viridian solar limited
viridian solar limited Company Information
Company Number
04501938
Next Accounts
Sep 2025
Shareholders
marley ltd
Group Structure
View All
Industry
Other manufacturing n.e.c.
Registered Address
68 stirling way, papworth everard, cambridge, CB23 3GY
Website
www.viridiansolar.co.ukviridian solar limited Estimated Valuation
Pomanda estimates the enterprise value of VIRIDIAN SOLAR LIMITED at £33m based on a Turnover of £28.1m and 1.17x industry multiple (adjusted for size and gross margin).
viridian solar limited Estimated Valuation
Pomanda estimates the enterprise value of VIRIDIAN SOLAR LIMITED at £51.6m based on an EBITDA of £6.6m and a 7.85x industry multiple (adjusted for size and gross margin).
viridian solar limited Estimated Valuation
Pomanda estimates the enterprise value of VIRIDIAN SOLAR LIMITED at £24.1m based on Net Assets of £11.2m and 2.14x industry multiple (adjusted for liquidity).
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Viridian Solar Limited Overview
Viridian Solar Limited is a live company located in cambridge, CB23 3GY with a Companies House number of 04501938. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in August 2002, it's largest shareholder is marley ltd with a 100% stake. Viridian Solar Limited is a mature, large sized company, Pomanda has estimated its turnover at £28.1m with rapid growth in recent years.
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Viridian Solar Limited Health Check
Pomanda's financial health check has awarded Viridian Solar Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £28.1m, make it larger than the average company (£14.1m)
£28.1m - Viridian Solar Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (6.4%)
40% - Viridian Solar Limited
6.4% - Industry AVG
Production
with a gross margin of 34%, this company has a comparable cost of product (30.2%)
34% - Viridian Solar Limited
30.2% - Industry AVG
Profitability
an operating margin of 22.7% make it more profitable than the average company (6.4%)
22.7% - Viridian Solar Limited
6.4% - Industry AVG
Employees
with 32 employees, this is below the industry average (70)
32 - Viridian Solar Limited
70 - Industry AVG
Pay Structure
on an average salary of £53.3k, the company has a higher pay structure (£42.8k)
£53.3k - Viridian Solar Limited
£42.8k - Industry AVG
Efficiency
resulting in sales per employee of £879k, this is more efficient (£185.8k)
£879k - Viridian Solar Limited
£185.8k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (53 days)
33 days - Viridian Solar Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (40 days)
11 days - Viridian Solar Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 102 days, this is more than average (68 days)
102 days - Viridian Solar Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 88 weeks, this is more cash available to meet short term requirements (12 weeks)
88 weeks - Viridian Solar Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.5%, this is a lower level of debt than the average (47.7%)
23.5% - Viridian Solar Limited
47.7% - Industry AVG
VIRIDIAN SOLAR LIMITED financials
Viridian Solar Limited's latest turnover from December 2023 is £28.1 million and the company has net assets of £11.2 million. According to their latest financial statements, Viridian Solar Limited has 32 employees and maintains cash reserves of £5.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,129,209 | 27,044,373 | 17,766,851 | 10,285,588 | 4,039,108 | 3,215,158 | |||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 18,570,386 | 22,061,130 | 14,943,821 | 8,152,284 | 2,568,650 | 1,972,057 | |||||||||
| Gross Profit | 9,558,823 | 4,983,243 | 2,823,030 | 2,133,304 | 1,470,458 | 1,243,101 | |||||||||
| Admin Expenses | 3,162,952 | 1,958,187 | 2,084,829 | 1,267,519 | 1,186,039 | 890,382 | |||||||||
| Operating Profit | 6,395,871 | 3,025,056 | 738,201 | 865,785 | 284,419 | 352,719 | |||||||||
| Interest Payable | 257,573 | 192,681 | 58,013 | 54,413 | 37 | 55 | |||||||||
| Interest Receivable | 26,899 | 863 | 3,257 | 4 | |||||||||||
| Pre-Tax Profit | 6,165,197 | 2,832,375 | 681,051 | 814,629 | 284,456 | 352,770 | |||||||||
| Tax | -1,446,810 | -546,953 | 142,946 | -134,830 | -12 | 16,693 | |||||||||
