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Columbus Energy Resources Limited

05901339

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

88 KINGSWAY, LONDON, WC2B 6AA
Incorporated 09/08/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

06100
Extraction of crude petroleum
06200
Extraction of natural gas
70100
Activities of head offices

Officers

Mr Eytan Michael Uliel

director · Since 20/10/2021

DIRECTOR

AUSTRALIAN · AUSTRALIA · Age 54

Also on 1 other board

Mr Jonathan Paul Gilmore

secretary · Since 07/10/2024

Persons with Significant Control

Challenger Energy Group Plc

75–100% shares

The Engine House, Alexandra Road, Isle Of Man, IM9 1TG

Reg: 123863c · Isle Of Man Companies Registry · Public Limited Company

Notified 07/08/2020

Charges0 outstanding

Charge
satisfied

LIND GLOBAL MACRO FUND, LP

Created 08/11/2019Registered 20/11/2019Satisfied 30/09/2020
Charge
satisfied

LIND ASSET MANAGEMENT VII, LLC

Created 09/12/2016Registered 20/12/2016Satisfied 01/10/2018
Charge
satisfied

BNP PARIBAS

Created 26/02/2015Registered 07/03/2015Satisfied 12/12/2016

CompanyRankvs 224+ SIC 06100 peers
37

Financial strength1th percentile among SIC peers · 0/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

statements in the UK, which includes the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. Material uncertainty related to going concern In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 1.21 to the financial statements concerning the company

Key FinancialsYear ending 31/12/2021

Turnover

£256k

Annual revenue

Net Worth

-£6.8M

Balance sheet strength

Cash

Cash in the bank

Profit Before Tax

-£1.7M

Bottom line earnings

Net Current Assets

Working capital

Current Assets

£38k

Current Liabilities

£6.8M

Operating Profit

-£1.7M

Profit After Tax

-£1.7M

4avg. employees

People Costs

Wages & salaries£171k
NI contributions£20k

Balance Sheet

Interest payable£479k
Total assets£40k
Signed by 4 4 falsePrepared with FINTAGS

EstimatesDerived

YearCurrent Ratio
20210.01

Derived from filed accounts. Not audited figures.