second energy ltd
second energy ltd Company Information
Company Number
08675771
Next Accounts
Jun 2025
Shareholders
pylle solar ltd
Group Structure
View All
Industry
Production of electricity
Registered Address
the shard, c/o foresight group llp, 32 lond, london, SE1 9SG
Website
www.sgesolar.comsecond energy ltd Estimated Valuation
Pomanda estimates the enterprise value of SECOND ENERGY LTD at £2.1m based on a Turnover of £1m and 2.06x industry multiple (adjusted for size and gross margin).
second energy ltd Estimated Valuation
Pomanda estimates the enterprise value of SECOND ENERGY LTD at £4.8m based on an EBITDA of £826.2k and a 5.85x industry multiple (adjusted for size and gross margin).
second energy ltd Estimated Valuation
Pomanda estimates the enterprise value of SECOND ENERGY LTD at £749k based on Net Assets of £285k and 2.63x industry multiple (adjusted for liquidity).
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Second Energy Ltd Overview
Second Energy Ltd is a live company located in london, SE1 9SG with a Companies House number of 08675771. It operates in the production of electricity sector, SIC Code 35110. Founded in September 2013, it's largest shareholder is pylle solar ltd with a 100% stake. Second Energy Ltd is a established, small sized company, Pomanda has estimated its turnover at £1m with healthy growth in recent years.
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Second Energy Ltd Health Check
Pomanda's financial health check has awarded Second Energy Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £1m, make it smaller than the average company (£1.7m)
£1m - Second Energy Ltd
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (9%)
14% - Second Energy Ltd
9% - Industry AVG
Production
with a gross margin of 89.1%, this company has a lower cost of product (69.8%)
89.1% - Second Energy Ltd
69.8% - Industry AVG
Profitability
an operating margin of 63.8% make it more profitable than the average company (50.1%)
63.8% - Second Energy Ltd
50.1% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
- Second Energy Ltd
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Second Energy Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £336.5k, this is less efficient (£432.9k)
- Second Energy Ltd
£432.9k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is later than average (14 days)
18 days - Second Energy Ltd
14 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (21 days)
4 days - Second Energy Ltd
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Second Energy Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 399 weeks, this is more cash available to meet short term requirements (11 weeks)
399 weeks - Second Energy Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.5%, this is a similar level of debt than the average (88.2%)
92.5% - Second Energy Ltd
88.2% - Industry AVG
SECOND ENERGY LTD financials
Second Energy Ltd's latest turnover from September 2023 is £1 million and the company has net assets of £285 thousand. According to their latest financial statements, we estimate that Second Energy Ltd has 3 employees and maintains cash reserves of £396 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,009,478 | 814,899 | 698,280 | 686,702 | 713,218 | |||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 109,538 | 122,131 | 151,229 | 110,307 | 109,070 | |||||
| Gross Profit | 899,940 | 692,768 | 547,051 | 576,395 | 604,148 | |||||
| Admin Expenses | 255,846 | 217,079 | 213,932 | 210,671 | 210,379 | |||||
| Operating Profit | 644,094 | 475,689 | 333,119 | 365,724 | 393,769 | |||||
| Interest Payable | 250,534 | 268,708 | 291,934 | 316,399 | 321,024 | |||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | 393,560 | 206,981 | 41,185 | 49,325 | 72,745 | |||||
| Tax | -95,749 | -11,355 | -8,017 | 30,749 | ||||||
| Profit After Tax | 297,811 | 195,626 | 33,168 | 80,074 | 72,745 | |||||
| Dividends Paid | ||||||||||
| Retained Profit | 297,811 | 195,626 | 33,168 | 80,074 | 72,745 | |||||
| Employee Costs | ||||||||||
| Number Of Employees | ||||||||||
| EBITDA* | 826,185 | 657,779 | 515,209 | 547,815 | 575,860 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,125,888 | 3,307,979 | 3,490,069 | 3,672,159 | 3,854,250 | 4,036,341 | 4,218,432 | 4,376,108 | 333,296 | |
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 3,125,888 | 3,307,979 | 3,490,069 | 3,672,159 | 3,854,250 | 4,036,341 | 4,218,432 | 4,376,108 | 333,296 | |
| Stock & work in progress | ||||||||||
| Trade Debtors | 50,577 | 62,379 | 14,403 | 255,500 | 272 | 3,586 | 66,180 | |||
| Group Debtors | ||||||||||