| Profit After Tax | 4,718,387 | 2,285,422 | 823,997 | 679,799 | 284,444 | 369,463 | |||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 4,718,387 | 2,285,422 | 823,997 | 679,799 | 284,444 | 369,463 | |||||||||
| Employee Costs | 1,706,408 | 1,144,701 | 1,078,412 | 777,617 | |||||||||||
| Number Of Employees | 32 | 24 | 22 | 15 | 11 | 9 | 9 | 12 | 20 | ||||||
| EBITDA* | 6,581,589 | 3,269,586 | 878,536 | 890,533 | 381,422 | 427,563 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 387,756 | 443,791 | 643,397 | 695,056 | 36,323 | 6,833 | 13,570 | 32,484 | 41,605 | 58,330 | 52,917 | 103,850 | 197,478 | 234,334 | 213,569 |
| Intangible Assets | 476,908 | 447,123 | |||||||||||||
| Investments & Other | 88 | 88 | 88 | 88 | 1 | 1 | |||||||||
| Debtors (Due After 1 year) | 123,064 | ||||||||||||||
| Total Fixed Assets | 864,752 | 891,002 | 766,549 | 695,144 | 36,323 | 6,833 | 13,570 | 32,485 | 41,606 | 58,330 | 52,917 | 103,850 | 197,478 | 234,334 | 213,569 |
| Stock & work in progress | 5,212,040 | 5,762,425 | 3,063,928 | 1,166,930 | 848,468 | 782,606 | 1,088,719 | 824,716 | 919,790 | 682,311 | 512,675 | 518,811 | 845,287 | 662,639 | 378,439 |
| Trade Debtors | 2,575,058 | 3,174,622 | 2,380,373 | 1,954,434 | 1,332,420 | 413,076 | 582,760 | 282,586 | 393,866 | 281,840 | 307,132 | 433,102 | 524,899 | 423,217 | 378,809 |
| Group Debtors | 545,818 | 445,924 | 442,063 | 135,444 | |||||||||||
| Misc Debtors | 273,382 | 1,193,640 | 1,634,220 | 236,214 | 197,000 | 136,699 | 85,964 | 83,109 | 54,273 | 76,970 | |||||
| Cash | 5,226,197 | 5,829,018 | 1,339,987 | 2,110,064 | 1,500,147 | 954,612 | 451,019 | 152,180 | 74,949 | 256,738 | 210,268 | 193,420 | 180,804 | 103,599 | 86,698 |
| misc current assets | |||||||||||||||
| total current assets | 13,832,495 | 16,405,629 | 8,860,571 | 5,603,086 | 3,878,035 | 2,286,993 | 2,208,462 | 1,342,591 | 1,442,878 | 1,220,889 | 1,030,075 | 1,145,333 | 1,550,990 | 1,266,425 | 843,946 |
| total assets | 14,697,247 | 17,296,631 | 9,627,120 | 6,298,230 | 3,914,358 | 2,293,826 | 2,222,032 | 1,375,076 | 1,484,484 | 1,279,219 | 1,082,992 | 1,249,183 | 1,748,468 | 1,500,759 | 1,057,515 |
| Bank overdraft | |||||||||||||||
| Bank loan | 156,000 | ||||||||||||||
| Trade Creditors | 589,326 | 896,444 | 573,126 | 584,179 | 944,412 | 355,144 | 657,623 | 308,285 | 463,904 | 378,404 | 308,853 | 303,117 | 486,249 | 429,257 | 430,686 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 9,430 | 82,641 | 11,619 | ||||||||||||
| hp & lease commitments | 128,401 | 93,564 | 92,824 | 82,344 | 616 | 9,093 | 3,671 | 3,359 | |||||||
| other current liabilities | 2,357,210 | 2,813,249 | 2,127,123 | 740,943 | 440,959 | 186,426 | 69,271 | 23,751 | 97,301 | 52,287 | |||||
| total current liabilities | 3,084,367 | 3,885,898 | 2,804,692 | 1,563,466 | 1,385,987 | 550,663 | 730,565 | 335,395 | 561,205 | 378,404 | 308,853 | 303,117 | 486,249 | 481,544 | 430,686 |
| loans | 6,437,294 | 2,024,000 | 1,014,000 | 14,021 | 13,746 | 802,962 | 773,006 | 773,045 | 813,161 | 854,601 | 831,678 | ||||
| hp & lease commitments | 331,457 | 447,541 | 521,510 | 564,383 | 616 | 9,709 | 13,379 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 1,071,401 | 974,133 | |||||||||||||
| provisions | 32,586 | 46,199 | 19,882 | 4,054 | |||||||||||
| total long term liabilities | 364,043 | 6,931,034 | 2,545,510 | 1,598,265 | 4,054 | 616 | 9,709 | 1,098,801 | 987,879 | 802,962 | 773,006 | 773,045 | 813,161 | 854,601 | 831,678 |
| total liabilities | 3,448,410 | 10,816,932 | 5,350,202 | 3,161,731 | 1,390,041 | 551,279 | 740,274 | 1,434,196 | 1,549,084 | 1,181,366 | 1,081,859 | 1,076,162 | 1,299,410 | 1,336,145 | 1,262,364 |
| net assets | 11,248,837 | 6,479,699 | 4,276,918 | 3,136,499 | 2,524,317 | 1,742,547 | 1,481,758 | -59,120 | -64,600 | 97,853 | 1,133 | 173,021 | 449,058 | 164,614 | -204,849 |
| total shareholders funds | 11,248,837 | 6,479,699 | 4,276,918 | 3,136,499 | 2,524,317 | 1,742,547 | 1,481,758 | -59,120 | -64,600 | 97,853 | 1,133 | 173,021 | 449,058 | 164,614 | -204,849 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 6,395,871 | 3,025,056 | 738,201 | 865,785 | 284,419 | 352,719 | |||||||||
| Depreciation | 89,869 | 165,528 | 140,335 | 24,748 | 8,957 | 12,077 | 18,865 | 35,634 | 32,990 | 36,536 | 57,136 | 94,398 | 97,003 | 74,844 | 47,961 |
