Hypromag Ltd
11473586
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 25/04/2026
Due 09/05/2027
Industry
Officers
director · Since 19/07/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 72
Also on 2 other boards
director · Since 19/07/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 84
Also on 1 other board
director · Since 09/01/2020
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 56
Also on 8 other boards
Persons with Significant Control
Mkango Resources Ltd.
Suite 2900, 550 Burrard Street, Vancouver
Reg: C1182955 · British Columbia, Canada · Limited Companu
Notified 02/08/2023
Former PSCs
Mr David Kennedy
Ceased 09/01/2020
Mr John Donald Speight
Ceased 09/01/2020
Mr Allan Walton
Ceased 09/01/2020
Mr Ivor Rex Harris
Ceased 09/01/2020
Maginito Limited
Ceased 09/11/2023
CompanyRankvs 3506+ SIC 72190 peers41
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
its assets by £342,277. These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. The Company is, however, a subsidiary of Mkango Resources Limited (the "Parent"). The Parent has confirmed its continuing financial support and has undertaken to provide such funding as is necessary
Key FinancialsYear ending 31/12/2024
Net Worth
£164
Balance sheet strength
Cash
£22k
Cash in the bank
Net Current Assets
-£673k
Working capital
Current Assets
£115k
Current Liabilities
£788k
Fixed Assets
£331k
Debtors
£93k
People Costs(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.15 | — |
| 2023 | 0.31 | — |
| 2022 | 10.21 | — |
| 2021 | 4.84 | +£151k |
| 2020 | 10.96 | -£34k |
| 2020 | 26.62 | — |
Derived from filed accounts. Not audited figures.