| Misc Debtors | 222,539 | 220,706 | 80,228 | 269,733 | 190,181 | 25,646 | 146,707 | 203,756 | ||
| Cash | 396,001 | 318,358 | 286,260 | 322,086 | 333,871 | 24,768 | 110,771 | 106,438 | 51 | |
| misc current assets | ||||||||||
| total current assets | 669,117 | 601,443 | 380,891 | 591,819 | 524,052 | 305,914 | 257,750 | 313,780 | 66,231 | |
| total assets | 3,795,005 | 3,909,422 | 3,870,960 | 4,263,978 | 4,378,302 | 4,342,255 | 4,476,182 | 4,689,888 | 399,527 | |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 1,205 | 61,774 | 11,194 | 7,130 | 125 | 3,040 | ||||
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 50,375 | 45,042 | 22,356 | 25,842 | 39,498 | 34,656 | 32,239 | 55,021 | ||
| total current liabilities | 51,580 | 45,042 | 84,130 | 37,036 | 46,628 | 34,781 | 32,239 | 55,021 | 3,040 | |
| loans | 3,376,867 | 3,777,198 | 4,601,905 | 4,690,834 | 4,793,146 | 397,733 | ||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 3,895,274 | 4,368,554 | 4,553,360 | |||||||
| provisions | 81,565 | |||||||||
| total long term liabilities | 3,458,432 | 3,777,198 | 3,895,274 | 4,368,554 | 4,553,360 | 4,601,905 | 4,690,834 | 4,793,146 | 397,733 | |
| total liabilities | 3,510,012 | 3,822,240 | 3,979,404 | 4,405,590 | 4,599,988 | 4,636,686 | 4,723,073 | 4,848,167 | 400,773 | |
| net assets | 284,993 | 87,182 | -108,444 | -141,612 | -221,686 | -294,431 | -246,891 | -158,279 | -1,246 | |
| total shareholders funds | 284,993 | 87,182 | -108,444 | -141,612 | -221,686 | -294,431 | -246,891 | -158,279 | -1,246 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 644,094 | 475,689 | 333,119 | 365,724 | 393,769 | |||||
| Depreciation | 182,091 | 182,090 | 182,090 | 182,091 | 182,091 | 182,091 | 182,932 | |||
| Amortisation | ||||||||||
| Tax | -95,749 | -11,355 | -8,017 | 30,749 | ||||||
| Stock | ||||||||||
| Debtors | -9,969 | 188,454 | -175,102 | 79,552 | -90,965 | 134,167 | -60,363 | 141,162 | 66,180 | |
| Creditors | 1,205 | -61,774 | 50,580 | 4,064 | 7,005 | 125 | -3,040 | 3,040 | ||
| Accruals and Deferred Income | 5,333 | 22,686 | -3,486 | -13,656 | 4,842 | 2,417 | -22,782 | 55,021 | ||
| Deferred Taxes & Provisions | 81,565 | |||||||||
| Cash flow from operations | 828,508 | 418,882 | 729,388 | 489,420 | 678,672 | |||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | -400,331 | 3,777,198 | -4,601,905 | -88,929 | -102,312 | 4,395,413 | 397,733 | |||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | -3,895,274 | -473,280 | -184,806 | 4,553,360 | ||||||
| share issue | ||||||||||
| interest | -250,534 | -268,708 | -291,934 | -316,399 | -321,024 | |||||
| cash flow from financing | -750,865 | -386,784 | -765,214 | -501,205 | -369,569 | |||||
| cash and cash equivalents | ||||||||||
| cash | 77,643 | 32,098 | -35,826 | -11,785 | 309,103 | -86,003 | 4,333 | 106,387 | 51 | |
| overdraft | ||||||||||
| change in cash | 77,643 | 32,098 | -35,826 | -11,785 | 309,103 | -86,003 | 4,333 | 106,387 | 51 |
second energy ltd Credit Report and Business Information
Second Energy Ltd Competitor Analysis
Perform a competitor analysis for second energy ltd by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.
second energy ltd Ownership
SECOND ENERGY LTD group structure
Second Energy Ltd has no subsidiary companies.
Ultimate parent company
JLEN ENVIRONMENTAL ASSETS GROUP LTD
#0066803
2 parents
SECOND ENERGY LTD
08675771
second energy ltd directors
Second Energy Ltd currently has 2 directors. The longest serving directors include Mr Julian Elsworth (Oct 2020) and Mr Moritz Ilg (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Julian Elsworth | England | 48 years | Oct 2020 | - | Director |
| Mr Moritz Ilg | England | 41 years | Aug 2022 | - | Director |
P&L
September 2023turnover
1m
+24%
operating profit
644.1k
+35%
gross margin
89.2%
+4.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
285k
+2.27%
total assets
3.8m
-0.03%
cash
396k
+0.24%
net assets
Total assets minus all liabilities
second energy ltd company details
company number
08675771
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
September 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
newbury solar farm ltd (August 2015)
accountant
-
auditor
OLD MILL AUDIT LIMITED
address
the shard, c/o foresight group llp, 32 lond, london, SE1 9SG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
second energy ltd 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 second energy ltd.
second energy ltd 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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second energy ltd Companies House Filings - See Documents
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