solaredge technologies (uk) ltd
solaredge technologies (uk) ltd Company Information
Company Number
09433777
Next Accounts
Sep 2025
Shareholders
solaredge technologies ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
15 chester road, colmworth business park, eaton socon, cambridgeshire, PE19 8YT
Website
solaredge.comsolaredge technologies (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLAREDGE TECHNOLOGIES (UK) LTD at £65m based on a Turnover of £94.7m and 0.69x industry multiple (adjusted for size and gross margin).
solaredge technologies (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLAREDGE TECHNOLOGIES (UK) LTD at £11.6m based on an EBITDA of £2.3m and a 5.02x industry multiple (adjusted for size and gross margin).
solaredge technologies (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of SOLAREDGE TECHNOLOGIES (UK) LTD at £12.3m based on Net Assets of £5.8m and 2.13x industry multiple (adjusted for liquidity).
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Solaredge Technologies (uk) Ltd Overview
Solaredge Technologies (uk) Ltd is a live company located in eaton socon, PE19 8YT with a Companies House number of 09433777. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2015, it's largest shareholder is solaredge technologies ltd with a 100% stake. Solaredge Technologies (uk) Ltd is a established, large sized company, Pomanda has estimated its turnover at £94.7m with rapid growth in recent years.
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Solaredge Technologies (uk) Ltd Health Check
Pomanda's financial health check has awarded Solaredge Technologies (Uk) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £94.7m, make it larger than the average company (£4.8m)
£94.7m - Solaredge Technologies (uk) Ltd
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 260%, show it is growing at a faster rate (6.7%)
260% - Solaredge Technologies (uk) Ltd
6.7% - Industry AVG
Production
with a gross margin of 4.9%, this company has a higher cost of product (38.2%)
4.9% - Solaredge Technologies (uk) Ltd
38.2% - Industry AVG
Profitability
an operating margin of 2.4% make it less profitable than the average company (5.7%)
2.4% - Solaredge Technologies (uk) Ltd
5.7% - Industry AVG
Employees
with 26 employees, this is similar to the industry average (27)
26 - Solaredge Technologies (uk) Ltd
27 - Industry AVG
Pay Structure
on an average salary of £84.2k, the company has a higher pay structure (£53.9k)
£84.2k - Solaredge Technologies (uk) Ltd
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £3.6m, this is more efficient (£171.3k)
£3.6m - Solaredge Technologies (uk) Ltd
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (42 days)
82 days - Solaredge Technologies (uk) Ltd
42 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Solaredge Technologies (uk) Ltd
32 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (33 days)
1 days - Solaredge Technologies (uk) Ltd
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (22 weeks)
2 weeks - Solaredge Technologies (uk) Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.1%, this is a higher level of debt than the average (62.6%)
76.1% - Solaredge Technologies (uk) Ltd
62.6% - Industry AVG
SOLAREDGE TECHNOLOGIES (UK) LTD financials
