CONRAD (WINDRUSH) II HOLDCO LIMITED

🌿Early-stageactive
14525573 · ltd · incorporated 2022-12-06
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
not disclosed
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · oldest 3.0y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 3.0 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
15 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.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 2 accounts
Last 180 days
2
filings
  • 2 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-04-12
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  2. 2026-04-12
    📄
    legacy
    accounts · PARENT_ACC
  3. 2025-12-28
    📄
    legacy
    other · AGREEMENT2
  4. 2025-12-28
    📄
    legacy
    other · GUARANTEE2
  5. 2025-06-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2025-01-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-12-30
    O'CARROLL, Anthony James appointed
    director
  8. 2024-10-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-10-22
    HARDMAN, Steven Neville resigned
    director
  10. 2024-04-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2023-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2023-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-07-21
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  14. 2023-07-21
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  15. 2022-12-16
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  16. 2022-12-06
    🏢
    Company incorporated
    As CONRAD (WINDRUSH) II HOLDCO LIMITED
  17. 2022-12-06
    NEW, Mark David appointed
    secretary
  18. 2022-12-06
    BATES, David Philip Geoffrey appointed
    director
  19. 2022-12-06
    HARDMAN, Steven Neville appointed
    director
  20. 2022-12-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some 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 signal

Limited 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Conrad Energy (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Conrad Energy (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
CONRAD (WINDRUSH) II HOLDCO LIMITED
This company · 14525573

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
Conrad Energy (Holdings) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/12/2022

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2022-12-06
Jurisdictionengland-wales
Primary SIC35110 — SIC 35110

Registered office

Suites D&E Windrush Court
Blacklands Way
Abingdon
OX14 1SY
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-19
Last: 2025-12-05

Officers (3 active · 1 resigned)

NEW, Mark David
secretary · appointed 2022-12-06
View their other companies + combined net worth →
Active
BATES, David Philip Geoffrey
director · ~43y · appointed 2022-12-06
View their other companies + combined net worth →
Active
O'CARROLL, Anthony James
director · ~52y · appointed 2024-12-30
View their other companies + combined net worth →
Active
HARDMAN, Steven Neville
director · ~58y · appointed 2022-12-06 · resigned 2024-10-22
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge21/07/2023
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge21/07/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (15 total)

accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-04-12
legacy
accounts · PARENT_ACC
2026-04-12
legacy
other · AGREEMENT2
2025-12-28
legacy
other · GUARANTEE2
2025-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-05
accounts-with-accounts-type-small
accounts · AA
2025-06-16
appoint-person-director-company-with-name-date
officers · AP01
2025-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-10
termination-director-company-with-name-termination-date
officers · TM01
2024-10-30
accounts-with-accounts-type-small
accounts · AA
2024-04-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-25
change-account-reference-date-company-current-shortened
accounts · AA01
2022-12-16
incorporation-company
incorporation · NEWINC
2022-12-06