maghaberry solar limited
maghaberry solar limited Company Information
Company Number
08661418
Website
-Registered Address
7th floor 33 holborn, london, EC1N 2HU
Industry
Production of electricity
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ri income uk holdings limited 100%
maghaberry solar limited Estimated Valuation
Pomanda estimates the enterprise value of MAGHABERRY SOLAR LIMITED at £15.2m based on a Turnover of £7.2m and 2.1x industry multiple (adjusted for size and gross margin).
maghaberry solar limited Estimated Valuation
Pomanda estimates the enterprise value of MAGHABERRY SOLAR LIMITED at £42.1m based on an EBITDA of £6.7m and a 6.33x industry multiple (adjusted for size and gross margin).
maghaberry solar limited Estimated Valuation
Pomanda estimates the enterprise value of MAGHABERRY SOLAR LIMITED at £23.7m based on Net Assets of £8.8m and 2.69x industry multiple (adjusted for liquidity).
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Maghaberry Solar Limited Overview
Maghaberry Solar Limited is a live company located in london, EC1N 2HU with a Companies House number of 08661418. It operates in the production of electricity sector, SIC Code 35110. Founded in August 2013, it's largest shareholder is ri income uk holdings limited with a 100% stake. Maghaberry Solar Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.2m with rapid growth in recent years.
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Maghaberry Solar Limited Health Check
Pomanda's financial health check has awarded Maghaberry Solar Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
3 Weak
Size
annual sales of £7.2m, make it larger than the average company (£1.3m)
£7.2m - Maghaberry Solar Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (4.9%)
37% - Maghaberry Solar Limited
4.9% - Industry AVG
Production
with a gross margin of 77.3%, this company has a comparable cost of product (70.5%)
77.3% - Maghaberry Solar Limited
70.5% - Industry AVG
Profitability
an operating margin of 77.1% make it more profitable than the average company (45.7%)
77.1% - Maghaberry Solar Limited
45.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Maghaberry Solar Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Maghaberry Solar Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £3.6m, this is more efficient (£315.7k)
£3.6m - Maghaberry Solar Limited
£315.7k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (16 days)
13 days - Maghaberry Solar Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (22 days)
1 days - Maghaberry Solar Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Maghaberry Solar Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (8 weeks)
3 weeks - Maghaberry Solar Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.1%, this is a lower level of debt than the average (94.7%)
53.1% - Maghaberry Solar Limited
94.7% - Industry AVG
maghaberry solar limited Credit Report and Business Information
Maghaberry Solar Limited Competitor Analysis
Perform a competitor analysis for maghaberry solar limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
maghaberry solar limited Ownership
MAGHABERRY SOLAR LIMITED group structure
Maghaberry Solar Limited has no subsidiary companies.
Ultimate parent company
RENEWABLE INCOME UK
#0118806
2 parents
MAGHABERRY SOLAR LIMITED
08661418
maghaberry solar limited directors
Maghaberry Solar Limited currently has 2 directors. The longest serving directors include Mr Stephane Tetot (Apr 2018) and Ms Katharina Sudeck (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephane Tetot | United Kingdom | 42 years | Apr 2018 | - | Director |
| Ms Katharina Sudeck | United Kingdom | 35 years | Feb 2024 | - | Director |
MAGHABERRY SOLAR LIMITED financials
Maghaberry Solar Limited's latest turnover from December 2022 is £7.2 million and the company has net assets of £8.8 million. According to their latest financial statements, Maghaberry Solar Limited has 2 employees and maintains cash reserves of £584.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,232,716 | 4,761,199 | 2,426,438 | 2,831,030 | 2,400,960 | 525,490 | 0 | 0 | 0 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 1,645,217 | 1,638,720 | 1,640,399 | 1,684,776 | 1,113,577 | 253,097 | 0 | 0 | ||
| Gross Profit | 5,587,499 | 3,122,479 | 786,039 | 1,146,254 | 1,287,383 | 272,393 | 0 | 0 | ||
| Admin Expenses | 9,937 | 9,862 | 10,557 | -34,066 | 10,111 | 2,535 | 0 | 5,432 | ||
| Operating Profit | 5,577,562 | 3,112,617 | 775,482 | 1,180,320 | 1,277,272 | 269,858 | 0 | -13,008 | -5,432 | |
| Interest Payable | 717,629 | 962,714 | 1,051,034 | 1,119,605 | 801,725 | 590,792 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 4,859,933 | 2,149,903 | -275,552 | 60,715 | 475,547 | -320,934 | 0 | -13,008 | -5,432 | |
| Tax | -991,016 | -568,961 | 39,081 | -69,680 | -9,360 | 0 | 0 | 0 | 0 | |
