foresight solar (uk holdco) limited
foresight solar (uk holdco) limited Company Information
Company Number
08584284
Website
www.foresightgroup.euRegistered Address
c/o foresight group llp, the shard, london, SE1 9SG
Industry
Non-trading company
Telephone
02036678100
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
foresight solar fund ltd 100%
foresight solar (uk holdco) limited Estimated Valuation
Pomanda estimates the enterprise value of FORESIGHT SOLAR (UK HOLDCO) LIMITED at £135.9m based on a Turnover of £115.9m and 1.17x industry multiple (adjusted for size and gross margin).
foresight solar (uk holdco) limited Estimated Valuation
Pomanda estimates the enterprise value of FORESIGHT SOLAR (UK HOLDCO) LIMITED at £1.1b based on an EBITDA of £116m and a 9.11x industry multiple (adjusted for size and gross margin).
foresight solar (uk holdco) limited Estimated Valuation
Pomanda estimates the enterprise value of FORESIGHT SOLAR (UK HOLDCO) LIMITED at £30.8m based on Net Assets of £64.6m and 0.48x industry multiple (adjusted for liquidity).
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Foresight Solar (uk Holdco) Limited Overview
Foresight Solar (uk Holdco) Limited is a live company located in london, SE1 9SG with a Companies House number of 08584284. It operates in the non-trading company sector, SIC Code 74990. Founded in June 2013, it's largest shareholder is foresight solar fund ltd with a 100% stake. Foresight Solar (uk Holdco) Limited is a established, mega sized company, Pomanda has estimated its turnover at £115.9m with rapid growth in recent years.
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Foresight Solar (uk Holdco) Limited Health Check
Pomanda's financial health check has awarded Foresight Solar (Uk Holdco) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
2 Weak
Size
annual sales of £115.9m, make it larger than the average company (£3.9m)
£115.9m - Foresight Solar (uk Holdco) Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 472%, show it is growing at a faster rate (3%)
472% - Foresight Solar (uk Holdco) Limited
3% - Industry AVG
Production
with a gross margin of 35.8%, this company has a comparable cost of product (35.8%)
35.8% - Foresight Solar (uk Holdco) Limited
35.8% - Industry AVG
Profitability
an operating margin of 100.2% make it more profitable than the average company (5.9%)
100.2% - Foresight Solar (uk Holdco) Limited
5.9% - Industry AVG
Employees
with 773 employees, this is above the industry average (41)
- Foresight Solar (uk Holdco) Limited
41 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Foresight Solar (uk Holdco) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £149.9k, this is equally as efficient (£150.1k)
- Foresight Solar (uk Holdco) Limited
£150.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Foresight Solar (uk Holdco) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Foresight Solar (uk Holdco) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Foresight Solar (uk Holdco) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (35 weeks)
1 weeks - Foresight Solar (uk Holdco) Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.8%, this is a higher level of debt than the average (48.7%)
93.8% - Foresight Solar (uk Holdco) Limited
48.7% - Industry AVG
FORESIGHT SOLAR (UK HOLDCO) LIMITED financials
Foresight Solar (Uk Holdco) Limited's latest turnover from December 2022 is £115.9 million and the company has net assets of £64.6 million. According to their latest financial statements, we estimate that Foresight Solar (Uk Holdco) Limited has 773 employees and maintains cash reserves of £27.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 115,850,171 | 117,697,417 | -26,191,204 | 617,466 | 64,474,296 | 42,399,859 | 37,121,461 | 23,037,588 | 12,653,763 | 420,742 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | 0 | 0 | 0 | 42,874,453 | 39,581,663 | 35,565,343 | 29,449,231 | 25,084,917 | 2,473,614 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 73,753,102 | 74,435,630 | -68,148,122 | -43,447,933 | 24,604,998 | 6,714,841 | 6,469,406 | -5,939,059 | 1,717,872 | -180,508 |
