DISCOVER EXPLORATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-01 (in 6mo)
Last made up 2025-10-18
Watchouts
None on the register
Cash
£6M
USD 7,799,000
+76.2% vs 2023
Net assets
£181M
USD 242,621,000
+43.5% vs 2023
Employees
6
0% vs 2023
Profit before tax
-£2M
USD -2,762,000
-0.8% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£2,049,039 | -£2,064,738 | |
| Profit before tax | -£2,049,039 | -£2,064,738 | |
| Net profit | -£2,046,049 | -£2,064,738 | |
| Cash | £3,309,412 | £5,830,156 | |
| Total assets less current liabilities | £126,415,489 | £192,836,211 | |
| Net assets | £126,415,489 | £181,371,757 | |
| Equity | £126,415,489 | £181,371,757 | |
| Average employees | 6 | 6 | |
| Wages | £38,873 | £23,922 | |
| Directors' remuneration | £265,381 | £248,935 |
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
+76.2%
£3,309,412 £5,830,156
-
Net assets
+43.5%
£126,415,489 £181,371,757
-
Employees
0%
6 6
-
Operating profit
-0.8%
-£2,049,039 -£2,064,738
-
Profit before tax
-0.8%
-£2,049,039 -£2,064,738
-
Wages
-38.5%
£38,873 £23,922
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 | -1.6% | -1.1% | |
| Gearing (liabilities / total assets) | 4.5% | 9.8% | |
| Current ratio | 0.68x | 1.02x |
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 1 time since incorporation
- DISCOVER EXPLORATION LIMITED 2013-11-07 → present
- DISCOVER EXPLORATION PLC 2012-10-18 → 2013-11-07
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte Ireland LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- DISCOVER EXPLORATION LIMITED · parent
- Discover Exploration (UK) Limited 100%
- Discover Exploration B.V. 100%
- Hansa Hydrocarbons Limited 100%
- Discover Exploration Comoros B.V. 100%
- Bahari Resources Limited 100%
- Discover Exploration Gabon B.V. 100%
- Discover Exploration Canterbury 2 NZ BV 100%
- Discover Exploration Comoros BRL B.V. 100%
- Discover Exploration Canterbury NZ B.V. 100%
Significant events
- “On 12 February 2025 Discover raised US$7,406,200 by issuing 1,481,240 ordinary B shares ('The February 2025 rights issue'). On 28 March 2025, Discover raised US$193,800 by issuing 38,760 ordinary B shares as part of the excess round of the February 2025 rights issue.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WHELAN, Robert | Secretary | 2012-10-18 | — | — |
| BERGER, Alexander Ferdinand Diederik | Director | 2012-11-21 | Mar 1966 | Dutch |
| BLAHA, Frantisek Michael Josef | Director | 2012-10-18 | Aug 1954 | Dutch |
| MITCHELL, Heather Ann | Director | 2020-09-09 | Oct 1971 | British |
| NOLAN, Michael Henry | Director | 2012-10-18 | Feb 1962 | Irish |
| ULRICH, Jacob Shields | Director | 2021-03-30 | Feb 1953 | British |
| VAN POECKE, Martialis Quirinus Henricus | Director | 2012-11-21 | Feb 1960 | Dutch |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| COBURN, Brooke Bowen | Director | 2017-12-06 | 2020-09-09 |
| CRAVEN, John Edward | Director | 2012-10-18 | 2022-11-24 |
| MARINO, Andrew | Director | 2013-12-13 | 2017-12-06 |
| SPINK, Patrick Clive | Director | 2012-11-21 | 2026-02-06 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 111 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-11 MA Memorandum articles
- 2025-07-07 RESOLUTIONS Resolution
- 2025-02-26 RESOLUTIONS Resolution
- 2024-12-09 RESOLUTIONS Resolution
- 2024-01-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-29 | AA | accounts | Accounts with accounts type group | |
| 2025-07-11 | MA | incorporation | Memorandum articles | |
| 2025-07-07 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-07-07 | SH20 | capital | Legacy | |
| 2025-07-07 | CAP-SS | insolvency | Legacy | |
| 2025-07-07 | RESOLUTIONS | resolution | Resolution | |
| 2025-04-04 | SH01 | capital | Capital allotment shares | |
| 2025-04-04 | SH01 | capital | Capital allotment shares | |
| 2025-02-26 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-21 | SH01 | capital | Capital allotment shares | |
| 2024-12-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-10-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-17 | SH01 | capital | Capital allotment shares | |
| 2024-09-10 | AA | accounts | Accounts with accounts type group | |
| 2024-07-11 | SH01 | capital | Capital allotment shares | |
| 2024-03-27 | SH01 | capital | Capital allotment shares | |
| 2024-01-19 | RESOLUTIONS | resolution | Resolution | |
| 2024-01-03 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 7
- 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.