CODRINGTON ENERGY CENTRE LTD
🌿Early-stageactive
13623422 · ltd · incorporated 2021-09-15
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-253
book net assets
Opportunity
71/100
Strong
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 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
1 live charge · oldest 4.6y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.6 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £253
Net assets shrinking
Down £351 YoY
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£471
↓ 98% YoY
Net Worth
-£253
↓ 358% YoY
Current Assets
£474k
↑ 9.8% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £-253 | £98 |
| Current assets | £474.4k | £432.2k |
| Cash | £471 | £21.5k |
| Debtors | £426 | £151 |
| Net assets | £-253 | £98 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2026-01-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-01-16📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-05➕LU, Ryan appointeddirector
- 2026-01-05➖YANG, Ben resigneddirector
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-07-31📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-05-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-01-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-23🔒Charge registered #1Lender: Heliofidem UK LTD
- 2021-11-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-10-06📄memorandum-articlesincorporation · MA
- 2021-10-06📄resolutionresolution · RESOLUTIONS
- 2021-10-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-10-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-09-30➕YANG, Ben appointeddirector
- 2021-09-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-09-30📄capital-allotment-sharescapital · SH01
- 2021-09-29➕HUGHES, Michael John appointeddirector
- 2021-09-29➖NEWMAN, Andrew Jonathan Charles resigneddirector
- 2021-09-15🏢Company incorporatedAs CODRINGTON ENERGY CENTRE LTD
- 2021-09-15➕NEWMAN, Andrew Jonathan Charles appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️majority
Heliofidem Uk Limited
Corporate parent · holds 50-75% shares
🏛️significant stake
Renewable Connections Developments Limited
Corporate parent · holds 25-50% shares
⬇
CODRINGTON ENERGY CENTRE LTD
This company · 13623422
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Heliofidem Uk Limited Corporate entity | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 30/09/2021 |
Renewable Connections Developments Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 28/09/2021 |
1 historic (ceased) PSC
- Renewable Connections Solar Holdings Limitedceased 28/09/2021· 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.
🔒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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|---|---|---|---|---|---|---|---|
| BGM NORFOLK LIMITED→ 15941481 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CASON & BAZLEY PIPELINE SERVICING LTD→ 15483377 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CHARGE IT NOW LIMITED→ 15954715 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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| CHILTERN AD MANAGEMENT LTD→ 10805728 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| CJS WASTEWATER SERVICES LIMITED→ 16146940 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CLEARANCE4LESS NORFOLK LTD→ 15263669 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| COASTAL RECYCLING LTD→ 14476542 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| COOL CATS AIR CONDITIONING SERVICES LIMITED→ 14354123 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CREATIVE SOLAR SOLUTIONS LIMITED→ 07489981 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| CURTAIN ROAD DEVELOPMENTS 27 LIMITED→ 13660705 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CURTAIN ROAD DEVELOPMENTS 31 LIMITED→ 12289969 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2021-09-15
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110
Registered office
20 Central Avenue
St. Andrews Business Park
Norwich
Norfolk
NR7 0HR
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-28
Last: 2025-09-14
Officers (2 active · 2 resigned)
HUGHES, Michael John→
Activedirector · ~51y · appointed 2021-09-29
View their other companies + combined net worth →
Active
NEWMAN, Andrew Jonathan Charles→
Resigneddirector · ~56y · appointed 2021-09-15 · resigned 2021-09-29
YANG, Ben→
Resigneddirector · ~65y · appointed 2021-09-30 · resigned 2026-01-05
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Heliofidem UK Heliofidem UK LTD | A registered charge | 1 property | 23/12/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (29 total)
change-person-director-company-with-change-date
officers · CH01
2026-01-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-01-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-16
change-person-director-company-with-change-date
officers · CH01
2026-01-16
appoint-person-director-company-with-name-date
officers · AP01
2026-01-10
termination-director-company-with-name-termination-date
officers · TM01
2026-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-20
change-account-reference-date-company-current-extended
accounts · AA01
2023-07-31
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-05-22