UST GLOBAL PRIVATE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-09
Overdue
Watchouts
Cash
£8M
USD 11,187,001
+15.6% vs 2023
Net assets
£63M
USD 84,570,329
+19.1% vs 2023
Employees
403
-7.8% vs 2023
Profit before tax
£12M
USD 16,306,403
-24.6% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-09.
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £361,380,026 | £450,660,491 | |
| Operating profit | £18,941,727 | £12,026,928 | |
| Profit before tax | £16,173,223 | £12,189,880 | |
| Net profit | £10,478,127 | £8,287,947 | |
| Cash | £7,235,456 | £8,362,862 | |
| Total assets less current liabilities | £53,075,597 | £63,220,699 | |
| Net assets | £53,075,597 | £63,220,699 | |
| Equity | £53,075,563 | £63,220,699 | |
| Average employees | 437 | 403 | |
| Wages | £28,711,672 | £30,590,566 | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+24.7%
£361,380,026 £450,660,491
-
Cash
+15.6%
£7,235,456 £8,362,862
-
Net assets
+19.1%
£53,075,597 £63,220,699
-
Employees
-7.8%
437 403
-
Operating profit
-36.5%
£18,941,727 £12,026,928
-
Profit before tax
-24.6%
£16,173,223 £12,189,880
-
Wages
+6.5%
£28,711,672 £30,590,566
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 5.2% | 2.7% | |
| Net margin | 2.9% | 1.8% | |
| Return on capital employed | 35.7% | 19.0% | |
| Gearing (liabilities / total assets) | 79.4% | 80.7% | |
| Current ratio | 1.20x | 1.19x | |
| Interest cover | 287.64x | 114.79x |
Margins divide P&L lines by turnover. 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 2 times since incorporation
- UST GLOBAL PRIVATE LIMITED 2009-02-05 → present
- UST (GLOBAL) PRIVATE LIMITED 2008-04-07 → 2009-02-05
- UST (EUROPE) PRIVATE LIMITED 2006-04-25 → 2008-04-07
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- KNAV Limited.
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Due to macroeconomic factors in the UK economy, the company faces a degree of uncertainty regarding its top and bottom-line growth. However, after carefully reviewing the company forecasts and projections including severe but plausible downside scenarios, and the availability of committed financing, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its standalone financial statements.”
Group structure
- UST GLOBAL PRIVATE LIMITED · parent
- UST Global (Denmark) ApS 100%
- UST Global Espana SA 100%
- UST (Ukraine) Limited Liability Company 100%
- UST Global (Poland) Sp. Z.o.o 100%
- UST Global Brazil S.L.* 100%
- UST Global Peru S.A.C. * 100%
- UST Global Columbia S.A.S* 100%
- UST Global Chile S.A.* 100%
- UST Global (Brazil) Solucoes De T.I. LTDA * 89%
- Abzooba, Inc. 63.15%
- Keen Software S.L. * 100%
- Abzooba India Infotech Pvt. Ltd * 63.15%
Significant events
- “During 2024 the company has shown stupendous performance. Apart from topline growth of 24.7%, the company has been successful, in driving sustainable transformation through its solutions, across all the verticals. Through its differentiated, fully digital end-to-end offerings, the company works collaboratively with its customer to develop disruptive solutions.”
- “During 2025, the company will be investing in the AI- powered intelligent automation platform, helping it to intelligently digitise and compress manual workflows. This investment will further the company's role as an offshore headquarter of UST.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2006-07-14 | — | — |
| CHANDARIA, Praful | Director | 2015-11-09 | Oct 1938 | British |
| PRABHAKARAN, Praveen | Director | 2025-09-24 | Mar 1974 | Indian |
| SUDHEENDRA, Krishna | Director | 2019-09-03 | Mar 1975 | Indian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RAMANATHAN, Raghunathan | Secretary | 2006-04-25 | 2006-07-14 |
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2006-04-25 | 2006-04-25 |
| CHANDARIA, Paras | Director | 2015-10-06 | 2024-08-06 |
| GOPALAN, Murali | Director | 2006-04-25 | 2007-05-08 |
| PILLAI, Sajan | Director | 2006-04-25 | 2019-09-03 |
| SUDHEENDRA, Krishna | Director | 2007-10-31 | 2013-02-27 |
| LEA YEAT LIMITED | Corporate Director | 2006-04-25 | 2006-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Iwan Josef Ackermann | Individual | significant-influence-or-control-as-trust | 2018-10-26 | Active |
| Angelika Iris Moosleithner | Individual | significant-influence-or-control-as-trust | 2018-10-26 | Active |
| Dr Robert Gregor Beck | Individual | Significant influence | 2017-03-03 | Ceased 2018-10-26 |
Filing timeline
Last 20 of 117 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-12-06 RESOLUTIONS Resolution
- 2024-12-06 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-22 | AP01 | officers | Appoint person director company with name date | |
| 2025-07-18 | AA | accounts | Accounts with accounts type full | |
| 2025-05-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-18 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-06 | RESOLUTIONS | resolution | Resolution | |
| 2024-12-06 | MA | incorporation | Memorandum articles | |
| 2024-11-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-24 | RP04PSC01 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2024-05-13 | RP04PSC01 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2024-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-17 | AA | accounts | Accounts with accounts type full | |
| 2023-07-05 | RP04PSC01 | persons-with-significant-control | Second filing notification of a person with significant control | |
| 2023-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-20 | CH01 | officers | Change person director company with change date | |
| 2023-02-20 | CH01 | officers | Change person director company with change date | |
| 2023-02-17 | CH01 | officers | Change person director company with change date | |
| 2022-09-27 | AA | accounts | Accounts with accounts type full | |
| 2022-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- 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.