CONRAD (WINDRUSH) II LIMITED
🌿Early-stageactive
14525805 · 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
67/100
Strong
What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 67/100 (strong), bankability 65/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
5 live charges · oldest 2.9y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.9 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
5 charges (5/5 with lender, 5/5 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
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
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 (23 events)Click to expand
- 2026-02-23📄accounts-with-accounts-type-groupaccounts · AA
- 2025-04-07📄accounts-with-accounts-type-groupaccounts · AA
- 2025-01-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-30➕O'CARROLL, Anthony James appointeddirector
- 2024-10-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-22➖HARDMAN, Steven Neville resigneddirector
- 2024-04-04📄accounts-with-accounts-type-groupaccounts · AA
- 2023-12-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-22🔒Charge registered #5Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2023-12-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-07🔒Charge registered #4Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2023-12-07🔒Charge registered #3Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2023-07-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-21🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2023-07-21🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2022-12-16📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2022-12-06🏢Company incorporatedAs CONRAD (WINDRUSH) II LIMITED
- 2022-12-06➕NEW, Mark David appointedsecretary
- 2022-12-06➕BATES, David Philip Geoffrey appointeddirector
- 2022-12-06➕HARDMAN, Steven Neville appointeddirector
- 2022-12-06📄incorporation-companyincorporation · NEWINC
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
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Conrad (Windrush) Ii Holdco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Conrad (Windrush) Ii Holdco Limited
Corporate parent · holds 75-100% shares · board control
⬇
CONRAD (WINDRUSH) II LIMITED
This company · 14525805
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 |
|---|---|---|---|---|
Conrad (Windrush) Ii Holdco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/12/2022 |
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 →Similar companies
Active · Energy & utilities · OX postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CONRAD (GLYME) HOLDCO LIMITED→ 14510955 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CONRAD (LOWESTOFT) LIMITED→ 13033979 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CONRAD (MALMESBURY) LIMITED→ 13368387 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CONRAD (MATCHING) LIMITED→ 10969076 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| CONRAD (MIDDLEWICH) LIMITED→ 11596046 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CONRAD (MINEHEAD) LIMITED→ 12932711 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| CONRAD (STEVENAGE A) LIMITED→ 09913251 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| CONRAD (THAMES) LIMITED→ 13617610 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CONRAD (TORQUAY) LIMITED→ 13207993 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| CONRAD (WALPOLE) LIMITED→ 14405214 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CONRAD (WINDRUSH) II HOLDCO LIMITED→ 14525573 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CONRAD (YAXLEY) LIMITED→ 13048150 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
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)
Active
BATES, David Philip Geoffrey→
Activedirector · ~43y · appointed 2022-12-06
View their other companies + combined net worth →
O'CARROLL, Anthony James→
Activedirector · ~52y · appointed 2024-12-30
View their other companies + combined net worth →
HARDMAN, Steven Neville→
Resigneddirector · ~58y · appointed 2022-12-06 · resigned 2024-10-22
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | — | 22/12/2023 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | — | 07/12/2023 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | — | 07/12/2023 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | — | 21/07/2023 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | — | 21/07/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (15 total)
accounts-with-accounts-type-group
accounts · AA
2026-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-05
accounts-with-accounts-type-group
accounts · AA
2025-04-07
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-group
accounts · AA
2024-04-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-11
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