CORONA ENERGY RETAIL 2 LIMITED

50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ

Company Number: SC138299
Incorporation date: 13-May-1992
Status: Active
Entity type: Private Limited Company

SIC codes:
35230 Trade of gas through mains





SUMMARY

This company is 31.9 years old and is currently active. It is controlled by Corona Energy Retail 1 Limited. The company has positive equity (net assets) of GBP 13.5 million which has decreased from the previous year's figure of GBP 14.6 million. The latest reported revenue figure is GBP 131 million which is down -10% on the previous year. The company has 3 active officers (directors or partners) who are or were officers of 34 other companies, 8 (23.5%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: FULL (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2019 GBP 130,963,804 1,373,152 728,285 1,200,815
31-Mar-2018 GBP 144,933,671 5,210,044 557,321 4,001,416
31-Mar-2017 GBP 149,408,501 6,402,461 609,711 4,913,714
31-Mar-2016 GBP 183,215,811 3,654,291 758,523 2,768,082
31-Mar-2015 GBP 212,207,816 4,891,044 709,980 856,906 1,006,979 3,737,139
31-Mar-2014 GBP 247,270,351 5,942,366 712,008 1,068,356 1,296,519 4,289,499
31-Mar-2013 GBP 256,477,222 4,532,769 581,125 1,116,963 971,509 3,025,422
31-Mar-2012 GBP 226,117,658 2,535,209 305,972 1,098,223 466,435 1,276,523
31-Mar-2011 GBP 236,581,600 5,399,675 428,173 1,259,712 1,293,364 3,274,772
31-Mar-2010 GBP 235,339,796 9,624,408 1,711,003 2,201,549 2,571,768 6,562,094
31-Mar-2009 GBP 257,252,065 2,684,396 3,295,577 2,885,716 333,100 3,094,257
31-Mar-2008 GBP 196,218,267 3,417,141 3,084,567 3,385,744 2,012,985 3,115,964


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2019 GBP 3,654,215 49,918,646 36,512,273 13,200,000 264,289 13,464,289
31-Mar-2018 GBP 2,099,943 61,077,133 46,578,160 43,200,000 14,607,911
31-Mar-2017 GBP 2,482,745 73,963,445 59,791,910 13,200,000 1,131,495 14,331,495
31-Mar-2016 GBP 676,761 64,079,835 50,623,035 13,200,000 467,781 13,667,782
31-Mar-2015 GBP 824,444 49,240,455 35,702,758 13,200,000 599,699 13,799,699
31-Mar-2014 GBP 2,336,908 47,942,800 33,443,264 13,200,000 1,612,560 14,812,560
31-Mar-2013 GBP 7,869,626 34,423,768 13,200,000 223,061 13,423,061
31-Mar-2012 GBP 8,095,917 37,911,481 13,200,000 1,247,639 14,447,639
31-Mar-2011 GBP 4,761,681 106,725,372 13,200,000 1,971,116 15,171,416
31-Mar-2010 GBP 5,366,274 120,189,559 106,310,325 13,200,000 1,196,344 14,396,344
31-Mar-2009 GBP 2,032,064 120,641,139 113,375,021 13,200,000 -5,365,750
31-Mar-2008 GBP 1,210,154 83,951,857 79,497,917 43,200,000 -8,126,907

