ORIOLE RESOURCES PLC

WESSEX HOUSE, UPPER MARKET STREET, EASTLEIGH, SO50 9FD

Previous name: STRATEX INTERNATIONAL PLC (changed on 04-Sep-2018)

Company Number: 05601091
Incorporation date: 24-Oct-2005
Status: Active
Entity type: Public Limited Company

SIC codes:
07290 Mining of other non-ferrous metal ores





SUMMARY

This company is 18.4 years old and is currently active. The company has positive equity (net assets) of GBP 9.6 million which has decreased from the previous year's figure of GBP 9.8 million. Retained earnings is negative (GBP -17.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 5 active officers (directors or partners) who are or were officers of 43 other companies, 6 (14.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: GROUP (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
23-Mar-2020 GBP -1,406,000 5,000 -1,660,000
31-Dec-2019 GBP -1,406,000 5,000 -1,660,000
31-Dec-2018 GBP -2,547,000 67,000 -41,000 -4,661,000
01-Mar-2018 GBP -7,501,652 45,550 -20,189 -5,402,433
31-Dec-2017 GBP -7,501,652 45,550 -20,189 -5,402,433


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
23-Mar-2020 GBP 163,000 284,000 4,908,000 21,253,000 -17,578,000 9,559,000
31-Dec-2019 GBP 163,000 284,000 4,908,000 21,253,000 -17,578,000 9,768,000
31-Dec-2018 GBP 1,287,000 2,070,000 4,908,000 21,253,000 -16,427,000 11,435,000
01-Mar-2018 GBP 2,038,970 3,015,137 4,673,113 20,426,431 -11,852,484 14,930,172
31-Dec-2017 GBP 2,038,970 3,015,137 4,673,113 20,426,431 -11,852,484 14,913,633

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 4.79% 1,061,456 21,117,830 22,179,286 19,985,573
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Robert John SMEETON 04 Jun 2018 29 Mar 2024 1 - 0
Resigned Jacqueline SAMUELS 24 Oct 2005 24 Oct 2005 British 3 - 123
Resigned Perry Colin ASHWOOD 24 Oct 2005 04 Jun 2018 Chartered Accountant British 1 - 10

