CONDOR GOLD LIMITED

1. CONDOR GOLD LIMITED 2025-01-27 → present
2. CONDOR GOLD PLC 2012-06-29 → 2025-01-27
3. CONDOR RESOURCES PLC 2006-04-07 → 2012-06-29
4. CONDOR RESOURCES LIMITED 2005-10-10 → 2006-04-07

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

IFRS

Reporting scope

Consolidated group

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's financial statements for the year ended 31 December 2024 have been prepared on the basis that it is a going concern which contemplates the continuity of business activities and the realisation of assets and the settlement of liabilities in the normal course of business. After making enquiries the Company's directors believe that there are reasonable grounds to believe that the use of the going concern basis remains appropriate.”

Group structure

1. CONDOR GOLD LIMITED · parent
   1. Condor S.A. 100% · Nicaragua · Gold and silver exploration
   2. La India Gold S.A. 100% · Nicaragua · Gold and silver exploration
   3. La India Inversiones S.A. 100% · Nicaragua · Gold and silver exploration

Significant events

• “In December 2024, the Board recommended the sale of 100% of the Company's issued (and to be issued) capital to Metals Exploration plc. This transaction was accepted by shareholders and from 15 January 2025, the Company became a 100% subsidiary of Metals Exploration plc.”
• “On 15 January 2025, 100% of the Company's issued capital was acquired by MTL and all the then existing directors resigned and were replaced by MTL nominee appointees.”
• “A change of control 24-month termination payment of £400,000 was paid to the ex-CEO Mark Child in January 2025.”
• “Post year-end, as the Group completed the sale of 100% of its share capital for consideration of £67.5m, this sale supports the judgement that the carrying value of the disposal group was recoverable and no impairment was required.”

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

2

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

  —

  Not reported

• Cash

  -15.5%

  £1,969,249 → £1,664,951

• Net assets

  -1.6%

  £44,779,497 → £44,062,967

• Employees

  —

  Not reported

• Operating profit

  -82.5%

  -£1,701,920 → -£3,105,167

• Profit before tax

  -83%

  -£1,687,175 → -£3,086,739

• Wages

  -15.4%

  £585,111 → £494,910

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