UK Companies House feature
UNION GLORY LIMITED
Cash
£9M
-24% vs 2022
Net assets
£88M
+66.2% vs 2022
Employees
0
Average over period
Profit before tax
£35M
+1.9% vs 2022
Profile
- Company number
- 06579943
- Status
- Active
- Incorporation
- 2008-04-29
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 50200
Net assets
3-year trend · vs UK Logistics & Mobility median
Accounts
3-year trend · latest 2023-12-31
| Metric | Trend | 2022-01-01 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Turnover | — | £158,331,793 | £269,682,915 | |
| Operating profit | — | £46,942,552 | £48,101,170 | |
| Profit before tax | — | £34,406,304 | £35,058,714 | |
| Net profit | — | £34,406,304 | £35,058,714 | |
| Cash | — | £12,441,579 | £9,458,339 | |
| Total assets less current liabilities | — | £268,370,407 | £255,254,776 | |
| Net assets | — | £52,950,269 | £88,008,983 | |
| Equity | £18,543,965 | £52,950,269 | £88,008,983 | |
| Average employees | — | 0 | 0 | |
| Wages | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- 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 / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. 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 |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
0.92
DISTRESS
Altman Z″
- Working capital / Total assets -0.037 × 6.56 = -0.24
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.126 × 6.72 = +0.85
- Book equity / Total liabilities 0.301 × 1.05 = +0.32
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory