HUBBELL (UK) GULFMEX LIMITED

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

Margins divide P&L lines by turnover. 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. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company meets its day-to-day working capital requirements through its cash balances. The company's forecasts and projections show that the company should be able to operate within the level of its current cash resources. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. HUBBELL (UK) GULFMEX LIMITED · parent
   1. Acme Electric de Mexico, S.de R.L. de C.V. 99.99% · Mexico · Sale of electrical power conditioning equipment and related electrical products into Mexico.
   2. Acme Electric Manufacturing de Mexico, S.de R.L. de C.V. 99.99% · Mexico · Manufacture of electrical power conditioning equipment for its US based parent division.
   3. Bel Manufacturera,S.de R.L. de C.V. 99.99% · Mexico · Provides maquila services exclusively to Hubbell entities involving the assembly of electrical equipment and repatriation of the imported goods.
   4. CDR de Mexico S.de R.L. de C.V. 99.99% · Mexico · Provides maquila services exclusively to Hubbell entities involving the assembly of electrical equipment and repatriation of the imported goods.
   5. Hubbell Products de Mexico, S.de R.L. de C.V. 99.99% · Mexico · Distributor of wiring products, electrical products for distribution of electrical energy, lighting equipment and transport information systems.
   6. Hubbell Caribe Limited 100% · Cayman Islands · Manufacture of electrical products including connectors, terminals, boxes, grips and conduits.
   7. Hubbell Cayman Investments Limited 100% · Cayman Islands · A holding company for Hubbell's Asian operations.
   8. Hubbell Asia Limited 50% · Hong Kong · The trading of electrical products and holding company for Dongguan Hubbell Electrical Products Co Limited.
   9. Hubbell Commercial Trading (Shanghai) Co Limited 100% · China · Import and export of electrical and power system products and business information consultation.
   10. Dongguan Hubbell Electrical Products Co Limited 50% · China · Manufacture and sale of electrical products including switches, connectors and arrestors.

Significant events

• “The company recorded an operating loss for the financial year of $1,510 (2023: loss of $175).”
• “An impairment charge of $nil was recognised on the carrying value of investments (2023: $4,046,000).”
• “Dividends of $42,000,000 were received and paid in the year (2023: received and paid $59,000,000).”
• “In the prior year, an impairment had been taken in the investment in Hubbell Cayman Investments Limited to bring its carrying value down to the net assets of that company.”

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.

• Turnover

  —

  Not reported

• Cash

  -1.1%

  £133,432 → £131,950

• Net assets

  0%

  £197,856,190 → £197,854,707

• Employees

  —

  Not reported

• Operating profit

  -1,040.8%

  -£130 → -£1,483

• Profit before tax

  -23.6%

  £40,736,842 → £31,132,691

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