philippine gold limited
philippine gold limited Company Information
Company Number
00666509
Next Accounts
Mar 2025
Industry
Other mining and quarrying n.e.c.
Shareholders
central asia gold ltd
Group Structure
View All
Contact
Registered Address
leytonstone house, 3 hanbury drive, leytonstone, london, E11 1GA
Website
www.filipinonumismatist.comphilippine gold limited Estimated Valuation
Pomanda estimates the enterprise value of PHILIPPINE GOLD LIMITED at £985.7k based on a Turnover of £2.4m and 0.41x industry multiple (adjusted for size and gross margin).
philippine gold limited Estimated Valuation
Pomanda estimates the enterprise value of PHILIPPINE GOLD LIMITED at £0 based on an EBITDA of £-12.1k and a 1.7x industry multiple (adjusted for size and gross margin).
philippine gold limited Estimated Valuation
Pomanda estimates the enterprise value of PHILIPPINE GOLD LIMITED at £0 based on Net Assets of £-1.5m and 1.02x industry multiple (adjusted for liquidity).
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Philippine Gold Limited Overview
Philippine Gold Limited is a live company located in leytonstone, E11 1GA with a Companies House number of 00666509. It operates in the other mining and quarrying n.e.c. sector, SIC Code 08990. Founded in August 1960, it's largest shareholder is central asia gold ltd with a 100% stake. Philippine Gold Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.4m with declining growth in recent years.
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Philippine Gold Limited Health Check
Pomanda's financial health check has awarded Philippine Gold Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
8 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£15.6m)
£2.4m - Philippine Gold Limited
£15.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (8.9%)
-5% - Philippine Gold Limited
8.9% - Industry AVG
Production
with a gross margin of 4.1%, this company has a higher cost of product (22.3%)
4.1% - Philippine Gold Limited
22.3% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (9.6%)
-0.5% - Philippine Gold Limited
9.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (53)
10 - Philippine Gold Limited
53 - Industry AVG
Pay Structure
on an average salary of £232.1k, the company has a higher pay structure (£45.5k)
£232.1k - Philippine Gold Limited
£45.5k - Industry AVG
Efficiency
resulting in sales per employee of £241.9k, this is equally as efficient (£244.2k)
£241.9k - Philippine Gold Limited
£244.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Philippine Gold Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Philippine Gold Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Philippine Gold Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Philippine Gold Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 128.6%, this is a higher level of debt than the average (37.6%)
128.6% - Philippine Gold Limited
37.6% - Industry AVG
PHILIPPINE GOLD LIMITED financials
Philippine Gold Limited's latest turnover from June 2023 is £2.4 million and the company has net assets of -£1.5 million. According to their latest financial statements, Philippine Gold Limited has 10 employees and maintains cash reserves of £127.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,419,292 | 2,359,491 | 3,542,442 | 2,789,621 | 3,108,947 | 3,925,036 | 4,288,853 | 4,001,890 | 5,016,970 | 4,493,788 | 5,072,458 | 3,890,474 | 4,093,606 | 2,788,908 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 2,321,362 | 2,318,607 | 3,474,935 | 2,743,156 | 3,095,510 | 3,884,553 | 4,137,820 | 3,971,886 | 4,931,773 | |||||
| Gross Profit | 97,930 | 40,884 | 67,507 | 46,465 | 13,436 | 40,483 | 151,033 | 30,004 | 85,197 | |||||
| Admin Expenses | 110,037 | 76,199 | 149,289 | 110,565 | 71,246 | 119,184 | 155,521 | 65,582 | 6,797,260 | |||||
| Operating Profit | -12,107 | -35,315 | -81,782 | -64,100 | -57,810 | -78,701 | -4,488 | -35,578 | -6,712,063 | 12,286 | 28,223 | 132,181 | -26,868 | -23,480 |
