Horizonte Minerals Plc

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horizonte minerals plc Company Information

Live

Established

Company Number

05676866

Website

www.horizonteminerals.com

Registered Address

1 knightsbridge green, 5th floor, london, SW1X 7QA

Industry

Other mining and quarrying n.e.c.

Telephone

02033562901

Next Accounts Due

June 2024

Group Structure

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Directors

Gillian Davidson2 Years

Vincent Benoit2 Years

View All

Shareholders

-0%

horizonte minerals plc Estimated Valuation

£287.7m

Pomanda estimates the enterprise value of HORIZONTE MINERALS PLC at £287.7m based on Net Assets of £242.1m and 1.19x industry multiple (adjusted for liquidity).

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Horizonte Minerals Plc AI Business Plan

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Horizonte Minerals Plc is a live company located in london, SW1X 7QA with a Companies House number of 05676866. It operates in the other mining and quarrying n.e.c. sector, SIC Code 08990. Founded in January 2006, it's largest shareholder is unknown. Horizonte Minerals Plc is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Pomanda's financial health check has awarded Horizonte Minerals Plc a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

0 Regular

2 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HORIZONTE MINERALS PLC group structure

Horizonte Minerals Plc has 1 subsidiary company.

Ultimate parent company

HORIZONTE MINERALS PLC

05676866

1 subsidiary

HORIZONTE EXPLORATION LIMITED

05480064

HORIZONTE MINERALS PLC Shareholders

Horizonte Minerals Plc currently has 7 directors. The longest serving directors include Dr Gillian Davidson (Mar 2022) and Mr Vincent Benoit (Mar 2022).

officer	country	age	start	end	role
Dr Gillian Davidson	England	52 years	Mar 2022	-	Director
Mr Vincent Benoit	England	56 years	Mar 2022	-	Director
Dr Gillian Davidson	England	52 years	Mar 2022	-	Director
Mr John MacKenzie	England	56 years	Jul 2023	-	Director
Mr Paul Smith	England	53 years	Dec 2023	-	Director
Mr Karim Nasr	England	54 years	Dec 2023	-	Director
Mr Nicholas Michael	England	63 years	Jan 2024	-	Director

EXPORT

Horizonte Minerals Plc's latest turnover from December 2022 is 0 and the company has net assets of £242.1 million. According to their latest financial statements, Horizonte Minerals Plc has 129 employees and maintains cash reserves of £124.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	0	0	0	0	2,483,831	0	0	0	0	0	0	0	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	0	0	1,907,429	0	0	0	0	0	0	0	0	0
Gross Profit	0	0	0	0	576,402	0	0	0	0	0	0	0	0	0
Admin Expenses	-836,514	6,259,369	2,622,923	2,347,899	1,575,868	1,450,073	1,529,904	1,496,524	1,099,446	2,595,534	2,388,557	1,724,595	1,116,006	890,536
Operating Profit	836,514	-6,259,369	-2,622,923	-2,347,899	-999,466	-1,450,073	-1,529,904	-1,496,524	-1,099,446	-2,595,534	-2,388,557	-1,724,595	-1,116,006	-890,536
Interest Payable	21,788,749	12,225,262	3,689,939	933,351	181,442	232,938	220,817	63,093	173,903	165,138	189,186	186,085	68,035	0
Interest Receivable	16,652,298	7,672,311	3,926,925	110,036	89,446	15,854	4,387	14,918	31,413	47,451	88,262	106,627	16,228	4,179
Pre-Tax Profit	-4,299,937	-10,812,320	-2,385,937	-3,171,214	-1,102,489	-1,667,156	-1,746,334	-1,544,699	-1,241,936	-2,713,221	-2,489,481	-1,804,053	630,438	-886,357
Tax	0	0	108,526	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-4,299,937	-10,812,320	-2,277,411	-3,171,214	-1,102,489	-1,667,156	-1,746,334	-1,544,699	-1,241,936	-2,713,221	-2,489,481	-1,804,053	630,438	-886,357
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-4,299,937	-10,812,320	-2,277,411	-3,171,214	-1,102,489	-1,667,156	-1,746,334	-1,544,699	-1,241,936	-2,713,221	-2,489,481	-1,804,053	630,438	-886,357
Employee Costs	14,074,470	6,744,533	2,450,667	2,454,645	2,579,590	2,088,964	1,319,459	1,197,871	1,337,120	1,536,070	1,881,693	1,709,135	975,956	298,298
Number Of Employees	129	50	37	28	27	25	18	32	31	43	53	54	19	11
EBITDA*	901,869	-6,240,872	-2,591,527	-2,347,196	-999,030	-1,449,432	-1,515,524	-1,467,810	-1,017,530	-2,591,164	-2,309,022	-1,719,614	-1,084,846	-889,817

