DRAX FINCO PLC
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£1.5m
-64.5% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Industrials 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 | — | — | — | — | |
| Operating profit | £639,000 | £4,147,000 | — | — | |
| Profit before tax | £639,000 | £4,147,000 | £1,474,000 | -64.5% | |
| Net profit | £489,000 | £3,111,000 | £1,105,000 | -64.5% | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | — | £325,527,000 | £343,557,000 | +5.5% | |
| Net assets | £32,867,000 | £35,978,000 | — | — | |
| Equity | £32,867,000 | £35,978,000 | — | — | |
| Average employees | 0 | 0 | — | — | |
| 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | — | 1.3% | — | |
| Current ratio | 2.85x | — | — | |
| Interest cover | 0.02x | 0.16x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “One director received £200,000 regarding payments for loss of office.”
- “In May 2024, the Company completed a tender offer on €106.2 million of the principal of the EUR fixed rate loan notes due to mature in 2025 at 97.875% of the principal value (€103.9 million).”
- “In October 2025, the remaining €143.8 million outstanding principal of the 2.625% EUR loan notes was repaid.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNN, Rebecca | Secretary | 2026-03-10 | — | — |
| BROOK, Daniel Oliver | Director | 2022-11-11 | Sep 1984 | British |
| GARDINER, Dwight Daniel Willard | Director | 2017-03-10 | Jun 1964 | British,American |
| LEMMINK, Frank Hendrikus | Director | 2025-09-30 | Apr 1968 | Dutch |
| PEACOCK, Daniel Andrew | Director | 2026-03-19 | Mar 1979 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BERGER, Hillary | Secretary | 2025-12-05 | 2026-03-10 |
| GLADDEN, Brett | Secretary | 2019-02-01 | 2025-12-05 |
| MCCALLUM, David | Secretary | 2017-03-10 | 2019-01-31 |
| KING, Christopher Gordon | Director | 2017-03-10 | 2022-11-11 |
| KOSS, Andrew Robert | Director | 2017-03-10 | 2020-04-07 |
| SKELTON, Andrew Keith | Director | 2019-06-13 | 2025-09-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Drax Group Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-03-10 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-10 | AA | accounts | Accounts with accounts type full | |
| 2026-06-05 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-23 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2026-03-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-12-17 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-12-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-07-04 | AA | accounts | Accounts with accounts type full | |
| 2025-05-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-09 | AA | accounts | Accounts with accounts type full | |
| 2024-05-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 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 | |
| 2023-07-14 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 3
- Officers resigned
- 3
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.