BRITISH GAS TRADING LIMITED
- · Thesis: well-run, low negotiation leverage
- 35220SIC 35220
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 29.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 29.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)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
Corporate timeline (142 events)Click to expand
- 2025-10-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-01➕BOOKER, Gary James Charles appointeddirector
- 2025-10-01➕WOOD, Matthew Christopher appointeddirector
- 2025-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-26➖O'KELLY, Catherine Anne Newton resigneddirector
- 2024-10-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-27📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-04➖MCKENNA, Gregory Craig resigneddirector
- 2024-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2023-10-09📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-01-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-23➕KENNEDY, Andrew James appointeddirector
- 2022-11-04➖MCLEOD, Charles Lee resigneddirector
- 2022-11-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2022-02-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-18➖BATEMAN, Matthew James resigneddirector
- 2021-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-17➖MARTIN-SIMON, Peter Michael resigneddirector
- 2021-09-17➕O'KELLY, Catherine Anne Newton appointeddirector
- 2021-09-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-09-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-30➕MCLEOD, Charles Lee appointeddirector
- 2021-06-30➖MUSSENDEN, Sarah Elizabeth resigneddirector
- 2021-03-08➕MCKENNA, Gregory Craig appointeddirector
- 2021-03-08➖PIKUNIC, Jorge Pablo resigneddirector
- 2020-08-31➖BARBARO, Gab Saturnio resigneddirector
- 2020-08-31➖KIRWAN, Michael David resigneddirector
- 2020-08-28➕BATEMAN, Matthew James appointeddirector
- 2020-07-24➕MARTIN-SIMON, Peter Michael appointeddirector
- 2020-07-24➕PIKUNIC, Jorge Pablo appointeddirector
- 2020-06-11➖SAMBHI, Sarwjit resigneddirector
- 2020-06-10➖TAVAZIVA, Anne Leigh resigneddirector
- 2019-07-05➖RONALD, Ivan Edward resigneddirector
- 2019-07-01➖MILES, Claire resigneddirector
- 2019-07-01➕MUSSENDEN, Sarah Elizabeth appointeddirector
- 2019-07-01➕TAVAZIVA, Anne Leigh appointeddirector
- 2019-04-01➕KIRWAN, Michael David appointeddirector
- 2019-02-28➖HODGES, Mark Steven resigneddirector
- 2018-01-24➖BUCK, Steven John resigneddirector
- 2018-01-24➕RONALD, Ivan Edward appointeddirector
- 2017-08-16🔓Charge satisfied #3
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
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
Gb Gas Holdings 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 |
|---|---|---|---|---|
Gb Gas Holdings 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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6 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 (5 active · 54 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Nasdaq Omx Stockholm Ab | Collateral security deed | 1 property | 05/10/2011 | — | |
| satisfied | Centrica Pension Trustees as Security Trustee Centrica Pension Trustees Limited as Security Trustee | Intercreditor agreement | 1 property | 31/03/2009 | 16/08/2017 | |
| satisfied | Centrica Pension Trustees as Security Trustee Centrica Pension Trustees Limited as Security Trustee | Intra-group receivables charge | 1 property | 31/03/2009 | 16/08/2017 | |
| satisfied | Bg Bg PLC | Deed of covenant and indemnity | 1 property | 17/02/1997 | 22/03/2008 |