XSTRATA LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-15 (in 8mo)
Last made up 2026-01-01
Watchouts
Cash
—
Latest balance sheet
Net assets
£2B
USD 3,187,000,000
+8.3% vs 2023
Employees
—
Average over period
Profit before tax
£200M
USD 267,000,000
+238% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£747,552 | -£747,552 | |
| Profit before tax | £59,056,590 | £199,596,322 | |
| Net profit | £56,066,383 | £182,402,631 | |
| Cash | — | — | |
| Total assets less current liabilities | £2,200,044,853 | £2,382,447,484 | |
| Net assets | £2,200,044,853 | £2,382,447,484 | |
| Equity | £2,200,044,853 | £2,382,447,484 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
+8.3%
£2,200,044,853 £2,382,447,484
-
Employees
—
Not reported
-
Operating profit
0%
-£747,552 -£747,552
-
Profit before tax
+238%
£59,056,590 £199,596,322
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -0.0% | -0.0% | |
| Current ratio | 736.75x | 123.58x |
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
- XSTRATA LIMITED 2013-05-07 → present
- XSTRATA PLC 2002-02-18 → 2013-05-07
- GLASSDESK LIMITED 2001-12-31 → 2002-02-18
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have assessed the prospects of the Company over a period of at least 12 months. The Directors have considered expectations of the position and performance of the Company over this period, considering its short-term and longer-range plans including the rationalisation of the Company and its operations within the wider Glencore group of companies.”
Significant events
- “The Company has disposed of its investment in the current year as part of a group restructure, as outlined in note 8.”
- “As part of the Group restructuring in November 2024, the Company sold all 157 A shares held in Glencore (Nederland) B.V. to Glencore (Schweiz) AG at market value of USD 158.7 million. A reversal of impairment amounting to USD 158.7 million (2023: nil) was recognized as a result of the sale.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 31 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUBROVSKA, Kateryna | Secretary | 2024-05-23 | — | — |
| BURTON, John William | Director | 2013-05-03 | Jan 1965 | British |
| HAERING, Martin William | Director | 2013-05-03 | Sep 1964 | Swiss |
| HUBER, Stephan | Director | 2019-03-25 | Sep 1971 | Swiss |
| PEREZAGUA MARIN, Carlos | Director | 2014-03-27 | Jul 1974 | Spanish |
Show 31 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BURTON, John William | Secretary | 2013-05-03 | 2013-05-29 |
| ELLISTON, Richard Paul | Secretary | 2003-12-01 | 2013-05-02 |
| HINKS, Matthew Barrie | Secretary | 2013-05-29 | 2015-09-25 |
| LEVENE, Benny Steven | Secretary | 2001-12-31 | 2002-02-25 |
| REID, Nicholas James | Secretary | 2015-09-25 | 2024-05-23 |
| CHALFEN SECRETARIES LIMITED | Corporate Secretary | 2002-02-25 | 2003-12-01 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 2001-12-31 | 2001-12-31 |
| AZZOPARDI, Brian Keith | Director | 2013-05-03 | 2014-03-27 |
| AZZOPARDI, Brian Keith | Director | 2001-12-31 | 2002-02-25 |
| BOND, John Reginald Hartnell, Sir | Director | 2011-05-04 | 2013-05-02 |
| DAVIS, Michael Lawrence, Sir | Director | 2002-02-25 | 2013-05-02 |
| DOMENICONI, Reto Fiorenzo, Dr Sc Techu | Director | 2002-02-25 | 2002-06-01 |
| FAUCONNIER, Con | Director | 2010-05-05 | 2013-05-02 |
| GLASENBERG, Ivan | Director | 2002-02-25 | 2013-05-03 |
| HAZEN, Paul Mandeville | Director | 2002-02-25 | 2010-05-05 |
| HOOLEY, Peter | Director | 2009-05-05 | 2013-05-02 |
| HUBMANN, Andreas Peter | Director | 2013-05-03 | 2019-03-25 |
| ISSROFF, David Raymond | Director | 2002-02-25 | 2006-05-10 |
| LAMOUREUX, Claude Richard | Director | 2008-05-06 | 2013-05-02 |
| LEVENE, Benny Steven | Director | 2001-12-31 | 2002-02-25 |
| MACDONNELL, Robert | Director | 2002-02-25 | 2009-05-06 |
| MISTAKIDIS, Aristotelis | Director | 2011-05-04 | 2013-05-03 |
| PETERSON, Tor Carmichael | Director | 2011-05-04 | 2013-05-03 |
| REID, Trevor Lawrence | Director | 2002-02-25 | 2013-05-02 |
| ROBSON, Stephen Arthur, Sir | Director | 2002-02-25 | 2013-05-02 |
| ROUGH, David | Director | 2002-04-01 | 2013-05-02 |
| ROUX, Frederick Johannes Paul | Director | 2002-02-25 | 2007-08-07 |
| STRACHAN, Ian Charles | Director | 2003-05-08 | 2013-05-02 |
| STROTHOTTE, Willy Reinhard | Director | 2002-02-25 | 2011-05-04 |
| ZALDUMBIDE, Santiago | Director | 2002-02-25 | 2013-05-02 |
| INSTANT COMPANIES LIMITED | Corporate Nominee Director | 2001-12-31 | 2001-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Glencore Group Corporation | Legal person | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-23 | Ceased 2025-04-01 |
| Glencore Services (Uk) Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-12-23 |
| Glencore Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 302 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-16 | AA | accounts | Accounts with accounts type full | |
| 2025-04-29 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-04-29 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2025-04-14 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-04-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-01-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-05-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-01-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-23 | AA | accounts | Accounts with accounts type full | |
| 2023-01-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-10-03 | CH01 | officers | Change person director company with change date | |
| 2022-10-03 | CH01 | officers | Change person director company with change date | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-10 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2022-01-10 | PSC03 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-12-17 | SH19 | capital | Capital statement capital company with date currency figure |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.