ARGO BLOCKCHAIN PLC
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Cash
£1.6m
USD 2,204,000
-74.4% lowest in 3 filed years
Net assets
£9.6m
USD 12,900,000
+143.8% highest in 3 filed years
Employees
20
-20% lowest in 3 filed years
Profit before tax
£3.5m
USD 4,672,000
+108.5% highest in 3 filed years
Net assets
3-year trend · vs Technology 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 | £37,575,622 | £34,943,887 | £11,535,489 | -67% | |
| Operating profit | -£14,671,126 | -£11,389,818 | -£9,958,380 | +12.6% | |
| Profit before tax | -£25,742,847 | -£40,700,111 | £3,472,315 | +108.5% | |
| Net profit | -£25,742,847 | -£40,952,806 | £3,778,521 | +109.2% | |
| Cash | £5,531,773 | £6,411,000 | £1,638,053 | -74.4% | |
| Total assets less current liabilities | £35,938,313 | £7,297,659 | £10,905,983 | +49.4% | |
| Net assets | £117,428 | -£21,913,787 | £9,587,514 | +143.8% | |
| Equity | £117,428 | — | £9,587,514 | — | |
| Average employees | 30 | 25 | 20 | -20% | |
| Wages | £4,471,944 | £3,171,312 | £2,521,739 | -20.5% | |
| Directors' remuneration | £1,120,496 | £1,539,058 | £655,938 | -57.4% |
Figures converted to GBP from USD at 0.743 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 | -39.0% | -32.6% | -86.3% | |
| Net margin | -68.5% | -117.2% | 32.8% | |
| Return on capital employed | -40.8% | -156.1% | -91.3% | |
| Gearing (liabilities / total assets) | 99.8% | 253.1% | 43.2% | |
| Current ratio | 0.54x | 1.24x | 0.51x | |
| Interest cover | -1.71x | -2.25x | -3.19x |
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.
Name history
Renamed 2 times since incorporation
- ARGO BLOCKCHAIN PLC 2017-12-21 → present
- ARGO BLOCKCHAIN LIMITED 2017-12-21 → 2017-12-21
- GOSUN BLOCKCHAIN LIMITED 2017-12-05 → 2017-12-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these forecasts and available mitigating actions, the Directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis and no material uncertainty has been identified.”
Group structure
- ARGO BLOCKCHAIN PLC · parent
- Argo Innovation Labs Inc. 100%
- 9377-2556 Quebec Inc. 100%
- Argo Holdings US Inc. 100%
- Argo Operating US LLC 100%
- Growler USCo Inc 100%
Significant events
- “On 11 December 2025, a restructuring plan under Part 26A of the Companies Act 2006 in respect of the Company became effective following sanction by the High Court of Justice, Business and Property Courts of England and Wales.”
- “On 15 December 2025, the restructuring plan was implemented... As part of the UK Restructuring, the Company's 8.75% Senior Notes due 2026 were equitized and cancelled, and Growler Mining Tuscaloosa, LLC ("Growler") became the Company's controlling shareholder.”
- “The Company's ordinary shares were delisted from the London Stock Exchange on 12 December 2025 in connection with the UK Restructuring.”
- “Subsequent to 31 December 2025, the Company entered into a subscription facility agreement with its controlling shareholder, Growler Mining Tuscaloosa, LLC... As at the date of approval of these financial statements, the Company has drawn $2,500,000 under the Facility.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MSP CORPORATE SERVICES LIMITED | Corporate Secretary | 2023-02-02 | — | — |
| HICKMAN, Ralfe Harrison | Director | 2025-12-12 | Jul 1992 | American |
| NOLAN, Justin | Director | 2025-03-22 | Jul 1981 | American |
| PERRELLA, Maria | Director | 2021-07-29 | May 1965 | Canadian |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| APPLETON, Alexander James | Secretary | 2021-07-29 | 2023-02-02 |
| LE DRUILLENEC, Timothy | Secretary | 2017-12-20 | 2020-03-30 |
| SAVAGE, James | Secretary | 2020-03-30 | 2021-07-29 |
| APPLETON, Alexander James | Director | 2021-07-29 | 2023-02-01 |
| BEESTON, Adrian Richard Thorpe | Director | 2017-12-20 | 2018-05-17 |
| BIXBY, Jonathan Franklin | Director | 2018-02-02 | 2019-05-16 |
| CHIPPAS, Thomas Joseph | Director | 2023-11-27 | 2025-02-01 |
| CHOPRA, Raghav | Director | 2022-02-23 | 2025-08-06 |
| D'ATTANASIO, Marco | Director | 2020-07-21 | 2021-07-29 |
| EDWARDS, Michael Scott | Director | 2018-02-02 | 2020-01-27 |
| GOW, Sarah Jane | Director | 2021-07-29 | 2023-02-08 |
| LE DRUILLENEC, Timothy Vincent | Director | 2017-12-05 | 2020-06-25 |
| MACLEOD, Ian Donald | Director | 2020-01-01 | 2021-07-28 |
| PENCHINA, Gil | Director | 2018-02-02 | 2020-01-01 |
| SAVAGE, James | Director | 2020-05-05 | 2021-07-29 |
| SHAW, Matthew Ian | Director | 2019-07-17 | 2025-06-27 |
| SULLIVAN, Colleen | Director | 2021-07-29 | 2021-11-08 |
| WALL, Peter George | Director | 2020-01-01 | 2023-02-09 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Luther Stancel Pate Iv | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-12-12 | Active |
| Durban Holdings Inc | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-12-20 | Ceased 2018-08-03 |
| Mr Timothy Vincent Le Druillenec | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-05 | Ceased 2017-12-20 |
Filing timeline
Last 20 of 132 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-01-22 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type group | |
| 2026-03-31 | SH01 | capital | Capital allotment shares | |
| 2026-02-10 | SH01 | capital | Capital allotment shares | |
| 2026-01-22 | RESOLUTIONS | resolution | Resolution | |
| 2026-01-16 | SH01 | capital | Capital allotment shares | |
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-31 | OC-R | liquidation | Legacy | |
| 2025-12-22 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-12-22 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-18 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | SH01 | capital | Capital allotment shares | |
| 2025-11-10 | RP01SH01 | miscellaneous | Legacy | |
| 2025-09-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 20
- Capital events
- 10
- Officers appointed
- 1
- Officers resigned
- 1
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.