FORTUM GLASGOW LIMITED
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Cash
£15M
-56.1% lowest in 3 filed years
Net assets
£99M
+65% highest in 3 filed years
Employees
—
Average over period
Profit before tax
-£21K
+98.2% highest in 3 filed years
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | -£1,194,000 | -£632,000 | -£146,000 | +76.9% | |
| Profit before tax | -£1,476,000 | -£1,146,000 | -£21,000 | +98.2% | |
| Net profit | £1,701,000 | £2,452,000 | £3,747,000 | +52.8% | |
| Cash | £21,373,000 | £33,173,000 | £14,557,000 | -56.1% | |
| 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 | £99,189,000 | +65% | |
| 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | -0.9% | -0.3% | — | |
| Gearing (liabilities / total assets) | 81.7% | 76.2% | — | |
| Current ratio | 2.95x | 4.13x | 1.45x |
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
“Financial projections indicate sufficient cash flows to service debt and meet liabilities. No material uncertainties related to events or conditions cast significant doubt on the company's ability to continue. Directors have a reasonable expectation of adequate resources for operational existence and continue to adopt the going concern basis of accounting.”
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 117 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-30 | AA | accounts | Accounts with accounts type full | |
| 2026-06-18 | SH01 | capital | Capital allotment shares | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 12
- 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.