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MINREC LIMITED
CRAIGMAKERRAN HOUSE, GUILDTOWN, PERTH, PERTHSHIRE, PH2 6DFCompany 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-2024Accounts Filed: TOTAL EXEMPTION FULL (31-Mar-2023)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|
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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 485 | 249 (51.1%) | ||
Resigned | Michael Ian Ross DICKSON | 19 Apr 2005 | 02 Feb 2009 | Consultant | British | 1 - 28 | 14 (48.3%) |
Resigned | Charles MCGREGOR | 19 Apr 2005 | 20 Dec 2008 | Plant Manager | British | 0 - 2 | 1 (50.0%) |
Active | Guy James FENTON | 03 Feb 2005 | Site Agent | British | 5 - 4 | 3 (33.3%) | |
Resigned | OSWALDS OF EDINBURGH LIMITED | 03 Feb 2005 | 03 Feb 2005 | 0 - 10073 | 4638 (46.0%) | ||
Resigned | James Morrison FENTON | 03 Feb 2005 | 20 Apr 2007 | Farmer & Contractor | British | 0 - 5 | 2 (40.0%) |
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 |