UNION CARRIERS LIMITED

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

• Turnover

  -99.6%

  £8,356,881 → £37,378

• Cash

  -15.3%

  £984,526 → £834,268

• Net assets

  +11.1%

  £25,061,673 → £27,844,061

• Employees

  —

  Not reported

• Operating profit

  -100.6%

  £19,293,564 → -£110,638

• Profit before tax

  -86%

  £20,601,779 → £2,894,520

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Malde & Co

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's and Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. UNION CARRIERS LIMITED · parent
   1. UCL Frognal Limited 100% · U.K. · Dormant
   2. UCL Harrow Limited 100% · U.K. · Dormant
   3. UCL Springfield Limited 100% · U.K. · Dormant
   4. UCL Aston Limited 100% · U.K. · Dormant
   5. Union Amkor Limited 50% · U.K. · Dormant
   6. UCL Vokaria Limited 50% · U.K. · Dormant

Significant events

• “The Group took advantage of the strong asset values and sold six vessels in 2024 and in 2025 (2023: seven) and releasing liquidity of US$36m as well as the acquisition of one second-hand younger vessel.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.