CORONA ENERGY RETAIL 2 LIMITED
🌳Matureactive
SC138299 · ltd · incorporated 1992-05-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 35230
Sector: Electricity, gas & energy
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
10 live charges · 6 lenders · oldest 28.6y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 28.6 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (59/100)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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
43 officers (4 active, 43 linked, 32 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
226 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
3
filings
- • 3 mortgage
Last 90 days
3
filings
- • 3 mortgage
Last 180 days
4
filings
- • 3 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (116 events)Click to expand
- 2026-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-27🔒Charge registered #11Lender: Lloyds Bank PLC (As Security Trustee)
- 2026-03-27🔒Charge registered #10Lender: Lloyds Bank PLC (As Security Trustee)
- 2026-03-27🔒Charge registered #9Lender: Lloyds Bank PLC
- 2025-12-15📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-15📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-09-27➕PATEL, Rishil Surendrakumar appointeddirector
- 2024-09-27➖PLEWMAN, Paul Christian resigneddirector
- 2024-02-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-23🔒Charge registered #8Lender: Lloyds Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Floating Charge))
- 2024-02-23🔒Charge registered #7Lender: Lloyds Bank PLC
- 2024-02-22📄memorandum-articlesincorporation · MA
- 2024-02-20📄resolutionresolution · RESOLUTIONS
- 2024-02-20📄statement-of-companys-objectschange-of-constitution · CC04
- 2023-11-09📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-06📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-23📄accounts-with-accounts-type-fullaccounts · AA
- 2021-03-10📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-14📄accounts-with-accounts-type-fullaccounts · AA
- 2019-01-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2018-11-23➕BEGUM THOMAS, Shaheda appointedsecretary
- 2018-06-01➖LONG, Matthew Basil D resignedsecretary
- 2018-04-23➖GRAY, Matthew Richard resigneddirector
- 2017-12-08➕MORTON, Philip appointeddirector
- 2017-12-08➖PRICE, Justin Barnes resigneddirector
- 2017-03-28➕LONG, Matthew Basil D appointedsecretary
- 2017-02-08➖OLSEN, Peter Graham resignedsecretary
- 2016-10-06➕MITCHELL, Neil Trevor appointeddirector
- 2016-10-06➕PRICE, Justin Barnes appointeddirector
- 2016-10-06➖RUSSELL, Gary David resigneddirector
- 2013-04-18➖COLES, Christian James resigneddirector
- 2009-02-16➖FARRY, Kieron Patrick resigneddirector
- 2008-11-20➖ANSBRO, Nicholas resignedsecretary
- 2008-11-20➕OLSEN, Peter Graham appointedsecretary
- 2008-07-07➖CARROLL, Geoffrey Michael resigneddirector
- 2008-02-22➕GRAY, Matthew Richard appointeddirector
- 2007-11-05➖SPELLMAN, John Ashley resigneddirector
- 2007-07-10➖BARRACK, Sebastian resigneddirector
- 2007-07-10➕COLES, Christian James appointeddirector
- 2007-07-09➖GRENFELL, Simon James resigneddirector
- 2007-05-18➕PLEWMAN, Paul Christian appointeddirector
- 2007-05-18➖PRESTON, Benjamin resigneddirector
- 2006-10-31🔓Charge satisfied #3
- 2006-09-15➕BARRACK, Sebastian appointeddirector
- 2006-09-15➕CARROLL, Geoffrey Michael appointeddirector
Showing most recent 50 of 116 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
Red flags
2 med · 1 low3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-03-27: A registered charge; 2026-03-27: A registered charge; 2026-03-27: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Corona Energy Retail 1 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Corona Energy Retail 1 Limited
Corporate parent · holds 75-100% shares
⬇
CORONA ENERGY RETAIL 2 LIMITED
This company · SC138299
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 |
|---|---|---|---|---|
Corona Energy Retail 1 Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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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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
