IVANHOE ATLANTIC UK LIMITED
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Cash
£93K
+18.9% vs 2024
Net assets
-£435K
USD -580,610
+1.2% vs 2024
Employees
9
-10% vs 2024
Profit before tax
£40K
USD 53,753
+128% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Material uncertainty over going concern
Nevertheless any fundraise is a future event that cannot be guaranteed, and therefore represents a material uncertainty that may cast doubt on the Group's ability to continue as a Going Concern and it may be unable to realise its assets and discharge its liabilities in the normal course of business.
-
Going-concern uncertainty disclosed
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Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £2,493,531 | £2,312,525 | -7.3% | |
| Operating profit | £62,044 | £173,707 | +180% | |
| Profit before tax | -£143,552 | £40,240 | +128% | |
| Net profit | -£168,069 | £5,491 | +103.3% | |
| Cash | £77,810 | £92,515 | +18.9% | |
| Total assets less current liabilities | £396,720 | £487,659 | +22.9% | |
| Net assets | -£440,144 | -£434,653 | +1.2% | |
| Equity | -£587,945 | -£580,610 | +1.2% | |
| Average employees | 10 | 9 | -10% | |
| Wages | £1,371,221 | £1,890,545 | +37.9% | |
| Directors' remuneration | £309,552 | £734,076 | +137.1% |
Figures converted to GBP from USD at 0.749 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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating margin | 2.5% | 7.5% | |
| Net margin | -6.7% | 0.2% | |
| Return on capital employed | 15.6% | 35.6% | |
| Gearing (liabilities / total assets) | 165.6% | 173.4% | |
| Current ratio | 4.48x | 5.90x | |
| Interest cover | 0.22x | 0.93x |
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.
Name history
Renamed 2 times since incorporation — the current trading name was adopted 2025-02-21
- IVANHOE ATLANTIC UK LIMITED 2025-02-21 → present
- HPX MINES (UK) LIMITED 2023-07-21 → 2025-02-21
- EURONIMBA UK LIMITED 2012-10-10 → 2023-07-21
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- DJH Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Nevertheless any fundraise is a future event that cannot be guaranteed, and therefore represents a material uncertainty that may cast doubt on the Group's ability to continue as a Going Concern and it may be unable to realise its assets and discharge its liabilities in the normal course of business.”
Group structure
- IVANHOE ATLANTIC UK LIMITED · parent
- Société des Mines de Fer de Guinée
- Ivanhoe Liberia Ltd
Significant events
- “On 22 January 2026, the company received an additional loan of $2,000,000 from their parent company, iPulse Inc.”
- “On 28th January 2026, the company entered into a loan agreement to exchange this loan for an equal principal amount of $6,000,000. The loan agreement additionally states that the company may borrow up to $20,000,000.”
- “The loan bears interest at a rate of 9% per annum, compounded quarterly.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 22 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| INSIGHT NOMINEES | Corporate Secretary | 2014-03-01 | — | — |
| WYNN, James Edward Meynell | Director | 2025-02-19 | Nov 1972 | British |
| YOUNG, Andrew Anthony | Director | 2024-02-13 | Oct 1982 | British |
Show 22 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HANSEN, Thomas Lund | Secretary | 2012-10-10 | 2014-03-01 |
| ANDERSON, William James | Director | 2023-10-23 | 2024-07-08 |
| BARNES, Bronwyn Lesley | Director | 2022-10-30 | 2024-02-10 |
| DAVID, Jean-Francois Leandre Bernard | Director | 2015-07-15 | 2019-09-05 |
| DE SELLIERS DE MORANVILLE, Guy Jacques Marie Ernest, Chevalier | Director | 2019-09-05 | 2022-08-01 |
| DENARDI, Paolo Bruno | Director | 2015-07-15 | 2019-09-05 |
| DOIG, Bradley Barry | Director | 2023-04-25 | 2025-02-19 |
| FAWAZ, Ramzi Riad | Director | 2013-12-03 | 2014-12-01 |
| FINLAYSON, Eric John | Director | 2019-09-05 | 2022-10-30 |
| HOOD, Sheila Christine | Director | 2015-01-19 | 2015-07-15 |
| KAIOUN, Thierry Henri | Director | 2015-05-21 | 2019-09-05 |
| KAIOUN, Thierry | Director | 2012-10-10 | 2013-04-08 |
| KONATE, Kadiatou | Director | 2021-03-18 | 2023-04-25 |
| LANSDOWN, Guy Louis Poole | Director | 2013-04-08 | 2013-12-03 |
| LOCKETT, Christopher James | Director | 2012-10-10 | 2015-05-21 |
| LONGUET DE LA GIRAUDIERE, Kevin | Director | 2013-10-21 | 2019-09-05 |
| MITCHELL, Philip Wesley | Director | 2022-08-01 | 2023-10-23 |
| MITCHELL, Philip Wesley | Director | 2019-09-05 | 2021-03-18 |
| NOGUEIRA, Rogerio | Director | 2012-10-10 | 2013-08-31 |
| REYNOLDS, Graham | Director | 2013-09-24 | 2015-01-19 |
| RHODES, Blake Michael | Director | 2014-12-01 | 2019-09-05 |
| RICHARDS, Mark Andrew | Director | 2012-10-10 | 2015-07-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Euronimba Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2016-04-06 |
Filing timeline
Last 20 of 101 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-02-21 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-29 | AA | accounts | Accounts with accounts type full | |
| 2026-03-02 | CH01 | officers | Change person director company with change date | |
| 2026-03-02 | CH01 | officers | Change person director company with change date | |
| 2025-09-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-02 | AA | accounts | Accounts with accounts type small | |
| 2025-02-21 | CERTNM | change-of-name | Certificate change of name company | |
| 2025-02-20 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-20 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-17 | AA | accounts | Accounts with accounts type small | |
| 2024-07-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-02-15 | CH01 | officers | Change person director company with change date | |
| 2024-02-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-13 | CH01 | officers | Change person director company with change date | |
| 2024-02-13 | CH01 | officers | Change person director company with change date | |
| 2024-02-13 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-26 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-26 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-09-20 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.