PLATINUM DISCOVERY LIMITED Financials
- Company number
- SC593948CopyCopy
- Registered office
- 5 South Charlotte Street, Edinburgh EH2 4AN
- Incorporated
- 10/04/2018
Company snapshot
- Status
- Active
- Employees
- 6 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
7.72%vs 20222022: £-689.40K
Total Assets
80.14%vs 20222022: £157.90K
Cash in Bank
-67.16%vs 20222022: £93.41K
Total Liabilities
8.92%vs 20222022: £844.85K
Employees
-1vs 20222022: 7
In 2023, PLATINUM DISCOVERY LIMITED reported net assets of £-636.20K. The same filing shows total assets of £284.44K, cash in bank of £30.68K and total liabilities of £920.22K. Reported headcount was 6 in 2023. Total Assets rose from £157.90K in 2022 to £284.44K in 2023 (80.14%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
7.72%from £-689.40K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures PLATINUM DISCOVERY LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
Increasedvs 2021Cash in Bank
-89.8%vs 2021-68.1% a year compound (CAGR)
Total Assets
-20.5%vs 2021-10.8% a year compound (CAGR)
Total Liabilities
-24.9%vs 2021-13.3% a year compound (CAGR)
Employees
-40%vs 2021-4Biggest decrease
Cash in Bank-89.8%
£301.99K in 2021 to £30.68K in 2023
PLATINUM DISCOVERY LIMITED's filings pull in both directions between 2021 and 2023. The steepest fall came in cash in bank, pointing to a tighter cash position, with total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PLATINUM DISCOVERY LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- -223.67%2023
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 323.53%2023
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 3.33%2023
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 10.79%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for PLATINUM DISCOVERY LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | -873.52K | -689.40K | -636.20K |
| Total Assets£ | 357.73K | 157.90K | 284.44K |
| Cash in Bank£ | 301.99K | 93.41K | 30.68K |
| Total Liabilities£ | 1.22M | 844.85K | 920.22K |
| Employees | 10 | 7 | 6 |
PLATINUM DISCOVERY LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PLATINUM DISCOVERY LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
PLATINUM DISCOVERY LIMITED reported net assets of £-636.20K for 2023. That compares with £-689.40K in 2022, a change of 7.72%.
PLATINUM DISCOVERY LIMITED reported total assets of £284.44K for 2023. That compares with £157.90K in 2022, a change of 80.14%.
PLATINUM DISCOVERY LIMITED reported cash in bank of £30.68K for 2023. That compares with £93.41K in 2022, a change of -67.16%.
PLATINUM DISCOVERY LIMITED reported 6 employees in 2023, compared with 7 in 2022.
Between 2021 and 2023, PLATINUM DISCOVERY LIMITED's cash in bank fell by 89.8%, total assets fell by 20.5%, total liabilities fell by 24.9% and employee numbers fell by 40%. Cash in bank contracted at 68.1% a year across the two years to 2023, from £301.99K to £30.68K. Reported headcount went from 10 in 2021 to 6 in 2023 (-4).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.