western gold exploration (uk) limited

western gold exploration (uk) limited Company Information

Share WESTERN GOLD EXPLORATION (UK) LIMITED
Live 
Young

Company Number

10510465

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

£0

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

£0

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

£0

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

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

0 Regular

positive_score

1 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

production

Production

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

employees

Employees

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Western Gold Exploration (uk) Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover068,75946,9360000
Other Income Or Grants0000000
Cost Of Sales050,47133,0350000
Gross Profit018,28813,9010000
Admin Expenses510,7871,287,051223,294-776,305499,386568,682259,715
Operating Profit-510,787-1,268,763-209,393776,305-499,386-568,682-259,715
Interest Payable277,84995,44200000
Interest Receivable3,2501,63716027271,6651,093
Pre-Tax Profit-785,386-1,362,568-209,233776,332-499,359-567,017-258,622
Tax000-147,503000
Profit After Tax-785,386-1,362,568-209,233628,829-499,359-567,017-258,622
Dividends Paid0000000
Retained Profit-785,386-1,362,568-209,233628,829-499,359-567,017-258,622
Employee Costs022,87322,0040000
Number Of Employees0110000
EBITDA*-505,362-1,267,345-209,393776,305-499,386-568,682-259,715

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets8,90714,33200000
Intangible Assets319,700319,7001,557,9311,557,931000
Investments & Other0000000
Debtors (Due After 1 year)1,016,8371,016,83700000
Total Fixed Assets1,345,4441,350,8691,557,9311,557,931000
Stock & work in progress0000000
Trade Debtors0000000
Group Debtors0000000
Misc Debtors45,988015,11356,81164,34628,87324,248
Cash103,99919,80873,71353,9592576,947437,131
misc current assets015,5720331,565019,2980
total current assets149,98735,38088,826442,33564,60355,118461,379
total assets1,495,4311,386,2491,646,7572,000,26664,60355,118461,379
Bank overdraft0000000
Bank loan0000000
Trade Creditors 015,11313,9990000
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities4,57255,25244,658202,933155,0001,156720,000
total current liabilities4,57270,36558,657202,933155,0001,156720,000
loans2,930,2442,009,30100000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions0000000
total long term liabilities2,930,2442,009,30100000
total liabilities2,934,8162,079,66658,657202,933155,0001,156720,000
net assets-1,439,385-693,4171,588,1001,797,333-90,39753,962-258,621
total shareholders funds-1,439,385-693,4171,588,1001,797,333-90,39753,962-258,621
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit-510,787-1,268,763-209,393776,305-499,386-568,682-259,715
Depreciation5,4251,41800000
Amortisation0000000
Tax000-147,503000
Stock0000000
Debtors45,9881,001,724-41,698-7,53535,4734,62524,248
Creditors-15,1131,11413,9990000
Accruals and Deferred Income-50,68010,594-158,27547,933153,844-718,844720,000
Deferred Taxes & Provisions0000000
Cash flow from operations-617,143-2,257,361-311,971684,270-381,015-1,292,151436,037
Investing Activities
capital expenditure01,222,4810-1,557,931000
Change in Investments0000000
cash flow from investments01,222,4810-1,557,931000
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans920,9432,009,30100000
Hire Purchase and Lease Commitments0000000
other long term liabilities0000000
share issue39,418-918,94901,258,901355,000879,6001
interest-274,599-93,80516027271,6651,093
cash flow from financing685,762996,5471601,258,928355,027881,2651,094
cash and cash equivalents
cash84,191-53,90519,75453,702-6,690-430,184437,131
overdraft0000000
change in cash84,191-53,90519,75453,702-6,690-430,184437,131

western gold exploration (uk) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Western Gold Exploration (uk) Limited Competitor Analysis

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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 Shareholders

western gold exploration ltd 100%

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).

officercountryagestartendrole
Mr Ross McLellanScotland57 years Dec 2016- Director
Ms Chelsea HayesEngland49 years May 2023- Director

P&L

December 2023

turnover

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 2023

net 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

None

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

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