UNITED DOWNS LITHIUM LIMITED - Profile & Financials

Accounts Submitted 19 Aug 2025

Confirmation Statement Submitted 11 Aug 2025

Net assets £-533.13K

Total assets £550.00

Total Liabilities £533.68K

Charges None No charges registered

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Contact & Details

Contact

Update Details

Registered Address

United Downs Industrial Estate St Day Redruth Cornwall TR16 5HY United Kingdom

Credit Report

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Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2023

Type Total Exemption Full

Next accounts 31 December 2024

Due by 30 September 2025 9 months

Net Assets, Total Assets & Total Liabilities (2023–2023)

Cash in Bank

N/A

Net Assets

-£533.13k

Total Liabilities

£533.68k

Turnover

N/A

Employees

N/A

Debt Ratio

97033%

Financial History

Revenue, profit, EBITDA and key financial figures

	2023 Dec Year End
P&L
Revenue	£142.3M
Gross Profit	£48.2M
Operating Profit	£22.4M
Net Profit	£18.1M
EBITDA	£31.5M
Assets
Cash	£24.7M
Total Assets	£89.4M
Liabilities
Total Liabilities	£45.2M
Key Metrics
Employees	1,247

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 allotments and capital structure

2 Allotments 8,760 Shares £1.52m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
27 Aug 2025	ORDINARY	7,860	£1.52m	£193.38
8 Mar 2023	ORDINARY	900	£900	£1

Officers

5 active 2 resigned

Show resigned officers

						Status
Andre An-chun Cheng	Director	American	Hong Kong	38	30 Apr 2024	Active
Jules Van Limborgh	Director	Dutch	England	67	27 Aug 2025	Active
Matthew Thomas Clayton	Director	British	England	50	8 Mar 2023	Active
Ryan Law	Director	British	England	54	4 Nov 2022	Active
Simon James Ellison	Secretary	Unknown	Unknown	—	27 Aug 2025	Active

Shareholders

Shareholders (3)


Geothermal Engineering Limited	45.0%	450	Ordinary	10 Aug 2023
Thrive Renewables Plc	27.5%	275	Ordinary	10 Aug 2023
Cx Geothermal Limited	27.5%	275	Ordinary	10 Aug 2023

Persons with Significant Control

Persons with Significant Control (1)

1 Active 2 Ceased

Geothermal Engineering Limited

United Kingdom

Active

Notified 4 Nov 2022

Nature of Control

Ownership Of Shares 25 To 50 Percent
Ownership Of Shares 75 To 100 Percent As Firm
Voting Rights 25 To 50 Percent
Voting Rights 75 To 100 Percent As Firm
Right To Appoint And Remove Directors

Thrive Renewables Plc

Ceased 27 Aug 2025

Ceased

Cx Geothermal Limited

Ceased 27 Aug 2025

Ceased

See All Controllers

Group Structure

GEOTHERMAL ENGINEERING LIMITED united kingdom shares 50 to 75 percent, voting rights 50 to 75 percent, appoint/remove directors

CX GEOTHERMAL LIMITED united kingdom

THRIVE RENEWABLES PLC united kingdom

UNITED DOWNS LITHIUM LIMITED Current Company

Charges

No charges registered

Documents

Company Filings

Date	Category	Description	Document
10 Sept 2025	Persons With Significant Control	Change to Geothermal Engineering Limited as a person with significant control on 2025-08-27	View(2 pages)
10 Sept 2025	Officers	Appointment of Mr Jules Van Limborgh as director on 2025-08-27	View(2 pages)
10 Sept 2025	Capital	Allotment of shares (GBP 8,860) on 2025-08-27	View(3 pages)
10 Sept 2025	Officers	Appointment of Simon James Ellison as director on 2025-08-27	View(2 pages)
10 Sept 2025	Officers	Termination of David Vernon Bridgland as director on 2025-08-27	View(1 page)