Richmond Hill Resources plc
Richmond Hill Resources Plc (formerly Rogue Baron Plc) was a diversified beverage group in premium spirits/wine/beer distribution during FY2025, but the Board decided to divest all beverage subsidiaries and pivot into natural resources exploration. It acquired the Saint Sophie copper exploration project (145 mineral exploration tiles, ~87km2) in Quebec, Canada via acquisition of Bulawayo CC Ventures Ltd (completed post year-end, 15 October 2025), and subsequently (post year-end) agreed to acquire the Martello Gold Project in Ontario, Canada. At year end the company had no continuing trading operations and reported as a holding company.
FY2025 in sixty seconds
year to 30 Sept 2025 · approved 20 Mar 2026 · 55 pages · Companies House
Richmond Hill Resources Plc spent the year to 30 September 2025 leaving the drinks business and moving into exploring for metals in Canada. It had no revenue in either year. Its loss after tax narrowed to $1.3m from $4.3m the year before.
The larger loss the year before included writing off the value of its drinks brands after it decided to quit that market. The report also lists $542,000 of one-off costs linked to its new stock market listing. It ended the year with no trading business.
Cash at the year end fell to $59k from $418k, against borrowings of $206k. Shareholders put in $633k for new shares; no dividend is mentioned. After the year end it raised about $1,972,000 and bought a copper project in Quebec and a gold project in Ontario. Management plans first drilling at the gold project. It says it can raise more money when needed while avoiding issuing too many new shares. The auditor raised no doubt about the company's ability to keep going. The report flags risks from metal prices, Canadian permits and funding.
Richmond Hill plans to progress its two Canadian projects with the Martello project in particular expected to be undertaking a maiden drill campaign in the coming months; the Company remains focused on unlocking long-term shareholder value by advancing core assets, securing non-dilutive funding, and actively managing its portfolio in line with market cycles.
page 413 Oct 2025: Share Reorganisation effective (sub-division into Ordinary and Deferred Shares); admission to AIM effective 15 October 2025 with withdrawal from AQSE; Bulawayo CC Ventures acquisition completed.
page 5Directors prepared cash flow forecasts to 31 March 2027 (per accounting policies) / 31 March 2027 referenced in Directors' Report as to 31 March 2027 (strategic report states cash forecasts to 31 March 2027 in going concern note on p.27, and Report of Directors references forecasts to 31 March 2027 at p.7 — actually printed as 'period ending 31 March 2027' in Directors' Report and accounting policy). The Group raised approximately $1,972,000 (£1,476,000) in October 2025 and $882,000 (£639,000) in January & February 2026. Directors concluded the going concern basis is appropriate given the discretionary nature of much of the cost base and demonstrated ability to raise equity. Auditor PKF Littlejohn LLP issued an unqualified (true and fair) opinion with no material uncertainty on going concern; key audit matter was discontinued operations and assets classified as held for sale (IFRS 5 judgement) relating to the beverage disposals.
page 72 years on one page · FY2024–FY2025
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USD millions, negatives in brackets. Per-share lines in cents. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.
Nothing restated
Nothing to compare yet: that takes a second report, which prints the first year's figures again.