| Profit After Tax | 3,868,917 | 1,580,942 | -236,471 | -8,965 | 466,187 | -320,934 | 0 | -13,008 | -5,432 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 3,868,917 | 1,580,942 | -236,471 | -8,965 | 466,187 | -320,934 | 0 | -13,008 | -5,432 | |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | 2 | 2 | 2 | 3 | ||||||
| EBITDA* | 6,651,462 | 4,185,937 | 1,848,719 | 2,249,856 | 2,016,172 | 509,631 | 0 | -13,008 | -5,432 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,246,287 | 18,225,012 | 19,295,281 | 20,368,518 | 21,306,485 | 19,690,131 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,246,287 | 18,225,012 | 19,295,281 | 20,368,518 | 21,306,485 | 19,690,131 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 262,228 | 130,564 | 160,256 | 215,811 | 121,600 | 118,737 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 50,000 | 0 | 181,747 | 0 | 0 | 0 | 0 |
| Misc Debtors | 725,902 | 559,638 | 365,879 | 512,118 | 1,959,157 | 1,572,928 | 0 | 0 | 0 | 0 |
| Cash | 584,190 | 388,648 | 639,088 | 427,112 | 660,286 | 647,032 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,572,320 | 1,078,850 | 1,165,223 | 1,205,041 | 2,741,043 | 2,520,444 | 0 | 0 | 0 | 0 |
| total assets | 18,818,607 | 19,303,862 | 20,460,504 | 21,573,559 | 24,047,528 | 22,210,575 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,578 | 12,699 | 18,202 | 653 | 20,311,204 | 30,588 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 8,195,702 | 13,653,463 | 16,941,481 | 17,542,622 | 0 | 21,358,889 | 41,449 | 41,449 | 28,441 | 23,009 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,158,201 | 120,469 | 89,633 | 343,544 | 0 | 1,183,481 | 0 | 0 | 0 | 0 |
| total current liabilities | 9,362,481 | 13,786,631 | 17,049,316 | 17,886,819 | 20,311,204 | 22,572,958 | 41,449 | 41,449 | 28,441 | 23,009 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 635,038 | 565,060 | 39,959 | 79,040 | 119,659 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 635,038 | 565,060 | 39,959 | 79,040 | 119,659 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 9,997,519 | 14,351,691 | 17,089,275 | 17,965,859 | 20,430,863 | 22,572,958 | 41,449 | 41,449 | 28,441 | 23,009 |
| net assets | 8,821,088 | 4,952,171 | 3,371,229 | 3,607,700 | 3,616,665 | -362,383 | -41,449 | -41,449 | -28,441 | -23,009 |
| total shareholders funds | 8,821,088 | 4,952,171 | 3,371,229 | 3,607,700 | 3,616,665 | -362,383 | -41,449 | -41,449 | -28,441 | -23,009 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Aug 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 5,577,562 | 3,112,617 | 775,482 | 1,180,320 | 1,277,272 | 269,858 | 0 | -13,008 | -5,432 | |
| Depreciation | 1,073,900 | 1,073,320 | 1,073,237 | 1,069,536 | 738,900 | 239,773 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -991,016 | -568,961 | 39,081 | -69,680 | -9,360 | 0 | 0 | 0 | 0 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 297,928 | 164,067 | -251,794 | -1,302,828 | 2,080,757 | 1,873,412 | 0 | 0 | 0 | 0 |
| Creditors | -4,121 | -5,503 | 17,549 | -20,310,551 | 20,311,204 | 30,588 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,037,732 | 30,836 | -253,911 | 343,544 | 0 | 1,183,481 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 69,978 | 525,101 | -39,081 | -40,619 | 119,659 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,466,107 | 4,003,343 | 1,864,151 | -16,524,622 | 20,356,918 | -149,712 | 0 | -13,008 | -5,432 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -5,457,761 | -3,288,018 | -601,141 | 17,542,622 | -41,449 | 21,317,440 | 0 | 13,008 | 5,432 | 23,009 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -717,629 | -962,714 | -1,051,034 | -1,119,605 | -801,725 | -590,792 | 0 | 0 | 0 | |
| cash flow from financing | -6,175,390 | -4,250,732 | -1,652,175 | 16,423,017 | 2,348,753 | 20,726,648 | 0 | 13,008 | 5,432 | |
| cash and cash equivalents | ||||||||||
| cash | 195,542 | -250,440 | 211,976 | -233,174 | 660,286 | 647,032 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 195,542 | -250,440 | 211,976 | -233,174 | 660,286 | 647,032 | 0 | 0 | 0 | 0 |
P&L
December 2022turnover
7.2m
+52%
operating profit
5.6m
+79%
gross margin
77.3%
+17.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8.8m
+0.78%
total assets
18.8m
-0.03%
cash
584.2k
+0.5%
net assets
Total assets minus all liabilities
maghaberry solar limited company details
company number
08661418
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
August 2013
age
11
accounts
Small Company
ultimate parent company
previous names
lightsource spv 94 limited (June 2020)
incorporated
UK
address
7th floor 33 holborn, london, EC1N 2HU
last accounts submitted
December 2022
maghaberry 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 did not find charges/mortgages relating to maghaberry solar limited.
maghaberry solar limited Companies House Filings - See Documents
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