FERRO NICKEL MARKETING LIMITEDActive
Key figures
FERRO NICKEL MARKETING LIMITED does not disclose its turnover in its latest accounts; the profit for the year is as stated in the accounts.
Ratios
2022Balance sheet structure
Dividends
from the accountsDividends paid in the financial year: £102,640.
Filed accounts2020–2022
| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Profit for the year | -1,611,087 | -52,601,856 | 43 |
| Cash at bank and in hand | 7,905,555 | 102,598 | 0 |
| Total assets | 59,705,555 | 102,598 | 1 |
| Total liabilities | 148,205 | 0 | — |
| Net assets / total equity | 59,557,350 | 102,598 | 1 |
| Average number of employees | 0 | 0 | 0 |
| Dividends paid | — | 6,852,896 | 102,640 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2022The Company is a wholly-owned indirect subsidiary of Anglo American plc, a company incorporated in England and Wales. The Company's principal activity has been the trading and marketing of nickel purchased from Minera Loma de Niquel ("MLdN"), a fellow subsidiary of Anglo American plc incorporated in the Bolivarian Republic of Venezuela ("Venezuela"). The Company previously earnd a 2% target margin on sale of goods purchased from MLdN. On 10 November 2012, the term of certain remaining concessions of MLdN expired and the mining and processing activities of that entity ceased permanently and as a result the Company's nickel marketing activities are currently suspended. The directors have the current intention to liquidate the Company in the next year. The Company previously entered into the following export in-kind arrangement with MLdN. Payment in-kind arrangement Under this agreement, the Company agreed to procure certain supplies, equipment and/or services on behalf of MLdN with a 2.5% commission earned on the cost of items procured. Additionally, the agreement allowed for payments to be made to third party suppliers for goods and services it had acquired. Repayments were made by MLdN with nickel shipments which the Company then sold to third parties at the 2% target margin. No activities took place under this arrangement in the current or prior year. Loan in-kind arrangement The Company has entered into two revolving facility agreement with MLdN - a US dollar facility for p
As described in the company's latest filed accounts.
Summary: FERRO NICKEL MARKETING LIMITED
Company
FERRO NICKEL MARKETING LIMITED is a private limited company registered with Companies House under company number 04834745. It was incorporated on 16 Jul 2003. Its status is active. The registered office is in London (EC1N). Its nature of business (SIC 2007) is other business support service activities n.e.c. (82990).
Accounts
The latest accounts in the database are for 2022 (period ending 31 Dec 2022); the company files dormant company accounts. Profit for the year was £43. Net assets were £1, down 100% on the previous year. Cash at bank and in hand was £0. The company had an average of 0 employees. Figures are available for 3 financial years (2020–2022).
Control and charges
One person with significant control is registered.
Filing deadlines
The next accounts are due by 30 Sep 2027. The next confirmation statement is due by 8 Aug 2027.