Case Studies/Finance/DRAC GLOBAL LIMITED
In administration

DRAC GLOBAL LIMITED

DRAC GLOBAL LIMITED is tracked from The Gazette and Companies House public record. In administration proceedings were first recorded on 12 March 2026.

Key facts
Company no.12182864
SectorFinance
Incorporated30 Aug 2019
Reg. officeLiverpool L2
Appointed12 Mar 2026
Office holderLee Causer, BDO
The timeline · incorporation → liquidation
30 Aug 2019
Incorporated
Registered as 12182864. Finance.
31 Mar 2021
First accounts filed
accounts-with-accounts-type-dormant
1 Jan 2022
Board changes begin
First of the director resignations before failure.
3 Oct 2023
Charge registered
A registered charge granted to Lhv Bank Limited.
18 Oct 2023
Charge registered
A registered charge granted to Lhv Bank Limited.
19 Oct 2023
Charge registered
A registered charge granted to Rbs Invoice Finance Limited.
19 Oct 2023
Charge registered
A registered charge granted to National Westminster Bank PLC.
23 Oct 2023
Charge registered
A registered charge granted to Lhv Bank Limited.
20 Dec 2025
Latest accounts filed
accounts-with-accounts-type-group
12 Mar 2026
Administrators appointed
In administration.
12 Mar 2026
Gazette notice published
Notice 5078263 in The Gazette.
23 Mar 2026
Administrator's proposals
Administrators' statement of proposals to creditors.
23 Apr 2026
Proposals approved
Notice of deemed approval of the administrators' proposals.

What the data was telling us

Readings from The Gazette and Companies House, in the firm's final two years.

Insolvency statusAdministration
StatusIn administration
Gazette refNotice 5078263
EditionThe Gazette
Appointed byDirectors or a floating-charge holder
UnderInsolvency Act 1986, Sch. B1
Filing trajectoryLate filing
Incorporated30 Aug 2019
Last accounts20 Dec 2025
Confirmation stmtFiled
Account typeAccounts
Director stabilityBoard churn
Appointments9 since 2019
Resignations1 in final 12 mths
Active directors2
Avg tenure2.8 yrs
Charges & secured creditorsFloating charge
Charges5 registered
InstrumentA registered charge
HolderLhv Bank Limited
Registered23 Oct 2023
Statusfully-satisfied
Practitioner appointedPractitioner
PractitionerLee Causer
FirmBDO
RoleAdministrator
IP numberIP 14112
Appointed10 Mar 2026
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The full forensic report

Every charge, every filing, every appointment, in one dossier.

Director histories across related entities, the full debenture instrument, creditor estimates, and the practitioner's record on comparable cases for DRAC GLOBAL LIMITED.