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	233,614,486	57,394,932	30,839,948	32,260,544	1,186	2,051	862	11,888	5,120,366	5,481,085	6,454,542	7,382,788	8,247,310	919
Intangible Assets	10,681,576	6,719,622	6,220,872	7,057,445	35,737,902	34,308,278	32,017,796	20,351,355	20,770,312	20,041,937	20,417,739	19,355,457	16,918,202	2,498,411
Investments & Other	49,957	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	8,058,863	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	244,296,061	64,114,553	37,060,820	39,317,989	35,739,088	34,310,329	32,018,658	20,363,243	25,890,678	25,523,022	26,872,281	26,738,245	25,165,512	2,499,330
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	134,726	24,243	153,105	35,493	40,912	22,709	0	0	95,907	60,290	40,885
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	39,442,137	11,156,904	270,539	0	0	0	0	0	0	62,127	44,842	76,999	12,024	3,724
Cash	124,557,631	170,218,567	10,935,563	17,760,330	6,527,115	9,403,825	9,317,781	2,738,905	5,030,968	3,091,880	5,887,174	5,856,949	3,847,031	1,281,410
misc current assets	12,406,853	4,002,911	1,756,553	2,246,809	0	0	0	0	0	22,729	197,714	0	0	0
total current assets	176,406,621	185,378,383	12,962,655	20,141,865	6,551,358	9,556,930	9,353,274	2,779,817	5,053,677	3,176,736	6,129,730	6,029,855	3,919,345	1,326,019
total assets	420,702,682	249,492,936	50,023,475	59,459,854	42,290,446	43,867,259	41,371,932	23,143,060	30,944,355	28,699,758	33,002,011	32,768,100	29,084,857	3,825,349
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	304,461	538,933	215,175	271,967	229,046	16,038	28,380	11,632	94,841	92,231	317,371	97,517
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	768,235	768,235	0	0	1,360,792	0	0	0	0	0	0	0	0	0
hp & lease commitments	219,699	47,521	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	23,031,730	17,446,516	327,946	145,000	65,000	464,317	162,940	132,982	307,514	136,421	250,254	410,653	81,646	241,566
total current liabilities	24,019,665	18,262,273	632,407	683,933	1,640,967	736,284	391,986	149,020	335,894	148,053	345,095	502,884	399,017	339,083
loans	116,233,183	18,679,785	33,907,391	20,570,411	3,461,833	0	0	0	0	0	2,359,112	5,430,730	5,353,004	0
hp & lease commitments	578,432	260,162	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	95,913,516	36,475,399	0	6,246,071	0	3,635,955	3,643,042	3,161,592	2,235,512	2,477,310	0	0	0	0
provisions	1,026,820	0	0	424,764	457,382	506,410	564,900	387,330	4,403,556	4,670,984	5,484,024	6,296,370	7,022,676	0
total long term liabilities	154,543,520	45,815,292	27,980,366	27,028,864	3,690,524	3,889,160	3,925,492	3,355,257	4,437,290	4,812,802	5,101,124	5,863,550	6,187,840	0
total liabilities	178,563,185	64,077,565	28,612,773	27,712,797	5,331,491	4,625,444	4,317,478	3,504,277	4,773,184	4,960,855	5,446,219	6,366,434	6,586,857	339,083
net assets	242,139,497	185,415,371	21,410,702	31,747,057	36,958,955	39,241,815	37,054,454	19,638,783	26,171,171	23,738,903	27,555,792	26,401,666	22,498,000	3,486,266
total shareholders funds	242,139,498	185,415,370	21,410,702	31,747,057	36,958,955	39,241,815	37,054,454	19,638,783	26,171,171	23,738,903	27,555,792	26,401,666	22,498,000	3,486,266

