METALS EXPLORATION PLC
Metals Exploration plc is an AIM-listed gold production and exploration company that operates the Runruno gold mine in the Philippines and holds development projects in Nicaragua.
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Cash
£31M
USD 41,171,536
+31.9% highest in 3 filed years
Net assets
£189M
USD 252,786,037
+89.3% highest in 3 filed years
Employees
969
+12.8% highest in 3 filed years
Profit before tax
£34M
USD 45,520,073
+31.4% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
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 | £124,781,312 | £143,097,481 | £156,021,425 | +9% | |
| Operating profit | £21,839,585 | £40,076,678 | £46,085,957 | +15% | |
| Profit before tax | £89,500,913 | £25,932,483 | £34,077,012 | +31.4% | |
| Net profit | £89,271,401 | £19,154,124 | £21,628,941 | +12.9% | |
| Cash | £254,527 | £23,375,278 | £30,821,632 | +31.9% | |
| Total assets less current liabilities | £105,678,471 | £104,583,929 | £217,764,129 | +108.2% | |
| Net assets | £100,264,186 | £99,977,654 | £189,239,435 | +89.3% | |
| Equity | £100,264,186 | £99,977,654 | £189,239,435 | +89.3% | |
| Average employees | 786 | 859 | 969 | +12.8% | |
| Wages | £8,472,646 | £8,802,814 | £7,692,538 | -12.6% | |
| Directors' remuneration | £896,726 | £1,142,583 | £992,462 | -13.1% |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 |
|---|---|---|---|---|
| Operating margin | 17.5% | 28.0% | 29.5% | |
| Net margin | 71.5% | 13.4% | 13.9% | |
| Return on capital employed | 20.7% | 38.3% | 21.2% | |
| Gearing (liabilities / total assets) | 26.2% | 23.3% | 21.8% | |
| Current ratio | 0.60x | 2.33x | 2.65x | |
| Interest cover | 3.17x | 79.43x | 69.12x |
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
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors consider the continuing strong operating and financial performance of the Group, combined with its existing cash holdings, provides ample evidence that there currently is no material uncertainty surrounding the Company and the Group’s ability to continue as a going concern, and in particular, to fund its construction and development activities in Nicaragua. The Company remained debt free at year-end.”
Significant events
- “Equity issues: Post year end 39,213,892 ordinary shares have been issued at an average issue price of 3.44p following the exercise of options and warrants.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 26 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MSP CORPORATE SERVICES LIMITED | Corporate Secretary | 2019-02-18 | — | — |
| BOWDEN, Darren Patrick | Director | 2019-01-01 | Aug 1969 | Australian |
| CATHER, David Connal | Director | 2024-11-01 | Aug 1959 | British |
| CHUBB, Andrew Howard | Director | 2021-04-22 | Jun 1978 | British |
| LIVESEY, Timothy James | Director | 2022-05-05 | Sep 1967 | British |
| MARSHALL, Robert | Director | 2024-11-01 | Aug 1979 | British |
| SMITH, Steven Miles | Director | 2021-08-31 | Jun 1959 | British |
Show 26 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RUDDY, Liam Anthony | Secretary | 2011-04-05 | 2019-02-16 |
| SEMBI, Jaspreet | Secretary | 2008-07-08 | 2011-04-05 |
| SMITH, Steven Miles | Secretary | 2004-07-13 | 2008-07-06 |
| ST JAMES'S SQUARE SECRETARIES LIMITED | Corporate Secretary | 2004-04-08 | 2004-07-13 |
| AYRE, Jeremy William Dowling | Director | 2014-03-06 | 2017-04-07 |
| BARNETT, Philip Charles | Director | 2004-07-13 | 2006-04-25 |
| BEARDSWORTH, Jonathan Paul Bingham | Director | 2006-09-04 | 2012-06-13 |
| CATHER, David Connal | Director | 2021-04-22 | 2023-09-18 |
| DEAN, Timothy James | Director | 2009-01-12 | 2018-05-10 |
| HOLZBERGER, Ian Raymond | Director | 2008-07-08 | 2019-01-24 |
| MAHONEY, Kevin David | Director | 2004-09-29 | 2006-11-06 |
| PARSONS, Edward Foster | Director | 2011-04-05 | 2013-08-01 |
| PEARSON, Jonathan Michael Kuvey | Director | 2007-05-01 | 2010-03-18 |
| POWELL, Gary Raymond | Director | 2004-08-27 | 2009-11-14 |
| SIMOVICI, Lucian Eduard | Director | 2015-01-19 | 2019-02-05 |
| SMITH, Steven Miles | Director | 2004-07-13 | 2008-07-06 |
| STANCLIFFE, Andrew Dean | Director | 2019-02-05 | 2021-08-31 |
| VON SCHIRNDING, Nicholas Kurt | Director | 2024-03-18 | 2025-03-21 |
| WALKER, Guy Redvers | Director | 2011-05-09 | 2024-09-03 |
| WHEELER, Timothy George | Director | 2008-07-08 | 2010-01-08 |
| WHITEHOUSE, Christopher Graham | Director | 2012-08-31 | 2014-12-05 |
| WILLIAMS, Richard Steven | Director | 2011-04-05 | 2012-08-31 |
| WILSON, Julian Graham | Director | 2013-08-01 | 2018-05-10 |
| WRATHALL, Jeremy Bruce Earl | Director | 2021-04-22 | 2022-05-05 |
| ST JAMES'S SQUARE DIRECTORS LIMITED | Corporate Director | 2004-04-08 | 2004-07-13 |
| ST JAMES'S SQUARE SECRETARIES LIMITED | Corporate Director | 2004-04-08 | 2004-07-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Shamil Anil Chandaria | Individual | Significant influence (as trust) | 2021-04-03 | Ceased 2024-09-26 |
| Nicholas Anthony Christopher Candy | Individual | Shares 25–50% (as firm), Voting 25–50% (as firm), Appoints directors (as firm) | 2017-07-24 | Ceased 2025-06-03 |
| Christian Peter Candy | Individual | Shares 25–50% (as firm), Voting 25–50% (as firm), Appoints directors (as firm) | 2017-07-24 | Ceased 2018-05-10 |
Filing timeline
Last 20 of 319 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-06-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-24 | AA | accounts | Accounts with accounts type group | |
| 2026-06-09 | AD02 | address | Change sail address company with old address new address | |
| 2026-06-09 | SH01 | capital | Capital allotment shares | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-06 | SH01 | capital | Capital allotment shares | |
| 2026-03-03 | SH01 | capital | Capital allotment shares | |
| 2026-02-24 | SH01 | capital | Capital allotment shares | |
| 2026-02-12 | SH01 | capital | Capital allotment shares | |
| 2026-02-02 | SH01 | capital | Capital allotment shares | |
| 2026-01-06 | SH01 | capital | Capital allotment shares | |
| 2025-12-19 | SH01 | capital | Capital allotment shares | |
| 2025-12-15 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | CH01 | officers | Change person director company with change date | |
| 2025-10-23 | SH01 | capital | Capital allotment shares | |
| 2025-09-23 | SH01 | capital | Capital allotment shares | |
| 2025-07-30 | CH01 | officers | Change person director company with change date | |
| 2025-07-23 | SH01 | capital | Capital allotment shares | |
| 2025-07-22 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-07-22 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 12
- 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.