UNION CRUDE CARRIERS HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  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. As a result the financial statements have not been prepared on a going-concern basis.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

  —

  Not reported

• Cash

  -77.2%

  £778,912 → £177,513

• Net assets

  -47.9%

  -£536,000 → -£793,007

• Employees

  —

  Not reported

• Operating profit

  -102.9%

  £8,557,234 → -£251,630

• Profit before tax

  -102.9%

  £8,574,901 → -£246,682

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

Material uncertainty disclosed

“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. As a result the financial statements have not been prepared on a going-concern basis.”

Group structure

1. UNION CRUDE CARRIERS HOLDINGS LIMITED · parent
   1. UCC 1 Limited 100% · U.K · Shipping
   2. UCC 2 Limited 100% · U.K · Shipping
   3. UCC 3 Limited 100% · U.K · Shipping
   4. UCC 4 Limited 100% · U.K · Shipping
   5. UCC 5 Limited 100% · U.K · Shipping

Significant events

• “The previous principal activity of the Group was the ownership and operation of five Aframax tankers, however all five vessels were sold in a previous year and the Group has subsequently ceased trading.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

3

last 12 months

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