| Amortisation | 95,849 | 79,002 | |||||||||||||
| Tax | -1,446,810 | -546,953 | 142,946 | -134,830 | -12 | 16,693 | |||||||||
| Stock | -550,385 | 2,698,497 | 1,896,998 | 318,462 | 65,862 | -306,113 | 264,003 | -95,074 | 237,479 | 169,636 | -6,136 | -326,476 | 182,648 | 284,200 | 378,439 |
| Debtors | -1,419,928 | 234,466 | 2,253,628 | 796,672 | 979,645 | -118,949 | 303,029 | -82,444 | 166,299 | -25,292 | -125,970 | -91,797 | 24,712 | 121,378 | 378,809 |
| Creditors | -307,118 | 323,318 | -11,053 | -360,233 | 589,268 | -302,479 | 349,338 | -155,619 | 85,500 | 69,551 | 5,736 | -183,132 | 56,992 | -1,429 | 430,686 |
| Accruals and Deferred Income | -456,039 | 686,126 | 1,386,180 | 299,984 | 254,533 | 117,155 | 45,520 | -73,550 | 97,301 | -52,287 | 52,287 | ||||
| Deferred Taxes & Provisions | -13,613 | 46,199 | -19,882 | 15,828 | 4,054 | ||||||||||
| Cash flow from operations | 6,328,322 | 845,313 | -1,773,899 | -403,852 | 178,755 | 89,536 | |||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 88 | -1 | 1 | ||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -156,000 | 156,000 | |||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -73,211 | 71,022 | 11,619 | ||||||||||||
| Long term loans | -6,437,294 | 4,413,294 | 1,010,000 | 1,014,000 | -14,021 | 275 | -789,216 | 29,956 | -39 | -40,116 | -41,440 | 22,923 | 831,678 | ||
| Hire Purchase and Lease Commitments | -81,247 | -73,229 | -32,393 | 646,111 | -9,093 | -3,671 | -3,358 | 16,738 | |||||||
| other long term liabilities | -1,071,401 | 97,268 | 974,133 | ||||||||||||
| share issue | |||||||||||||||
| interest | -230,674 | -192,681 | -57,150 | -51,156 | -37 | -51 | |||||||||
| cash flow from financing | -6,771,675 | 4,135,765 | 1,092,498 | 1,697,338 | -41,477 | 22,872 | |||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -602,821 | 4,489,031 | -770,077 | 609,917 | 545,535 | 503,593 | 298,839 | 77,231 | -181,789 | 46,470 | 16,848 | 12,616 | 77,205 | 16,901 | 86,698 |
| overdraft | |||||||||||||||
| change in cash | -602,821 | 4,489,031 | -770,077 | 609,917 | 545,535 | 503,593 | 298,839 | 77,231 | -181,789 | 46,470 | 16,848 | 12,616 | 77,205 | 16,901 | 86,698 |
viridian solar limited Credit Report and Business Information
Viridian Solar Limited Competitor Analysis
Perform a competitor analysis for viridian solar limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in CB23 area or any other competitors across 12 key performance metrics.
viridian solar limited Ownership
VIRIDIAN SOLAR LIMITED group structure
Viridian Solar Limited has no subsidiary companies.
Ultimate parent company
INFLEXION BUYOUT FUND V GP GUERNSEY LTD
#0110115
2 parents
VIRIDIAN SOLAR LIMITED
04501938
viridian solar limited directors
Viridian Solar Limited currently has 4 directors. The longest serving directors include Mr Justin Lockwood (May 2022) and Mr Matthew Pullen (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Justin Lockwood | England | 55 years | May 2022 | - | Director |
| Mr Matthew Pullen | England | 56 years | Mar 2024 | - | Director |
| Mr Simon Bourne | England | 51 years | May 2024 | - | Director |
| Mr Stuart Elmes | England | 53 years | May 2024 | - | Director |
P&L
December 2023turnover
28.1m
+4%
operating profit
6.4m
+111%
gross margin
34%
+84.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.2m
+0.74%
total assets
14.7m
-0.15%
cash
5.2m
-0.1%
net assets
Total assets minus all liabilities
Similar Companies
viridian solar limited company details
company number
04501938
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
August 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
viridian concepts limited (September 2021)
tayvin 294 limited (March 2003)
accountant
-
auditor
DELOITTE LLP
address
68 stirling way, papworth everard, cambridge, CB23 3GY
Bank
BARCLAYS BANK PLC
Legal Advisor
-
viridian solar 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 found 3 charges/mortgages relating to viridian solar limited. Currently there are 0 open charges and 3 have been satisfied in the past.
viridian solar limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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viridian solar limited Companies House Filings - See Documents
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