solar income and growth limited
solar income and growth limited Company Information
Company Number
08430843
Next Accounts
Sep 2025
Shareholders
the wallace discretionary trust
mnl nominees limited
View AllGroup Structure
View All
Industry
Production of electricity
Registered Address
level 4 ldn:w, 3 noble street, london, EC2V 7EE
Website
www.armstrongcapital.co.uksolar income and growth limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAR INCOME AND GROWTH LIMITED at £13.3m based on a Turnover of £6.2m and 2.15x industry multiple (adjusted for size and gross margin).
solar income and growth limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAR INCOME AND GROWTH LIMITED at £27m based on an EBITDA of £4.4m and a 6.12x industry multiple (adjusted for size and gross margin).
solar income and growth limited Estimated Valuation
Pomanda estimates the enterprise value of SOLAR INCOME AND GROWTH LIMITED at £31.6m based on Net Assets of £12m and 2.63x industry multiple (adjusted for liquidity).
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Solar Income And Growth Limited Overview
Solar Income And Growth Limited is a live company located in london, EC2V 7EE with a Companies House number of 08430843. It operates in the production of electricity sector, SIC Code 35110. Founded in March 2013, it's largest shareholder is the wallace discretionary trust with a 9.2% stake. Solar Income And Growth Limited is a established, mid sized company, Pomanda has estimated its turnover at £6.2m with declining growth in recent years.
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Solar Income And Growth Limited Health Check
Pomanda's financial health check has awarded Solar Income And Growth Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £6.2m, make it larger than the average company (£1.8m)
£6.2m - Solar Income And Growth Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -71%, show it is growing at a slower rate (10.8%)
- Solar Income And Growth Limited
10.8% - Industry AVG
Production
with a gross margin of 77.4%, this company has a comparable cost of product (71%)
77.4% - Solar Income And Growth Limited
71% - Industry AVG
Profitability
an operating margin of 18.6% make it less profitable than the average company (51.1%)
18.6% - Solar Income And Growth Limited
51.1% - Industry AVG
Employees
with 14 employees, this is above the industry average (3)
- Solar Income And Growth Limited
3 - Industry AVG
Pay Structure
on an average salary of £2k, the company has a lower pay structure (£78.6k)
- Solar Income And Growth Limited
£78.6k - Industry AVG
Efficiency
resulting in sales per employee of £440.3k, this is equally as efficient (£449.6k)
- Solar Income And Growth Limited
£449.6k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (16 days)
0 days - Solar Income And Growth Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (21 days)
8 days - Solar Income And Growth Limited
21 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (17 days)
6 days - Solar Income And Growth Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (9 weeks)
28 weeks - Solar Income And Growth Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78%, this is a lower level of debt than the average (90%)
78% - Solar Income And Growth Limited
90% - Industry AVG
SOLAR INCOME AND GROWTH LIMITED financials
Solar Income And Growth Limited's latest turnover from December 2023 is £6.2 million and the company has net assets of £12 million. According to their latest financial statements, we estimate that Solar Income And Growth Limited has 14 employees and maintains cash reserves of £5.4 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,164,000 | 5,558,000 | 4,918,000 | ||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 1,395,000 | 1,323,000 | 1,378,000 | ||||||||
| Gross Profit | 4,769,000 | 4,235,000 | 3,540,000 | ||||||||
