Arete Exploration Limited
10862351
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 12/07/2017
Persons with Significant Control
Mr Hugh Durham
British · Wales · Age 55
10, Beech Drive, Hereford, HR3 5TQ
Notified 12/07/2017
CompanyRankvs 9229+ SIC 78300 peers29
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/09/2024
Net Worth
-£38k
Balance sheet strength
Cash
£522
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
£1k
Current Liabilities
£39k
Debtors
£529
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.03 | +£19k |
| 2023 | 0.06 | -£2k |
| 2022 | 0.09 | +£14k |
| 2021 | 0.04 | — |
Derived from filed accounts. Not audited figures.