CADENCE MINERALS PLC
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Cash
£1.1m
+62.3% highest in 3 filed years
Net assets
£19m
+8.2% highest in 3 filed years
Employees
6
0% vs 2024
Profit before tax
-£1.7m
+48.7% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Industrials 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 | — | — | — | — | |
| Operating profit | -£3,316,000 | -£3,317,000 | -£1,693,000 | +49% | |
| Profit before tax | -£3,019,000 | -£3,325,000 | -£1,707,000 | +48.7% | |
| Net profit | -£3,019,000 | -£3,325,000 | -£1,707,000 | +48.7% | |
| Cash | £215,000 | £655,000 | £1,063,000 | +62.3% | |
| Total assets less current liabilities | £18,753,000 | £17,213,000 | £18,620,000 | +8.2% | |
| Net assets | £18,451,000 | £17,213,000 | £18,620,000 | +8.2% | |
| Equity | £18,451,000 | £17,213,000 | £18,620,000 | +8.2% | |
| Average employees | 6 | 6 | 6 | 0% | |
| Wages | £628,000 | £572,000 | £632,000 | +10.5% | |
| Directors' remuneration | £518,000 | £460,500 | £520,500 | +13% |
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 |
|---|---|---|---|---|
| Return on capital employed | -17.7% | -19.3% | -9.1% | |
| Gearing (liabilities / total assets) | 7.6% | 6.7% | 2.8% | |
| Current ratio | 6.81x | 4.14x | 9.29x |
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
- CADENCE MINERALS PLC 2017-03-24 → present
- RARE EARTH MINERALS PLC 2010-11-29 → 2017-03-24
- ZEST GROUP PLC 2005-03-01 → 2010-11-29
- BOREDALE PLC 2004-09-17 → 2005-03-01
Audit & accounting basis
- Accounting basis
- UK-adopted International Accounting Standards
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”
Group structure
- CADENCE MINERALS PLC · parent
- Amapá Iron Ore Project 34.7%
- Sonora Lithium Project 30%
Significant events
- “On 6 January 2026, the State of Amapá environmental authority ("SEMA/AP") granted a Preliminary Environmental Licence ("LP") for the Amapá Iron Ore Project in Brazil, confirming the environmental feasibility of the project at its planned 5.5 Mtpa production capacity and covering the Azteca processing plant and associated mine infrastructure.”
- “On 13 March 2026, the Company announced that detailed engineering studies for the Azteca Plant had been completed and that procurement and contractor mobilisation planning were in place to support the planned refurbishment programme.”
- “On 25 March 2026, LCM Funding SG Pty Ltd issued a Funding Confirmation Notice under the Arbitration Funding Agreement entered into with the Company and its wholly owned subsidiary, REM Mexico Limited, in relation to legal claims concerning the Sonora Lithium Project in Mexico under the UK-Mexico BIT. The funding arrangement provides non-recourse litigation funding for legal fees and disbursements associated with the arbitration proceedings.”
- “On 5 May 2026, DEV Mineração S.A., owner and operator of the Amapá Iron Ore Project in Brazil, received Installation Licence No. 006/2026 from SEMA/AP, authorising refurbishment, construction and installation works at the Amapá site, including the recommissioning of the Azteca processing plant.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRANG, Donald Ian George Layman | Secretary | 2013-09-19 | — | — |
| FAIRBOURN, Adrian | Director | 2011-02-02 | Jul 1969 | British |
| MORZARIA, Kiran Caldas | Director | 2015-07-31 | Apr 1974 | British |
| STRANG, Donald Ian George Layman | Director | 2013-09-19 | Dec 1967 | Australian |
| SUCKLING, Andrew Paul | Director | 2015-04-22 | Jul 1971 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MORZARIA, Kiran Caldas | Secretary | 2011-11-15 | 2013-09-19 |
| STRANG, Donald | Secretary | 2010-09-27 | 2011-11-15 |
| KITWELL CONSULTANTS LIMITED | Corporate Secretary | 2004-09-17 | 2010-09-27 |
| CRAISSATI, Andrew Charles | Director | 2007-04-11 | 2007-08-13 |
| CRAWLEY, Jonathan Paul | Director | 2005-03-24 | 2009-01-13 |
| GAZDIG, Grant John Paul | Director | 2006-06-27 | 2008-02-15 |
| GRIFFITHS, Richard James | Director | 2004-09-17 | 2013-09-19 |
| LEE, Marcus Joseph | Director | 2007-05-08 | 2008-02-15 |
| LENIGAS, David Anthony | Director | 2010-01-27 | 2015-12-21 |
| MAUNDRELL, John William | Director | 2004-09-17 | 2006-05-22 |
| WELTMAN, Stephen | Director | 2004-11-24 | 2010-09-24 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 184 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-10-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-12 | AA | accounts | Accounts with accounts type full | |
| 2026-02-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-21 | RP01SH01 | miscellaneous | Legacy | |
| 2025-10-14 | SH01 | capital | Capital allotment shares | |
| 2025-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-01 | SH01 | capital | Capital allotment shares | |
| 2025-10-01 | RP01SH01 | miscellaneous | Legacy | |
| 2025-09-29 | SH01 | capital | Capital allotment shares | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2024-10-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-03 | SH01 | capital | Capital allotment shares | |
| 2024-09-03 | SH01 | capital | Capital allotment shares | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-11-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-18 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2023-08-15 | SH01 | capital | Capital allotment shares | |
| 2023-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-06-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-03-22 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 5
- 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.