DRAX ENERGY SOLUTIONS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-03 (in 3mo)
Last made up 2025-07-20
Watchouts
None on the register
Cash
£7M
+87.4% vs 2023
Net assets
£183M
+43.7% vs 2023
Employees
405
+1.8% vs 2023
Profit before tax
£78M
-12.5% vs 2023
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £4,191,742,000 | £3,360,653,000 | |
| Operating profit | £82,036,000 | £62,029,000 | |
| Profit before tax | £88,792,000 | £77,693,000 | |
| Net profit | £67,835,000 | £55,362,000 | |
| Cash | £3,729,000 | £6,987,000 | |
| Total assets less current liabilities | £129,321,000 | £184,360,000 | |
| Net assets | £127,587,000 | £183,370,000 | |
| Equity | £127,587,000 | £183,370,000 | |
| Average employees | 398 | 405 | |
| Wages | £17,513,000 | £20,686,000 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-19.8%
£4,191,742,000 £3,360,653,000
-
Cash
+87.4%
£3,729,000 £6,987,000
-
Net assets
+43.7%
£127,587,000 £183,370,000
-
Employees
+1.8%
398 405
-
Operating profit
-24.4%
£82,036,000 £62,029,000
-
Profit before tax
-12.5%
£88,792,000 £77,693,000
-
Wages
+18.1%
£17,513,000 £20,686,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 2.0% | 1.8% | |
| Net margin | 1.6% | 1.6% | |
| Return on capital employed | 63.4% | 33.6% | |
| Current ratio | 1.14x | 1.21x | |
| Interest cover | 3155.23x | 329.94x |
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 ENERGY SOLUTIONS LIMITED 2021-08-31 → present
- HAVEN POWER LIMITED 2006-08-02 → 2021-08-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have confirmed by way of a letter of support from Drax Group Holdings Limited, that they will continue to be part of the group cash pool arrangements to enable the Company to meet its working capital requirements for at least 12 months from the date of signing these financial statements, and to invest in the people and systems required for future growth; on this basis, the Directors consider the Company to be a going concern.”
Group structure
- DRAX ENERGY SOLUTIONS LIMITED · parent
- BMM Energy Solutions Limited 100%
Significant events
- “In 2023, other operating income of £13,703,000 was recognised in respect of the settlement of a claim against a supplier for damages caused by the supplier's misrepresentation and failure to perform under a contract for delivery of a billing system, net of legal costs.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 24 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUNN, Rebecca | Secretary | 2026-03-19 | — | — |
| GARDINER, Dwight Daniel Willard | Director | 2016-01-01 | Jun 1964 | British,American |
| LEMMINK, Frank Hendrikus | Director | 2025-10-03 | Apr 1968 | Dutch |
| PEACOCK, Daniel Andrew | Director | 2026-03-19 | Mar 1979 | British |
| SHEFFIELD, Paul Nathan | Director | 2017-06-12 | Feb 1975 | British |
Show 24 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GLADDEN, Brett | Secretary | 2019-02-01 | 2025-12-05 |
| HUDSON, Philip John | Secretary | 2009-03-06 | 2016-06-30 |
| LLEWELLYN, Paul | Secretary | 2006-08-02 | 2008-05-22 |
| MANUEL, Melanie Jane Kincaid | Secretary | 2008-05-22 | 2009-03-06 |
| MCCALLUM, David | Secretary | 2016-07-01 | 2019-01-31 |
| BENNELL, Peter Raymond | Director | 2006-08-02 | 2016-09-09 |
| EMERY, Peter Richard | Director | 2009-03-06 | 2010-01-21 |
| FOSTER, Stephen Edmund | Director | 2006-10-13 | 2008-09-16 |
| FRASER, Alastair Douglas | Director | 2008-09-16 | 2009-03-06 |
| GOULTON, Carl | Director | 2018-01-17 | 2020-03-31 |
| HARRISON, Christopher John | Director | 2009-03-06 | 2010-08-01 |
| HUDSON, Philip John | Director | 2011-06-13 | 2016-06-30 |
| HUDSON, Philip John | Director | 2010-01-21 | 2011-01-20 |
| HUGHES, Grahame James | Director | 2006-08-02 | 2010-06-30 |
| KEMSLEY, Rachel Clare | Director | 2010-08-01 | 2018-01-17 |
| KINI, Jonathan Anantha | Director | 2016-01-13 | 2019-09-04 |
| KOSS, Andrew Robert | Director | 2011-01-20 | 2020-04-07 |
| LAMBIE, Alexander Scott | Director | 2006-10-13 | 2009-03-06 |
| MORTON, Stuart Harris | Director | 2006-08-02 | 2010-06-30 |
| QUINLAN, Anthony James | Director | 2011-06-13 | 2015-05-31 |
| SHED, Frank Richard | Director | 2008-02-07 | 2009-03-06 |
| SKELTON, Andrew Keith | Director | 2019-06-13 | 2025-10-03 |
| TAYLOR, Paul | Director | 2009-03-06 | 2015-12-31 |
| THOMPSON, Dorothy Carrington | Director | 2011-06-13 | 2017-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Drax Corporate Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-16 | Ceased 2017-05-16 |
| Drax Smart Supply Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-16 | Active |
| Drax Power Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-05-16 |
Filing timeline
Last 20 of 154 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 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 | |
| 2025-10-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-10-10 | 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 | |
| 2024-08-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-01 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-07 | 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 | |
| 2023-07-21 | AA | accounts | Accounts with accounts type full | |
| 2022-12-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-08-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-22 | MR04 | mortgage | Mortgage satisfy charge full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- 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.