Cumbria Coal Limited

Cumbria Coal Ltd from Cockermouth UK: a small, active company founded seven years ago, employs five people, and holds £360,803 in assets. It’s a family business with two directors and two owners, boasting a 3.0 Google rating from 39 reviews. The company is an irregular importer of wood and wood products, with just one month of imports recorded as of July 2023.

The company’s website reveals a focus on metallurgical coal production for the steel industry, both domestically and in Europe. West Cumbria Mining aims for world-leading, legally binding emissions mitigation, utilizing an electrical mining fleet, renewable electricity, and carbon offsetting. It also highlights a commitment to local employment and a sustainability fund supporting forestry, renewable energy, and home insulation. The company’s address, Grassmoor House, Lorton Road, is a real address with only one other company registered there.

Financially, Cumbria Coal Ltd’s report shows some concerning trends. Current assets decreased by 28% to £360,000, while net assets plummeted 89% to just £410. Bank borrowings surged by a staggering 2,400%, reaching £29,000, and cash reserves fell 63% to £92,000. Creditors decreased by 15%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It appears that Cumbria Coal Ltd is facing financial pressures despite its focus on sustainability and premium coal production. The surge in borrowings suggests a need for capital, and the decline in equity raises concerns about long-term viability.

Registered in England/Wales under the registration number 11250172, with a registered address at CA13 9TQ, United Kingdom, Cockermouth, Cumbria, Grassmoor House, Lorton Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.