| Tax | 1,476,921 | -2,433,569 | -1,999,873 | 121,202 | 1,911,976 | -2,064,927 | -1,694,813 | -668,841 | 0 | 0 |
| Profit After Tax | 75,230,023 | 72,002,061 | -70,147,995 | -43,326,731 | 26,516,974 | 4,649,914 | 4,774,593 | -6,607,900 | 1,717,872 | -180,508 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 75,230,023 | 72,002,061 | -70,147,995 | -43,326,731 | 26,516,974 | 4,649,914 | 4,774,593 | -6,607,900 | 1,717,872 | -180,508 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Number Of Employees | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 940,470,813 | 830,671,681 | 699,762,861 | 745,302,552 | 732,688,231 | 557,473,272 | 431,173,087 | 421,627,479 | 249,190,000 | 45,000,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 940,470,813 | 830,671,681 | 699,762,861 | 745,302,552 | 732,688,231 | 557,473,272 | 431,173,087 | 421,627,479 | 249,190,000 | 45,000,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 940,470,813 | 830,671,681 | 699,762,861 | 745,302,552 | 732,688,231 | 557,473,272 | 431,173,087 | 421,627,479 | 249,190,000 | 45,000,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 152,716 | 152,716 | 47,052,956 | 37,711,361 | 20,511,723 | 2,018,173 | 4,140,558 | 420,742 |
| Group Debtors | 13,177,139 | 2,636,414 | 187,379 | 17,336,729 | 3,971,992 | 0 | 0 | 0 | 3,967,138 | 0 |
| Misc Debtors | 62,843,930 | 97,350,300 | 81,572,088 | 51,700,605 | 8,041,265 | 6,785,110 | 664,157 | 9,880 | 154,992 | 100 |
| Cash | 27,409,344 | 5,947,002 | 14,766,240 | 54,002 | 445,245 | 539,488 | 44,934,984 | 2,606,765 | 4,164,864 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 55,146,872 | 55,000,000 | 0 | 0 | 0 | 0 |
| total current assets | 103,430,413 | 105,933,716 | 97,752,790 | 69,244,052 | 114,658,330 | 100,035,959 | 66,110,864 | 4,634,818 | 12,427,552 | 420,842 |
| total assets | 1,043,901,226 | 936,605,397 | 797,515,651 | 814,546,604 | 847,346,561 | 657,509,231 | 497,283,951 | 426,262,297 | 261,617,552 | 45,420,842 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 33,044,076 | 0 | 0 | 0 |
| Group/Directors Accounts | 674,201,484 | 528,687,252 | 528,687,252 | 487,819,950 | 0 | 0 | 23,909,725 | 38,729,995 | 7,804,680 | 596,250 |
| other short term finances | 0 | 0 | 39,177,135 | 50,780,156 | 69,338,033 | 196,079,725 | 0 | 0 | 48,670,952 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 55,071,339 | 168,519,765 | 62,254,945 | 38,402,184 | 353,633,983 | 63,571,935 | 7,122,493 | 30,599,238 | 10,499,456 | 5,000 |
| total current liabilities | 729,272,823 | 697,207,017 | 630,119,332 | 577,002,290 | 422,972,016 | 259,651,660 | 64,076,294 | 119,329,233 | 66,975,088 | 601,250 |
| loans | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 393,503,500 | 143,503,500 | 183,503,500 | 192,007,000 | 96,210,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 250,000,000 | 250,000,000 | 216,000,000 | 145,000,000 | 45,000,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 393,503,500 | 393,503,500 | 433,503,500 | 312,003,500 | 193,105,000 | 45,000,000 |
| total liabilities | 979,272,823 | 947,207,017 | 880,119,332 | 827,002,290 | 816,475,516 | 653,155,160 | 497,579,794 | 431,332,733 | 260,080,088 | 45,601,250 |
| net assets | 64,628,403 | -10,601,620 | -82,603,681 | -12,455,686 | 30,871,045 | 4,354,071 | -295,843 | -5,070,436 | 1,537,464 | -180,408 |
| total shareholders funds | 64,628,403 | -10,601,620 | -82,603,681 | -12,455,686 | 30,871,045 | 4,354,071 | -295,843 | -5,070,436 | 1,537,464 | -180,408 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,476,921 | -2,433,569 | -1,999,873 | 121,202 | 1,911,976 | -2,064,927 | -1,694,813 | -668,841 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -23,965,645 | 18,074,531 | 12,722,133 | 10,123,837 | 14,569,742 | 23,320,591 | 19,147,827 | -6,234,635 | 7,841,846 | 420,842 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -33,044,076 | 33,044,076 | 0 | 0 | 0 |
