Hydrogen Vehicle Systems Ltd

Hydrogen Vehicle Systems Ltd, based in Glasgow, UK, is a small holding company with an active status, founded seven years ago in 2017. Employing 47 people, the company holds £1,010,872 in assets and operates from a real address at Park View House. Two directors and three owners (though the list is not exhaustive) manage the business. The company regularly imports electrical machinery and equipment (21 months of activity) and exports machinery, boilers, and mechanical appliances (3 months).

The company’s activities center around the manufacture of motor vehicles, electrical and electronic equipment for vehicles, and related parts and accessories. It also owns several related companies including Heavy Vehicle Systems Limited, Green Vehicle Systems Limited, Battery Vehicle Systems Limited, Hydrogen Vehicles Limited, and Hv Systems Limited. A previous name for the company was Hv Systems Ltd.

Financially, Hydrogen Vehicle Systems Ltd presents a mixed picture. Current assets have significantly decreased by 91%, dropping to £1,000,000, while net assets have plummeted 90%, reaching just £290,000. Bank borrowings have completely vanished, dropping 100% to zero, and cash reserves have fallen a dramatic 98%, leaving just £120,000. Creditors have also increased substantially, rising 290% to £5,100,000. Trade debtors have decreased by 78%, 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) allows for agility, but the sharp decline in equity is concerning. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The significant decrease in cash reserves and the increase in creditors suggest the company may be burning through money, though it’s difficult to say for sure without more detailed information. The directors changed five months ago, which could indicate a shift in strategy or management, and it’s possible the company is trying to improve its financial position.

Registered in Scotland under the registration number SC576231, with a registered address at G5 0XG, Scotland, Glasgow, Park View House, 96 Caledonia Street.

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