ECONOMY GAS LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
9 live charges · 7 lenders · oldest 27.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.7 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (66 events)Click to expand
- 2026-02-03📄accounts-with-accounts-type-smallaccounts · AA
- 2025-09-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-01➕BRIGHT, John Benjamin appointeddirector
- 2025-04-28📄accounts-with-accounts-type-smallaccounts · AA
- 2025-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-07🔒Charge registered #9Lender: Ares Management Limited
- 2024-07-08📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-07-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-07-05➕GROVES, Emma Louise appointedsecretary
- 2024-07-04➖HILL, Gillian Elizabeth resignedsecretary
- 2024-05-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-14➖DOHERTY, Paul Nicholas resigneddirector
- 2024-02-07📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-smallaccounts · AA
- 2023-07-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-13🔒Charge registered #8Lender: Ares Management Limited Acting as Security Agent and Trustee for the Beneficiaries
- 2022-01-27📄accounts-with-accounts-type-smallaccounts · AA
- 2021-05-11📄accounts-with-accounts-type-smallaccounts · AA
- 2021-02-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-01-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-01-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-01-30🔓Charge satisfied #6
- 2021-01-30🔓Charge satisfied #5
- 2021-01-29🔒Charge registered #7Lender: Ares Management Limited Acting as Security Agent and Trustee for the Beneficiaries
- 2021-01-04📄memorandum-articlesincorporation · MA
- 2021-01-04📄resolutionresolution · RESOLUTIONS
- 2020-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-11-06📄change-person-director-company-with-change-dateofficers · CH01
- 2020-10-31➕HULL, Lee Robert appointeddirector
- 2020-10-31➖EARLE, Christopher James resigneddirector
- 2016-03-10🔒Charge registered #6Lender: Ares Management Limited (As Security Agent for the Beneficiaries)
- 2015-12-03➕HILL, Gillian Elizabeth appointedsecretary
- 2015-12-03➖SHAW, Emma Louise resignedsecretary
- 2015-10-27🔓Charge satisfied #4
- 2015-10-15🔒Charge registered #5Lender: Ares Management Limited (As Security Agent)
- 2013-04-17🔒Charge registered #4Lender: Cortland Capital Market Services Llc
- 2013-04-17🔓Charge satisfied #3
- 2013-04-17🔓Charge satisfied #2
- 2013-02-22➕SHAW, Emma Louise appointedsecretary
- 2012-08-07🔓Charge satisfied #1
- 2012-08-03➖LAWTON, Lisa Michelle resignedsecretary
- 2012-08-03➖CRAIG, Ernest Randolph resigneddirector
- 2012-08-03➕DOHERTY, Paul Nicholas appointeddirector
- 2012-08-03➕EARLE, Christopher James appointeddirector
- 2012-08-03➖EARLE, Christopher James resigneddirector
- 2012-08-03➕EARLE, Christopher James appointeddirector
- 2012-08-03➖LAWTON, Lisa Michelle resigneddirector
- 2012-08-03➖LAWTON, Ronald Patrick resigneddirector
- 2006-08-10🔒Charge registered #3Lender: Barclays Bank PLC
- 1998-12-23🔒Charge registered #2Lender: Barclays Bank PLC
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Verastar Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Verastar Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (3 active · 14 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ares Management Ares Management Limited | A registered charge | — | 07/02/2025 | — | |
| outstanding | Ares Management Acting as Security Agent and Trustee for the Beneficiaries Ares Management Limited Acting as Security Agent and Trustee for the Beneficiaries | A registered charge | 1 property | 13/07/2023 | — | |
| outstanding | Ares Management Acting as Security Agent and Trustee for the Beneficiaries Ares Management Limited Acting as Security Agent and Trustee for the Beneficiaries | A registered charge | 1 property | 29/01/2021 | — | |
| satisfied | Ares Management (As Security Agent for the Beneficiaries) Ares Management Limited (As Security Agent for the Beneficiaries) | A registered charge | — | 10/03/2016 | 30/01/2021 | |
| satisfied | Ares Management (As Security Agent) Ares Management Limited (As Security Agent) | A registered charge | — | 15/10/2015 | 30/01/2021 | |
| satisfied | Cortland Capital Market Services Cortland Capital Market Services Llc | A registered charge | 1 property | 17/04/2013 | 27/10/2015 | |
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 10/08/2006 | 17/04/2013 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 23/12/1998 | 17/04/2013 | |
| satisfied | Bg Bg PLC | Deposit agreement | 1 property | 29/09/1998 | 07/08/2012 |