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Phigold Uk Plc

10386878

active
Public Limited Company
Companies House
Health Score
64 / 100

Some Concerns

30/30
Filing
0/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

HALLSWELLE HOUSE, LONDON, NW11 0DH
Incorporated 21/09/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

07290
Mining of other non-ferrous metal ores

Officers

Mr Gerard Isaac Mizrahi

director · Since 21/09/2016

DIRECTOR

BRITISH · UNITED KINGDOM · Age 74

Also on 25 other boards

Mr David Michael Thompson

director · Since 14/10/2016

ACCOUNTANT

BRITISH · BERMUDA · Age 73

Also on 1 other board

Mr Ilan Joel Diamond

director · Since 14/12/2016

BUSINESSMAN

ISRAELI · ISRAEL · Age 55

Mr David Michael Thompson

secretary · Since 01/09/2020

Also on 1 other board

Persons with Significant Control

Mr Gerard Isaac Mizrahi

Significant control

British · United Kingdom · Age 74

2a Norland Place, 2a Norland Place, London, W11 4QG

Notified 21/09/2016

Charges3 outstanding

Charge
outstanding

CHARLES STREET SECURITIES EUROPE LLP AS SECURITY AGENT FOR THE LOAN NOTEHOLDERS UNDER THE LOAN

Created 12/12/2016Registered 23/12/2016
Charge
outstanding

CHARLES STREET SECURITIES EUROPE LLP AS SECURITY AGENT FOR THE BONDHOLDERS UNDER THE BOND INSTR

Created 12/12/2016Registered 23/12/2016
Charge
outstanding

CHARLES STREET SECURITIES EUROPE LLP AS SECURITY AGENT FOR CSS ALPHA (BVI) LTD, CSS BRIDGE PART

Created 12/12/2016Registered 23/12/2016

CompanyRankvs 81+ SIC 07290 peers
31

Financial strength1th percentile among SIC peers · 0/25
Employees39th percentile among SIC peers · 6/15
LiquidityCurrent ratio 6.21× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -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.

Employees6/15 pts

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

Liquidity20/20 pts

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

Longevity10/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

75 ) from a subsidiary. However, there is uncertainty regarding the recoverability of these amounts. These factors present a material uncertainty regarding the company's ability to continue as a going concern. Despite this, the Directors remain confident that through renegotiation of liabilities as they become due and planned future fundraising, the company will have sufficient working capita

Key FinancialsYear ending 31/12/2024

Net Worth

-£863k

Balance sheet strength

Cash

£7k

Cash in the bank

Profit Before Tax

-£1.2M

Bottom line earnings

Net Current Assets

£6.4M

Working capital

Current Assets

£7.6M

Current Liabilities

£1.2M

Debtors

£7.6M

Admin Expenses

£14k

Profit After Tax

-£1.2M

0avg. employees

People Costs

Wages & salaries£36k

Balance Sheet

Assets less current liabilities£6.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20246.21+£0
20246.21

Derived from filed accounts. Not audited figures.