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Mkango Rare Earths Uk Limited

13473922

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

6TH FLOOR,, LONDON, EC2M 2AT
Incorporated 23/06/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24450
Other non-ferrous metal production

Officers

Mr William Drummond Dawes

director · Since 23/06/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 8 other boards

Mr Alexander Mark Lemon

director · Since 23/06/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 7 other boards

Persons with Significant Control

Mkango Resources Ltd

75–100% shares
75–100% votes
Appoint directors

Suite 2900, 550 Burrard Street, Vancouver

Reg: C1182955 · British Columbia · Limited Company

Notified 23/06/2021

CompanyRankvs 150+ SIC 24450 peers
31

Financial strength34th percentile among SIC peers · 9/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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150Mkango Rare Earths Uk Limited
40
How is this score calculated?
Financial strength9/25 pts

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

Employees10/15 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.

Longevity5/15 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

its assets by £1,030,384. 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

£1k

Balance sheet strength

Cash

£27k

Cash in the bank

Net Current Assets

-£1.4M

Working capital

Current Assets

£337k

Current Liabilities

£1.7M

Fixed Assets

£333k

Debtors

£311k

6avg. employees+2

People Costs(2023)

Wages & salaries£427k
NI contributions£47k

Balance Sheet

Assets less current liabilities-£1.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.20
20230.21
20220.30

Derived from filed accounts. Not audited figures.