| Interest Payable | 0 | 0 | 0 | 0 | 2,618 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 4 | 7 | 0 | 10 | 22 | 34 | 43 | 34 | 122 | 95 | 114 | 126 |
| Pre-Tax Profit | -12,107 | -35,314 | -81,777 | -64,093 | -60,428 | -75,119 | 3,417,610 | -47,648 | -6,736,079 | 18,416,739 | -15,100 | 70,925 | -105,237 | -40,983 |
| Tax | -26,233 | -1,416 | -1,387 | -1,025 | -324 | -787 | -519,779 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -38,340 | -36,730 | -83,164 | -65,118 | -60,752 | -75,906 | 2,897,831 | -47,648 | -6,736,079 | 18,416,739 | -15,100 | 70,925 | -105,237 | -40,983 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,529,282 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -38,340 | -36,730 | -83,164 | -65,118 | -60,752 | -75,906 | 2,897,831 | -47,648 | -23,265,361 | 18,416,739 | -15,100 | 70,925 | -105,237 | -40,983 |
| Employee Costs | 2,321,362 | 2,318,607 | 3,474,935 | 2,743,155 | 3,095,510 | 3,884,553 | 4,137,820 | 3,971,886 | 4,931,773 | 4,410,218 | 5,018,139 | 3,752,778 | 4,090,641 | 2,788,906 |
| Number Of Employees | 10 | 10 | 14 | 14 | 14 | 16 | 26 | 27 | 30 | 30 | 30 | 30 | 27 | 24 |
| EBITDA* | -12,107 | -35,315 | -81,782 | -64,100 | -57,810 | -78,701 | -4,488 | -35,578 | -6,712,063 | 12,758 | 28,732 | 132,807 | -25,613 | -22,125 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 2 | 468 | 856 | 1,637 | 2,724 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,002,221 | 5,002,221 | 5,290,217 | 4,658,683 | 4,488,420 | 5,150,741 | 4,814,467 | 4,524,563 | 5,083,929 | 37,868,992 | 19,131,088 | 16,775,534 | 18,519,444 | 17,442,878 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,002,221 | 5,002,221 | 5,290,217 | 4,658,683 | 4,488,420 | 5,150,741 | 4,814,467 | 4,524,563 | 5,083,932 | 37,868,995 | 19,131,557 | 16,776,391 | 18,521,081 | 17,445,602 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 118,317 | 160,543 |
| Misc Debtors | 1,474 | 6,856 | 7,682 | 1,372 | 10,225 | 10,886 | 4,060 | 5,858 | 31,591 | 24,527 | 4,345 | 20,366 | 1,340 | 2,912 |
| Cash | 127,815 | 110,256 | 104,828 | 177,275 | 132,541 | 168,490 | 98,807 | 75,285 | 42,915 | 97,740 | 45,117 | 92,248 | 128,583 | 114,447 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 129,289 | 117,113 | 112,510 | 178,648 | 142,766 | 179,377 | 102,868 | 81,143 | 74,506 | 122,268 | 49,462 | 112,614 | 248,241 | 277,904 |
| total assets | 5,131,510 | 5,119,333 | 5,402,728 | 4,837,331 | 4,631,186 | 5,330,118 | 4,917,335 | 4,605,706 | 5,158,439 | 37,991,263 | 19,181,019 | 16,889,004 | 18,769,321 | 17,723,506 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,803,716 | 0 |
| Group/Directors Accounts | 6,432,611 | 6,375,401 | 6,669,080 | 5,799,425 | 5,524,475 | 6,279,362 | 5,790,622 | 8,133,879 | 9,129,489 | 21,445,728 | 21,094,428 | 18,497,134 | 0 | 19,394,303 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 165,041 | 171,734 | 204,809 | 260,206 | 221,601 | 260,446 | 186,476 | 191,113 | 154,508 | 191,061 | 122,392 | 163,769 | 0 | 146,215 |
| total current liabilities | 6,597,652 | 6,547,135 | 6,873,889 | 6,059,632 | 5,746,077 | 6,539,809 | 5,977,098 | 8,324,993 | 9,283,998 | 21,636,790 | 21,216,820 | 18,660,903 | 20,803,716 | 19,540,519 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,597,652 | 6,547,135 | 6,873,889 | 6,059,632 | 5,746,077 | 6,539,809 | 5,977,098 | 8,324,993 | 9,283,998 | 21,636,790 | 21,216,820 | 18,660,903 | 20,803,716 | 19,540,519 |
| net assets | -1,466,142 | -1,427,802 | -1,471,161 | -1,222,301 | -1,114,891 | -1,209,690 | -1,059,763 | -3,719,287 | -4,125,559 | 16,354,473 | -2,035,801 | -1,771,898 | -2,034,395 | -1,817,013 |
| total shareholders funds | -1,466,142 | -1,427,802 | -1,471,161 | -1,222,301 | -1,114,891 | -1,209,690 | -1,059,763 | -3,719,287 | -4,125,559 | 16,354,473 | -2,035,801 | -1,771,898 | -2,034,395 | -1,817,013 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -12,107 | -35,315 | -81,782 | -64,100 | -57,810 | -78,701 | -4,488 | -35,578 | -6,712,063 | 12,286 | 28,223 | 132,181 | -26,868 | -23,480 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 472 | 509 | 626 | 1,255 | 1,356 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -26,233 | -1,416 | -1,387 | -1,025 | -324 | -787 | -519,779 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -5,382 | -826 | 6,310 | -8,853 | -661 | 6,826 | -1,798 | -25,733 | 7,064 | 20,182 | -16,021 | -99,292 | -43,798 | 163,456 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20,803,716 | 20,803,716 | 0 |
