GASREC LTD

🌳Matureactive

04841866 · ltd · incorporated 2003-07-23

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 35210

Sector: Electricity, gas & energy

Investor take

Pursue

Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

15 live charges · 12 lenders · oldest 19.7y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 19.7 years old — likely at or near maturity.
· 12 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: medium (57/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

15 charges (15/15 with lender, 15/15 with type)

Directors & officers

23 officers (7 active, 23 linked, 18 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

223 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filings

• 2 officers
• 1 accounts

Last 180 days

filings

• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (91 events)Click to expand

2026-07-25
📄
accounts-with-accounts-type-full
accounts · AA
2026-07-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-07-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-06-25
➕
BEADLE, Paul Michael appointed
director
2026-06-25
➖
HARE, Scott William resigned
director
2025-10-27
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-29
📄
memorandum-articles
incorporation · MA
2025-07-29
📄
resolution
resolution · RESOLUTIONS
2025-07-25
📄
capital-allotment-shares
capital · SH01
2025-07-23
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-07-23
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-07-21
📄
accounts-with-accounts-type-full
accounts · AA
2025-07-18
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-18
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-05-27
➕
RICHARDSON, Helen Elizabeth appointed
secretary
2025-05-27
➖
HARBER, Ben resigned
secretary
2024-07-04
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-11
🔓
Charge satisfied #14
2024-03-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-15
🔓
Charge satisfied #12
2024-02-12
📄
resolution
resolution · RESOLUTIONS
2024-02-12
📄
memorandum-articles
incorporation · MA
2023-10-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-03
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-03
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-03
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-01
➕
MANSON, Christopher John Justin appointed
director
2023-07-12
📄
accounts-with-accounts-type-full
accounts · AA
2023-02-22
🔒
Charge registered #15
Lender: Santander UK PLC
2022-10-04
🔓
Charge satisfied #9
2022-10-04
🔓
Charge satisfied #2
2022-09-22
🔒
Charge registered #14
Lender: Bp Gas Marketing Limited
2022-08-23
🔓
Charge satisfied #13
2022-08-15
🔓
Charge satisfied #11
2022-08-10
🔓
Charge satisfied #10
2022-05-24
➖
LEE, Andrew William resigned
director
2022-01-26
➖
CORNISH, Roger Alan resigned
director
2021-12-01
➕
HARE, Scott William appointed
director
2021-06-08
➖
THORNEYCROFT-SMITH, Christopher Francis resigned
director
2021-06-03
➕
LEE, Andrew William appointed
director
2021-04-16
➖
NASH, Christopher John resigned
director
2016-09-28
➕
CUTLER, Brian James appointed
director
2015-12-31
➖
INGALL, James Peter Henniker resigned
director
2015-08-11
🔒
Charge registered #13
Lender: M.E. Zukerman Gas Fuels L.P.
2015-08-11
🔒
Charge registered #12
Lender: M.E. Zukerman Gas Fuels L.P.
2015-06-22
🔓
Charge satisfied #7
2015-06-22
🔓
Charge satisfied #6
2014-05-23
🔒
Charge registered #11
Lender: Barclays Bank PLC
2014-02-01
➕
THORNEYCROFT-SMITH, Christopher Francis appointed
director

Showing most recent 50 of 91 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 15 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Britannic Strategies Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Britannic Strategies Limited

Corporate parent · holds 25-50% shares

significant stake

⬇

GASREC LTD

This company · 04841866

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Britannic Strategies Limited Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	01/12/2021

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒Advanced scoring suite

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.

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Company details

Statusactive

Typeltd

Incorporated2003-07-23

Jurisdictionengland-wales

Primary SIC35210 — SIC 35210

Registered office

C/O Ampa Holdings Llp Level 19, The Shard

32 London Bridge Street

London

SE1 9SG

United Kingdom

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2026-09-06

Last: 2025-08-23