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2019 GBP -227.27% -30,000,000 43,200,000 13,200,000 25,322,921
31-Mar-2018 GBP 69.44% 30,000,000 13,200,000 43,200,000 25,908,656
31-Mar-2009 GBP -227.27% -30,000,000 43,200,000 13,200,000 26,578,891
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Shaheda BEGUM THOMAS 23 Nov 2018 28 Mar 2024 1 - 0
Resigned Matthew Basil D LONG 28 Mar 2017 01 Jun 2018 0 - 1
Resigned Peter Graham OLSEN 20 Nov 2008 08 Feb 2017 Solicitor British 0 - 13
Resigned Nicholas ANSBRO 11 Feb 2004 20 Nov 2008 0 - 18
Resigned Gary David RUSSELL 25 Jun 2002 11 Feb 2004 British 8 - 19
Resigned Jonathan Michael ELSTEIN 02 May 2000 25 Jun 2002 British 16 - 17
Resigned Duncan NEALE 23 May 1997 02 May 2000 0 - 5
Resigned John David SOUTHWORTH 13 Aug 1993 23 May 1997 0 - 11
Resigned Lawrence John Vincent DONNELLY 09 Mar 1993 13 Aug 1993 0 - 91
Resigned D.W. COMPANY SERVICES LIMITED 13 May 1992 09 Mar 1993 5 - 932