| Accruals and Deferred Income | -6,693 | -33,075 | -55,397 | 38,605 | -38,845 | 73,970 | -4,637 | 36,605 | -36,553 | 68,669 | -41,377 | 163,769 | -146,215 | 146,215 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -39,651 | -68,980 | -144,876 | -17,667 | -96,318 | -12,344 | -527,106 | 26,760 | -6,755,680 | 61,245 | 3,376 | -20,407,848 | 20,675,686 | -39,365 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -287,997 | 631,535 | 170,263 | -662,321 | 336,275 | 289,904 | -559,366 | -32,785,063 | 18,737,904 | 2,355,554 | -1,743,910 | 1,076,566 | 17,442,878 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 57,210 | -293,680 | 869,655 | 274,950 | -754,887 | 488,741 | -2,343,257 | -995,610 | -12,316,239 | 351,300 | 2,597,294 | 18,497,134 | -19,394,303 | 19,394,303 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 4 | 7 | -2,618 | 10 | 22 | 34 | 43 | 34 | 122 | 95 | 114 | 126 |
| cash flow from financing | 57,210 | -213,590 | 703,963 | 232,665 | -601,954 | 414,730 | -2,581,543 | -541,655 | -9,530,867 | 324,869 | 2,348,613 | 18,688,801 | -19,506,334 | 17,618,399 |
| cash and cash equivalents | ||||||||||||||
| cash | 17,559 | 5,429 | -72,447 | 44,734 | -35,950 | 69,683 | 23,523 | 32,369 | -54,825 | 52,623 | -47,131 | -36,335 | 14,135 | 114,447 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,559 | 5,429 | -72,447 | 44,734 | -35,950 | 69,683 | 23,523 | 32,369 | -54,825 | 52,623 | -47,131 | -36,335 | 14,135 | 114,447 |
philippine gold limited Credit Report and Business Information
Philippine Gold Limited Competitor Analysis
Perform a competitor analysis for philippine gold limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other small companies, companies in E11 area or any other competitors across 12 key performance metrics.
philippine gold limited Ownership
PHILIPPINE GOLD LIMITED group structure
Philippine Gold Limited has no subsidiary companies.
Ultimate parent company
B2GOLD CORP
#0083052
CENTRAL ASIA GOLD LTD
#0058847
2 parents
PHILIPPINE GOLD LIMITED
00666509
philippine gold limited directors
Philippine Gold Limited currently has 3 directors. The longest serving directors include Mr Michael Cinnamond (Apr 2014) and Mr Jerry Korpan (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Cinnamond | Canada | 58 years | Apr 2014 | - | Director |
| Mr Jerry Korpan | United Kingdom | 78 years | Mar 2017 | - | Director |
| Mr Neil Gillam | 72 years | Mar 2017 | - | Director |
P&L
June 2023turnover
2.4m
+3%
operating profit
-12.1k
-66%
gross margin
4.1%
+133.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-1.5m
+0.03%
total assets
5.1m
0%
cash
127.8k
+0.16%
net assets
Total assets minus all liabilities
philippine gold limited company details
company number
00666509
Type
Private limited with Share Capital
industry
08990 - Other mining and quarrying n.e.c.
incorporation date
August 1960
age
64
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
philippine gold plc (November 2000)
london fiduciary trust plc (August 1996)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
leytonstone house, 3 hanbury drive, leytonstone, london, E11 1GA
Bank
-
Legal Advisor
-
philippine gold limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 13 charges/mortgages relating to philippine gold limited. Currently there are 1 open charges and 12 have been satisfied in the past.
philippine gold limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PHILIPPINE GOLD LIMITED. This can take several minutes, an email will notify you when this has completed.
philippine gold limited Companies House Filings - See Documents
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