XTRACT RESOURCES PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-05 (in 6mo)
Last made up 2025-10-22
Watchouts
None on the register
Cash
£2M
Latest balance sheet
Net assets
£18M
Equity attributable
Employees
7
Average over period
Profit before tax
-£419K
Period ending 2024-12-31
Name history
Renamed 2 times since incorporation
- XTRACT RESOURCES PLC 2013-06-25 → present
- XTRACT ENERGY PLC 2006-05-08 → 2013-06-25
- RESMEX PLC 2004-10-22 → 2006-05-08
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£197,000 | -£1,406,000 | |
| Profit before tax | -£172,000 | -£419,000 | |
| Net profit | £635,000 | -£862,000 | |
| Cash | £630,000 | £2,170,000 | |
| Total assets less current liabilities | £21,392,000 | £18,373,000 | |
| Net assets | £19,886,000 | £18,373,000 | |
| Equity | £19,886,000 | £18,373,000 | |
| Average employees | 27 | 7 | |
| Wages | £634,000 | £508,000 |
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 | -0.9% | -7.7% | |
| Gearing (liabilities / total assets) | 9.3% | 4.3% | |
| Current ratio | 3.35x | 5.60x | |
| Interest cover | -21.89x | -175.75x |
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
- UK-adopted International Accounting Standards
- Reporting scope
- Consolidated group
- Auditor
- MAH, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the entity's ability to continue to adopt the going concern basis of accounting included a detailed review of the Group's forecasts in comparison to available management accounts at the date of these financials to assess the reasonability of the estimates made. We have further performed a sensitivity analysis to conclude on the degree to which current cash reserves will be able to sustain the Group for at least a further twelve months from the date of these financials. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- XTRACT RESOURCES PLC · parent
- Xtract International Limited 100%
- Xtract Energy Spain SL 100%
- Xtract Energy Holdings Limited 100%
- Elko Energy Inc. 100%
- Elko Energy A/S 100%
- RPK Finance & Holdings BV 100%
- Elko Energy BV 100%
- Elko Exploration BV 100%
- Polar Mining (Barbados) Limited 100%
- Minera Polar Limitada 100%
- Prospectore Ltd 100%
- Ascott Mining Zambia Ltd 99%
- Sandown Holdings 100%
Significant events
- “On 5 February 2025, the Company announced that it had agreed to purchase dump material and to conduct trial work testing and evaluation of the material from sites in Zambia. The Company had agreed to pay the seller US$300,000 in cash to for the material valued at US$1.15 per tonne, to be sourced from the seller's sites in Zambia.”
- “On 24 February 2025, the Company announced that it had agreed with MMP, and parties related to MMP, the buyers of the Manica project ('Buyers'), to reschedule the US$3m balloon payment due on or before 1 March 2027 as well as the additional deferred payments connected with the decision to build a sulphide orebody plant.”
- “On 8 May 2025, the Company announced that it had awarded 13,700,000 new options (representing 1.6 per cent. of the current issued share capital) to Directors and a further 11,860,000 new options to employees, consultants and officers of the Company. The new options vest and are exercisable immediately on award, with an exercise price of 1.35p per new Ordinary Share. The new options will lapse five years after the date of the award, being 7 May 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LION MINING FINANCE LIMITED | Corporate Secretary | 2016-09-01 | — | — |
| BIRD, Colin | Director | 2012-09-10 | Nov 1943 | British |
| FORD, Alastair | Director | 2020-07-23 | Jun 1971 | British |
| SILBERSTEIN, Joel Messod | Director | 2014-02-25 | Feb 1975 | British |
| THYGESEN, Kjeld Randolph | Director | 2021-08-20 | Jun 1947 | Danish |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BARRY, Talya | Secretary | 2006-03-10 | 2008-03-10 |
| ABACUS LONDON LIMITED | Corporate Secretary | 2004-10-22 | 2006-03-10 |
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2008-03-07 | 2014-02-28 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Secretary | 2004-10-22 | 2004-10-22 |
| ST JAMES'S CORPORATE SERVICES LIMITED | Corporate Secretary | 2014-03-01 | 2016-09-01 |
| ANNELLS, Robert John | Director | 2004-11-11 | 2009-12-31 |
| BUTCHER, Paul David | Director | 2010-07-02 | 2012-07-06 |
| CONLON, John Joseph | Director | 2007-01-04 | 2010-03-31 |
| HUME, Alan Douglas | Director | 2010-10-01 | 2012-11-01 |
| KANE, Jeremy Alden | Director | 2011-09-12 | 2012-09-10 |
| LAYDEN, Carl Euston | Director | 2004-10-22 | 2007-01-01 |
| MOIR, Peter Lemon | Director | 2010-05-19 | 2021-12-31 |
| MORRISON, Andrew John Gowdy | Director | 2007-07-09 | 2010-07-05 |
| NELSON, Jan Petrus | Director | 2013-05-28 | 2016-09-13 |
| NEWTON, John Allan | Director | 2006-03-10 | 2011-06-30 |
| NICHOLS, Mark James | Director | 2008-01-15 | 2011-06-30 |
| OSTRANDER, David | Director | 2004-10-22 | 2005-03-14 |
| READ, Jeremy James | Director | 2020-11-03 | 2021-08-04 |
| SAMTANI, Raju | Director | 2012-10-17 | 2013-05-24 |
| WATKINS, George Edward | Director | 2011-07-01 | 2012-09-10 |
| WICKERSON, Susan Joan | Director | 2004-11-09 | 2010-10-01 |
| LONDON LAW SECRETARIAL LIMITED | Corporate Nominee Director | 2004-10-22 | 2004-10-22 |
| LONDON LAW SERVICES LIMITED | Corporate Nominee Director | 2004-10-22 | 2004-10-22 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 246 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-11-18 RESOLUTIONS Resolution
- 2024-09-24 RESOLUTIONS Resolution
- 2021-11-17 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-09 | SH01 | capital | Capital allotment shares | |
| 2025-11-18 | RESOLUTIONS | resolution | Resolution | |
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-07 | AA | accounts | Accounts with accounts type group | |
| 2025-06-04 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-08 | AA | accounts | Accounts with accounts type group | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-12 | AA | accounts | Accounts with accounts type group | |
| 2023-02-16 | SH01 | capital | Capital allotment shares | |
| 2022-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-12 | SH01 | capital | Capital allotment shares | |
| 2022-07-19 | AA | accounts | Accounts with accounts type group | |
| 2022-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2021-11-17 | RESOLUTIONS | resolution | Resolution | |
| 2021-10-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-27 | SH01 | capital | Capital allotment shares | |
| 2021-08-27 | AP01 | officers | Appoint person director company with name date | |
| 2021-08-20 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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