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Philip MORTON 08 Dec 2017 Finance Director British 7 - 21 (11.1%)
Active Neil Trevor MITCHELL 06 Oct 2016 Commercial Director British 7 - 10 (0.0%)
Resigned Justin Barnes PRICE 06 Oct 2016 08 Dec 2017 Finance Director British 9 - 80 (0.0%)
Resigned Matthew Richard GRAY 22 Feb 2008 23 Apr 2018 Company Director British 0 - 132 (15.4%)
Resigned Christian James COLES 10 Jul 2007 18 Apr 2013 Senior Trading British 0 - 120 (0.0%)
Active Paul Christian PLEWMAN 18 May 2007 Banker Irish 12 - 248 (22.2%)
Resigned Simon James GRENFELL 15 Sep 2006 09 Jul 2007 Banker Australian 0 - 184 (22.2%)
Resigned Geoffrey Michael CARROLL 15 Sep 2006 07 Jul 2008 Finance British 0 - 80 (0.0%)
Resigned Benjamin PRESTON 15 Sep 2006 18 May 2007 Banker New Zealander 0 - 141 (7.1%)
Resigned Kieron Patrick FARRY 15 Sep 2006 16 Feb 2009 Sales And Marketing Director British 0 - 237 (30.4%)
Resigned Sebastian BARRACK 15 Sep 2006 10 Jul 2007 Banker Australian 0 - 174 (23.5%)
Resigned John Ashley SPELLMAN 15 Mar 2001 05 Nov 2007 Accountant British 2 - 195 (23.8%)
Resigned John Ashley SPELLMAN 15 Mar 2001 05 Nov 2007 Accountant English 8 - 195 (18.5%)
Resigned Charles John BRETTON 15 Mar 2001 28 Feb 2002 Sales Director British 0 - 62 (33.3%)
Resigned Gary David RUSSELL 15 Mar 2001 06 Oct 2016 Accountant British 8 - 195 (18.5%)
Resigned James Alexander MCINTOSH 23 May 1997 13 Dec 2002 Director Zimbabwean 0 - 105 (50.0%)
Resigned Mark Edward PETTERSON 23 May 1997 01 Aug 1998 Deputy Md British 8 - 329 (22.5%)
Resigned Nicholas Anthony CLARKE 23 May 1997 02 Feb 2001 Director British 12 - 165 (17.9%)
Resigned David Walter Nigel BIBBY 15 Nov 1996 23 May 1997 Company Director British 0 - 10 (0.0%)
Resigned Roy THOMPSON 23 Sep 1996 23 May 1997 Oil Co Executive British 0 - 95 (55.6%)
Resigned John Stephen DONAHOE 02 Aug 1995 23 May 1997 Oil Company Executive American 0 - 116 (54.5%)
Resigned John Christopher ANDREW 31 May 1995 20 Sep 1996 Administration Manager British 0 - 137 (53.8%)
Resigned Robert MCGREGOR 15 May 1995 26 Jul 1996 Head Of Marketing Sales British 0 - 20 (0.0%)
Resigned Kenneth Edward CLUNIE 13 Aug 1993 23 May 1997 Oil Co Executive British 0 - 31 (33.3%)
Resigned Roy THOMPSON 13 Aug 1993 31 May 1995 Oil Co Executive British 0 - 95 (55.6%)
Resigned David, Prof. SIGSWORTH 13 Aug 1993 23 May 1997 Manager British 4 - 4716 (31.4%)
Resigned Bobby Gene BROWN 13 Aug 1993 01 Aug 1995 Oil Co Executive American 0 - 1310 (76.9%)
Resigned Alan YOUNG 09 Mar 1993 15 May 1995 Company Director British 0 - 199 (47.4%)
Resigned Arnold Wadkin READ 09 Mar 1993 13 Aug 1993 Director British 0 - 188 (44.4%)
Resigned Arnold Roger Alexander YOUNG 09 Mar 1993 13 Aug 1993 Manager British 0 - 228 (36.4%)
Resigned John Bullard GRAY 09 Mar 1993 23 May 1997 Chartered Accountant British 0 - 196 (31.6%)
Resigned David HARDIE 13 May 1992 09 Mar 1993 British 0 - 16177 (47.8%)
Resigned Maureen Sheila COUTTS 13 May 1992 09 Mar 1993 British 0 - 20996 (45.9%)
Number of active directors: 3
Average tenure of active directors: 10.2 years
Average tenure of resigned directors: 3.0 years
Average active director Dissolution Rate: 11.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
MACQUARIE INTERNATIONAL LIMITED (01802574) - Active
CORONA ENERGY RETAIL 3 LIMITED (02746961) - Active
CORONA ENERGY RETAIL 4 LIMITED (02798334) - Active
CORONA GAS MANAGEMENT LIMITED (02879748) - Active
MACQUARIE FINANCE (UK) LTD. (02984767) - Dissolved
CORONA ENERGY RETAIL 1 LIMITED (03241002) - Active
CORONA ENERGY LIMITED (03241012) - Active
PULSE 24 LIMITED (03425562) - Active
MACQUARIE CAPITAL (EUROPE) LIMITED (03704031) - Active
MACQUARIE INFRASTRUCTURE AND REAL ASSETS (EUROPE) LIMITED (03976881) - Active
SCALE DISTRIBUTION LTD (04019294) - Active
MACQUARIE INVESTMENTS (UK) LIMITED (04104671) - Active
MACQUARIE CORONA ENERGY HOLDINGS LIMITED (04752472) - Active
MACQUARIE COMMODITIES (UK) LIMITED (05259474) - Active
MACQUARIE GLOBAL INVESTMENTS (UK) LIMITED (05259497) - Liquidation
MACQUARIE COMMODITIES FINANCE (UK) LIMITED (05259503) - Active
ENERGY ASSETS LIMITED (05417114) - Active
MACQUARIE INVESTMENTS 1 LIMITED (05582630) - Active
MACQUARIE INVESTMENTS 2 LIMITED (05708696) - Active
MACQUARIE ROPEMAKER LIMITED (06309906) - Active
MACQUARIE HOLDINGS (UK) NO.1 LIMITED (06309919) - Active - Proposal to Strike off
CHEERYBLE DEVELOPMENTS LIMITED (06373185) - Liquidation
ENERGY ASSETS HOLDINGS LIMITED (06774476) - Liquidation
ENERGY ASSETS (METERS) LIMITED (06774507) - Liquidation
MACQUARIE FICC (UK) LIMITED (06855383) - Active
MACQUARIE COMMODITIES FACTORING HOLDINGS (UK) LIMITED (06863247) - Active
MACQUARIE TRADE & ASSET FINANCE INTERNATIONAL LIMITED (06863285) - Active
MACQUARIE AEROSPACE INVESTMENTS LIMITED (06863307) - Liquidation
CORONA ENERGY RETAIL 5 LIMITED (07545410) - Active
ENERGY ASSETS (METERS) 2 LIMITED (07679087) - Liquidation
ENERGY ASSETS GROUP LIMITED (07931804) - Active
PHIL MORTON CONSULTING LIMITED (08043630) - Dissolved
MACQUARIE INVESTMENT MANAGEMENT EUROPE LIMITED (09612439) - Active
MACQUARIE PHYSICAL COMMODITIES UK LIMITED (09995266) - Active
CORONA ENERGY RETAIL 2 LIMITED (SC138299) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-05-132015-05-132014-05-132013-05-132012-05-13
CORONA ENERGY RETAIL 1 LIMITEDORDINARY10,500,000
79.5%
10,500,000
79.5%
10,500,000
79.5%
10,500,000
79.5%
10,500,000
79.5%
CORONA ENERGY RETAIL 1 LIMITEDORDINARY B1,350,000
10.2%
1,350,000
10.2%
1,350,000
10.2%
1,350,000
10.2%
1,350,000
10.2%
CORONA ENERGY RETAIL 1 LIMITEDORDINARY A1,350,000
10.2%
1,350,000
10.2%
1,350,000
10.2%
1,350,000
10.2%
1,350,000
10.2%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

