western gold exploration (uk) limited Company Information
Company Number
10510465
Next Accounts
Sep 2025
Industry
Mining of other non-ferrous metal ores
Shareholders
western gold exploration ltd
Group Structure
View All
Contact
Registered Address
4th floor, 95 chancery lane, london, WC2A 1DT
western gold exploration (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of WESTERN GOLD EXPLORATION (UK) LIMITED at £0 based on a Turnover of £0 and 1.02x industry multiple (adjusted for size and gross margin).
western gold exploration (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of WESTERN GOLD EXPLORATION (UK) LIMITED at £0 based on an EBITDA of £-505.4k and a 2.78x industry multiple (adjusted for size and gross margin).
western gold exploration (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of WESTERN GOLD EXPLORATION (UK) LIMITED at £0 based on Net Assets of £-1.4m and 1.28x industry multiple (adjusted for liquidity).
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Western Gold Exploration (uk) Limited Overview
Western Gold Exploration (uk) Limited is a live company located in london, WC2A 1DT with a Companies House number of 10510465. It operates in the mining of other non-ferrous metal ores sector, SIC Code 07290. Founded in December 2016, it's largest shareholder is western gold exploration ltd with a 100% stake. Western Gold Exploration (uk) Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Western Gold Exploration (uk) Limited Health Check
Pomanda's financial health check has awarded Western Gold Exploration (Uk) Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Western Gold Exploration (uk) Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Employees
There is insufficient data available for this Key Performance Indicator!
- - Western Gold Exploration (uk) Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Western Gold Exploration (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1182 weeks, this is more cash available to meet short term requirements (21 weeks)
- - Western Gold Exploration (uk) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 196.3%, this is a higher level of debt than the average (38.7%)
- - Western Gold Exploration (uk) Limited
- - Industry AVG
WESTERN GOLD EXPLORATION (UK) LIMITED financials
Western Gold Exploration (Uk) Limited's latest turnover from December 2023 is estimated at 0 and the company has net assets of -£1.4 million. According to their latest financial statements, we estimate that Western Gold Exploration (Uk) Limited has no employees and maintains cash reserves of £104 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
---|---|---|---|---|---|---|---|
Turnover | |||||||
Other Income Or Grants | |||||||
Cost Of Sales | |||||||
Gross Profit | |||||||
Admin Expenses | |||||||
Operating Profit | |||||||
Interest Payable | |||||||
Interest Receivable | |||||||
Pre-Tax Profit | |||||||
Tax | |||||||
Profit After Tax | |||||||
Dividends Paid | |||||||
Retained Profit | |||||||
Employee Costs | |||||||
Number Of Employees | |||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 8,907 | 14,332 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 319,700 | 319,700 | 1,557,931 | 1,557,931 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 1,016,837 | 1,016,837 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,345,444 | 1,350,869 | 1,557,931 | 1,557,931 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 45,988 | 0 | 15,113 | 56,811 | 64,346 | 28,873 | 24,248 |
Cash | 103,999 | 19,808 | 73,713 | 53,959 | 257 | 6,947 | 437,131 |
misc current assets | 0 | 15,572 | 0 | 331,565 | 0 | 19,298 | 0 |
total current assets | 149,987 | 35,380 | 88,826 | 442,335 | 64,603 | 55,118 | 461,379 |
total assets | 1,495,431 | 1,386,249 | 1,646,757 | 2,000,266 | 64,603 | 55,118 | 461,379 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 15,113 | 13,999 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 4,572 | 55,252 | 44,658 | 202,933 | 155,000 | 1,156 | 720,000 |
total current liabilities | 4,572 | 70,365 | 58,657 | 202,933 | 155,000 | 1,156 | 720,000 |
loans | 2,930,244 | 2,009,301 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 2,930,244 | 2,009,301 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 2,934,816 | 2,079,666 | 58,657 | 202,933 | 155,000 | 1,156 | 720,000 |
net assets | -1,439,385 | -693,417 | 1,588,100 | 1,797,333 | -90,397 | 53,962 | -258,621 |
total shareholders funds | -1,439,385 | -693,417 | 1,588,100 | 1,797,333 | -90,397 | 53,962 | -258,621 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | |||||||
Depreciation | 5,425 | 1,418 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | |||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 45,988 | 1,001,724 | -41,698 | -7,535 | 35,473 | 4,625 | 24,248 |
Creditors | -15,113 | 1,114 | 13,999 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | -50,680 | 10,594 | -158,275 | 47,933 | 153,844 | -718,844 | 720,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | |||||||
Investing Activities | |||||||
capital expenditure | |||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 920,943 | 2,009,301 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||
interest | |||||||
cash flow from financing | |||||||
cash and cash equivalents | |||||||
cash | 84,191 | -53,905 | 19,754 | 53,702 | -6,690 | -430,184 | 437,131 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 84,191 | -53,905 | 19,754 | 53,702 | -6,690 | -430,184 | 437,131 |
western gold exploration (uk) limited Credit Report and Business Information
Western Gold Exploration (uk) Limited Competitor Analysis
Perform a competitor analysis for western gold exploration (uk) limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other young companies, companies in WC2A area or any other competitors across 12 key performance metrics.
western gold exploration (uk) limited Ownership
WESTERN GOLD EXPLORATION (UK) LIMITED group structure
Western Gold Exploration (Uk) Limited has no subsidiary companies.
Ultimate parent company
WESTERN GOLD EXPLORATION (UK) LIMITED
10510465
western gold exploration (uk) limited directors
Western Gold Exploration (Uk) Limited currently has 2 directors. The longest serving directors include Mr Ross McLellan (Dec 2016) and Ms Chelsea Hayes (May 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Ross McLellan | Scotland | 57 years | Dec 2016 | - | Director |
Ms Chelsea Hayes | England | 49 years | May 2023 | - | Director |
P&L
December 2023turnover
0
-100%
operating profit
-510.8k
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.4m
+1.08%
total assets
1.5m
+0.08%
cash
104k
+4.25%
net assets
Total assets minus all liabilities
western gold exploration (uk) limited company details
company number
10510465
Type
Private limited with Share Capital
industry
07290 - Mining of other non-ferrous metal ores
incorporation date
December 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
western gold exploration limited (December 2020)
charles thomas holdings limited (May 2017)
accountant
BRAES ACCOUNTANCY LIMITED
auditor
-
address
4th floor, 95 chancery lane, london, WC2A 1DT
Bank
-
Legal Advisor
-
western gold exploration (uk) 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 did not find charges/mortgages relating to western gold exploration (uk) limited.
western gold exploration (uk) 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.
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western gold exploration (uk) limited Companies House Filings - See Documents
date | description | view/download |
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