COVARRUBIA ENERGY UK & GAS LTD

⚰️Wound downdissolved
SC808001 · ltd · incorporated 2024-04-23
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
56/100
Worth a look
🔔
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
ALSO REGISTERED FOR
  • 35120SIC 35120
  • 68100Buying and selling of own real estate
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 56/100 (worth a look), 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: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (56/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
4 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
56/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
20
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
2
filings
  • 2 gazette
Last 180 days
2
filings
  • 2 gazette
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2026-04-14
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  2. 2026-04-14
    🏁
    Company dissolved
  3. 2026-01-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-01-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2024-04-23
    🏢
    Company incorporated
    As COVARRUBIA ENERGY UK & GAS LTD
  6. 2024-04-23
    HOUNSOM, Lee appointed
    director
  7. 2024-04-23
    MCKENNA, Stephen appointed
    director
  8. 2024-04-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Young company: Only 2.0 years old — management layer unlikely to be developed.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2026-04-14

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-01-16: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Lee Hounsom
Individual · Scottish · DOB 06/1986 · age 40
2550%
25–50%board control25-50% shares · 25-50% voting · board control23/04/2024
Mr Stephen Mckenna
Individual · Scottish · DOB 03/1967 · age 59
2550%
25–50%25-50% shares · 25-50% voting23/04/2024

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusdissolved
Typeltd
Incorporated2024-04-23
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

2 Fitzroy Place
Glasgow
G3 7RH
Scotland

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

HOUNSOM, Lee
director · ~40y · appointed 2024-04-23
View their other companies + combined net worth →
Active
MCKENNA, Stephen
director · ~59y · appointed 2024-04-23
View their other companies + combined net worth →
Active

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

Recent filings (4 total)

gazette-dissolved-compulsory
gazette · GAZ2
2026-04-14
gazette-notice-compulsory
gazette · GAZ1
2026-01-27
certificate-change-of-name-company
change-of-name · CERTNM
2025-01-16
incorporation-company
incorporation · NEWINC
2024-04-23