KERAS RESOURCES PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-08 (in 2mo)
Last made up 2025-06-24
Watchouts
None on the register
Cash
£249K
+34.6% vs 2023
Net assets
£3M
-7.3% vs 2023
Employees
5
0% vs 2023
Profit before tax
-£753K
-71.1% vs 2023
Name history
Renamed 1 time since incorporation
- KERAS RESOURCES PLC 2015-12-11 → present
- FERREX PLC 2010-08-23 → 2015-12-11
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 | £916,000 | £1,119,000 | |
| Operating profit | -£267,000 | -£670,000 | |
| Profit before tax | -£440,000 | -£753,000 | |
| Net profit | -£446,000 | -£753,000 | |
| Cash | £185,000 | £249,000 | |
| Total assets less current liabilities | £3,714,000 | £4,948,000 | |
| Net assets | £3,183,000 | £2,951,000 | |
| Equity | £3,183,000 | £2,951,000 | |
| Average employees | 5 | 5 | |
| Wages | £193,000 | £165,000 |
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 |
|---|---|---|---|
| Operating margin | -29.1% | -59.9% | |
| Net margin | -48.7% | -67.3% | |
| Return on capital employed | -7.2% | -13.5% | |
| Gearing (liabilities / total assets) | 32.7% | 52.0% | |
| Current ratio | 0.96x | 0.91x | |
| Interest cover | -1.54x | -3.22x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- MAH, Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On this basis, the Directors have a reasonable expectation that the Group and Company will have adequate resources to continue in operational existence for the foreseeable future. As such, the Directors continue to adopt the going concern basis of accounting.”
Group structure
- KERAS RESOURCES PLC · parent
- Southern Iron Limited 1%
- Falcon Isle Resources LLC 1%
- Keras US LLC 1%
- Falcon Isle Holdings LLC 1%
Significant events
- “On 29 December 2023, the group disposed of all its 85% shareholding in Société Générale des Mines, as detailed in note 21.”
- “On 7 April 2025 new Ordinary Shares were issued as set out in note 24 above.”
- “On 25 June 2025 the Company issued zero coupon convertible loan notes for £750,000.”
- “Colton Hale who joined the Company as Managing Director of FIR in March 2025”
- “Graham Stacey who resigned in January 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORITZ, Brian Michael | Secretary | 2021-09-07 | — | — |
| LAMMING, Russell John | Director | 2010-08-23 | May 1969 | British |
| MORITZ, Brian Michael | Director | 2010-08-23 | May 1936 | British |
| PARRY, Claire | Director | 2022-09-01 | Aug 1973 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARGIL MANAGEMENT SERVICES LIMITED | Corporate Secretary | 2010-08-23 | 2021-09-08 |
| CARTER, James John | Director | 2012-06-12 | 2016-09-12 |
| HEPBURN-BROWN, Peter Gordon | Director | 2015-11-17 | 2017-09-29 |
| KEITH, Philippa Anne | Director | 2010-08-23 | 2010-08-23 |
| PITCHFORD, Roy Aubrey | Director | 2010-12-16 | 2016-09-12 |
| REEVES, David Russell Stuart | Director | 2010-12-16 | 2022-09-01 |
| STACEY, Graham David | Director | 2021-11-09 | 2025-01-16 |
| LEA YEAT LIMITED | Corporate Director | 2010-08-23 | 2010-08-23 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 144 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-08-22 RESOLUTIONS Resolution
- 2024-08-02 RESOLUTIONS Resolution
- 2023-08-31 RESOLUTIONS Resolution
- 2022-07-27 RESOLUTIONS Resolution
- 2022-07-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-01 | SH01 | capital | Capital allotment shares | |
| 2025-09-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-04 | AA | accounts | Accounts with accounts type group | |
| 2025-04-28 | SH01 | capital | Capital allotment shares | |
| 2025-01-23 | SH01 | capital | Capital allotment shares | |
| 2025-01-22 | SH01 | capital | Capital allotment shares | |
| 2025-01-22 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-02 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-05 | AA | accounts | Accounts with accounts type group | |
| 2023-08-31 | RESOLUTIONS | resolution | Resolution | |
| 2023-07-24 | AA | accounts | Accounts with accounts type group | |
| 2023-07-17 | SH01 | capital | Capital allotment shares | |
| 2023-07-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-03 | TM01 | officers | Termination director company with name termination date | |
| 2022-09-03 | AP01 | officers | Appoint person director company with name date | |
| 2022-07-27 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-27 | RESOLUTIONS | resolution | Resolution | |
| 2022-07-18 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 4
- 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
+22.2%
£916,000 £1,119,000
-
Cash
+34.6%
£185,000 £249,000
-
Net assets
-7.3%
£3,183,000 £2,951,000
-
Employees
0%
5 5
-
Operating profit
-150.9%
-£267,000 -£670,000
-
Profit before tax
-71.1%
-£440,000 -£753,000
-
Wages
-14.5%
£193,000 £165,000
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