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Eileen CARR 17 Feb 2022 Accountant British 1 - 194 (20.0%)
Active Claire Jenna Louise BAY 09 Jul 2021 Geologist British 1 - 00 (0.0%)
Active David Almgren PELHAM 03 Sep 2018 Company Director British 1 - 21 (33.3%)
Resigned John Francis Gerald MCGLOIN 03 Sep 2018 17 Feb 2022 Company Director English 1 - 72 (25.0%)
Active Robert John SMEETON 04 Jun 2018 Chartered Accountant British 6 - 181 (4.2%)
Active Timothy James LIVESEY 01 Mar 2018 Chief Executive Officer British 2 - 21 (25.0%)
Resigned Robert Peter, Dr FOSTER 27 Nov 2017 01 Mar 2018 Chief Executive Officer British 3 - 83 (27.3%)
Resigned Marcus David ENGELBRECHT 01 Sep 2016 01 Nov 2017 Md Australian 0 - 20 (0.0%)
Resigned Emma Kinder PRIESTLEY 28 Nov 2014 17 Oct 2017 Mining Engineer British 4 - 112 (13.3%)
Resigned John Richard COLE-BAKER 01 Feb 2012 31 Mar 2015 Manager British 0 - 30 (0.0%)
Resigned Gerald Peter Lacy ADDISON 09 Jun 2008 03 Sep 2018 Solicitor British 0 - 118 (72.7%)
Resigned Christopher Raymond John HALL 01 Feb 2008 31 Dec 2016 Geologist British 0 - 50 (0.0%)
Resigned Andrew Frederic De Paula MALIM 10 May 2007 31 Dec 2007 Corporate Finance British 4 - 2011 (45.8%)
Resigned CITY LAW SERVICES LIMITED 24 Oct 2005 24 Oct 2005 0 - 7235 (48.6%)
Resigned Jacqueline SAMUELS 24 Oct 2005 24 Oct 2005 Chartered Secretary British 3 - 12348 (38.1%)
Resigned Perry Colin ASHWOOD 24 Oct 2005 04 Jun 2018 Chartered Accountant British 1 - 102 (18.2%)
Resigned Robert Peter, Dr FOSTER 24 Oct 2005 01 Sep 2016 Geologist British 3 - 83 (27.3%)
Resigned Gavin John BURNELL 24 Oct 2005 31 Jan 2007 Corporate Adviser British 7 - 237 (23.3%)
Resigned Paul James FOORD 24 Oct 2005 20 Feb 2008 Management Consultant British 2 - 273 (10.3%)
Number of active directors: 5
Average tenure of active directors: 4.5 years
Average tenure of resigned directors: 4.1 years
Average active director Dissolution Rate: 16.5%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
CLUFF OIL LIMITED (01087471) - Active
CLUFF MINERAL EXPLORATION LIMITED (01335290) - Active
HTEC LIMITED (01486255) - Active
CLUFF RESOURCES LIMITED (01903902) - Dissolved
CLUFF MINING (GHANA) LIMITED (01993422) - Dissolved
UNIVERSE GROUP LIMITED (02639726) - Active
MASTER CHANGE LIMITED (03016306) - Active
HTEC GROUP LIMITED (03120466) - Active
RIDGE MINING (UK) LIMITED (03165108) - Dissolved
AMARA MINING (BURKINA) LIMITED (03179606) - Active
RETAIL MARKETS (EUROPE) LIMITED (03226314) - Active
BELLWORD LIMITED (03235599) - Active
INTER GALACTIC II LIMITED (03321527) - Active
INDIGO RETAIL TECHNOLOGY LIMITED (03322036) - Active
RIDGE MINING LIMITED (03549005) - Active
FIRESTONE DIAMONDS LIMITED (03589905) - Active
RIDGE GOLD MINES LIMITED (03679822) - Dissolved
MASTERNET ASSOCIATES LTD (03997765) - Active
BIZPOINTS LIMITED (04001967) - Active
FIRST REMIT (UK) LIMITED (04200203) - Active
MONTERRICO METALS LIMITED (04236974) - Active
UNIVERSE TRUSTEES (NO.2) LIMITED (04706251) - Active
AMARA MINING LIMITED (04822520) - Active
AMARA MINING (SIERRA LEONE) LIMITED (04842192) - Active
STRATEX EXPLORATION LIMITED (05213577) - Active
BUNREE RESOURCE MANAGEMENT LIMITED (05266770) - Active
HUMMINGBIRD RESOURCES PLC (05467327) - Active
ORIOLE RESOURCES PLC (05601091) - Active
BARRICK GOLD UK LIMITED (05857817) - Active - Proposal to Strike off
PREPAID CARD MANAGEMENT LIMITED (06033805) - Active
INDIGO RETAIL HOLDINGS LIMITED (06317633) - Active
STRATEX WEST AFRICA LIMITED (06390516) - Active
JET SET WASH SYSTEMS LIMITED (06406795) - Dissolved
GRST MANAGEMENT LIMITED (06593210) - Dissolved
SPEDINORCON LIMITED (07616954) - Active
BUENAVISTA GOLD LIMITED (07756384) - Active
HTEC RETAIL SERVICES LIMITED (08755907) - Active
MINEXIA LIMITED (08984482) - Active
LELANTOS CONSULTING LIMITED (09048606) - Active
BACANORA LITHIUM LIMITED (11189628) - Active
ORIOLE BIBEMI LIMITED (15438511) - Active
ORIOLE MBE LIMITED (15501378) - Active
ORIOLE LITHIUM LIMITED (15501408) - Active
WSF SERVICES LTD. (SC214502) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



no controlling companies

ORIOLE RESOURCES PLC

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 07290 Mining of other non-ferrous metal ores)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
FRESNILLO PLC 2ND FLOOR, 21, UPPER BROOK STREET, LONDON, ENGLAND, W1K 7PY 06344120 2017-12-31 2,093,308 560,807

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
ORIOLE RESOURCES PLC 0.9% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium

VALUATION (BETA)




Valuation ratios as at 2024-02-28


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
ORIOLE RESOURCES PLC 12,860,000 8,603,380 -10.1 -10.1
Industrial Metals and Mining
( 49 companies)
109,079,550,000 122,792,528,851 9.2
(median)
1.7
(median)
3.1
(median)
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