CompanyTrack
F

FORTUM GLASGOW LIMITED

Active Reading

Production of electricity

0 employees
Production of electricity
F

FORTUM GLASGOW LIMITED

Production of electricity

Founded 5 Sept 2016 Active Reading, United Kingdom 0 employees
Production of electricity
Accounts Submitted 13 Oct 2025
Confirmation Statement Submitted 16 Sept 2025
Net assets £60.13M £33.10M 2024 year on year
Total assets £252.65M £104.75M 2024 year on year
Total Liabilities £192.52M £71.65M 2024 year on year
Charges 4
4 outstanding

AI Analysis

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Contact & Details

Registered Address

4th Floor Phoenix House 1 Station Hill Reading Berkshire RG1 1NB United Kingdom

Credit Report

Discover FORTUM GLASGOW LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2017–2024)

Cash in Bank

£33.17M

Increased by £11.80M (+55%)

Net Assets

£60.13M

Increased by £33.10M (+122%)

Total Liabilities

£192.52M

Increased by £71.65M (+59%)

Turnover

N/A

Employees

N/A

Debt Ratio

76%

Decreased by 6 (-7%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

27 Allotments 74,488,025 Shares £74.49m Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
20 Aug 20254,501,640£4.50m£1
7 Aug 20251,734,400£1.73m£1
25 Jul 20252,020,788£2.02m£1
24 Jun 2025997,920£998k£1
27 May 20254,630,976£4.63m£1

Officers

Officers

7 active 16 resigned
Status
Apex Secretaries LlpCorporate-secretaryUnited KingdomUnknown1 Sept 2022Active
Ginta CimdinaDirectorLatvianFinland5224 May 2024Active
Ilkka Johannes NiiranenDirectorFinnishFinland4424 May 2024Active
Joseph David ScottDirectorBritishUnited Kingdom3721 May 2024Active
Juha Olavi SuomiDirectorFinnishFinland592 May 2024Active
Michael James ReynoldsDirectorBritishUnited Kingdom4821 May 2024Active
Sigita KravaleDirectorLatvianFinland4731 Mar 2025Active

Shareholders

Shareholders (1)

South Clyde Energy Recovery Holdings Limited
100.0%
74,488,02616 Sept 2025

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

South Clyde Energy Recovery Holdings Limited

United Kingdom

Active
Notified 1 Mar 2022
Nature of Control
  • Ownership Of Shares 75 To 100 Percent
  • Voting Rights 75 To 100 Percent
  • Right To Appoint And Remove Directors

Ivo Energy Limited

Ceased 1 Mar 2022

Ceased

Group Structure

Group Structure

SOUTH CLYDE ENERGY RECOVERY HOLDINGS LIMITED united kingdom shares 25 to 50 percent, voting rights 25 to 50 percent, appoint/remove directors
LAPIN INVESTMENT LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
IVO ENERGY LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
FORTUM OYJ finland
GREEN INVESTMENT GROUP INVESTMENTS LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
GREN ENERGY LIMITED united kingdom
GREEN INVESTMENT GROUP LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
UK GREEN INVESTMENT BANK LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
FORTUM GLASGOW LIMITED Current Company

Charges

Charges

4 outstanding

Documents

Company Filings

DateCategoryDescriptionDocument
15 Dec 2025CapitalAllotment of shares (GBP 85,821,426) on 2025-10-23View(3 pages)
13 Oct 2025AccountsAnnual accounts made up to 2024-12-31View(44 pages)
16 Sept 2025Confirmation StatementConfirmation statement made on 2025-09-04 with updatesView(5 pages)
16 Sept 2025OfficersChange to director Mr Ilkka Johannes Niiranen on 2025-08-05View(2 pages)
15 Sept 2025CapitalAllotment of shares (GBP 69,986,386) on 2025-08-07View(3 pages)
15 Dec 2025 Capital

Allotment of shares (GBP 85,821,426) on 2025-10-23

13 Oct 2025 Accounts

Annual accounts made up to 2024-12-31

16 Sept 2025 Confirmation Statement

Confirmation statement made on 2025-09-04 with updates

16 Sept 2025 Officers

Change to director Mr Ilkka Johannes Niiranen on 2025-08-05

15 Sept 2025 Capital

Allotment of shares (GBP 69,986,386) on 2025-08-07

Recent Activity

Latest Activity

Allotment of shares (GBP 85,821,426) on 2025-10-23

2 months ago on 15 Dec 2025

Annual accounts made up to 2024-12-31

4 months ago on 13 Oct 2025

Confirmation statement made on 2025-09-04 with updates

5 months ago on 16 Sept 2025

Change to director Mr Ilkka Johannes Niiranen on 2025-08-05

5 months ago on 16 Sept 2025

Allotment of shares (GBP 69,986,386) on 2025-08-07

5 months ago on 15 Sept 2025