DRAKEN LEASING LIMITED

1. DRAKEN LEASING LIMITED 2020-12-07 → present
2. COBHAM LEASING LIMITED 1996-10-04 → 2020-12-07
3. WESTERN ASSET MANAGEMENT LIMITED 1994-10-04 → 1996-10-04
4. WESTERN ASSET LIMITED 1994-09-23 → 1994-10-04
5. JERMAINE TRADING LIMITED 1994-06-23 → 1994-09-23

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has sufficient cash reserves to fulfil its liabilities as they fall due for the going concern period through to 31 May 2026. In considering the going concern status of the Company, the directors have also considered the going concern position of the Draken Europe Group, as it controls the resources of the entire Group (with banking cross guarantees in place) as well as the Draken US Group to the extent it applies to guarantee arrangements in place impacting the Company (note 13).”

Significant events

• “In April 2025, the Draken US Group secured a new Term Loan of approximately $175 million and a $40 million Deferred Draw Term Loan with Oaktree Capital Management (and its affiliates and related funds), referred to as the Senior Facilities Agreement. The new Term Loan has a GBP and USD portion, with £107 million loaned directly into Draken UK Bidco Limited and the remaining $34 million into Draken International. The Deferred Draw Term Loan is available for Draken International, LLC to draw for a period of three years.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +55.6%

  £619,000 → £963,000

• Net assets

  +34%

  £729,000 → £977,000

• Employees

  —

  Not reported

• Operating profit

  +462.9%

  -£89,000 → £323,000

• Profit before tax

  +531.6%

  -£76,000 → £328,000

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