Incorporated1992-05-13
Jurisdictionscotland
Primary SIC35230 — SIC 35230
Registered office
50 Lothian Road
Festival Square
Edinburgh
EH3 9WJ
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-24
Last: 2025-05-10
Officers (4 active · 39 resigned)
BEGUM THOMAS, Shaheda→
Activesecretary · appointed 2018-11-23
View their other companies + combined net worth →
MITCHELL, Neil Trevor→
Activedirector · ~52y · appointed 2016-10-06
View their other companies + combined net worth →
MORTON, Philip→
Activedirector · ~58y · appointed 2017-12-08
View their other companies + combined net worth →
PATEL, Rishil Surendrakumar→
Activedirector · ~42y · appointed 2024-09-27
View their other companies + combined net worth →
ANSBRO, Nicholas→
Resignedsecretary · appointed 2004-02-11 · resigned 2008-11-20
DONNELLY, Lawrence John Vincent→
Resignedsecretary · appointed 1993-03-09 · resigned 1993-08-13
ELSTEIN, Jonathan Michael→
Resignedsecretary · appointed 2000-05-02 · resigned 2002-06-25
LONG, Matthew Basil D→
Resignedsecretary · appointed 2017-03-28 · resigned 2018-06-01
NEALE, Duncan→
Resignedsecretary · appointed 1997-05-23 · resigned 2000-05-02
OLSEN, Peter Graham→
Resignedsecretary · appointed 2008-11-20 · resigned 2017-02-08
RUSSELL, Gary David→
Resignedsecretary · appointed 2002-06-25 · resigned 2004-02-11
SOUTHWORTH, John David→
Resignedsecretary · appointed 1993-08-13 · resigned 1997-05-23
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 1992-05-13 · resigned 1993-03-09
ANDREW, John Christopher→
Resigneddirector · ~78y · appointed 1995-05-31 · resigned 1996-09-20
BARRACK, Sebastian→
Resigneddirector · ~54y · appointed 2006-09-15 · resigned 2007-07-10
BIBBY, David Walter Nigel→
Resigneddirector · ~77y · appointed 1996-11-15 · resigned 1997-05-23
BRETTON, Charles John→
Resigneddirector · ~74y · appointed 2001-03-15 · resigned 2002-02-28
BROWN, Bobby Gene→
Resigneddirector · ~82y · appointed 1993-08-13 · resigned 1995-08-01
CARROLL, Geoffrey Michael→
Resigneddirector · ~52y · appointed 2006-09-15 · resigned 2008-07-07
CLARKE, Nicholas Anthony→
Resigneddirector · ~65y · appointed 1997-05-23 · resigned 2001-02-02
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
5
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC (As Security Trustee) | A registered charge | 1 property | 27/03/2026 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC (As Security Trustee) | A registered charge | 1 property | 27/03/2026 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 27/03/2026 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC (As Security Trustee for the Secured Parties (as Defined in the Floating Charge)) | A registered charge | — | 23/02/2024 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 23/02/2024 | — | |
| satisfied | Glencore Energy UK Glencore Energy UK Limited | Floating charge | 2 properties | 18/08/2004 | 14/09/2006 | |
| satisfied | Sempra Energy Europe Sempra Energy Europe Limited | Floating charge | 1 property | 30/06/2003 | 26/08/2004 | |
| satisfied | Sempra Energy Europe Sempra Energy Europe Limited | Floating charge | 1 property | 28/06/2001 | 26/08/2004 | |
| satisfied | Ge Capital Commercial Finance Ge Capital Commercial Finance Limited | Bond & floating charge | 1 property | 21/12/2000 | 31/10/2006 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Bond & floating charge | 1 property | 25/09/1997 | 13/06/2003 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (226 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-27
accounts-with-accounts-type-full
accounts · AA
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-20
accounts-with-accounts-type-full
accounts · AA
2024-10-15
appoint-person-director-company-with-name-date
officers · AP01
2024-10-08
termination-director-company-with-name-termination-date
officers · TM01
2024-10-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-23
memorandum-articles
incorporation · MA
2024-02-22
resolution
resolution · RESOLUTIONS
2024-02-20
statement-of-companys-objects
change-of-constitution · CC04
2024-02-20
accounts-with-accounts-type-full
accounts · AA
2023-11-09