solarex limited
solarex limited Company Information
Company Number
01519356
Website
solarexindia.comRegistered Address
5 hanover square, london, W1S 1HE
Industry
Development of building projects
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
George Kangis4 Years
Shareholders
filippos lemos 100%
solarex limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAREX LIMITED at £144.9k based on a Turnover of £274.3k and 0.53x industry multiple (adjusted for size and gross margin).
solarex limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAREX LIMITED at £0 based on an EBITDA of £-141.3k and a 4.01x industry multiple (adjusted for size and gross margin).
solarex limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAREX LIMITED at £1.4m based on Net Assets of £914.1k and 1.55x industry multiple (adjusted for liquidity).
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Solarex Limited Overview
Solarex Limited is a live company located in london, W1S 1HE with a Companies House number of 01519356. It operates in the development of building projects sector, SIC Code 41100. Founded in September 1980, it's largest shareholder is filippos lemos with a 100% stake. Solarex Limited is a mature, micro sized company, Pomanda has estimated its turnover at £274.3k with declining growth in recent years.
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Solarex Limited Health Check
Pomanda's financial health check has awarded Solarex Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
4 Weak
Size
annual sales of £274.3k, make it smaller than the average company (£2.1m)
- Solarex Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2.1%)
- Solarex Limited
2.1% - Industry AVG
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- Solarex Limited
25.9% - Industry AVG
Profitability
an operating margin of -51.5% make it less profitable than the average company (8.6%)
- Solarex Limited
8.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Solarex Limited
6 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)
- Solarex Limited
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £274.3k, this is equally as efficient (£274.3k)
- Solarex Limited
£274.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Solarex Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Solarex Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Solarex Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (13 weeks)
46 weeks - Solarex Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.1%, this is a similar level of debt than the average (74.6%)
81.1% - Solarex Limited
74.6% - Industry AVG
SOLAREX LIMITED financials
Solarex Limited's latest turnover from March 2023 is estimated at £274.3 thousand and the company has net assets of £914.1 thousand. According to their latest financial statements, Solarex Limited has 1 employee and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 55,524 | |||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 47,808 | |||||||||||||
| Interest Payable | 0 | |||||||||||||
| Interest Receivable | 0 | |||||||||||||
| Pre-Tax Profit | 47,808 | |||||||||||||
| Tax | -21,796 | |||||||||||||
| Profit After Tax | 26,012 | |||||||||||||
| Dividends Paid | 0 | |||||||||||||
| Retained Profit | 26,012 | |||||||||||||
| Employee Costs | 0 | |||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | |||||||||
| EBITDA* | 47,808 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 1,559,066 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 0 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 | 1,559,066 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,397 | 2,083 | 0 | 835 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 228 | 0 | 144 | 2,083 | 3,091 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,276,622 | 1,105 | 488 | 758 | 732 | 746 | 5,052 | 531 | 687 | 310 | 310 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,276,622 | 1,105 | 488 | 986 | 960 | 890 | 7,135 | 3,622 | 3,084 | 2,393 | 310 | 835 | 0 | 0 |
| total assets | 4,835,688 | 1,560,171 | 1,559,554 | 1,560,052 | 1,560,026 | 1,559,956 | 1,566,201 | 1,562,688 | 1,562,150 | 1,561,459 | 1,559,376 | 1,559,901 | 1,559,066 | 1,559,066 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 409,506 | 354,403 | 366,483 | 388,378 | 415,846 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 236,788 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 405,159 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,697,976 | 350,838 | 328,999 | 74,221 | 0 | 354,603 | 383,840 | 402,699 | 0 | 0 | 0 | 0 | 0 | 33,333 |
| total current liabilities | 3,697,976 | 350,838 | 328,999 | 311,009 | 326,603 | 354,603 | 383,840 | 402,699 | 409,506 | 354,403 | 366,483 | 388,378 | 415,846 | 438,492 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 223,566 | 223,566 | 223,566 | 223,566 | 0 | 223,566 | 223,566 | 223,566 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 223,566 | 223,566 | 223,566 | 223,566 | 223,566 | 223,566 | 223,566 | 223,566 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,921,542 | 574,404 | 552,565 | 534,575 | 550,169 | 578,169 | 607,406 | 626,265 | 409,506 | 354,403 | 366,483 | 388,378 | 415,846 | 438,492 |
| net assets | 914,146 | 985,767 | 1,006,989 | 1,025,477 | 1,009,857 | 981,787 | 958,795 | 936,423 | 1,152,644 | 1,207,056 | 1,192,893 | 1,171,523 | 1,143,220 | 1,120,574 |
| total shareholders funds | 914,146 | 985,767 | 1,006,989 | 1,025,477 | 1,009,857 | 981,787 | 958,795 | 936,423 | 1,152,644 | 1,207,056 | 1,192,893 | 1,171,523 | 1,143,220 | 1,120,574 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 47,808 | |||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -21,796 | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | -228 | 228 | -144 | -1,939 | -1,008 | 694 | 314 | 2,083 | -835 | 835 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -409,506 | 55,103 | -12,080 | -21,895 | -27,468 | 415,846 | 0 |
| Accruals and Deferred Income | 3,347,138 | 21,839 | 254,778 | 74,221 | -354,603 | -29,237 | -18,859 | 402,699 | 0 | 0 | 0 | 0 | -33,333 | 33,333 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 223,566 | -223,566 | 0 | 0 | 223,566 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 59,345 | |||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 1,559,066 | -1,559,066 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,559,066 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -236,788 | 236,788 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -405,159 | 405,159 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | |||||||||||||
| cash flow from financing | 1,499,721 | |||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 3,275,517 | 617 | -270 | 26 | -14 | -4,306 | 4,521 | -156 | 377 | 0 | 310 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,275,517 | 617 | -270 | 26 | -14 | -4,306 | 4,521 | -156 | 377 | 0 | 310 | 0 | 0 | 0 |
solarex limited Credit Report and Business Information
Solarex Limited Competitor Analysis
Perform a competitor analysis for solarex limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in W1S area or any other competitors across 12 key performance metrics.
solarex limited Ownership
SOLAREX LIMITED group structure
Solarex Limited has no subsidiary companies.
Ultimate parent company
SOLAREX LIMITED
01519356
solarex limited directors
Solarex Limited currently has 1 director, Mr George Kangis serving since Jun 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr George Kangis | 52 years | Jun 2020 | - | Director |
P&L
March 2023turnover
274.3k
-1%
operating profit
-141.3k
0%
gross margin
25.9%
+9.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
914.1k
-0.07%
total assets
4.8m
+2.1%
cash
3.3m
+2964.27%
net assets
Total assets minus all liabilities
Similar Companies
solarex limited company details
company number
01519356
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
September 1980
age
44
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
woyhoris limited (December 1981)
accountant
AZETS
auditor
-
address
5 hanover square, london, W1S 1HE
Bank
-
Legal Advisor
-
solarex limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to solarex limited.
solarex limited Companies House Filings - See Documents
| date | description | view/download |
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