CORONA ENERGY RETAIL 2 LIMITED

no controlled companies

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-04-01 2023-09-30 16 0% 5% 77053
2022-10-01 2023-03-31 21 3% 13% 71065
2022-04-01 2022-09-30 18 2% 11% 64209
2021-04-01 2022-03-31 24 2% 5% 57926
2021-04-01 2021-09-30 22 0% 3% 51318
2020-10-01 2021-03-31 30 0% 17% 44638
2020-04-01 2020-09-30 28 0% 15% 37779
2020-04-01 2020-09-30 29 0% 12% 37785
2019-10-01 2020-03-31 3 2% 13% 30455
2019-04-01 2019-09-30 2 0% 18% 23683
2018-10-01 2019-03-31 5 1% 33% 15556
2018-04-01 2018-09-30 14 9% 32% 7538


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 35230 Trade of gas through mains)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
ORSTED SALES (UK) LIMITED 5 HOWICK PLACE, LONDON, SW1P 1WG 02405635 2017-12-31 439,663,000 -5,198,000
STORENGY UK LIMITED STUBLACH SITE, KING STREET, NORTHWICH, CHESHIRE, CW9 7SE 06311795 2017-12-31 173,722,000 -4,683,000
CORONA ENERGY RETAIL 2 LIMITED 50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ SC138299 2018-03-31 144,933,571 4,001,416
SSE AIRTRICITY GAS SUPPLY (NI) LIMITED MILLENNIUM HOUSE, 25 GREAT VICTORIA STREET, BELFAST, NORTHERN IRELAND, BT2 7AQ NI032810 2018-03-31 99,801,000 2,119,000
OPUS GAS SUPPLY LIMITED DRAX POWER STATION, SELBY, NORTH YORKSHIRE, UNITED KINGDOM, YO8 8PH 06874709 2017-12-31 83,708,000 -1,573,000
NATIONAL GRID METERING LIMITED NATIONAL GRID HOUSE WARWICK TECHNOLOGY PARK, GALLOWS HILL, WARWICK, CV34 6DA 03705992 2018-03-31 66,071,000 4,729,000
PHOENIX NATURAL GAS LIMITED 197 AIRPORT ROAD WEST, BELFAST, BT3 9ED NI032809 2017-12-31 54,138,000 -1,715,000
BOYCE-HEWITT SERVICES LIMITED 3 HILLARY CLOSE, BURTON LATIMER, KETTERING, NORTHAMPTONSHIRE, ENGLAND, NN15 5FF 07511624 2019-01-31 19,376 0
GREENWAY PLUMBING AND HEATING LIMITED 41 HENGOED CRESCENT, CEFN HENGOED, HENGOED, WALES, CF82 7HG 10551067 2019-01-31 100 0
CORONA ENERGY RETAIL 1 LIMITED BUILDING 2 LEVEL 2, CROXLEY PARK, WATFORD, UNITED KINGDOM, WD18 8YA 03241002 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
CORONA ENERGY RETAIL 2 LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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