MINREC LIMITED

CRAIGMAKERRAN HOUSE, GUILDTOWN, PERTH, PERTHSHIRE, PH2 6DF

Company Number: SC279380
Incorporation date: 03-Feb-2005
Status: Active
Entity type: Private Limited Company

SIC codes:
05102 Open cast coal working





SUMMARY

This company is 19.2 years old and is currently active. It is controlled by Mr Guy James Fenton. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -28.8 thousand which has worsened since the previous year's figure of GBP -21.1 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -7.7 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -28.9 thousand), 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 1 active officers (directors or partners) who are or were officers of 6 other companies, 2 (33.3%) 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: 31-Dec-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2023 GBP 1,234 5,403 11,838 22,500 100 -28,878 -28,778
31-Mar-2022 GBP 24,999 25,019 15,438 31,667 100 -21,159 -21,059
31-Mar-2021 GBP 40,319 40,339 7,121 50,000 100 19,685 19,785
31-Mar-2020 GBP 1,518 1,537 14,301 100 23,703 23,803
31-Mar-2019 GBP 1,754 1,773 3,735 100 34,505 34,605
31-Mar-2018 GBP 2,702 2,706 36,563
31-Mar-2017 GBP 5,486 1,551 41,974
31-Mar-2016 GBP 8,190 8,304 2,574 100 65,153 65,253
31-Mar-2015 GBP 47,439 47,642 4,004 100 103,055 103,155
31-Mar-2014 GBP 72,749 72,857 4,852 100 134,718 134,818
31-Mar-2013 GBP 152,377 156,840 3,604 100 304,098 304,198

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2019 GBP 100.00% 100 0 100 -827
31-Mar-2017 GBP inf% -100 100 0 -4,045
* 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 Martin Alexander QUINN 01 May 2007 28 Mar 2024 5 - 39
Resigned Douglas Maclean BLACK 19 Apr 2005 28 Jun 2006 1 - 44
Resigned James Morrison FENTON 03 Feb 2005 19 Apr 2005 0 - 5

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned LYCIDAS SECRETARIES LIMITED 28 Jun 2006 01 May 2007 2 - 485249 (51.1%)
Resigned Michael Ian Ross DICKSON 19 Apr 2005 02 Feb 2009 Consultant British 1 - 2814 (48.3%)
Resigned Charles MCGREGOR 19 Apr 2005 20 Dec 2008 Plant Manager British 0 - 21 (50.0%)
Active Guy James FENTON 03 Feb 2005 Site Agent British 5 - 43 (33.3%)
Resigned OSWALDS OF EDINBURGH LIMITED 03 Feb 2005 03 Feb 2005 0 - 100734638 (46.0%)
Resigned James Morrison FENTON 03 Feb 2005 20 Apr 2007 Farmer & Contractor British 0 - 52 (40.0%)
Number of active directors: 1
Average tenure of active directors: 19.2 years
Average tenure of resigned directors: 2.1 years
Average active director Dissolution Rate: 33.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
CONFEDERATION OF UK COAL PRODUCERS (02551116) - Dissolved
J. FENTON & SONS (CONTRACTORS) LIMITED (SC093864) - Dissolved
JMF TRADING LIMITED (SC265871) - Active
MINREC LIMITED (SC279380) - Active
AQUIVEST001 LTD (SC663167) - Active - Proposal to Strike off
ACQUIVEST BUSINESS GROUP LTD (SC684698) - Active
VENTURE BUSINESS GROUP LTD (SC690884) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

MINREC LIMITED

no controlled companies

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: 05102 Open cast coal working)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
HARGREAVES SURFACE MINING LIMITED WEST TERRACE, ESH WINNING, DURHAM, DH7 9PT 07813088 2018-05-31 53,367,000 -2,675,000
CELTIC ENERGY LIMITED AVALON HOUSE, 5-7 CATHEDRAL ROAD, CARDIFF, UNITED KINGDOM, CF11 9HA 02997376 2018-03-31 39,063,000 13,070,000
CELTIC ENERGY LIMITED AVALON HOUSE, 5-7 CATHEDRAL ROAD, CARDIFF, UNITED KINGDOM, CF11 9HA 02997376 2018-03-31 39,063,000 0
WALTERS RESOURCES LIMITED HIRWAUN HOUSE, HIRWAUN IND ESTATE, HIRWAUN ABERDARE, CF44 9UL 01900234 2018-02-28 17,604,060 0 68209-Other letting and operating of own or leased real estate
78300-Human resources provision and management of human resources functions
CELTIC GROUP HOLDINGS AVALON HOUSE, 5-7 CATHEDRAL ROAD, CARDIFF, UNITED KINGDOM, CF11 9HA 02885745 0000-00-00 0 0
CELTIC MINING GROUP LIMITED AVALON HOUSE, 5-7 CATHEDRAL ROAD, CARDIFF, UNITED KINGDOM, CF11 9HA 05110139 0000-00-00 0 0

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
MINREC LIMITED 0.7% 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 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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