Elemental Resource Management Limited
07130427
Some Concerns
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 09/06/2025
Due 23/06/2026
Industry
Officers
Persons with Significant Control
Former PSCs
Mr Russell Bowerman
Ceased 01/04/2020
Slobotaco Investments Ltd
Ceased 30/11/2016
Elemental Capital 1 Scsp
Ceased 16/05/2018
Finex Sicav Sif S.A.- Private Equity Vii
Ceased 05/05/2021
Exinet Trading Limited
Ceased 05/05/2021
Elemental Holding S.A.
Ceased 05/05/2021
Charges1 outstanding
HSBC UK BANK PLC
CompanyRankvs 1010+ SIC 38320 peers30
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£19.5M
Annual revenue
Net Worth
£10
Balance sheet strength
Cash
£116k
Cash in the bank
Profit Before Tax
-£839k
Bottom line earnings
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£3.7M
Fixed Assets
£190k
Debtors
£5.0M
Cost of Sales
£18.0M
Gross Profit
£1.5M
Admin Expenses
£2.4M
Operating Profit
-£5.9M
Profit After Tax
-£803k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Est. Revenue |
|---|---|
| 2024 | £2.4M |
Derived from filed accounts. Not audited figures.