UNION GLORY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-13
Overdue
Watchouts
Cash
£17M
USD 22,910,767
+81.1% highest in 3 filed years
Net assets
£63M
USD 84,009,891
-28.6% vs 2023
Employees
0
Average over period
Profit before tax
£19M
USD 26,000,908
-44.6% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-05-13.
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | £158,331,793 | £269,682,915 | £298,202,657 | |
| Operating profit | — | £46,942,552 | £48,101,170 | £32,764,716 | |
| Profit before tax | — | £34,406,304 | £35,058,714 | £19,437,025 | |
| Net profit | — | £34,406,304 | £35,058,714 | £19,437,025 | |
| Cash | — | £12,441,579 | £9,458,339 | £17,126,984 | |
| Total assets less current liabilities | — | £268,370,407 | £255,254,776 | £165,546,321 | |
| Net assets | — | £52,950,269 | £88,008,983 | £62,801,743 | |
| Equity | £18,543,965 | £52,950,269 | £88,008,983 | £62,801,743 | |
| Average employees | — | 0 | 0 | 0 | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | £0 | £0 |
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
+10.6%
£269,682,915 £298,202,657
highest in 3 filed years
-
Cash
+81.1%
£9,458,339 £17,126,984
highest in 3 filed years
-
Net assets
-28.6%
£88,008,983 £62,801,743
-
Employees
—
Not reported
-
Operating profit
-31.9%
£48,101,170 £32,764,716
lowest in 3 filed years
-
Profit before tax
-44.6%
£35,058,714 £19,437,025
lowest in 3 filed years
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 | 2022-01-01 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | 29.6% | 17.8% | 11.0% | |
| Net margin | — | 21.7% | 13.0% | 6.5% | |
| Return on capital employed | — | 17.5% | 18.8% | 19.8% | |
| Gearing (liabilities / total assets) | — | — | 69.0% | 76.8% | |
| Current ratio | — | — | 1.19x | 0.81x | |
| Interest cover | — | 3.74x | 3.46x | 2.36x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors review cash flow forecasts and closely monitor TCE rates and break-evens to ensure the Company will generate sufficient working capital and cash flows to continue in operational existence and have, as a result, prepared the financial statements on a going concern basis.”
Significant events
- “The board's strategy focussed on the renewal of the overall fleet of the Union Maritime group, which resulted in the decision to build up the time charter in fleet which enabled the Company to take advantage of a firm tanker market as well as help to achieve our sustainability goals with a younger eco fleet.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANSAGRA, Bhupendra Shatilal | Secretary | 2008-04-29 | — | Other |
| CADJI, Laurent Elie | Director | 2008-04-29 | Aug 1977 | British |
| CADJI, Lewis Levy | Director | 2008-04-29 | May 1938 | British |
| ENSTON, Matthew Brooks | Director | 2024-04-04 | Mar 1978 | British |
| KANSAGRA, Bhupendra Shantilal | Director | 2008-04-29 | May 1956 | British |
| KANSAGRA, Ramesh Shantilal | Director | 2008-04-29 | Aug 1950 | British |
| KOTSAPAS, Michael | Director | 2024-04-04 | Oct 1977 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Union Maritime Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 83 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type full | |
| 2025-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-02 | CH01 | officers | Change person director company with change date | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-04-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy | |
| 2024-02-16 | ANNOTATION | miscellaneous | Legacy |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- 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.