ARIANA RESOURCES PLC
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Cash
£913K
-63.7% vs 2023
Net assets
£43M
+101.8% vs 2023
Employees
50
+25% vs 2023
Profit before tax
£2.7M
+4,494.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-06-30.
-
Material uncertainty over going concern
We draw attention to note 1 in the consolidated financial statements, which indicates that continued operations of the group is dependent on the group's ability to obtain additional financing and generate profitable operations in the future.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£2,046,000 | -£2,904,000 | -41.9% | |
| Profit before tax | £59,000 | £2,711,000 | +4,494.9% | |
| Net profit | -£218,000 | £2,692,000 | +1,334.9% | |
| Cash | £2,517,000 | £913,000 | -63.7% | |
| Total assets less current liabilities | £21,514,000 | £44,140,000 | +105.2% | |
| Net assets | £21,514,000 | £43,407,000 | +101.8% | |
| Equity | £21,514,000 | £43,407,000 | +101.8% | |
| Average employees | 40 | 50 | +25% | |
| Wages | £1,041,000 | £1,233,000 | +18.4% | |
| Directors' remuneration | £541,000 | £734,000 | +35.7% |
Values shown as filed in the company's annual accounts. — 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 |
|---|---|---|---|
| Return on capital employed | -9.5% | -6.6% | |
| Gearing (liabilities / total assets) | 1.9% | 4.8% | |
| Current ratio | 11.84x | 1.42x | |
| Interest cover | — | -85.41x |
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 1 time since incorporation
- ARIANA RESOURCES PLC 2005-05-27 → present
- COBCO 679 PLC 2005-03-24 → 2005-05-27
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to note 1 in the consolidated financial statements, which indicates that continued operations of the group is dependent on the group's ability to obtain additional financing and generate profitable operations in the future.”
Group structure
- ARIANA RESOURCES PLC · parent
- Ariana Exploration & Development Limited 100%
- Rockover Holdings Limited 100%
- Canister Resources (Pvt) Limited 100%
- Portswood Resources Limited 100%
- Galata Mineral Madencilik San. ve Tic. A.S. 100%
- Greater Pontides Exploration B.V. 100%
- Asgard Metals Pty. Ltd. 100%
- Western Tethyan Resources Ltd 76.36%
- Kosovo Mineral Resources LLC 100%
- Kosovo Mining Ventures LLC 100%
- Angros Resources LLC 100%
- North Macedonia Mineral Resources LLC 100%
- Bulgaria Mineral Resources LLC 100%
Significant events
- “Reforestation programme around Kiziltepe mine site.”
- “Beekeeping activities continued at Kiziltepe mine site.”
- “Three environmental audits successfully completed by the Ministry of Environment, Urbanisation and Climate Change.”
- “ISO 14001-Environmental Management System studies implemented at the mine.”
- “Carbon footprint and water footprint reporting completed.”
- “Environmental training for employees continued.”
- “Flora and Fauna report prepared to track biodiversity.”
- “Rehabilitation of drill pads, roads and sumps in Zimbabwe.”
- “Re-purposing bore holes for community well projects in Zimbabwe.”
- “Repair of bore hole pipes at local primary school in Zimbabwe.”
- “Fumigation and repair of damaged roof of local clinic in Zimbabwe.”
- “Wet season environmental flora and fauna survey completed in Zimbabwe.”
- “Acquisition of Dokwe Gold Project in Zimbabwe.”
- “Tavsan Mine commenced mining operations early in the year.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| VILLIERS, Michael John De | Secretary | 2005-03-31 | — | British |
| ATKINS, Michael William | Director | 2025-06-03 | Mar 1954 | Australian |
| DU TOIT, Andrew John | Director | 2024-06-26 | Jun 1964 | Zimbabwean,Irish |
| GRAHAM, Nicholas John Gore | Director | 2024-06-26 | Oct 1949 | British |
| PAYNE, William James Benedict | Director | 2010-07-22 | May 1965 | British |
| SANGSTER, Christopher John Stuart | Director | 2016-08-02 | Jul 1958 | British |
| SENER, Ahmet Kerim, Dr | Director | 2005-04-01 | Jul 1976 | British |
| VILLIERS, Michael John De | Director | 2005-04-15 | Jan 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COBBETTS (SECRETARIAL) LIMITED | Corporate Nominee Secretary | 2005-03-24 | 2005-03-31 |
| ETHERIDGE, Michael Anthony, Dr | Director | 2005-04-01 | 2008-07-09 |
| GRAINGER, Matthew Roy | Director | 2005-04-01 | 2006-09-07 |
| POULTON, Steven James | Director | 2005-04-01 | 2007-04-01 |
| READING, David John Richard | Director | 2008-05-12 | 2009-10-07 |
| SPRIGGS, Michael Jeremy | Director | 2005-04-01 | 2013-07-24 |
| COBBETTS (SECRETARIAL) LIMITED | Corporate Director | 2005-03-24 | 2005-04-01 |
| COBBETTS LIMITED | Corporate Nominee Director | 2005-03-24 | 2005-04-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 215 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-17 MA Memorandum articles
- 2025-07-17 RESOLUTIONS Resolution
- 2024-07-24 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-02-06 | SH01 | capital | Capital allotment shares | |
| 2026-02-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-02 | SH01 | capital | Capital allotment shares | |
| 2025-09-11 | SH01 | capital | Capital allotment shares | |
| 2025-07-22 | AA | accounts | Accounts with accounts type group | |
| 2025-07-17 | MA | incorporation | Memorandum articles | |
| 2025-07-17 | RESOLUTIONS | resolution | Resolution | |
| 2025-06-17 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-11 | CH01 | officers | Change person director company with change date | |
| 2025-04-29 | SH01 | capital | Capital allotment shares | |
| 2025-04-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-08 | SH01 | capital | Capital allotment shares | |
| 2024-11-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-13 | MISC | miscellaneous | Miscellaneous | |
| 2024-07-24 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-15 | SH01 | capital | Capital allotment shares | |
| 2024-07-05 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 6
- 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.