HITACHI ZEROCARBON LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-10-11 (in 5mo)
Last made up 2025-09-27
Watchouts
None on the register
Cash
£4M
Latest balance sheet
Net assets
£9M
Equity attributable
Employees
38
Average over period
Profit before tax
-£9M
Period ending 2025-03-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £1,949,000 | £1,271,000 | |
| Operating profit | -£5,088,000 | -£9,989,000 | |
| Profit before tax | -£5,718,000 | -£9,355,000 | |
| Net profit | -£4,774,000 | -£6,488,000 | |
| Cash | £6,618,000 | £3,999,000 | |
| Total assets less current liabilities | £8,466,000 | £8,732,000 | |
| Net assets | £7,836,000 | £8,732,000 | |
| Equity | £7,836,000 | £8,732,000 | |
| Average employees | 38 | 38 | |
| Wages | £2,595,000 | £4,569,000 | |
| Directors' remuneration | £409,000 | £863,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | -60.1% | -114.4% | |
| Current ratio | 2.19x | 2.32x | |
| Interest cover | -8.08x | — |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst and Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis, which assumes that the company will continue to operate for the foreseeable future The directors have received a letter of support from the parent company, confirming its commitment to provide financial assistance as needed. This support is guaranteed for 12 months from the date of approval of these financial statements The parent company has the financial capacity to provide this support, as evidenced by its recent financial statements and cash flow forecasts The directors have assessed the appropriateness of relying on this support and believe it is reasonable to do so based on the parent company's historical support and current financial position”
Group structure
- HITACHI ZEROCARBON LIMITED · parent
- Hitachi ZeroCarbon Battery Holding Ltd 100%
Significant events
- “On the 13th May 2025 5,000,000 ordinary shares were issued for £5,000,000 to the Company's parent company at a premium of £1 per share”
- “On the 18th August, it was confirmed that Hitachi ZeroCarbon will surrender further tax losses of £2,482,943 for the year ended 31st March 2024 to Hitachi Energy UK Ltd resulting in additional group tax relief to Hitachi ZeroCarbon of £619,736 in relation to the year ended 31st March 2024”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ORPWOOD, Ruth | Secretary | 2024-05-13 | — | — |
| CAMARERO ESPINOSA, Ana | Director | 2025-12-19 | Jun 1976 | Spanish |
| PARRONDO, Alberto Carlos | Director | 2025-12-19 | Mar 1964 | Spanish |
| PHILLIPS, Daniel Mark | Director | 2023-09-28 | Mar 1979 | British |
| RAMACHANDER, Chelluri Ramesh | Director | 2023-09-28 | Jun 1967 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARR, Andrew Thomas | Director | 2023-09-28 | 2025-12-19 |
| HIRAO, Akihide | Director | 2023-09-28 | 2026-04-07 |
| VALVERDE, Manuel | Director | 2024-08-22 | 2025-04-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hitachi Rail Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-09-28 | Active |
Filing timeline
Last 20 of 20 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-26 RESOLUTIONS Resolution
- 2023-11-20 MA Memorandum articles
- 2023-11-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-28 | AA | accounts | Accounts with accounts type full | |
| 2025-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-23 | SH01 | capital | Capital allotment shares | |
| 2025-05-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-19 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-11-01 | SH01 | capital | Capital allotment shares | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-29 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-03-26 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-21 | SH01 | capital | Capital allotment shares | |
| 2024-01-05 | SH01 | capital | Capital allotment shares | |
| 2023-11-20 | MA | incorporation | Memorandum articles | |
| 2023-11-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-11-17 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-09-28 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 2
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.