| Accruals and Deferred Income | -113,448,426 | 106,264,820 | 23,852,761 | -315,231,799 | 290,062,048 | 56,449,442 | -23,476,745 | 20,099,782 | 10,494,456 | 5,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 109,799,132 | 130,908,820 | -45,539,691 | 12,614,321 | 175,214,959 | 126,300,185 | 9,545,608 | 172,437,479 | 204,190,000 | 45,000,000 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 145,514,232 | 0 | 40,867,302 | 487,819,950 | 0 | -23,909,725 | -14,820,270 | 30,925,315 | 7,208,430 | 596,250 |
| Other Short Term Loans | 0 | -39,177,135 | -11,603,021 | -18,557,877 | -126,741,692 | 196,079,725 | 0 | -48,670,952 | 48,670,952 | 0 |
| Long term loans | 0 | 0 | 0 | -143,503,500 | 250,000,000 | -40,000,000 | -8,503,500 | 95,797,000 | 96,210,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -250,000,000 | 0 | 34,000,000 | 71,000,000 | 100,000,000 | 45,000,000 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | -42,874,453 | -39,581,663 | -35,565,343 | -29,449,231 | -25,084,917 | -2,473,614 | 0 |
| cash flow from financing | 145,514,232 | -39,177,135 | 29,264,281 | 282,884,120 | -166,323,355 | 96,604,657 | -18,773,001 | 123,966,446 | 249,615,768 | 45,596,350 |
| cash and cash equivalents | ||||||||||
| cash | 21,462,342 | -8,819,238 | 14,712,238 | -391,243 | -94,243 | -44,395,496 | 42,328,219 | -1,558,099 | 4,164,864 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -50,000,000 | 50,000,000 | 0 | 0 |
| change in cash | 21,462,342 | -8,819,238 | 14,712,238 | -391,243 | -94,243 | -44,395,496 | 92,328,219 | -51,558,099 | 4,164,864 | 0 |
foresight solar (uk holdco) limited Credit Report and Business Information
Foresight Solar (uk Holdco) Limited Competitor Analysis
Perform a competitor analysis for foresight solar (uk holdco) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in SE1 area or any other competitors across 12 key performance metrics.
foresight solar (uk holdco) limited Ownership
FORESIGHT SOLAR (UK HOLDCO) LIMITED group structure
Foresight Solar (Uk Holdco) Limited has 4 subsidiary companies.
Ultimate parent company
FORESIGHT SOLAR (UK HOLDCO) LIMITED
08584284
4 subsidiaries
foresight solar (uk holdco) limited directors
Foresight Solar (Uk Holdco) Limited currently has 3 directors. The longest serving directors include Mr Ricardo Pineiro (Oct 2015) and Mr Ross Driver (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ricardo Pineiro | 43 years | Oct 2015 | - | Director | |
| Mr Ross Driver | England | 43 years | Dec 2021 | - | Director |
| Mr Toby Virno | United Kingdom | 34 years | Oct 2023 | - | Director |
P&L
December 2022turnover
115.9m
-2%
operating profit
116m
0%
gross margin
35.9%
+10.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
64.6m
-7.1%
total assets
1b
+0.11%
cash
27.4m
+3.61%
net assets
Total assets minus all liabilities
foresight solar (uk holdco) limited company details
company number
08584284
Type
Private limited with Share Capital
industry
74990 - Non-trading company
incorporation date
June 2013
age
11
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
dmwsl 730 limited (September 2013)
last accounts submitted
December 2022
address
c/o foresight group llp, the shard, london, SE1 9SG
accountant
-
auditor
KPMG LLP
foresight solar (uk holdco) 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 4 charges/mortgages relating to foresight solar (uk holdco) limited. Currently there are 1 open charges and 3 have been satisfied in the past.
foresight solar (uk holdco) limited Companies House Filings - See Documents
| date | description | view/download |
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