VATUKOULA GOLD MINES LIMITED
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Cash
—
Latest balance sheet
Net assets
-£96m
-57.4% lowest in 3 filed years
Employees
—
Average over period
Profit before tax
-£35m
-1,599% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
The company had a net current liability of £16,200 (2024: £16,200) and net liability of £96.11 million (2024: £61.05 million) at the year ended 31 December 2025, and fully relies on its ultimate parent's financial support.
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Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
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3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
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Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £0 | £0 | — | — | |
| Operating profit | -£1,969,000 | -£2,986,000 | -£36,460,000 | -1,121% | |
| Profit before tax | -£1,079,000 | -£2,064,000 | -£35,067,000 | -1,599% | |
| Net profit | -£1,079,000 | -£2,064,000 | -£35,067,000 | -1,599% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | -£58,982,000 | -£61,046,000 | — | — | |
| Equity | -£58,982,000 | -£61,046,000 | -£96,113,000 | -57.4% | |
| Average employees | 5 | 5 | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Interest cover | -0.55x | -8.16x | -9.27x |
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.
Name history
Renamed 3 times since incorporation
- VATUKOULA GOLD MINES LIMITED 2020-12-14 → present
- VATUKOULA GOLD MINES PLC 2008-08-15 → 2020-12-14
- RIVER DIAMONDS PLC 2004-04-30 → 2008-08-15
- RIVER DIAMONDS GROUP PLC 2004-03-01 → 2004-04-30
Audit & accounting basis
- Accounting basis
- other
- Reporting scope
- Standalone (parent only)
- Auditor
- Shinewing Wilson Accountancy Limited
- Audit opinion
- Qualified
- Going concern
- Material uncertainty disclosed
“The company had a net current liability of £16,200 (2024: £16,200) and net liability of £96.11 million (2024: £61.05 million) at the year ended 31 December 2025, and fully relies on its ultimate parent's financial support.”
Group structure
- VATUKOULA GOLD MINES LIMITED · parent
- Viso Gero International Inc 100%
- Vatukoula Gold Pty Limited 100%
- Vatukoula Finance Pty Ltd 100%
- Vatukoula Australia Pty Ltd 100%
- Vatukoula Gold Mines Pte Limited 100%
- Koula Mining Company Limited 100%
- Jubilee Mining Company Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAYTONS SECRETARIES LIMITED | Corporate Secretary | 2004-03-01 | — | — |
| HE, Ian | Director | 2013-02-25 | Mar 1962 | Canadian |
| TANG, Lei | Director | 2026-01-01 | May 1973 | Chinese |
| YANG, Limin | Director | 2026-01-01 | Feb 1983 | Chinese |
| ZHU, Yuhua | Director | 2019-02-11 | Aug 1975 | Chinese |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BALME, Anthony David Nettleton | Director | 2004-06-18 | 2008-03-12 |
| CAO, Quinghua | Director | 2014-07-03 | 2019-02-11 |
| CREW, Richard Edwin | Director | 2004-06-18 | 2005-11-30 |
| HERBET, Neil Lindsey | Director | 2008-04-02 | 2009-07-08 |
| KEARNEY, John Francis | Director | 2009-07-09 | 2013-06-21 |
| KONG, Lingquan | Director | 2019-02-11 | 2019-07-01 |
| LENIGAS, David Anthony | Director | 2004-06-18 | 2012-01-04 |
| LI, Wei | Director | 2013-05-20 | 2014-07-03 |
| LI, Zhenchuan | Director | 2014-05-27 | 2022-01-01 |
| LU, Yongan | Director | 2013-05-20 | 2014-07-03 |
| MACPHERSON, John | Director | 2009-07-06 | 2014-04-14 |
| MAO, Debao | Director | 2019-02-11 | 2026-01-01 |
| MORZARIA, Kiran Caldas | Director | 2004-08-26 | 2013-06-21 |
| NG, Yeung | Director | 2013-02-25 | 2018-08-27 |
| ORR-EWING, Ian Colin, Lord | Director | 2004-06-18 | 2013-05-22 |
| PAXTON, David Karl | Director | 2008-11-01 | 2014-04-11 |
| SHAW-HARDIE, Nicholas David | Director | 2004-06-18 | 2008-03-12 |
| STALKER, Ian John | Director | 2008-04-02 | 2013-01-03 |
| STRANG, Donald Ian George Layman | Director | 2007-03-12 | 2008-12-17 |
| SUN, Lei | Director | 2014-07-03 | 2019-02-11 |
| WANG, Chao | Director | 2022-01-01 | 2026-01-01 |
| ZHENG, Fengwen | Director | 2013-02-25 | 2014-07-03 |
| ZHENG, Yuzhi | Director | 2022-01-01 | 2026-01-01 |
| BART MANAGEMENT LIMITED | Corporate Nominee Director | 2004-03-01 | 2004-06-18 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 225 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-01-27 MA Memorandum articles
- 2022-01-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-07-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-25 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-18 | AA | accounts | Accounts with accounts type full | |
| 2025-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-07-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-03-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-01 | AA | accounts | Accounts with accounts type full | |
| 2023-03-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-04 | AA | accounts | Accounts with accounts type full | |
| 2022-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-27 | MA | incorporation | Memorandum articles | |
| 2022-01-27 | RESOLUTIONS | resolution | Resolution | |
| 2022-01-18 | AP01 | officers | Appoint person director company with name date | |
| 2022-01-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 3
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.