DRAX PUMPED STORAGE LIMITED
Opportunity 70/100 (strong), bankability 57/100. 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 (45/100).
Refinance opportunity
32 live charges · 4 lenders · oldest 9.1y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 9.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
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
- • 2 officers
- • 3 officers
- • 3 mortgage
Corporate timeline (87 events)Click to expand
- 2026-03-23📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2026-03-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-19➕DUNN, Rebecca appointedsecretary
- 2026-03-19➕PEACOCK, Daniel Andrew appointeddirector
- 2025-12-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-23🔒Charge registered #32Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2025-12-18📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-12-18🔒Charge registered #31Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2025-12-18🔒Charge registered #30Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2025-12-05➖GLADDEN, Brett resignedsecretary
- 2025-10-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-30➕LEMMINK, Frank Hendrikus appointeddirector
- 2025-09-30➖SKELTON, Andrew Keith resigneddirector
- 2025-07-10📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-22🔒Charge registered #29Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-08-19🔒Charge registered #28Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-08-19🔒Charge registered #27Lender: Deutsche Bank Ag, London Branch
- 2024-08-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-01➕DAWES, Lee Michael appointeddirector
- 2024-08-01➖SMALL, Penelope Louise resigneddirector
- 2024-08-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-10🔒Charge registered #26Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-05-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-02🔒Charge registered #25Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-05-02🔒Charge registered #24Lender: Deutsche Bank Ag, London Branch
- 2024-04-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-15🔒Charge registered #23Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-04-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-03🔒Charge registered #22Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-04-03🔒Charge registered #21Lender: Deutsche Bank Ag, London Branch
- 2024-03-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-06🔒Charge registered #20Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-02-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-22🔒Charge registered #19Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2024-02-22🔒Charge registered #18Lender: Deutsche Bank Ag, London Branch
- 2022-12-28🔒Charge registered #17Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2022-12-09🔒Charge registered #16Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2022-12-09🔒Charge registered #15Lender: Deutsche Bank Ag, London Branch (As Security Agent)
- 2022-07-22🔓Charge satisfied #1
- 2021-10-27➕SHEFFIELD, Paul Nathan appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med · 1 lowMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: GLADDEN, Brett resigned 2025-12-05; SKELTON, Andrew Keith resigned 2025-09-30
Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-12-23: A registered charge; 2025-12-18: A registered charge; 2025-12-18: A registered charge
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Drax Hydro 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 |
|---|---|---|---|---|
Drax Hydro Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/06/2021 |
1 historic (ceased) PSC
- Drax Research And Innovation Holdco Limitedceased 22/06/2021· 75-100% shares · 75-100% voting · board control
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.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| ALLENSWAY RECYCLING (GRIMSBY) LIMITED→ 06977885 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ALTHERM LTD→ 11892924 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ASHCOURT RECYCLING LIMITED→ 14574340 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| CROSSLEY TYRES LIMITED→ 06839856 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| CUBE (YORKSHIRE) LTD→ 06558096 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| DMH ELECTRICAL SERVICES LTD→ 15205900 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DONCASTER POWER (10MW) LIMITED→ 11377507 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DRAINS UK 2000 (LINING) LTD→ 09276033 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| DRAX BESS MARFLEET LIMITED→ 12967525 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| DRAX ENERGY SOLUTIONS LIMITED→ 05893966 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| DRAX RIVER HYDRO LIMITED→ 05956747 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| DSD WASTE SOLUTIONS LTD→ 12668166 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
8 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 (6 active · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 23/12/2025 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/12/2025 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/12/2025 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 22/08/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 19/08/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | 1 property | 19/08/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 10/05/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 02/05/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | — | 02/05/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 15/04/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 03/04/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | — | 03/04/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 06/03/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 22/02/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | — | 22/02/2024 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 28/12/2022 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 09/12/2022 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | — | 09/12/2022 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 2 properties | 28/07/2021 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 14/07/2021 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 12/07/2021 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 12/07/2021 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 01/07/2021 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/11/2020 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 04/11/2020 | — | |
| outstanding | Deutsche Bank Ag, London Branch (As Security Agent) | A registered charge | 1 property | 18/08/2020 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | 1 property | 24/07/2019 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | 1 property | 16/05/2019 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | 1 property | 21/12/2018 | — | |
| outstanding | Deutsche Bank Ag, London Branch | A registered charge | 1 property | 26/04/2018 | — | |
| outstanding | Deutsche Bank Ag, London Branch as Security Agent | A registered charge | — | 05/05/2017 | — | |
| satisfied | Deborah Keedy / Nicholas Parker / Thomas Evans / Philip Hudson | A registered charge | — | 05/05/2017 | 22/07/2022 |