Solaredge Technologies (Uk) Ltd's latest turnover from December 2023 is £94.7 million and the company has net assets of £5.8 million. According to their latest financial statements, Solaredge Technologies (Uk) Ltd has 26 employees and maintains cash reserves of £840.7 thousand 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 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 94,730,036 | 92,344,046 | 21,263,405 | 2,034,819 | 1,959,146 | 1,454,318 | 1,393,087 | 1,102,326 | 701,655 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | 90,054,949 | 88,693,083 | 19,529,703 | 667,155 | 632,107 | 496,821 | 503,022 | 383,704 | 168,509 |
| Gross Profit | 4,675,087 | 3,650,963 | 1,733,702 | 1,367,664 | 1,327,039 | 957,497 | 890,065 | 718,622 | 533,146 |
| Admin Expenses | 2,401,450 | 616,776 | 1,522,702 | 1,261,587 | 1,216,795 | 881,060 | 818,067 | 661,649 | 496,884 |
| Operating Profit | 2,273,637 | 3,034,187 | 211,000 | 106,077 | 110,244 | 76,437 | 71,998 | 56,973 | 36,262 |
| Interest Payable | 2,185 | 1,798 | 8,989 | 1,273 | |||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 2,271,452 | 3,032,389 | 211,000 | 106,077 | 101,255 | 75,164 | 71,998 | 56,973 | 36,262 |
| Tax | -9,209 | -292,608 | 111,339 | -50,469 | 72,998 | -7,363 | 17,021 | -12,467 | -7,299 |
| Profit After Tax | 2,262,243 | 2,739,781 | 322,339 | 55,608 | 174,253 | 67,801 | 89,019 | 44,506 | 28,963 |
| Dividends Paid | |||||||||
| Retained Profit | 2,262,243 | 2,739,781 | 322,339 | 55,608 | 174,253 | 67,801 | 89,019 | 44,506 | 28,963 |
| Employee Costs | 2,189,244 | 1,965,636 | 1,546,758 | 1,187,913 | 1,097,769 | 852,443 | 814,344 | 652,373 | 486,365 |
| Number Of Employees | 26 | 17 | 14 | 14 | 14 | 13 | 11 | 11 | 9 |
| EBITDA* | 2,299,199 | 3,040,294 | 213,221 | 107,772 | 111,654 | 77,040 | 72,601 | 57,461 | 36,438 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 513,696 | 43,440 | 13,265 | 4,535 | 5,013 | 1,145 | 1,748 | 2,351 | 1,940 |
| Intangible Assets | |||||||||
| Investments & Other | 150,006 | 200 | 200 | 200 | 200 | 200 | |||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 663,702 | 43,640 | 13,465 | 4,735 | 5,213 | 1,345 | 1,748 | 2,351 | 1,940 |
| Stock & work in progress | 290,484 | 2,013,815 | 351,747 | ||||||
| Trade Debtors | 21,491,715 | 36,214,189 | 5,614,442 | 2,677,871 | |||||
| Group Debtors | 1,075,408 | 1,042,835 | 4,509,417 | 1,321,855 | 423,791 | 951,229 | 525,965 | ||
| Misc Debtors | 966,977 | 41,742 | 204,072 | 245,403 | 192,361 | 49,735 | 27,831 | 197,649 | |
| Cash | 840,680 | 19,064,636 | 5,827,152 | 266,943 | 96,506 | 599,727 | 4,816 | 158,769 | 407,198 |
| misc current assets | 2,253,134 | ||||||||
| total current assets | 23,589,856 | 58,409,790 | 13,040,248 | 5,021,763 | 2,774,377 | 4,367,077 | 478,342 | 1,137,829 | 1,130,812 |
| total assets | 24,253,558 | 58,453,430 | 13,053,713 | 5,026,498 | 2,779,590 | 4,368,422 | 480,090 | 1,140,180 | 1,132,752 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 90,435 | 61,451 | 56,431 | 16,458 | 14,227 | 27,492 | 23,456 | 25,655 | 4,097 |
| Group/Directors Accounts | 17,871,512 | 44,433,939 | 9,915,093 | 4,233,375 | 2,197,356 | 4,019,651 | 120,366 | 976,738 | 1,007,978 |
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 507,097 | 10,435,769 | 2,299,699 | 316,514 | 163,464 | 90,989 | 173,779 | 64,317 | 91,713 |
| total current liabilities | 18,469,044 | 54,931,159 | 12,271,223 | 4,566,347 | 2,375,047 | 4,138,132 | 317,601 | 1,066,710 | 1,103,788 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | |||||||||
| total liabilities | 18,469,044 | 54,931,159 | 12,271,223 | 4,566,347 | 2,375,047 | 4,138,132 | 317,601 | 1,066,710 | 1,103,788 |
| net assets | 5,784,514 | 3,522,271 | 782,490 | 460,151 | 404,543 | 230,290 | 162,489 | 73,470 | 28,964 |