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	836,514	-6,259,369	-2,622,923	-2,347,899	-999,466	-1,450,073	-1,529,904	-1,496,524	-1,099,446	-2,595,534	-2,388,557	-1,724,595	-1,116,006	-890,536
Depreciation	40,495	16,469	31,396	703	436	641	14,380	28,714	49,927	4,370	79,535	4,981	31,160	719
Amortisation	24,860	2,028	0	0	0	0	0	0	31,989	0	0	0	0	0
Tax	0	0	108,526	0	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	36,344,096	10,886,365	135,813	110,483	-128,862	117,612	-5,419	18,203	-39,418	17,285	-128,064	100,592	27,705	44,609
Creditors	0	-304,461	-234,472	323,758	-56,792	42,921	213,008	-12,342	16,748	-83,209	2,610	-225,140	219,854	97,517
Accruals and Deferred Income	5,585,214	17,118,570	182,946	80,000	-399,317	301,377	29,958	-174,532	171,093	-113,833	-160,399	329,007	-159,920	241,566
Deferred Taxes & Provisions	1,026,820	0	-424,764	-32,618	-49,028	-58,490	177,570	-4,016,226	-267,428	-813,040	-812,346	-726,306	7,022,676	0
Cash flow from operations	-28,830,193	-313,128	-3,095,104	-2,086,539	-1,375,305	-1,281,236	-1,089,569	-5,689,113	-1,057,699	-3,618,531	-3,151,093	-2,442,645	5,970,059	-595,343
Investing Activities
capital expenditure	-180,246,863	-27,072,231	2,225,773	-3,579,604	-1,429,195	-2,292,312	-11,669,795	5,498,721	-449,572	1,344,889	-213,571	-1,577,714	-22,697,342	-2,500,049
Change in Investments	49,957	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-180,296,820	-27,072,231	2,225,773	-3,579,604	-1,429,195	-2,292,312	-11,669,795	5,498,721	-449,572	1,344,889	-213,571	-1,577,714	-22,697,342	-2,500,049
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	768,235	0	-1,360,792	1,360,792	0	0	0	0	0	0	0	0	0
Long term loans	97,553,398	-15,227,606	13,336,980	17,108,578	3,461,833	0	0	0	0	-2,359,112	-3,071,618	77,726	5,353,004	0
Hire Purchase and Lease Commitments	490,448	307,683	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	59,438,117	36,475,399	-6,246,071	6,246,071	-3,635,955	-7,087	481,450	926,080	-241,798	2,477,310	0	0	0	0
share issue	61,024,064	174,816,988	-8,058,944	-2,040,684	-1,180,371	3,854,517	19,162,005	-4,987,689	3,674,204	-1,103,668	3,643,607	5,707,719	18,381,296	4,372,623
interest	-5,136,451	-4,552,951	236,986	-823,315	-91,996	-217,084	-216,430	-48,175	-142,490	-117,687	-100,924	-79,458	-51,807	4,179
cash flow from financing	213,369,576	192,587,748	-731,049	19,129,858	-85,697	3,630,346	19,427,025	-4,109,784	3,289,916	-1,103,157	471,065	5,705,987	23,682,493	4,376,802
cash and cash equivalents
cash	-45,660,936	159,283,004	-6,824,767	11,233,215	-2,876,710	86,044	6,578,876	-2,292,063	1,939,088	-2,795,294	30,225	2,009,918	2,565,621	1,281,410
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-45,660,936	159,283,004	-6,824,767	11,233,215	-2,876,710	86,044	6,578,876	-2,292,063	1,939,088	-2,795,294	30,225	2,009,918	2,565,621	1,281,410

P&L

December 2022

turnover

operating profit

836.5k

-113%

gross margin

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

242.1m

+0.31%

total assets

420.7m

+0.69%

cash

124.6m

-0.27%

net assets

Total assets minus all liabilities

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company number

05676866

Type

Public limited with Share Capital

industry

08990 - Other mining and quarrying n.e.c.

incorporation date

January 2006

age

accounts

Group

ultimate parent company

None

previous names

horizonte minerals holdings plc (March 2006)

incorporated

address

1 knightsbridge green, 5th floor, london, SW1X 7QA

last accounts submitted

December 2022

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 12 charges/mortgages relating to horizonte minerals plc. Currently there are 12 open charges and 0 have been satisfied in the past.

horizonte minerals plc Company Information

horizonte minerals plc Estimated Valuation

horizonte minerals plc Estimated Valuation

horizonte minerals plc Estimated Valuation

Horizonte Minerals Plc AI Business Plan

Horizonte Minerals Plc Overview

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horizonte minerals plc Credit Report and Business Information

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horizonte minerals plc Ownership

horizonte minerals plc directors

HORIZONTE MINERALS PLC financials

horizonte minerals plc company details

horizonte minerals plc Charges & Mortgages

horizonte minerals plc Companies House Filings - See Documents