XSTRATA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-15 (in 8mo)
Last made up 2026-01-01
Watchouts
Cash
—
Latest balance sheet
Net assets
£2B
+8.3% vs 2023
Employees
—
Average over period
Profit before tax
£198M
+238% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Name history
Renamed 2 times since incorporation
- XSTRATA LIMITED 2013-05-07 → present
- XSTRATA PLC 2002-02-18 → 2013-05-07
- GLASSDESK LIMITED 2001-12-31 → 2002-02-18
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£741,290 | -£741,290 | |
| Profit before tax | £58,561,898 | £197,924,388 | |
| Net profit | £55,596,738 | £180,874,722 | |
| Cash | — | — | |
| Total assets less current liabilities | £2,181,616,012 | £2,362,490,734 | |
| Net assets | £2,181,616,012 | £2,362,490,734 | |
| Equity | £2,181,616,012 | £2,362,490,734 | |
| Average employees | — | — | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -0.0% | -0.0% | |
| Current ratio | 736.75x | 123.58x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the prospects of the Company over a period of at least 12 months. The Directors have considered expectations of the position and performance of the Company over this period, considering its short-term and longer-range plans including the rationalisation of the Company and its operations within the wider Glencore group of companies.”
Significant events
- “The Company has disposed of its investment in the current year as part of a group restructure, as outlined in note 8.”
- “As part of the Group restructuring in November 2024, the Company sold all 157 A shares held in Glencore (Nederland) B.V. to Glencore (Schweiz) AG at market value of USD 158.7 million. A reversal of impairment amounting to USD 158.7 million (2023: nil) was recognized as a result of the sale.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUBROVSKA, Kateryna | Secretary | 2024-05-23 | — | — |
| BURTON, John William | Director | 2013-05-03 | Jan 1965 | British |
| HAERING, Martin William | Director | 2013-05-03 | Sep 1964 | Swiss |
| HUBER, Stephan | Director | 2019-03-25 | Sep 1971 | Swiss |
| PEREZAGUA MARIN, Carlos | Director | 2014-03-27 | Jul 1974 | Spanish |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURTON, John William | Secretary | 2013-05-03 | 2013-05-29 |
| ELLISTON, Richard Paul | Secretary | 2003-12-01 | 2013-05-02 |
| HINKS, Matthew Barrie | Secretary | 2013-05-29 | 2015-09-25 |
| LEVENE, Benny Steven | Secretary | 2001-12-31 | 2002-02-25 |
| REID, Nicholas James | Secretary | 2015-09-25 | 2024-05-23 |
| CHALFEN SECRETARIES LIMITED | Corporate Secretary | 2002-02-25 | 2003-12-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-12-31 | 2001-12-31 |
| AZZOPARDI, Brian Keith | Director | 2013-05-03 | 2014-03-27 |
| AZZOPARDI, Brian Keith | Director | 2001-12-31 | 2002-02-25 |
| BOND, John Reginald Hartnell, Sir | Director | 2011-05-04 | 2013-05-02 |
| DAVIS, Michael Lawrence, Sir | Director | 2002-02-25 | 2013-05-02 |
| DOMENICONI, Reto Fiorenzo, Dr Sc Techu | Director | 2002-02-25 | 2002-06-01 |
| FAUCONNIER, Con | Director | 2010-05-05 | 2013-05-02 |
| GLASENBERG, Ivan | Director | 2002-02-25 | 2013-05-03 |
| HAZEN, Paul Mandeville | Director | 2002-02-25 | 2010-05-05 |
| HOOLEY, Peter | Director | 2009-05-05 | 2013-05-02 |
| HUBMANN, Andreas Peter | Director | 2013-05-03 | 2019-03-25 |
| ISSROFF, David Raymond | Director | 2002-02-25 | 2006-05-10 |
| LAMOUREUX, Claude Richard | Director | 2008-05-06 | 2013-05-02 |
| LEVENE, Benny Steven | Director | 2001-12-31 | 2002-02-25 |
| MACDONNELL, Robert | Director | 2002-02-25 | 2009-05-06 |
| MISTAKIDIS, Aristotelis | Director | 2011-05-04 | 2013-05-03 |
| PETERSON, Tor Carmichael | Director | 2011-05-04 | 2013-05-03 |
| REID, Trevor Lawrence | Director | 2002-02-25 | 2013-05-02 |
| ROBSON, Stephen Arthur, Sir | Director | 2002-02-25 | 2013-05-02 |
| ROUGH, David | Director | 2002-04-01 | 2013-05-02 |
| ROUX, Frederick Johannes Paul | Director | 2002-02-25 | 2007-08-07 |
| STRACHAN, Ian Charles | Director | 2003-05-08 | 2013-05-02 |
| STROTHOTTE, Willy Reinhard | Director | 2002-02-25 | 2011-05-04 |
| ZALDUMBIDE, Santiago | Director | 2002-02-25 | 2013-05-02 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-12-31 | 2001-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glencore Group Corporation | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-23 | Ceased 2025-04-01 |
| Glencore Services (Uk) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-12-23 |
| Glencore Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 302 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-16 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-04-14 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-04-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CH01 | officers | Change person director company with change date | |
| 2022-10-03 | CH01 | officers | Change person director company with change date | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-10 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-12-17 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
+8.3%
£2,181,616,012 £2,362,490,734
-
Employees
—
Not reported
-
Operating profit
0%
-£741,290 -£741,290
-
Profit before tax
+238%
£58,561,898 £197,924,388
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