CONDOR GOLD LIMITED
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Cash
£1.9m
+15.4% vs 2024
Net assets
£39m
-10.5% lowest in 3 filed years
Employees
130
+364.3% vs 2024
Profit before tax
-£729k
+76.4% highest in 3 filed years
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 | — | — | — | — | |
| Operating profit | -£1,701,920 | -£3,105,167 | -£1,506,911 | +51.5% | |
| Profit before tax | -£1,687,175 | -£3,086,739 | -£728,935 | +76.4% | |
| Net profit | -£1,687,175 | -£3,086,739 | -£728,935 | +76.4% | |
| Cash | £1,969,249 | £1,664,951 | £1,921,697 | +15.4% | |
| Total assets less current liabilities | £44,779,497 | £46,054,593 | £96,614,211 | +109.8% | |
| Net assets | £44,779,497 | £44,062,967 | £39,446,261 | -10.5% | |
| Equity | £44,779,497 | £44,062,967 | £39,446,261 | -10.5% | |
| Average employees | — | 28 | 130 | +364.3% | |
| Wages | £585,111 | £494,910 | £2,405,706 | +386.1% | |
| Directors' remuneration | £327,589 | £382,699 | £420,833 | +10% |
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 | -3.8% | -6.7% | -1.6% | |
| Gearing (liabilities / total assets) | 0.4% | 7.7% | 59.7% | |
| Current ratio | 13.55x | 28.41x | 1.98x | |
| Interest cover | — | — | -7.76x |
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 — the current trading name was adopted 2025-01-27
- CONDOR GOLD LIMITED 2025-01-27 → present
- CONDOR GOLD PLC 2012-06-29 → 2025-01-27
- CONDOR RESOURCES PLC 2006-04-07 → 2012-06-29
- CONDOR RESOURCES LIMITED 2005-10-10 → 2006-04-07
Audit & accounting basis
- 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 2025 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.”
Group structure
- CONDOR GOLD LIMITED · parent
- Condor S.A. 100%
- La India Gold S.A. 100%
- La India Inversiones S.A. 100%
Significant events
- “In January 2025, the sale of 100% of the Company's issued (and to be issued) capital to Metals Exploration plc ("MTL"), a UK AIM quoted company, by a court approved Scheme of Arrangement was completed. Following the takeover of the Company and its delisting as a publicly traded company the Company re-registered as a private limited company.”
- “During FY2025 the Group commenced construction of the La India gold project.”
- “On 15 January 2025 100% of the Company's issued share capital was acquired by MTL..”
- “The Company's service contracts with its Directors were terminated in January 2025. No new service contracts with directors have been entered into. A change of control 24-month termination payment of £400,000 was paid to the ex-CEO Mark Child in January 2025.”
- “At period end the construction of the Group's La India gold project was slightly ahead of schedule at 33% complete.”
- “It is expected that the first gold production will occur in December 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MSP CORPORATE SERVICES LIMITED | Corporate Secretary | 2025-01-27 | — | — |
| BOWDEN, Darren | Director | 2025-01-15 | Aug 1969 | Australian |
| CATHER, David Connal | Director | 2025-01-15 | Aug 1959 | British |
| LIVESEY, Tim | Director | 2025-01-15 | Sep 1967 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DOODY, Kate | Secretary | 2018-01-23 | 2025-01-27 |
| HOAD, Andrew Michael Gregory | Secretary | 2017-08-25 | 2018-01-23 |
| PUTT, Christopher Howard | Secretary | 2008-01-30 | 2016-04-06 |
| ASB LAW LLP | Corporate Secretary | 2016-12-30 | 2017-08-25 |
| BRADSHAW JOHNSON SECRETARIAL LIMITED | Corporate Secretary | 2016-04-06 | 2016-12-30 |
| BREAMS REGISTRARS AND NOMINEES LIMITED | Corporate Nominee Secretary | 2006-08-16 | 2008-01-30 |
| GOWER SECRETARIES LIMITED | Corporate Secretary | 2005-10-10 | 2006-08-16 |
| CHEATLE, Andrew Mark | Director | 2018-01-18 | 2025-01-15 |
| CHILD, Mark Lucian | Director | 2006-05-24 | 2025-01-15 |
| DAVEY, Roger Owen | Director | 2011-12-19 | 2018-01-18 |
| DOBSON, Stephen | Director | 2006-03-24 | 2006-09-13 |
| ECKHOF, Klaus Peter | Director | 2006-03-24 | 2011-04-06 |
| EKE, Denham Hervey Newall | Director | 2022-12-22 | 2025-01-15 |
| FERGUSON, Nigel Munro | Director | 2006-03-24 | 2008-09-03 |
| FLINDELL, Peter | Director | 2014-08-28 | 2018-06-11 |
| HARCOURT, Kate | Director | 2015-03-02 | 2023-09-11 |
| MELLON, James | Director | 2011-04-06 | 2025-01-15 |
| MOUSSA, Pierre | Director | 2008-08-05 | 2010-07-08 |
| STALKER, John | Director | 2019-11-21 | 2025-01-15 |
| WALL, Tim Lawlor | Director | 2005-10-11 | 2006-04-07 |
| GOWER NOMINEES LIMITED | Corporate Director | 2005-10-10 | 2006-03-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Metals Exploration Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-01-15 | Active |
Filing timeline
Last 20 of 230 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-05 RESOLUTIONS Resolution
- 2025-02-05 RESOLUTIONS Resolution
- 2025-01-27 CERT10 Certificate re registration public limited company to private
- 2025-01-27 RR02 Reregistration public to private company
- 2025-01-27 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-24 | AA | accounts | Accounts with accounts type group | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-10 | CH01 | officers | Change person director company with change date | |
| 2025-10-29 | AD04 | address | Move registers to registered office company with new address | |
| 2025-05-14 | AA | accounts | Accounts with accounts type group | |
| 2025-02-05 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-02-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-05 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-02-05 | SH20 | capital | Legacy | |
| 2025-02-05 | CAP-SS | insolvency | Legacy | |
| 2025-02-05 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-29 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-01-27 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-01-27 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-01-27 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-27 | MAR | incorporation | Re registration memorandum articles | |
| 2025-01-23 | OC | miscellaneous | Court order | |
| 2025-01-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-01-17 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-01-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 2
- 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.