HELIX EXPLORATION PLC
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Cash
£2.7M
-44.9% vs 2024
Net assets
£16M
+82.4% vs 2024
Employees
4
0% vs 2024
Profit before tax
-£1.9M
+13.9% vs 2024
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | -£2,165,000 | -£1,857,000 | +14.2% | |
| Profit before tax | -£2,165,000 | -£1,864,000 | +13.9% | |
| Net profit | -£2,165,000 | -£1,864,000 | +13.9% | |
| Cash | £4,960,000 | £2,734,000 | -44.9% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £8,685,000 | £15,839,000 | +82.4% | |
| Equity | £8,685,000 | £15,839,000 | +82.4% | |
| Average employees | 4 | 4 | 0% | |
| Wages | — | — | — | |
| Directors' remuneration | £275,000 | £515,000 | +87.3% |
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 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 5.1% | 5.6% | |
| Current ratio | 10.89x | 5.14x |
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
- Kreston Reeves Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After taking all the factors mentioned above into consideration the Directors are confident that the financial statements be prepared on a going concern basis supporting the fact that the Group has adequate resources to continue as a going concern for at least twelve months from the approval of these financial statements.”
Group structure
- HELIX EXPLORATION PLC · parent
- Hereford Resources, LLC 100%
Significant events
- “Helix achieved a major milestone with the commencement of production at Rudyard, post-period end.”
- “The Group raised £4.5 million in June 2025 through an institutional fundraise.”
- “On 26 January 2026, 250,000 warrants were exercised resulting in the issue of 250,000 new ordinary shares.”
- “On 3 March 2026, Helix completed an equity fundraise raising gross proceeds of £2.2 million.”
- “On 17 March 2026, 75,000 warrants were exercised resulting in the issue of 75,000 new ordinary shares.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ORANA CORPORATE LLP | Corporate Secretary | 2023-09-23 | — | — |
| NEATES, Ryan Paul | Director | 2024-04-03 | Jun 1991 | Australian |
| PETERS, Gregg W | Director | 2024-04-09 | Jan 1964 | American |
| SEARS JR, Wheeler Moore | Director | 2024-04-09 | Mar 1970 | American |
| SPICKELMIER, Keith Dean | Director | 2024-04-09 | Aug 1961 | American |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOLETTA, Christian Dario | Director | 2023-09-23 | 2024-04-03 |
| MINCHIN, David James | Director | 2023-09-23 | 2025-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr David James Minchin | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2023-09-23 | Ceased 2023-12-14 |
Filing timeline
Last 20 of 37 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-04-14 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-04-09 | AA | accounts | Accounts with accounts type group | |
| 2026-03-23 | SH01 | capital | Capital allotment shares | |
| 2026-03-10 | SH01 | capital | Capital allotment shares | |
| 2026-02-05 | SH01 | capital | Capital allotment shares | |
| 2025-10-15 | AUD | auditors | Auditors resignation company | |
| 2025-08-06 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-17 | SH01 | capital | Capital allotment shares | |
| 2025-06-10 | SH01 | capital | Capital allotment shares | |
| 2025-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | RESOLUTIONS | resolution | Resolution | |
| 2025-02-27 | AA | accounts | Accounts with accounts type group | |
| 2025-02-07 | SH01 | capital | Capital allotment shares | |
| 2025-02-07 | SH01 | capital | Capital allotment shares | |
| 2025-02-05 | RP04SH01 | capital | Second filing capital allotment shares | |
| 2024-08-14 | SH01 | capital | Capital allotment shares | |
| 2024-07-03 | SH01 | capital | Capital allotment shares | |
| 2024-05-07 | CH01 | officers | Change person director company with change date | |
| 2024-05-07 | CH01 | officers | Change person director company with change date | |
| 2024-04-10 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 10
- 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.