| Admin Expenses | 3,620,000 | 3,291,000 | 2,389,000 | 27,328 | 63,927 | 39,444 | |||||
| Operating Profit | 1,149,000 | 944,000 | 1,151,000 | -27,328 | -63,927 | -39,444 | |||||
| Interest Payable | 2,933,000 | 4,145,000 | 2,302,000 | 801,380 | 888,164 | 1,018,510 | |||||
| Interest Receivable | 68 | 40 | |||||||||
| Pre-Tax Profit | -1,784,000 | -3,201,000 | -1,151,000 | -828,708 | -952,023 | -1,057,914 | |||||
| Tax | 832,000 | 325,000 | -646,000 | ||||||||
| Profit After Tax | -952,000 | -2,876,000 | -1,797,000 | -828,708 | -952,023 | -1,057,914 | |||||
| Dividends Paid | 366,000 | 334,000 | 367,000 | 432,931 | 467,064 | ||||||
| Retained Profit | -1,318,000 | -3,210,000 | -2,164,000 | -1,261,639 | -1,419,087 | -1,057,914 | |||||
| Employee Costs | 28,000 | 22,000 | 19,000 | ||||||||
| Number Of Employees | 4 | ||||||||||
| EBITDA* | 4,412,000 | 944,000 | 1,151,000 | -27,328 | -63,927 | -39,444 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 47,554,000 | 46,267,000 | 40,000 | 200,000 | 428,179 | 293,601 | |||||
| Intangible Assets | |||||||||||
| Investments & Other | 42,317,000 | 200,000 | 200,000 | 200,000 | 200,000 | 3,106,317 | 864,910 | ||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 47,554,000 | 46,267,000 | 42,317,000 | 40,000 | 200,000 | 200,000 | 200,000 | 200,000 | 200,000 | 3,534,496 | 1,158,511 |
| Stock & work in progress | 24,000 | 59,000 | 56,000 | 210,305 | |||||||
| Trade Debtors | 8,000 | 33,000 | 45,000 | 21,631,556 | 25,047,827 | 5,229 | 10,007 | 63,403 | 121,015 | ||
| Group Debtors | 26,936,917 | 27,569,967 | 25,949,897 | ||||||||
| Misc Debtors | 1,581,000 | 1,667,000 | 1,538,000 | 3,830 | 10,901 | 36,053 | 28,800,446 | ||||
| Cash | 5,379,000 | 5,116,000 | 3,511,000 | 235,784 | 96,533 | 14,923 | 539,779 | 708,299 | 815,482 | 5,229 | 445,584 |
| misc current assets | |||||||||||
| total current assets | 6,992,000 | 6,875,000 | 5,150,000 | 21,867,340 | 25,144,360 | 26,960,899 | 28,130,654 | 26,694,249 | 29,615,928 | 68,632 | 776,904 |
| total assets | 54,546,000 | 53,142,000 | 47,467,000 | 21,907,340 | 25,344,360 | 27,160,899 | 28,330,654 | 26,894,249 | 29,815,928 | 3,603,128 | 1,935,415 |
| Bank overdraft | |||||||||||
| Bank loan | 2,465,000 | 2,484,000 | |||||||||
| Trade Creditors | 32,000 | 32,000 | 93,000 | 4,690,373 | 9,337,713 | 22,260 | 3,616 | 156,868 | 16,359 | ||
| Group/Directors Accounts | |||||||||||
| other short term finances | 6,802,000 | 2,313,000 | 8,838,000 | 9,770,159 | 10,559,889 | 8,610,701 | |||||
| hp & lease commitments | |||||||||||
| other current liabilities | 465,000 | 1,212,000 | 282,000 | 16,500 | 107,626 | 8,038 | 11,230,191 | ||||
| total current liabilities | 9,764,000 | 6,041,000 | 9,213,000 | 4,690,373 | 9,337,713 | 9,808,919 | 10,671,131 | 8,618,739 | 11,230,191 | 156,868 | 16,359 |
| loans | 24,435,000 | 29,820,000 | 24,951,000 | ||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 2,929,742 | ||||||||||
| provisions | 8,329,000 | 7,893,000 | 7,028,000 | ||||||||
| total long term liabilities | 32,764,000 | 37,713,000 | 31,979,000 | 2,929,742 | |||||||
| total liabilities | 42,528,000 | 43,754,000 | 41,192,000 | 7,620,115 | 9,337,713 | 9,808,919 | 10,671,131 | 8,618,739 | 11,230,191 | 156,868 | 16,359 |
| net assets | 12,018,000 | 9,388,000 | 6,275,000 | 14,287,225 | 16,006,647 | 17,351,980 | 17,659,523 | 18,275,510 | 18,585,737 | 3,446,260 | 1,919,056 |
| total shareholders funds | 12,018,000 | 9,388,000 | 6,275,000 | 14,287,225 | 16,006,647 | 17,351,980 | 17,659,523 | 18,275,510 | 18,585,737 | 3,446,260 | 1,919,056 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 1,149,000 | 944,000 | 1,151,000 | -27,328 | -63,927 | -39,444 | |||||
| Depreciation | 3,263,000 | 10,236 | 1,885 | ||||||||
| Amortisation | |||||||||||
| Tax | 832,000 | 325,000 | -646,000 | ||||||||
| Stock | -35,000 | 3,000 | 56,000 | -210,305 | 210,305 | ||||||
