HYDROGEN VEHICLE SYSTEMS LTD

Active Glasgow
48 employees website.com
Environment, agriculture and waste
H

HYDROGEN VEHICLE SYSTEMS LTD

Founded 13 Sept 2017 Active Glasgow, Scotland 48 employees website.com
Environment, agriculture and waste

Previous Company Names

HV SYSTEMS LTD 13 Sept 2017 — 13 Sept 2022
Accounts Submitted 7 Jan 2025 Next due 31 Jul 2026 3 months remaining
Confirmation Submitted 19 Aug 2025 Next due 5 Aug 2026 3 months remaining
Net assets £288K £3M 2024 year on year
Total assets £40M £4M 2024 year on year
Total Liabilities £39M £7M 2024 year on year
Charges 1
1 outstanding

Contact & Details

Contact

Registered Address

Park View House 96 Caledonia Street Glasgow G5 0XG Scotland

Telephone

0800 000 0000

Email

info@example.com

Website

www.example.com

Full company profile for HYDROGEN VEHICLE SYSTEMS LTD (SC576231), an active environment, agriculture and waste company based in Glasgow, Scotland. Incorporated 13 Sept 2017. View financials, directors, shareholders, and filings.

Business Summary

This company specializes in providing innovative solutions and services across multiple sectors.

Products & Services

consulting software analytics integration

Reports

Credit Report

In-depth credit score, financial analysis, risk assessment and company intelligence.

Financials

Financials

Period 1 Jan → 31 Dec 2024
Type Total Exemption Full
Next accounts 31 December 2025
Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2018–2024)

Cash in Bank

£119.99k

Decreased by £7.46M (-98%)

Net Assets

£287.67k

Decreased by £2.54M (-90%)

Total Liabilities

£39.26M

Increased by £6.89M (+21%)

Turnover

N/A

Employees

48

Increased by 1 (+2%)

Debt Ratio

99%

Increased by 7 (+8%)

Financial History

Revenue, profit, EBITDA and key financial figures

2024
Dec Year End
2023
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

Funding Rounds 3
Grants 4

Investors (3)

Investor NameInvestor SinceParticipating Rounds
Investor 2Jul 2021Strategic Investment
Investor 4Sept 2022Series B
Investor 1Jan 2025Strategic Investment

Officers

Officers

0 active 3 resigned
Status

No officers found

No officers found

Shareholders

Shareholders (14)

Beehive Equity Limited
31.4%
Layaan Ltd
31.4%

Persons with Significant Control

Persons with Significant Control (3)

3 Active 2 Ceased

Abdul Waheed

British

Active
Notified 30 Nov 2020
Residence United Kingdom
DOB December 1976
Nature of Control
  • Ownership Of Shares 25 To 50 Percent,voting Rights 25 To 50 Percent

Layaan Ltd

United Kingdom

Active
Notified 8 Jun 2020
Nature of Control
  • Ownership Of Shares 25 To 50 Percent,voting Rights 25 To 50 Percent

Beehive Equity Limited

United Kingdom

Active
Notified 30 Jun 2021
Nature of Control
  • Ownership Of Shares 25 To 50 Percent,voting Rights 25 To 50 Percent

Emil Stoyanov Rangelov

Ceased 8 Jun 2020

Ceased

Abdul Waheed

Ceased 8 Jun 2020

Ceased

Group Structure

Group Structure

EG MIDCO 1 LIMITED united kingdom
EG GROUP LIMITED united kingdom
EG FINCO LIMITED united kingdom
BEEHIVE EQUITY LIMITED united kingdom
LAYAAN LTD united kingdom
HYDROGEN VEHICLE SYSTEMS LTD Current Company

Charges

Charges

1 outstanding

Properties

Properties

0 total

No related properties

Documents

Company Filings

DateCategoryDescriptionDocument
5 Nov 2025InsolvencyLiquidation In Administration Notice Deemed Approval Of Proposals Scotland
22 Oct 2025AddressChange Registered Office Address Company With Date Old Address New Address
21 Oct 2025InsolvencyLiquidation In Administration Notice Administrators Proposals Scotland
20 Oct 2025AddressChange Registered Office Address Company With Date Old Address New Address
8 Sept 2025OfficersTermination of Abdul Waheed as director on 2025-09-04
5 Nov 2025 Insolvency

Liquidation In Administration Notice Deemed Approval Of Proposals Scotland

22 Oct 2025 Address

Change Registered Office Address Company With Date Old Address New Address

21 Oct 2025 Insolvency

Liquidation In Administration Notice Administrators Proposals Scotland

20 Oct 2025 Address

Change Registered Office Address Company With Date Old Address New Address

8 Sept 2025 Officers

Termination of Abdul Waheed as director on 2025-09-04

Recent Activity

Latest Activity

Liquidation In Administration Notice Deemed Approval Of Proposals Scotland

5 months ago on 5 Nov 2025

Change Registered Office Address Company With Date Old Address New Address

5 months ago on 22 Oct 2025

Liquidation In Administration Notice Administrators Proposals Scotland

6 months ago on 21 Oct 2025

Change Registered Office Address Company With Date Old Address New Address

6 months ago on 20 Oct 2025

Termination of Abdul Waheed as director on 2025-09-04

7 months ago on 8 Sept 2025