FERREXPO PLC
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Cash
£43m
USD 58,447,000
-48.5% lowest in 3 filed years
Net assets
£522m
USD 703,413,000
-29% lowest in 3 filed years
Employees
6,378
-4.4% vs 2024
Profit before tax
-£158m
USD -212,597,000
-870.7% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
These circumstances indicate the existence of a material uncertainty that may cast significant doubt upon the Group's and Company's ability to continue as a going concern.
-
Going-concern uncertainty disclosed
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £511,291,967 | £742,807,227 | £584,284,972 | -21.3% | |
| Operating profit | £55,793,850 | £14,019,421 | -£156,068,275 | -1,213.2% | |
| Profit before tax | £45,422,811 | -£16,252,786 | -£157,771,429 | -870.7% | |
| Net profit | — | -£39,820,121 | -£166,183,302 | -317.3% | |
| Cash | £90,399,278 | £84,303,566 | £43,374,397 | -48.5% | |
| Total assets less current liabilities | — | £759,590,099 | £546,578,850 | -28% | |
| Net assets | £873,493,097 | £735,163,961 | £522,013,358 | -29% | |
| Equity | £873,493,097 | £735,163,961 | £522,013,358 | -29% | |
| Average employees | — | 6,669 | 6,378 | -4.4% | |
| Wages | — | £58,451,130 | £49,292,022 | -15.7% | |
| Directors' remuneration | — | £2,953,677 | £2,599,629 | -12% | |
| Directors' pension contributions | — | £104,266 | £141,744 | +35.9% | |
| Highest paid director | — | £829,982 | £711,408 | -14.3% |
Figures converted to GBP from USD at 0.742 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.9% | 1.9% | -26.7% | |
| Net margin | — | -5.4% | -28.4% | |
| Return on capital employed | — | 1.8% | -28.6% | |
| Gearing (liabilities / total assets) | 17.3% | 22.2% | 24.6% | |
| Current ratio | 0.78x | 1.75x | 1.24x | |
| Interest cover | 12.57x | 3.54x | -43.04x |
Margins divide P&L lines by turnover. 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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“These circumstances indicate the existence of a material uncertainty that may cast significant doubt upon the Group's and Company's ability to continue as a going concern.”
Group structure
- FERREXPO PLC · parent
- Ferrexpo AG 100%
- PJSC Ferrexpo Poltava Mining 100%
- LLC Ferrexpo Yeristovo Mining 100%
- LLC Ferrexpo Belanovo Mining 100%
Significant events
- “withholding of VAT refunds by the Ukrainian tax authorities”
- “impairment loss of US$154 million on non-current operating assets”
- “suspension of production in late 2025 due to attacks on Ukraine's energy infrastructure”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 35 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GREGORY, Mark | Secretary | 2020-03-31 | — | — |
| BROWN, Stuart Michael | Director | 2023-10-22 | Apr 1964 | British |
| GENOVESE, Raffaele Giuseppe Salvatore | Director | 2019-02-13 | Mar 1962 | Swiss |
| KLADIIEV, Mykola | Director | 2023-05-25 | Oct 1972 | Ukrainian |
| MACAULAY, Fiona Margaret | Director | 2019-08-12 | May 1963 | British |
Show 35 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BHARTI, Nayana | Secretary | 2005-07-18 | 2007-06-01 |
| CRANE, Julia Alison | Secretary | 2018-08-02 | 2018-11-12 |
| KEITH, Philippa Anne | Secretary | 2005-07-18 | 2006-07-29 |
| LEONARD, David Jack | Secretary | 2008-08-27 | 2018-08-02 |
| MAWE, Christopher | Secretary | 2018-12-21 | 2019-01-10 |
| MCLELLAND, Brian | Secretary | 2019-01-10 | 2020-03-31 |
| PELLOW, Ian Anthony | Secretary | 2005-07-18 | 2007-06-01 |
| PRISM COSEC LIMITED | Corporate Secretary | 2007-06-01 | 2008-08-27 |
| THROGMORTON SECRETARIES LIMITED | Corporate Secretary | 2005-04-22 | 2005-07-18 |
| ABRAHAMS, Michael David | Director | 2007-06-01 | 2016-11-28 |
| ANDERSEN, Ann-Christin | Director | 2021-03-01 | 2023-05-25 |
| BARING, Oliver Alexander Guy | Director | 2007-12-01 | 2017-11-23 |
| BHARTI, Nayana | Director | 2006-07-29 | 2007-04-25 |
| BURRARD-LUCAS, Stephen Charles | Director | 2016-05-19 | 2020-08-24 |
| DACOMB, Graeme | Director | 2019-06-10 | 2023-12-31 |
| EYRE, Geoff | Director | 2007-05-08 | 2007-06-01 |
| FIELD, Malcolm David, Sir | Director | 2016-03-10 | 2017-05-25 |
| FRAUMAN, David | Director | 2015-10-26 | 2016-03-10 |
| GENOVESE, Raffaele Lucio Giuseppe Salvatore | Director | 2007-06-01 | 2014-08-01 |
| JELINEK, Marek | Director | 2009-03-27 | 2010-05-27 |
| KEITH, Philippa Anne | Director | 2005-04-22 | 2006-07-29 |
| KUONI, Wolfram Andreas | Director | 2007-06-01 | 2016-11-28 |
| LISOVENKO, Vitali | Director | 2016-11-28 | 2026-06-29 |
| LOCKETT, Simon Charles | Director | 2017-06-15 | 2019-01-28 |
| MAWE, Christopher | Director | 2008-01-07 | 2020-07-05 |
| MCSHANE, Dennis Joseph | Director | 2007-04-25 | 2008-11-01 |
| MITIUKOV, Ihor | Director | 2007-06-01 | 2016-11-28 |
| NACKEN, Lambertus Jozef Gertruda | Director | 2014-08-01 | 2019-04-29 |
| NORTH, James Gordon | Director | 2020-07-05 | 2023-05-25 |
| OPPENHEIMER, Michael Carl | Director | 2007-06-01 | 2008-11-01 |
| PELLOW, Ian Anthony | Director | 2005-04-22 | 2007-06-01 |
| POLISHCHUK, Nataliia | Director | 2021-12-29 | 2025-01-11 |
| REILLY, Mary | Director | 2015-05-27 | 2019-04-29 |
| SALAMON, Miklos | Director | 2009-03-27 | 2016-05-19 |
| ZHEVAGO, Kostyantin | Director | 2007-06-01 | 2022-12-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 231 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-10-01 RESOLUTIONS Resolution
- 2026-07-10 RESOLUTIONS Resolution
- 2025-05-30 RESOLUTIONS Resolution
- 2024-05-29 MA Memorandum articles
- 2024-05-29 RESOLUTIONS Resolution
- 2023-06-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-01 | RESOLUTIONS | resolution | Resolution | |
| 2026-09-29 | RP01SH01 | miscellaneous | Legacy | |
| 2026-09-22 | SH01 | capital | Capital allotment shares | |
| 2026-09-16 | AA | accounts | Accounts with accounts type group | |
| 2026-07-10 | RESOLUTIONS | resolution | Resolution | |
| 2026-06-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-16 | AUD | auditors | Auditors resignation company | |
| 2025-05-09 | AA | accounts | Accounts with accounts type group | |
| 2025-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-15 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-04 | AA | accounts | Accounts with accounts type group | |
| 2024-05-29 | MA | incorporation | Memorandum articles | |
| 2024-05-29 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-06-14 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-10 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- Officers appointed
- 0
- Officers resigned
- 1
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.