| total shareholders funds | 5,784,514 | 3,522,271 | 782,490 | 460,151 | 404,543 | 230,290 | 162,489 | 73,470 | 28,964 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 2,273,637 | 3,034,187 | 211,000 | 106,077 | 110,244 | 76,437 | 71,998 | 56,973 | 36,262 |
| Depreciation | 25,562 | 6,107 | 2,221 | 1,695 | 1,410 | 603 | 603 | 488 | 176 |
| Amortisation | |||||||||
| Tax | -9,209 | -292,608 | 111,339 | -50,469 | 72,998 | -7,363 | 17,021 | -12,467 | -7,299 |
| Stock | -1,723,331 | 1,662,068 | 351,747 | ||||||
| Debtors | -14,872,647 | 30,469,990 | 2,106,529 | 2,076,949 | 1,163,655 | 1,040,690 | -505,534 | 979,060 | 723,614 |
| Creditors | 28,984 | 5,020 | 39,973 | 2,231 | -13,265 | 4,036 | -2,199 | 25,655 | 4,097 |
| Accruals and Deferred Income | -9,928,672 | 8,136,070 | 1,983,185 | 153,050 | 72,475 | -82,790 | 109,462 | 64,317 | 91,713 |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | 8,986,280 | -21,243,282 | -110,558 | -1,864,365 | -919,793 | -1,049,767 | 702,419 | -844,094 | -598,665 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 149,806 | 200 | |||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -26,562,427 | 34,518,846 | 5,681,718 | 2,036,019 | -1,822,295 | 3,899,285 | -856,372 | 976,738 | 1,007,978 |
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | -2,185 | -1,798 | -8,989 | -1,273 | |||||
| cash flow from financing | -26,564,612 | 34,517,048 | 5,681,718 | 2,036,019 | -1,831,284 | 3,898,012 | -856,372 | 1,005,702 | 1,007,979 |
| cash and cash equivalents | |||||||||
| cash | -18,223,956 | 13,237,484 | 5,560,209 | 170,437 | -503,221 | 594,911 | -153,953 | 158,769 | 407,198 |
| overdraft | |||||||||
| change in cash | -18,223,956 | 13,237,484 | 5,560,209 | 170,437 | -503,221 | 594,911 | -153,953 | 158,769 | 407,198 |
solaredge technologies (uk) ltd Credit Report and Business Information
Solaredge Technologies (uk) Ltd Competitor Analysis
Perform a competitor analysis for solaredge technologies (uk) ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in PE19 area or any other competitors across 12 key performance metrics.
solaredge technologies (uk) ltd Ownership
SOLAREDGE TECHNOLOGIES (UK) LTD group structure
Solaredge Technologies (Uk) Ltd has 1 subsidiary company.
Ultimate parent company
SOLAREDGE TECHNOLOGIES INC
#0116165
SOLAREDGE TECHNOLOGIES LTD
#0096077
2 parents
SOLAREDGE TECHNOLOGIES (UK) LTD
09433777
1 subsidiary
solaredge technologies (uk) ltd directors
Solaredge Technologies (Uk) Ltd currently has 2 directors. The longest serving directors include Ronen Faier (Apr 2016) and Mr Ariel Porat (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ronen Faier | England | 54 years | Apr 2016 | - | Director |
| Mr Ariel Porat | Israel | 41 years | Aug 2024 | - | Director |
P&L
December 2023turnover
94.7m
+3%
operating profit
2.3m
-25%
gross margin
5%
+24.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5.8m
+0.64%
total assets
24.3m
-0.59%
cash
840.7k
-0.96%
net assets
Total assets minus all liabilities
solaredge technologies (uk) ltd company details
company number
09433777
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
15 chester road, colmworth business park, eaton socon, cambridgeshire, PE19 8YT
Bank
-
Legal Advisor
-
solaredge technologies (uk) 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 solaredge technologies (uk) ltd.
solaredge technologies (uk) 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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solaredge technologies (uk) ltd Companies House Filings - See Documents
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