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Cash

Latest balance sheet

Net assets

Equity attributable

Employees

Average over period

Profit before tax

£4.2m

+1,178.4% highest in 3 filed years

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover
Operating profit -£89,000£323,000£4,193,000 +1,198.1%
Profit before tax -£76,000£328,000£4,193,000 +1,178.4%
Net profit -£58,000£248,000£4,192,000 +1,590.3%
Cash £619,000£963,000
Total assets less current liabilities £729,000£977,000
Net assets £729,000£977,000
Equity £729,000£977,000
Average employees 00
Wages
Directors' remuneration

Values shown as filed in the company's annual accounts. indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show . About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-312025-12-31
Return on capital employed -12.2%33.1%
Gearing (liabilities / total assets) 1.2%
Current ratio 2.81x89.82x

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Name history

Renamed 4 times since incorporation

  1. DRAKEN LEASING LIMITED 2020-12-07 → present
  2. COBHAM LEASING LIMITED 1996-10-04 → 2020-12-07
  3. WESTERN ASSET MANAGEMENT LIMITED 1994-10-04 → 1996-10-04
  4. WESTERN ASSET LIMITED 1994-09-23 → 1994-10-04
  5. JERMAINE TRADING LIMITED 1994-06-23 → 1994-09-23

Audit & accounting basis

Accounting basis
FRS 101
Reporting scope
Standalone (parent only)
Auditor
Ernst & Young LLP
Audit opinion
Unaudited (audit-exempt)
Going concern
Not a going concern (break-up basis)

“The directors do not consider the going concern basis of preparation to be appropriate as they intend to wind up the Company within 12 months of approval of the financial statements as the Company ceased trading in the prior year. The financial statements have therefore been prepared on a basis other than going concern.”

Significant events

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

5 active · 31 resigned

Name Role Appointed Born Nationality
HARRISON, Sarah Jane Secretary 2020-04-02
ANDERSON, Nicolas Charles Director 2023-12-11 May 1968 British
HARRISON, Sarah Jane Director 2020-04-02 Jun 1981 British
STOATE, Richard Duncan Director 2019-01-10 Jun 1963 British
TATE, Simon Director 2025-01-14 Jan 1964 British
Show 31 resigned officers
Name Role Appointed Resigned
ARMSTRONG, Paul Secretary 2012-07-09 2017-04-07
HARRISON, David Robert Secretary 2006-08-01 2011-05-18
HELLYAR, Stuart Secretary 2017-04-07 2017-08-04
HUDSON, John Secretary 2011-06-20 2012-07-09
PARRY, Michael David Secretary 2018-08-06 2020-03-31
POPE, John Michael Secretary 1996-09-20 2001-04-01
RICHARDSON, Mark Allington Secretary 1995-05-16 1996-09-20
RICHARDSON, Peter Secretary 2001-06-20 2006-08-01
ROBSON, Sutton Jean Secretary 1994-09-15 1995-05-16
YOUNG, Philip Secretary 2017-08-04 2018-08-06
STARTCO LIMITED Corporate Nominee Secretary 1994-06-23 1994-09-15
ARMSTRONG, Paul Anthony Director 2018-04-27 2023-10-31
ARMSTRONG, Paul Anthony Director 2012-02-21 2017-04-07
CHAPMAN, James Director 2005-12-21 2008-12-31
COGAN, Michael Eugene Director 1998-08-19 2004-10-25
COVILL, Anthony Piers Director 1994-09-15 1996-09-20
FREEMAN, Claud John Director 2004-10-25 2005-12-01
HELLYAR, Stuart Director 2017-04-07 2017-08-04
HUGHES, Charles Anthony Director 2009-04-15 2011-05-17
IRWIN, Alastair Giles Director 1996-09-20 2001-04-01
NOTTAGE, Peter Wayne Director 2011-06-20 2018-04-27
PAGE, Gordon Francis De Courcy Director 1996-09-20 2001-04-01
PARRY, Michael David Director 2018-05-21 2020-03-31
PARTRIDGE, Simon James Director 2023-10-31 2025-01-14
RICHARDSON, Mark Allington Director 1995-07-27 1996-09-20
RICHARDSON, Peter Director 1998-08-19 2005-12-21
ROBSON, Graham George Director 1994-09-15 1995-05-16
ROE, Geoffrey Eric Director 1998-08-19 2002-06-30
TAYLOR, Desmond Thomas Director 2003-07-21 2012-02-21
YOUNG, Philip Director 2017-08-04 2018-08-06
NEWCO LIMITED Corporate Nominee Director 1994-06-23 1994-09-15

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Fr Aviation Limited Corporate entity Shares 75–100%, Shares 75–100% (as firm) 2020-08-10 Active
Fr Aviation Group Limited Corporate entity Shares 75–100%, Voting 75–100%, Appoints directors 2016-04-06 Ceased 2020-08-10

Filing timeline

Last 20 of 168 total filings

Material constitutional events — rename, articles re-file, resolution

  • 2021-04-21 RESOLUTIONS Resolution
Date Type Category Description
2026-07-26 AA accounts Accounts with accounts type full
2026-06-23 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-07-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-06-16 AA accounts Accounts with accounts type full
2025-05-21 MR04 mortgage Mortgage satisfy charge full PDF
2025-05-21 MR04 mortgage Mortgage satisfy charge full PDF
2025-01-27 AP01 officers Appoint person director company with name date PDF
2025-01-27 TM01 officers Termination director company with name termination date PDF
2024-06-20 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-06-18 AA accounts Accounts with accounts type full
2023-12-14 AP01 officers Appoint person director company with name date PDF
2023-11-01 AP01 officers Appoint person director company with name date PDF
2023-10-31 TM01 officers Termination director company with name termination date PDF
2023-07-03 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-06-09 AA accounts Accounts with accounts type full
2022-09-30 AA accounts Accounts with accounts type full
2022-06-24 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-10-04 AA accounts Accounts with accounts type full
2021-06-21 CS01 confirmation-statement Confirmation statement with updates PDF
2021-04-21 RESOLUTIONS resolution Resolution

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
2

last 12 months

Capital events
0

last 24 months

Officers appointed
0

last 12 months

Officers resigned
0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page