Persus Limited

Persus Limited, based in London, UK, is a small, active company established twenty-one years ago. Employing twenty-seven people and holding assets totaling £784,605, it operates from a real address and is overseen by three directors and two owners. The company is a regular importer of electrical machinery and equipment, with nineteen months of import activity recorded, and has dabbled in exporting the same, though only for one month in 01 June 2021.

The company's website reveals a more extensive operation than initially apparent. Perseus Mining is an African-focused gold producer, developer, and explorer. It currently operates three gold mines in Africa – Edikan in Ghana, and Sissingu and Yaour in Cte d'Ivoire – and owns the Nyanzaga Gold Project in Tanzania and the Meyas Sand Gold Project in Sudan. The website details a history of acquisitions and development, highlighting a focus on sustainable development and responsible mining practices. It also features a detailed leadership team and a commitment to shareholder value, with a focus on exploration success and judicious acquisitions.

Financially, Perseus Limited’s recent performance presents a mixed picture. Current assets have decreased by a substantial 35%, falling to £780,000. Net assets have plummeted 1300%, resulting in a negative value of -£330,000. Bank borrowings have increased significantly by 180%, reaching £69,000, while cash reserves have fallen by 67%, settling at £74,000. Creditors have decreased by 14%, suggesting some improvement in debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the dramatic equity decline warrants closer examination. With no auditor mentioned, the financial statements are unaudited.

The company’s shift towards gold mining, while seemingly unrelated to its initial import activities, indicates a strategic move towards a higher-value sector. The website's emphasis on sustainable practices and shareholder returns suggests a long-term vision, though the recent financial pressures highlight the challenges of operating in the resource sector.

Registered in England/Wales under the registration number 04959920, with a registered address at SE1 0QR, England, London, Unit G04, Blackfriars Foundry Annexe, 65 Glasshill Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.