstanding	Averroes Capital (As Security Trustee) Averroes Capital Limited (As Security Trustee)	A registered charge	—	06/01/2026	—
outstanding	Averroes Capital as Security Trustee Averroes Capital Limited as Security Trustee	A registered charge	—	06/01/2026	—
outstanding	Igf Business Credit Igf Business Credit Limited	A registered charge	—	26/03/2025	—
outstanding	Bgf Nominees as Security Trustee for the Beneficiaries Bgf Nominees Limited as Security Trustee for the Beneficiaries	A registered charge	—	05/07/2024	—
outstanding	Bgf Nominees as Security Trustee for the Beneficiaries Bgf Nominees Limited as Security Trustee for the Beneficiaries	A registered charge	—	05/07/2024	—
outstanding	Averroes Capital as Security Trustee for Each of the Secured Parties (As Defined in the Instrument Accompanying This MR01) Averroes Capital Limited as Security Trustee for Each of the Secured Parties (As Defined in the Instrument Accompanying This MR01)	A registered charge	—	15/12/2023	—
outstanding	Averroes Capital (As Security Trustee) Averroes Capital Limited (As Security Trustee)	A registered charge	—	15/12/2023	—
outstanding	Igf Business Credit Igf Business Credit Limited	A registered charge	1 property	23/12/2021	—
satisfied	Maven Capital Partners UK (Acting in Its Capacity as Security Trustee) Maven Capital Partners UK LLP (Acting in Its Capacity as Security Trustee)	A registered charge	—	14/08/2015	19/12/2023
satisfied	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	16/08/2013	30/12/2021
satisfied	Lloyds Banking Group Royal Bank of Scotland PLC	Bond & floating charge	1 property	20/02/2008	14/08/2013

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (130 total)

accounts-with-accounts-type-full

accounts · AA

2026-03-31

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-21

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-21

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-21

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-21

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-21

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-21

appoint-person-director-company-with-name-date

officers · AP01

2026-01-15

termination-director-company-with-name-termination-date

officers · TM01

2026-01-14

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-01-13

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-10

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2026-01-10

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-01-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-08-27

mortgage-create-with-deed

mortgage · MR01

2025-04-30