Ulemco Ltd

Ulemco Ltd, based in Liverpool, UK, is a small holding company with an active status, established eleven years ago in 2014. Employing eighteen people and holding assets of £1,382,405, the company operates from a real address and is overseen by four directors and a single owner. It regularly imports and exports electrical machinery and equipment, with eighteen months of import activity and five months of export activity recorded.

The company's website reveals a core focus: providing hydrogen decarbonisation solutions for heavy-duty transport. Ulemco specializes in converting vehicles to run on hydrogen dual fuel, targeting commercial fleets looking to reduce carbon emissions. Their services range from retrofitting existing vehicles to developing zero-emission technologies like hydrogen combustion and integrated fuel cell systems. They also offer solutions for specialist vehicles and even explore applications in off-road machinery, marine operations, and stationary power. The company’s mission is to create a cleaner environment through innovative hydrogen technology.

Financially, Ulemco Ltd’s recent report shows a mixed picture. Current assets increased by 65% to £1,400,000, while net assets decreased by 72% to £150,000. Bank borrowings decreased by 50%, reaching £8,000, and cash reserves increased by 11% to £400,000. Trade debtors increased by 20%, suggesting a possible increase in sales, and creditors decreased by 33%, which could indicate better management of short-term liabilities. 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 remain agile. The accounts are audited by Beever and Struthers.

The decrease in net assets, despite the growth in current assets, suggests that the company may be reinvesting heavily in its hydrogen technology or facing increased operating expenses. The surge in trade debtors could also be a cause for concern if these payments are not collected promptly. Overall, Ulemco Ltd appears to be a growing company with a unique focus, but it’s important to monitor its financial performance closely to ensure its long-term sustainability.

Registered in England/Wales under the registration number 09010597, with a registered address at L9 5AL, England, Liverpool, Merseyside, Unit 7f Topham Drive Aintree Racecourse Retail And Business, Park, Aintree.

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