DRAX GCO LIMITED
⚰️Wound downdissolved
05677568 · private-limited-guarant-nsc · incorporated 2006-01-17
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
49/100
Watch
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 49/100 (watch), bankability 42/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 20.4y
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 20.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (61/100)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
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
- 2018-10-05⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2018-10-05🏁Company dissolved
- 2018-07-05⚠️liquidation-voluntary-members-return-of-final-meetinginsolvency · LIQ13
- 2017-12-27⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2017-12-27📄resolutionresolution · RESOLUTIONS
- 2017-12-27⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2017-11-24📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2017-11-24📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2017-11-24📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2017-10-05📄accounts-with-accounts-type-smallaccounts · AA
- 2017-08-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2017-06-30📄change-person-director-company-with-change-dateofficers · CH01
- 2017-05-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-05-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-05-05🔒Charge registered #7Lender: Deutsche Bank Ag, London Branch as Security Agent
- 2017-05-05🔒Charge registered #6Lender: Deborah Keedy
- 2016-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2016-05-03📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2016-05-03📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-04-29➕MCCALLUM, David appointedsecretary
- 2016-04-29➖WHITE, Philip Martin resignedsecretary
- 2016-01-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-01-01➕GARDINER, Dwight Daniel Willard appointeddirector
- 2016-01-01➕KOSS, Andrew Robert appointeddirector
- 2015-12-31➖SCOTT, Michael Iain resigneddirector
- 2015-12-31➖TAYLOR, Paul resigneddirector
- 2015-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2015-09-04📄annual-return-company-with-made-up-date-no-member-listannual-return · AR01
- 2015-06-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2015-05-31➖QUINLAN, Anthony James resigneddirector
- 2015-05-31➕SCOTT, Michael Iain appointeddirector
- 2014-10-21➖THOMPSON, Dorothy Carrington resigneddirector
- 2013-01-07🔓Charge satisfied #4
- 2012-12-20🔒Charge registered #5Lender: Deutsche Bank Ag, London Branch (The Security Agent)
- 2011-12-09➕TAYLOR, Paul appointeddirector
- 2011-08-01🔓Charge satisfied #3
- 2011-08-01🔓Charge satisfied #2
- 2011-08-01🔓Charge satisfied #1
- 2011-07-28🔒Charge registered #4Lender: Barclays Bank PLC (The Security Agent)
- 2010-05-05🔒Charge registered #3Lender: Barclays Bank PLC (The Security Agent)
- 2009-08-03🔒Charge registered #2Lender: Barclays Bank PLC (The Security Agent)
- 2008-09-01➕QUINLAN, Anthony James appointeddirector
- 2008-08-31➖BOYD, Gordon Alexander resigneddirector
- 2006-01-18🔒Charge registered #1Lender: Barclays Bank PLC (The Security Agent)
- 2006-01-17🏢Company incorporatedAs DRAX GCO LIMITED
- 2006-01-17➕WHITE, Philip Martin appointedsecretary
- 2006-01-17➕BOYD, Gordon Alexander appointeddirector
Showing most recent 50 of 51 events
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
61/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-10-05
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2018-10-05: gazette-dissolved-liquidation; 2018-07-05: liquidation-voluntary-members-return-of-final-meeting
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Drax Corporate Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Drax Corporate Limited
Corporate parent · holds 75-100% shares · board control
⬇
DRAX GCO LIMITED
This company · 05677568
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 |
|---|---|---|---|---|
Drax Corporate 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.
🔒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 →Similar companies
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|---|---|---|---|---|---|---|---|
| AEW WIND LIMITED→ 16781703 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ALLENSWAY RECYCLING (GRIMSBY) LIMITED→ 06977885 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ALTHERM LTD→ 11892924 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ANGLIAN SEPTICS LTD→ 16639403 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARGLAM RENEWABLES LIMITED→ 08656151 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ASHCOURT RECYCLING LIMITED→ 14574340 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BURDASS RENEWABLES LIMITED→ 09140711 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| COLL POWER LIMITED→ 09496615 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| COMMERCIAL PIPEWORK SOLUTIONS LTD→ 11050142 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| COMPLETE UTILITY CONNECTIONS LTD→ 16593223 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| COOKSON ELECTRICAL SOLUTIONS LTD→ 12770533 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| COOLTEC SERVICES (YORK) LIMITED→ 06613816 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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.
See pricing →Company details
Statusdissolved
Typeprivate-limited-guarant-nsc
Incorporated2006-01-17
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110
Registered office
Drax Power Station
Selby
North Yorkshire
YO8 8PH
Filing status
Accounts
Next due: —
Last made up to: 2016-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
Active
GARDINER, Dwight Daniel Willard→
Activedirector · ~62y · appointed 2016-01-01
View their other companies + combined net worth →
KOSS, Andrew Robert→
Activedirector · ~55y · appointed 2016-01-01
View their other companies + combined net worth →
WHITE, Philip Martin→
Resignedsecretary · appointed 2006-01-17 · resigned 2016-04-29
BOYD, Gordon Alexander→
Resigneddirector · ~66y · appointed 2006-01-17 · resigned 2008-08-31
QUINLAN, Anthony James→
Resigneddirector · ~61y · appointed 2008-09-01 · resigned 2015-05-31
SCOTT, Michael Iain→
Resigneddirector · ~60y · appointed 2015-05-31 · resigned 2015-12-31
TAYLOR, Paul→
Resigneddirector · ~58y · appointed 2011-12-09 · resigned 2015-12-31
THOMPSON, Dorothy Carrington→
Resigneddirector · ~66y · appointed 2006-01-17 · resigned 2014-10-21
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
3
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Deutsche Bank Ag, London Branch as Security Agent | A registered charge | — | 05/05/2017 | — | |
| outstanding | Deborah Keedy / Nicholas Parker / Thomas Evans / Philip Hudson | A registered charge | — | 05/05/2017 | — | |
| outstanding | Deutsche Bank Ag, London Branch (The Security Agent) | A security deed | 1 property | 20/12/2012 | — | |
| satisfied | Barclays Barclays Bank PLC (The Security Agent) | Security agreement | 1 property | 28/07/2011 | 07/01/2013 | |
| satisfied | Barclays Barclays Bank PLC (The Security Agent) | Supplemental debenture | 1 property | 05/05/2010 | 01/08/2011 | |
| satisfied | Barclays Barclays Bank PLC (The Security Agent) | A supplemental debenture | 1 property | 03/08/2009 | 01/08/2011 | |
| satisfied | Barclays Barclays Bank PLC (The Security Agent) | Deed of accession | 1 property | 18/01/2006 | 01/08/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (71 total)
gazette-dissolved-liquidation
gazette · GAZ2
2018-10-05
liquidation-voluntary-members-return-of-final-meeting
insolvency · LIQ13
2018-07-05
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2017-12-27
resolution
resolution · RESOLUTIONS
2017-12-27
liquidation-voluntary-declaration-of-solvency
insolvency · LIQ01
2017-12-27
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2017-11-24
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2017-11-24
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2017-11-24
accounts-with-accounts-type-small
accounts · AA
2017-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-09-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2017-08-02
change-person-director-company-with-change-date
officers · CH01
2017-06-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-05-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-05-09
accounts-with-accounts-type-full
accounts · AA
2016-10-03