Fuelco Limited

Fuelco Coal India Limited, based in Nagpur, India, is a small, active company founded in 2004. Despite its age, it’s considered relatively new, having been incorporated just three years ago. The company, which employs six people and holds £770,000 in assets, operates from a registered address and is led by two directors. It’s a holding company, with two owners reported, though this list may not be exhaustive.

Fuelco Coal India Limited specializes in coal trading, transporting, and providing packaged services to clients. Its website highlights a focus on coal linkage, trading (both imported and indigenous), and transportation via road and rail. The company’s global reach and experienced team aim to understand and satisfy customer needs, offering services like eauction liaisoning. The company's website also mentions a presence in the manufacture of other tanks, reservoirs and containers of metal industries.

Financially, Fuelco Coal India Limited shows a mixed picture. While current assets have increased significantly, jumping 150% to £770,000, net assets have decreased by 13% to -£170,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves fell 24% to £25,000. Creditors have also increased substantially, rising 110% to £960,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the decrease in equity raises concerns. The company’s accounts are unaudited, and no auditor is mentioned.

The company’s financial data suggests it’s burning through cash, with increased liabilities and reduced equity. It’s unclear if this is typical for a company in its industry or a sign of deeper issues. The management team, comprised of experienced professionals, will need to address these challenges to ensure the company’s long-term viability.

Registered in England/Wales under the registration number 13780780, with a registered address at HA1 2AW, United Kingdom, Harrow, Middlesex, Lynwood House 373/375 Station Road.

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