United Corporation Ltd.

United Corporation Ltd, based in Wallington, UK, is a small, active company established 28 years ago. With 22 employees and £777,114 in assets, it's a well-established player in its sector. The company, owned by Fatehi Abdolkarim and Taheri Farzaneh, is managed by three directors. It operates from a real address and has been importing optical and medical tools and devices for 21 months, while exporting machinery, boilers, and mechanical appliances for a remarkable 2026 months.

The company's website reveals a broader scope than initially apparent. While officially described as agents involved in the sale of machinery, industrial equipment, ships, and aircraft, it’s clear United Corporation Ltd is a procurement services provider to the oil, gas, and petrochemical industries. It even boasts two Queens Awards for outstanding achievement in international trade, a testament to its global reach. The website details a comprehensive range of services, from supply chain management to expediting and inspection, catering to a client base of major oil and gas companies in the Persian Gulf. The company has a QFZ LLC entity in Qatar to support its Middle Eastern clients, offering repair and return facilities.

However, a closer look at the financials paints a mixed picture. Current assets have fallen by 23%, reaching £780,000, while net assets have plummeted 26%, settling at £320,000. Bank borrowings have increased slightly, reaching £620,000, and cash reserves have decreased by 25%, sitting at £7,800. Creditors have also decreased by 26%, 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 significant drop in equity raises concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company’s long history of exports, combined with its international awards, suggests a resilient business. However, the recent financial trends indicate a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 03292977, with a registered address at SM6 9AA, Wallington, Surrey, 30 Stafford Road.

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