CLIMAX MOLYBDENUM U.K. LIMITED

1. CLIMAX MOLYBDENUM U.K. LIMITED 1988-12-01 → present
2. MINWORTH METALS HOLDINGS LIMITED 1940-02-28 → 1988-12-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis as the Company's parent undertaking Freeport-McMoRan Inc. has confirmed that it will provide such financial support and other support as necessary to enable the Company to meet its liabilities for the Review Period.”

Significant events

• “The Company continues to invest in support of more efficient operations with a particular emphasis on safety and environment. The directors were particularly pleased to note the recognition of our continuous improvement efforts, with the Company receiving a twelfth successive President's gold medal award from the Royal Society for the Prevention of Accidents.”
• “The Company's investment in an on-site solar power unit to reduce future carbon emissions and support and manage energy costs going forward will come into operation in 2025.”
• “Under the UK Pensions Act and Regulation requirements, a court case outcome on 16 June 2023 involving Virgin Media revealed potential challenges with other previously contracted-out defined benefit schemes in the UK... In a decision handed down on 25 July 2024, the court dismissed the appeal...”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -21.8%

  £25,002,000 → £19,564,000

• Cash

  +23.8%

  £1,223,000 → £1,514,000

• Net assets

  +6.5%

  £22,172,000 → £23,605,000

• Employees

  +3.8%

  78 → 81

• Operating profit

  -17.7%

  £2,173,000 → £1,789,000

• Profit before tax

  -13.5%

  £2,800,000 → £2,422,000

• Wages

  -2.5%

  £3,241,000 → £3,161,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers