UNION CRUDE CARRIERS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-08 (in 5mo)
Last made up 2025-09-24
Watchouts
Cash
£179K
USD 239,669
-77.7% vs 2023
Net assets
£157K
USD 210,083
-81.5% vs 2023
Employees
—
Average over period
Profit before tax
-£249K
USD -333,659
-102.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
However, given the intention to strike-off, the financial statements have been prepared on a basis other than going concern.
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £738,242 | — | |
| Operating profit | £8,564,932 | -£254,966 | |
| Profit before tax | £8,583,349 | -£249,427 | |
| Net profit | £8,581,684 | -£259,752 | |
| Cash | £801,684 | £179,165 | |
| Total assets less current liabilities | £846,642 | £157,048 | |
| Net assets | £846,642 | £157,048 | |
| Equity | £846,642 | £157,048 | |
| Average employees | — | — | |
| 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
—
Not reported
-
Cash
-77.7%
£801,684 £179,165
-
Net assets
-81.5%
£846,642 £157,048
-
Employees
—
Not reported
-
Operating profit
-103%
£8,564,932 -£254,966
-
Profit before tax
-102.9%
£8,583,349 -£249,427
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 |
|---|---|---|---|
| Return on capital employed | 1011.6% | -162.3% | |
| Gearing (liabilities / total assets) | 20.7% | 14.5% | |
| Current ratio | 4.82x | 6.89x | |
| Interest cover | 135.27x | -76.57x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Malde & Co
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“However, given the intention to strike-off, the financial statements have been prepared on a basis other than going concern.”
Group structure
- UNION CRUDE CARRIERS LIMITED · parent
- Union Crude Carriers Holdings Limited 100%
- UCC 1 Limited 100%
- UCC 2 Limited 100%
- UCC 3 Limited 100%
- UCC 4 Limited 100%
- UCC 5 Limited 100%
Significant events
- “Following the sale of the fleet, the Group no longer owns any vessels. The directors will look to strike-off the parent and subsidiary companies once all outstanding receivables have been collected and liabilities settled.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CADJI, Laurent Elie | Director | 2018-09-25 | Aug 1977 | British |
| MAHONEY, Nicholas James | Director | 2018-09-25 | Jul 1978 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CHUNG, Kean Hua | Director | 2018-10-15 | 2025-11-17 |
| MAUPIN, Darren John | Director | 2018-10-15 | 2025-11-17 |
| TOMAZOS, Alexandros Panagiotis, Mr. | Director | 2018-09-25 | 2026-03-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Union Consortium Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2018-09-25 | Active |
Filing timeline
Last 20 of 30 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-06 | AA | accounts | Accounts with accounts type group | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type group | |
| 2024-09-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-02 | AA | accounts | Accounts with accounts type group | |
| 2023-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type group | |
| 2022-09-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-03 | AA | accounts | Accounts with accounts type group | |
| 2021-09-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-03-11 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-01-12 | GAZ1 | gazette | Gazette notice compulsory | |
| 2020-07-23 | AA | accounts | Accounts with accounts type group | |
| 2019-11-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2019-11-15 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2019-09-30 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 3
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.