COEGA HYDROGEN LIMITED

💤Zombieactive
12580965 · ltd · incorporated 2020-04-30
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2024
Net worth
book net assets
Opportunity
68/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-04-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-01-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-01-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-12-23
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  4. 2024-01-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-01-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-01-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-04-30
    🏢
    Company incorporated
    As COEGA HYDROGEN LIMITED
  8. 2020-04-30
    REDPATH, Timothy Giles appointed
    director
  9. 2020-04-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-13

Group structure

Hive Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Hive Energy Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
COEGA HYDROGEN LIMITED
This company · 12580965

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%
NameSharesVoting rightsNature of controlNotified
Hive Energy Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/04/2020

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

Active · Energy & utilities · SO postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
B WILTON DIGGER HIRE LTD
06233674 · est 2007 · no financials extracted
18y
BROOK CONTRACTING SOLUTIONS LIMITED
07362979 · est 2010 · no financials extracted
15y
CAMDEN WELLS ADVISERS LTD
13341503 · est 2021 · no financials extracted
5y
CHAMBERLAINS AQUA AND ENERGY SYSTEMS LIMITED
11098150 · est 2017 · no financials extracted
8y
CHLOROS ENVIRONMENTAL LTD
06769936 · est 2008 · no financials extracted
17y
CLAWDDCAM SOLAR PARK LTD
10953492 · est 2017 · no financials extracted
8y
CLEAR OUT GROUP LTD
14053118 · est 2022 · no financials extracted
3y
COEGA BIOMASS PROCESSING LIMITED
12590114 · est 2020 · no financials extracted
5y
COEGA SOLAR PARK LIMITED
12575392 · est 2020 · no financials extracted
5y
COLDPRESS GROUP LIMITED
08865193 · est 2014 · no financials extracted
12y
COMMERCIAL ENVIRONMENTAL SERVICES LTD
15546154 · est 2024 · no financials extracted
2y
COMPLETE WATER SOLUTIONS UK LTD
05464552 · est 2005 · no financials extracted
20y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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

Statusactive
Typeltd
Incorporated2020-04-30
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110

Registered office

Woodington House Woodington Road
East Wellow
Romsey
SO51 6DQ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-13OVERDUE
Last: 2025-04-29

Officers (1 active · 0 resigned)

REDPATH, Timothy Giles
director · ~61y · appointed 2020-04-30
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (12 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-08
accounts-with-accounts-type-dormant
accounts · AA
2025-01-27
change-account-reference-date-company-current-shortened
accounts · AA01
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
accounts-with-accounts-type-dormant
accounts · AA
2024-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-11
accounts-with-accounts-type-dormant
accounts · AA
2023-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09
accounts-with-accounts-type-dormant
accounts · AA
2022-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-03
incorporation-company
incorporation · NEWINC
2020-04-30