DRAKELANDS RESTORATION LIMITED
Operating as a subsidiary of Tungsten West plc, the company owns the business assets and mining rights for the Hemerdon mine in Devon and is responsible for its mining and metal production.
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Cash
£4K
-98.5% vs 2024
Net assets
-£28M
-88.9% vs 2024
Employees
27
-40% vs 2024
Profit before tax
-£13M
-177.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
If these fund raises do not occur in 2025 the Group will have insufficient cash to meet its liabilities as they fall due. These conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's and company's ability to continue as a going concern.
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £736,460 | £6,235 | -99.2% | |
| Operating profit | -£4,501,293 | -£13,357,258 | -196.7% | |
| Profit before tax | -£4,773,108 | -£13,246,191 | -177.5% | |
| Net profit | -£4,578,705 | -£13,246,191 | -189.3% | |
| Cash | £270,617 | £3,989 | -98.5% | |
| Total assets less current liabilities | -£7,963,327 | -£22,273,560 | -179.7% | |
| Net assets | -£14,904,506 | -£28,150,697 | -88.9% | |
| Equity | -£14,904,506 | — | — | |
| Average employees | 45 | 27 | -40% | |
| Wages | £2,590,119 | £1,962,586 | -24.2% | |
| Directors' remuneration | £377,715 | £397,971 | +5.4% |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 144.4% | 208.8% | |
| Current ratio | 0.07x | 0.06x | |
| Interest cover | -9.74x | -28.76x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“If these fund raises do not occur in 2025 the Group will have insufficient cash to meet its liabilities as they fall due. These conditions indicate that a material uncertainty exists that may cast significant doubt on the Group's and company's ability to continue as a going concern.”
Significant events
- “On 08 May 2025 the Group announced that conditions precedent of CLN Tranche G Part B were achieved, drawing down £0.9m.”
- “On 02 July 2025, the Group raised £4.3 million by way of Tranche H of the CLN.”
- “On 05 August 2025 the Company announced that it had completed an updated feasibility study.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HARBER, Ben | Secretary | 2020-10-07 | — | — |
| COURT, Jeffery Arnold | Director | 2025-09-22 | Apr 1972 | Australian |
| POVEY, Philip Clifton | Director | 2025-12-22 | Jun 1978 | British |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ESAH, Adam | Secretary | 2019-11-29 | 2021-03-02 |
| CROSLAND, Ian Maxwell | Director | 2019-03-01 | 2019-11-29 |
| DENNING, Maximillian Campbell | Director | 2019-11-29 | 2022-08-02 |
| GAWTHORPE, Neil | Director | 2023-05-23 | 2024-07-03 |
| LYNDON, Marica Ann | Director | 2025-09-22 | 2026-04-01 |
| STOBIE, Alistair Milburn Macdonald | Director | 2024-06-26 | 2025-09-22 |
| THOMPSON, Mark Edward | Director | 2019-11-29 | 2023-05-16 |
| WIDDOWSON, Anthony Nigel | Director | 2021-10-04 | 2023-08-16 |
| HARGREAVES CORPORATE DIRECTOR LIMITED | Corporate Director | 2019-07-31 | 2019-11-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Tungsten West Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-11-29 | Active |
| Hargreaves Services Plc | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-01 | Ceased 2019-11-29 |
Filing timeline
Last 20 of 61 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-12 | MR05 | mortgage | Mortgage charge whole release with charge number | |
| 2026-01-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-01 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-24 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-05-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-03 | AA | accounts | Accounts with accounts type full | |
| 2025-01-21 | MR05 | mortgage | Mortgage charge part release with charge number | |
| 2024-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type full | |
| 2023-09-12 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 2
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.