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CORONA ENERGY RETAIL 2 LIMITED
50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJCompany 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-2024Accounts 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 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY 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 - 2 | 1 (11.1%) | |
Active | Neil Trevor MITCHELL | 06 Oct 2016 | Commercial Director | British | 7 - 1 | 0 (0.0%) | |
Resigned | Justin Barnes PRICE | 06 Oct 2016 | 08 Dec 2017 | Finance Director | British | 9 - 8 | 0 (0.0%) |
Resigned | Matthew Richard GRAY | 22 Feb 2008 | 23 Apr 2018 | Company Director | British | 0 - 13 | 2 (15.4%) |
Resigned | Christian James COLES | 10 Jul 2007 | 18 Apr 2013 | Senior Trading | British | 0 - 12 | 0 (0.0%) |
Active | Paul Christian PLEWMAN | 18 May 2007 | Banker | Irish | 12 - 24 | 8 (22.2%) | |
Resigned | Simon James GRENFELL | 15 Sep 2006 | 09 Jul 2007 | Banker | Australian | 0 - 18 | 4 (22.2%) |
Resigned | Geoffrey Michael CARROLL | 15 Sep 2006 | 07 Jul 2008 | Finance | British | 0 - 8 | 0 (0.0%) |
Resigned | Benjamin PRESTON | 15 Sep 2006 | 18 May 2007 | Banker | New Zealander | 0 - 14 | 1 (7.1%) |
Resigned | Kieron Patrick FARRY | 15 Sep 2006 | 16 Feb 2009 | Sales And Marketing Director | British | 0 - 23 | 7 (30.4%) |
Resigned | Sebastian BARRACK | 15 Sep 2006 | 10 Jul 2007 | Banker | Australian | 0 - 17 | 4 (23.5%) |
Resigned | John Ashley SPELLMAN | 15 Mar 2001 | 05 Nov 2007 | Accountant | British | 2 - 19 | 5 (23.8%) |
Resigned | John Ashley SPELLMAN | 15 Mar 2001 | 05 Nov 2007 | Accountant | English | 8 - 19 | 5 (18.5%) |
Resigned | Charles John BRETTON | 15 Mar 2001 | 28 Feb 2002 | Sales Director | British | 0 - 6 | 2 (33.3%) |
Resigned | Gary David RUSSELL | 15 Mar 2001 | 06 Oct 2016 | Accountant | British | 8 - 19 | 5 (18.5%) |
Resigned | James Alexander MCINTOSH | 23 May 1997 | 13 Dec 2002 | Director | Zimbabwean | 0 - 10 | 5 (50.0%) |
Resigned | Mark Edward PETTERSON | 23 May 1997 | 01 Aug 1998 | Deputy Md | British | 8 - 32 | 9 (22.5%) |
Resigned | Nicholas Anthony CLARKE | 23 May 1997 | 02 Feb 2001 | Director | British | 12 - 16 | 5 (17.9%) |
Resigned | David Walter Nigel BIBBY | 15 Nov 1996 | 23 May 1997 | Company Director | British | 0 - 1 | 0 (0.0%) |
Resigned | Roy THOMPSON | 23 Sep 1996 | 23 May 1997 | Oil Co Executive | British | 0 - 9 | 5 (55.6%) |
Resigned | John Stephen DONAHOE | 02 Aug 1995 | 23 May 1997 | Oil Company Executive | American | 0 - 11 | 6 (54.5%) |
Resigned | John Christopher ANDREW | 31 May 1995 | 20 Sep 1996 | Administration Manager | British | 0 - 13 | 7 (53.8%) |
Resigned | Robert MCGREGOR | 15 May 1995 | 26 Jul 1996 | Head Of Marketing Sales | British | 0 - 2 | 0 (0.0%) |
Resigned | Kenneth Edward CLUNIE | 13 Aug 1993 | 23 May 1997 | Oil Co Executive | British | 0 - 3 | 1 (33.3%) |
Resigned | Roy THOMPSON | 13 Aug 1993 | 31 May 1995 | Oil Co Executive | British | 0 - 9 | 5 (55.6%) |
Resigned | David, Prof. SIGSWORTH | 13 Aug 1993 | 23 May 1997 | Manager | British | 4 - 47 | 16 (31.4%) |
Resigned | Bobby Gene BROWN | 13 Aug 1993 | 01 Aug 1995 | Oil Co Executive | American | 0 - 13 | 10 (76.9%) |
Resigned | Alan YOUNG | 09 Mar 1993 | 15 May 1995 | Company Director | British | 0 - 19 | 9 (47.4%) |
Resigned | Arnold Wadkin READ | 09 Mar 1993 | 13 Aug 1993 | Director | British | 0 - 18 | 8 (44.4%) |
Resigned | Arnold Roger Alexander YOUNG | 09 Mar 1993 | 13 Aug 1993 | Manager | British | 0 - 22 | 8 (36.4%) |
Resigned | John Bullard GRAY | 09 Mar 1993 | 23 May 1997 | Chartered Accountant | British | 0 - 19 | 6 (31.6%) |
Resigned | David HARDIE | 13 May 1992 | 09 Mar 1993 | British | 0 - 161 | 77 (47.8%) | |
Resigned | Maureen Sheila COUTTS | 13 May 1992 | 09 Mar 1993 | British | 0 - 209 | 96 (45.9%) |
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
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2016-05-13 | 2015-05-13 | 2014-05-13 | 2013-05-13 | 2012-05-13 | ||
CORONA ENERGY RETAIL 1 LIMITED | ORDINARY | 10,500,000 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 LIMITED | ORDINARY B | 1,350,000 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 LIMITED | ORDINARY A | 1,350,000 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 |