Company Overview
Scotia Exploration Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 04 February 2011, so this is a well established company. Scotia Exploration Ltd has been in business for 15 years and 1 month. The accounts status is unaudited abridged and the accounts are next due on Saturday 30 November 2024.
Registered Address

272 Bath Street, Glasgow, G2 4JR
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Companies House Data
Company NameSCOTIA EXPLORATION LTD
Company NumberSC392935
Registered Office Address272 Bath Street
 G2 4JR
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date04/02/2011
Accounting Reference Date Day29
Accounting Reference Date Month2
Accounts Next Due Date30/11/2024
Accounts Last Made Up Date28/02/2023
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date19/05/2017
Returns Last Made Up Date21/04/2016
Previous Company NameChanged Date
PRECIOUS METALS MINING LTD04 Aug 2014
Directors & Members
Show Resigned
Simon Reid - Director
(Australian, 45 years old, born September 1981)
Appointed 09 May 2020
 Active
Secretaries
Show Resigned
Simon Reid - Secretary
Appointed 22 April 2021
 Active
Other Company Directorships
Simon Reid
HORIZON MINING GROUP LIMITED
MATCHBOX OF MAYFAIR LTD
MINECOIN GROUP LTD
MINECOIN HOLDINGS LTD
MINECOIN INTERNATIONAL LTD
Balance Sheet Unlock full report
Accounts Date 28-Feb-2023 28-Feb-2022 28-Feb-2021
Balance Sheet
Fixed Assets 17,218,235 17,218,235 17,218,235
Current Assets 1,624,291 1,624,291 1,000,010
Creditors Due Within One Year 0 0 0
Working Cap 1,624,291 1,624,291 1,000,010
Total Assets Less Current Liabilities 18,842,526 18,842,526 18,218,245
Long-term Liabilities 10,624,281 10,624,281 10,000,000
Net Assets 8,218,245 8,218,245 8,218,245
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 8,218,245 8,218,245 8,218,245
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2023 28-Feb-2022 28-Feb-2021
Tangible Fixed Assets - - -
Fixed Assets 91.4% 91.4% 94.5%
Stocks Inventory - - -
Debtors 1.5% 1.5% 0.0%
Cash Bank In Hand 7.1% 7.1% 5.5%
Current Assets 8.6% 8.6% 5.5%
Creditors Due Within One Year 0.0% 0.0% 0.0%
Net Current Assets Liabilities 8.6% 8.6% 5.5%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 43.6% 43.6% 45.1%
Capital Employed - - -
Total Assets Less Current Liabilities 100.0% 100.0% 100.0%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2023 28-Feb-2022 28-Feb-2021
Liquidity Ratio 1624291.0 1624291.0 1000010.0
Solvency Ratio 1.8 1.8 1.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2023 28-Feb-2022 28-Feb-2021
Assets 18,842,526 18,842,526 18,218,245
Debt 10,624,281 10,624,281 10,000,000
Net Assets/Debt 8,218,245 8,218,245 8,218,245

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Final Gazette dissolved via compulsory strike-off
First Gazette notice for compulsory strike-off
Compulsory strike-off action has been discontinued
Confirmation statement made on 21 April 2024 with no updates
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Termination of appointment of James Hamilton Stewart Pearson as a director on 11 December 2023
Cessation of James Hamilton Stewart Pearson as a person with significant control on 11 December 2023
Confirmation statement made on 21 April 2023 with no updates
Confirmation statement made on 21 April 2022 with no updates
Registered office address changed from , 18 London Road, Glasgow, G1 5NB, United Kingdom to 272 Bath Street Glasgow G2 4JR on 24 October 2021
Notification of James Hamilton Stewart Pearson as a person with significant control on 22 May 2020
Confirmation statement made on 21 April 2021 with no updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Cessation of Paul Thomas Dougan as a person with significant control on 22 April 2021
Appointment of Mr Simon Ashley Reid as a secretary on 22 April 2021
Termination of appointment of Paul Thomas Dougan as a director on 22 April 2021
Termination of appointment of Paul Thomas Dougan as a secretary on 22 April 2021
Appointment of Mr Simon Ashley Reid as a director on 9 May 2020
Appointment of Mr James Hamilton Stewart Pearson as a director on 9 May 2020
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