| Debtors | -111,000 | 117,000 | -20,048,556 | -3,416,271 | -1,898,149 | -644,899 | 1,604,925 | -2,814,496 | 28,737,043 | -57,612 | 121,015 |
| Creditors | -61,000 | -4,597,373 | -4,647,340 | 9,315,453 | 18,644 | 3,616 | -156,868 | 140,509 | 16,359 | ||
| Accruals and Deferred Income | -747,000 | 930,000 | 282,000 | -16,500 | -91,126 | 99,588 | -11,222,153 | 11,230,191 | |||
| Deferred Taxes & Provisions | 436,000 | 865,000 | 7,028,000 | ||||||||
| Cash flow from operations | 5,079,000 | 2,883,000 | 23,210,183 | 545,089 | -1,565,648 | -8,447,101 | |||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -42,317,000 | 42,317,000 | -200,000 | -2,906,317 | 2,241,407 | 864,910 | |||||
| cash flow from investments | 42,317,000 | -42,317,000 | |||||||||
| Financing Activities | |||||||||||
| Bank loans | -19,000 | 2,484,000 | |||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | 4,489,000 | -6,525,000 | 8,838,000 | -9,770,159 | -789,730 | 1,949,188 | 8,610,701 | ||||
| Long term loans | -5,385,000 | 4,869,000 | 24,951,000 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -2,929,742 | 2,929,742 | |||||||||
| share issue | |||||||||||
| interest | -2,933,000 | -4,145,000 | -2,302,000 | -801,380 | -888,096 | -1,018,470 | |||||
| cash flow from financing | 100,000 | 3,006,000 | 22,709,033 | -637,014 | 1,864,192 | 8,339,918 | |||||
| cash and cash equivalents | |||||||||||
| cash | 263,000 | 1,605,000 | 3,275,216 | 139,251 | 81,610 | -524,856 | -168,520 | -107,183 | 810,253 | -440,355 | 445,584 |
| overdraft | |||||||||||
| change in cash | 263,000 | 1,605,000 | 3,275,216 | 139,251 | 81,610 | -524,856 | -168,520 | -107,183 | 810,253 | -440,355 | 445,584 |
solar income and growth limited Credit Report and Business Information
Solar Income And Growth Limited Competitor Analysis
Perform a competitor analysis for solar income and growth limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mid companies, companies in EC2V area or any other competitors across 12 key performance metrics.
solar income and growth limited Ownership
SOLAR INCOME AND GROWTH LIMITED group structure
Solar Income And Growth Limited has 6 subsidiary companies.
Ultimate parent company
SOLAR INCOME AND GROWTH LIMITED
08430843
6 subsidiaries
solar income and growth limited directors
Solar Income And Growth Limited currently has 4 directors. The longest serving directors include Mr Barry Green (Sep 2020) and Mr Paul Beynon (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Barry Green | England | 75 years | Sep 2020 | - | Director |
| Mr Paul Beynon | United Kingdom | 60 years | Sep 2020 | - | Director |
| Mr Andrew Webster | England | 64 years | Nov 2021 | - | Director |
| Mr Christopher Carlson | United Kingdom | 47 years | Nov 2021 | - | Director |
P&L
December 2023turnover
6.2m
+11%
operating profit
1.1m
+22%
gross margin
77.4%
+1.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
12m
+0.28%
total assets
54.5m
+0.03%
cash
5.4m
+0.05%
net assets
Total assets minus all liabilities
Similar Companies
solar income and growth limited company details
company number
08430843
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
March 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
armstrong energy income limited (April 2020)
accountant
-
auditor
LUBBOCK FINE LLP
address
level 4 ldn:w, 3 noble street, london, EC2V 7EE
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
solar income and growth 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 6 charges/mortgages relating to solar income and growth limited. Currently there are 3 open charges and 3 have been satisfied in the past.
solar income and growth 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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solar income and growth limited Companies House Filings - See Documents
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