DRAX POWER LIMITED
Operating as the principal generating asset of London Stock Exchange-listed Drax Group plc, the company runs a major biomass-fuelled power station in North Yorkshire to produce renewable electricity.
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Cash
£36m
+34.1% vs 2024
Net assets
£2.4bn
+20.4% vs 2024
Employees
645
-1.2% vs 2024
Profit before tax
£588m
-25.2% lowest in 3 filed years
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £6,398,100,000 | £4,962,400,000 | £4,368,000,000 | -12% | |
| Operating profit | £838,000,000 | £757,400,000 | £533,000,000 | -29.6% | |
| Profit before tax | £863,700,000 | £785,600,000 | £587,900,000 | -25.2% | |
| Net profit | £624,800,000 | £589,200,000 | £465,900,000 | -20.9% | |
| Cash | £49,800,000 | £27,000,000 | £36,200,000 | +34.1% | |
| Total assets less current liabilities | £3,370,000,000 | £2,501,100,000 | £2,654,600,000 | +6.1% | |
| Net assets | £2,578,600,000 | £1,980,300,000 | £2,385,200,000 | +20.4% | |
| Equity | £2,578,600,000 | £1,980,300,000 | £2,385,200,000 | +20.4% | |
| Average employees | 636 | 653 | 645 | -1.2% | |
| Wages | £45,500,000 | £44,400,000 | £45,700,000 | +2.9% | |
| Directors' remuneration | £600,000 | £3,700,000 | £4,100,000 | +10.8% |
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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 13.1% | 15.3% | 12.2% | |
| Net margin | 9.8% | 11.9% | 10.7% | |
| Return on capital employed | 24.9% | 30.3% | 20.1% | |
| Gearing (liabilities / total assets) | 44.3% | 38.7% | 30.1% | |
| Current ratio | 3.58x | 2.60x | 2.84x | |
| Interest cover | 45.30x | 31.96x | 77.25x |
Margins divide P&L lines by turnover. 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 1 time since incorporation
- DRAX POWER LIMITED 2003-12-22 → present
- DRAX OPCO LIMITED 2003-09-01 → 2003-12-22
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months after the date of signing these financial statements. Accordingly, the Directors continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “the full carrying amount of the development project of £46.2 million has been impaired due to the reduced likelihood of the project proceeding in the short to medium term.”
- “In 2025, one of the Board's key decisions was to enter into a low carbon dispatchable CfD with the UK Government for the operation of Drax Power Station beyond 2027 when current support regimes expire.”
- “The Company has commenced a significant transformation programme ("Future Focus") centred around growth, efficiency and performance culture.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 34 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNN, Rebecca | Secretary | 2026-03-19 | — | — |
| DAWES, Lee Michael | Director | 2024-08-01 | Jun 1971 | British |
| GARDINER, Dwight Daniel Willard | Director | 2016-01-01 | Jun 1964 | British,American |
| LEMMINK, Frank Hendrikus | Director | 2025-09-30 | Apr 1968 | Dutch |
| PEACOCK, Daniel Andrew | Director | 2026-03-19 | Mar 1979 | British |
| SHEFFIELD, Paul Nathan | Director | 2021-10-27 | Feb 1975 | British |
Show 34 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GLADDEN, Brett | Secretary | 2019-02-01 | 2025-12-05 |
| HUDSON, Philip John | Secretary | 2007-05-15 | 2016-06-30 |
| MACKINNON, John Roderick | Secretary | 2004-06-30 | 2004-10-18 |
| MCCALLUM, David | Secretary | 2016-07-01 | 2019-01-31 |
| PADBURY, Angela Jane | Secretary | 2003-09-04 | 2004-06-30 |
| ROTHWELL, Peter Jeffrey | Secretary | 2004-10-18 | 2007-05-15 |
| WARD, Mark Adrian | Secretary | 2003-09-01 | 2003-09-04 |
| THE COMPANY REGISTRATION AGENTS LIMITED | Corporate Nominee Secretary | 2003-09-01 | 2003-09-01 |
| BARKER, Timothy Gwynne | Director | 2004-06-30 | 2005-12-15 |
| BOYD, Gordon Alexander | Director | 2005-01-10 | 2008-08-31 |
| BROWN, Stuart James | Director | 2015-03-01 | 2017-03-31 |
| EMERY, Peter Richard | Director | 2004-06-01 | 2015-12-31 |
| GRASBY, Patrick Michael | Director | 2003-12-22 | 2005-12-15 |
| GREENSMITH, Edward Brian | Director | 2015-03-01 | 2021-04-30 |
| HORSFIELD, Gordon Christopher | Director | 2003-09-04 | 2006-09-18 |
| HUDSON, Philip John | Director | 2014-07-15 | 2015-03-01 |
| KOSS, Andrew Robert | Director | 2014-07-15 | 2020-04-07 |
| MUSE, Jean-Francois | Director | 2016-09-28 | 2016-12-12 |
| PATRICK, Michael Thomas | Director | 2017-10-18 | 2021-09-20 |
| QUINLAN, Anthony James | Director | 2008-09-01 | 2015-05-31 |
| RHODES, Charlotte Clare | Director | 2018-04-11 | 2021-02-28 |
| RIVERS, Matthew Justice | Director | 2014-07-15 | 2015-03-01 |
| SCOTT, Michael Iain | Director | 2015-05-31 | 2015-12-31 |
| SKELTON, Andrew Keith | Director | 2019-06-13 | 2025-09-30 |
| SMALL, Penelope Louise | Director | 2021-10-27 | 2024-08-01 |
| TAYLOR, Paul | Director | 2011-12-09 | 2015-12-31 |
| TAYLOR OF BLACKBURN, Thomas, Lord | Director | 2003-09-04 | 2004-06-30 |
| THOMPSON, Dorothy Carrington | Director | 2005-09-26 | 2017-12-31 |
| WARD, Mark Adrian | Director | 2003-09-01 | 2003-09-04 |
| WARREN, Helena | Director | 2003-09-01 | 2003-09-04 |
| WATTS, John Frederick | Director | 2017-07-26 | 2019-09-20 |
| WINGROVE, Gerald Langdon | Director | 2003-09-04 | 2005-04-19 |
| WOLF, Jens Price | Director | 2015-10-21 | 2019-06-30 |
| LUCIENE JAMES LIMITED | Corporate Director | 2003-09-01 | 2003-09-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Drax Smart Generation Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 223 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-26 | AA | accounts | Accounts with accounts type full | |
| 2026-06-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-18 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-08-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-17 | AA | accounts | Accounts with accounts type full | |
| 2024-05-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-02-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.