SGZ Cononish Limited
Registered name: SGZ CONONISH LIMITED
Part of Acrux Gold Investco Limited groupSGZ Cononish Limited made £3.9m revenue and a £5.3m loss in the year to 30 Jun 2024. read from filing text
SGZ Cononish Limited’s revenue fell 54% to £3.9m in the year to 30 Jun 2024, with a loss of £5.3m and 36 employees. The company is classified under “mining of other non-ferrous metal ores” and is based in Aberdeen; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Aberdeen, Scotland
- Age
- 9 yrs · since 2017
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “On 12 January 2024, Bridge Barn Limited replaced Scotgold Resources Limited as the parent company of the company.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Jun 2022 | 30 Jun 2023 | 30 Jun 2024 |
|---|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | |||
| Revenue (turnover) | £9.7m | £8.6m | £3.9m |
| Cost of sales | £12.6m | £24.4m | £7.6m |
| Gross profit | −£3m | −£15.8m | −£3.7m |
| Operating profit | −£3m | −£15.8m | −£3.7m |
| Profit before tax | −£4.4m | −£17.5m | −£5.4m |
| Profit after tax | −£4.4m | −£17.3m | −£5.3m |
| Profit (best available) | −£4.4m | −£17.3m | −£5.3m |
| Employees (average) | 76 | 96 | 36 |
| Ratios | |||
| Profit margin | −45.3% | −202.4% | −136.2% |
| Gross margin | −30.9% | −184.7% | −93.6% |
| Revenue per employee | £127k | £89.3k | £109k |
| Profit per employee | −£57.5k | −£181k | −£148k |
| Growth (year on year) | |||
| Revenue growth | — | ▼11.3% | ▼54.3% |
| Headcount growth | — | ▲26.3% | ▼62.5% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | — | £590k | £115k |
| Net assets | −£10.9m | −£28.3m | −£33.1m |
| Fixed assets | £28.6m | £21.2m | £18.7m |
| Current assets | £4.4m | £2.7m | £1.2m |
| Debtors | £2.3m | £213k | £0 |
| Deferred income | £375k | £471k | £937k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −136.2%
- Profit ÷ revenue.
- Gross margin
- −93.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £109k
- Revenue ÷ average employees.
- Profit per employee
- −£148k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 476.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 23.9%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£33.1m
- Cash at bank
- ▼81%
- Now £115k
- Headcount
- ▼63%
- Now 36
- Deferred income
- ▲99%
- Now £937k
- Fixed assets
- ▼12%
- Now £18.7m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Acrux Gold Investco Limitedultimate parent75–100%
- Acrux Gold Limited75–100%
- SGZ Cononish Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Scots Gold LimitedFigures not disclosed
- SGZ Grampian LimitedRev. — · Profit −£505k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Jun 2024 (profit −£5.3m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.