EUROMAX RESOURCES UK (SERVICES) LIMITED
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Cash
£489
-86.8% lowest in 6 filed years
Net assets
-£52k
+18.2% vs 2024
Employees
1
0% vs 2024
Profit before tax
£11k
+105.9% highest in 6 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
there is a material uncertainty with respect to the Company's ability to continue as a going concern as described in Note 2 to the financial statements.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
6-year trend · vs Energy median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | £738,917 | £472,265 | £303,569 | £315,041 | £206,183 | £192,972 | -6.4% | |
| Operating profit | -£311,667 | -£143,169 | £46,839 | -£105,969 | -£132,063 | £78,801 | +159.7% | |
| Profit before tax | -£372,601 | -£194,852 | -£5,863 | -£166,811 | -£196,335 | £11,491 | +105.9% | |
| Net profit | -£372,601 | -£194,852 | -£5,863 | -£166,811 | -£196,335 | £11,491 | +105.9% | |
| Cash | £14,947 | £2,662 | £618 | £15,512 | £3,712 | £489 | -86.8% | |
| Total assets less current liabilities | £353,913 | £184,517 | £218,770 | £93,320 | -£63,015 | -£51,524 | +18.2% | |
| Net assets | — | — | — | £93,320 | -£63,015 | -£51,524 | +18.2% | |
| Equity | £353,913 | £184,517 | £218,770 | £93,320 | -£63,015 | -£51,524 | +18.2% | |
| Average employees | 2 | 2 | 0 | 0 | 1 | 1 | 0% | |
| Wages | — | — | — | £122,304 | £122,304 | £122,304 | 0% | |
| Directors' remuneration | — | — | — | £139,484 | £138,656 | £140,445 | +1.3% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | -42.2% | -30.3% | 15.4% | -33.6% | -64.1% | 40.8% | |
| Net margin | -50.4% | -41.3% | -1.9% | -52.9% | -95.2% | 6.0% | |
| Return on capital employed | -88.1% | -77.6% | 21.4% | -113.6% | — | — | |
| Gearing (liabilities / total assets) | — | — | — | 95.1% | 103.6% | 102.8% | |
| Current ratio | — | — | — | 1.05x | 0.97x | 0.97x | |
| Interest cover | -5.11x | -2.77x | 0.89x | -1.74x | -2.05x | 1.17x |
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
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Collards
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“there is a material uncertainty with respect to the Company's ability to continue as a going concern as described in Note 2 to the financial statements.”
Significant events
- “On February 28, 2025 both convertible loans with European Bank for Reconstruction and Development ("EBRD") and with CC Ilovica ("CCI") were extended to February 28, 2027.”
- “On January 7, 2026, Euromax Resources Ltd closed the second tranche of a non-brokered private placement... issuing 73,257,815 common shares”
- “On February 5, 2026, a non-interest-bearing, unsecured promissory note of US$0.804 million was fully repaid”
- “On March 19, 2026, Euromax Resources Ltd closed a third debt settlement agreement to settle portion of the EBRD convertible loan by issuing 25,539,333 Euromax Resources Ltd's common shares to EBRD.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GULEV, Nikola | Secretary | 2022-07-25 | — | — |
| JULL, Philip Gage | Director | 2026-06-29 | Nov 1958 | Canadian |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BILBILOVSKA, Aleksandra | Secretary | 2020-08-31 | 2022-07-25 |
| GOKOOL, Varshan Baboolal | Secretary | 2015-01-30 | 2020-08-31 |
| PAXFORD, Deborah | Secretary | 2012-10-23 | 2015-01-30 |
| FORWARD, Patrick William | Director | 2017-11-30 | 2021-10-01 |
| GOKOOL, Varshan Baboolal | Director | 2012-04-26 | 2020-08-31 |
| MORGAN-WYNNE, Timothy Mark | Director | 2020-08-31 | 2026-06-29 |
| SHARPE, Steven Lawrence | Director | 2012-04-26 | 2017-11-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Euromax Resources Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm) | 2016-07-01 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-06-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-21 | AA | accounts | Accounts with accounts type full | |
| 2025-04-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-22 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-08-22 | AA | accounts | Accounts with accounts type full | |
| 2024-05-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-14 | AA | accounts | Accounts with accounts type full | |
| 2023-05-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-30 | AA | accounts | Accounts with accounts type full | |
| 2022-07-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-07-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-04-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-29 | TM01 | officers | Termination director company with name termination date | |
| 2021-09-29 | AA | accounts | Accounts with accounts type full | |
| 2021-05-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-16 | AA | accounts | Accounts with accounts type full | |
| 2020-09-10 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.