CompanyTrack
U

UNDERWATER CUTTING SOLUTIONS LTD

Dissolved London

Manufacture of other special-purpose machinery n.e.c.

44 employees
Manufacture of other special-purpose machinery n.e.c.
U

UNDERWATER CUTTING SOLUTIONS LTD

Manufacture of other special-purpose machinery n.e.c.

Founded 2 Feb 2004 Dissolved London, United Kingdom 44 employees
Manufacture of other special-purpose machinery n.e.c.
Accounts Submitted
Confirmation Statement Submitted
Net assets £3.66M £5.01M 2022 year on year
Total assets £6.14M £4.31M 2022 year on year
Total Liabilities £2.48M £691.77K 2022 year on year
Charges 5
5 satisfied

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Contact & Details

Registered Address

10 Fleet Place London EC4M 7RB

Credit Report

Discover UNDERWATER CUTTING SOLUTIONS LTD's Credit Score, limit, and payment likelihood.

Mutual Companies

Financials

Financials

Period 1 Jan → 31 Dec 2022
Type Total Exemption Full
Next accounts 31 December 2023
Due by 30 September 2024 9 months

Net Assets, Total Assets & Total Liabilities (2013–2022)

Cash in Bank

£578.03k

Increased by £272.92k (+89%)

Net Assets

£3.66M

Decreased by £5.01M (-58%)

Total Liabilities

£2.48M

Increased by £691.77k (+39%)

Turnover

£8.86M

Increased by £2.27M (+35%)

Employees

44

Increased by 4 (+10%)

Debt Ratio

40%

Increased by 23 (+135%)

Financial History

Revenue, profit, EBITDA and key financial figures

2022
Dec Year End
2021
Dec Year End
P&L
Revenue
£142.3M
£128.7M
Gross Profit
£48.2M
£43.1M
Operating Profit
£22.4M
£19.8M
Net Profit
£18.1M
£15.9M
EBITDA
£31.5M
£28.2M
Assets
Cash
£24.7M
£21.3M
Total Assets
£89.4M
£82.1M
Liabilities
Total Liabilities
£45.2M
£41.8M
Key Metrics
Employees
1,247
1,156
Latest Revenue
£142.3M
Latest EBITDA
£31.5M
Cash Position
£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share Capital

Share allotments and capital structure

1 Allotment 248 Shares £12.4 Total
Date FromShare ClassShares AllottedAmount RaisedPrice/Share
4 Sept 2019248£12.4£0.05

Officers

Officers

2 active 11 resigned
Status
Allan William PirieDirectorBritishScotland534 Sept 2019Active
Ingrid StewartDirectorBritishScotland515 Mar 2021Active

Shareholders

Shareholders (12)

Valerie Richardson
0.0%
04 Feb 2020
Tina Wraith
0.0%
04 Feb 2020
Ronald Wraith
0.0%
04 Feb 2020

Persons with Significant Control

Persons with Significant Control (1)

1 Active 1 Ceased

Ashtead Technology Limited

United Kingdom

Active
Notified 4 Sept 2019
Nature of Control
  • Ownership Of Shares 75 To 100 Percent
  • Voting Rights 75 To 100 Percent
  • Voting Rights 75 To 100 Percent As Firm

Ronald Wraith

Ceased 4 Sept 2019

Ceased

Group Structure

Group Structure

ASHTEAD TECHNOLOGY LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors
BP INV2 PLEDGECO LTD united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent
UNDERWATER CUTTING SOLUTIONS LTD Current Company

Charges

Charges

5 satisfied

Documents

Company Filings

DateCategoryDescriptionDocument
19 Mar 2025GazetteGazette Dissolved LiquidationView(1 page)
19 Dec 2024InsolvencyLiquidation Voluntary Members Return Of Final MeetingView(14 pages)
5 Oct 2024ResolutionResolutionsView(1 page)
5 Oct 2024InsolvencyLiquidation Voluntary Appointment Of LiquidatorView(4 pages)
5 Oct 2024AddressChange Registered Office Address Company With Date Old Address New AddressView(3 pages)
19 Mar 2025 Gazette

Gazette Dissolved Liquidation

19 Dec 2024 Insolvency

Liquidation Voluntary Members Return Of Final Meeting

5 Oct 2024 Resolution

Resolutions

5 Oct 2024 Insolvency

Liquidation Voluntary Appointment Of Liquidator

5 Oct 2024 Address

Change Registered Office Address Company With Date Old Address New Address

Recent Activity

Latest Activity

Gazette Dissolved Liquidation

11 months ago on 19 Mar 2025

Liquidation Voluntary Members Return Of Final Meeting

1 years ago on 19 Dec 2024

Resolutions

1 years ago on 5 Oct 2024

Liquidation Voluntary Appointment Of Liquidator

1 years ago on 5 Oct 2024

Change Registered Office Address Company With Date Old Address New Address

1 years ago on 5 Oct 2024