solar house limited

3.5

solar house limited Company Information

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Company Number

09623600

Registered Address

solar house 282 chase road, london, N14 6NZ

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Telephone

08146005000

Next Accounts Due

March 2025

Group Structure

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Shareholders

gemma petrides 16.5%

alexander petrides 16.5%

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solar house limited Estimated Valuation

£847.8k

Pomanda estimates the enterprise value of SOLAR HOUSE LIMITED at £847.8k based on a Turnover of £263k and 3.22x industry multiple (adjusted for size and gross margin).

solar house limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of SOLAR HOUSE LIMITED at £1.1m based on an EBITDA of £153k and a 7.07x industry multiple (adjusted for size and gross margin).

solar house limited Estimated Valuation

£350.4k

Pomanda estimates the enterprise value of SOLAR HOUSE LIMITED at £350.4k based on Net Assets of £218.7k and 1.6x industry multiple (adjusted for liquidity).

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Solar House Limited Overview

Solar House Limited is a live company located in london, N14 6NZ with a Companies House number of 09623600. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2015, it's largest shareholder is gemma petrides with a 16.5% stake. Solar House Limited is a young, micro sized company, Pomanda has estimated its turnover at £263k with declining growth in recent years.

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Solar House Limited Health Check

Pomanda's financial health check has awarded Solar House Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £263k, make it smaller than the average company (£864k)

£263k - Solar House Limited

£864k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.3%)

-4% - Solar House Limited

2.3% - Industry AVG

production

Production

with a gross margin of 72.3%, this company has a comparable cost of product (72.3%)

72.3% - Solar House Limited

72.3% - Industry AVG

profitability

Profitability

an operating margin of 58.2% make it more profitable than the average company (27.1%)

58.2% - Solar House Limited

27.1% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (4)

2 - Solar House Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.6k, the company has an equivalent pay structure (£31.6k)

£31.6k - Solar House Limited

£31.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £131.5k, this is less efficient (£186k)

£131.5k - Solar House Limited

£186k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is earlier than average (32 days)

24 days - Solar House Limited

32 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Solar House Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Solar House Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (14 weeks)

39 weeks - Solar House Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 84.8%, this is a higher level of debt than the average (67.2%)

84.8% - Solar House Limited

67.2% - Industry AVG

solar house limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Solar House Limited Competitor Analysis

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solar house limited Ownership

SOLAR HOUSE LIMITED group structure

Solar House Limited has no subsidiary companies.

Ultimate parent company

SOLAR HOUSE LIMITED

09623600

SOLAR HOUSE LIMITED Shareholders

gemma petrides 16.5%
alexander petrides 16.5%
despina theocharis 16.5%
jonathan petrides 16.5%
persefoni theocharis 16.5%
stavros theocharis 16.5%
theocharis tsirtsipis 0.5%
chrysanthos petrides 0.5%

solar house limited directors

Solar House Limited currently has 2 directors. The longest serving directors include Mr Chrysanthos Petrides (Jun 2015) and Mr Theocharis Tsirtsipis (Jun 2015).

officercountryagestartendrole
Mr Chrysanthos Petrides69 years Jun 2015- Director
Mr Theocharis Tsirtsipis64 years Jun 2015- Director

SOLAR HOUSE LIMITED financials

EXPORTms excel logo

Solar House Limited's latest turnover from June 2023 is estimated at £263 thousand and the company has net assets of £218.7 thousand. According to their latest financial statements, Solar House Limited has 2 employees and maintains cash reserves of £34.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016
Turnover263,030146,441281,785296,717312,000140,8360193,833
Other Income Or Grants00000000
Cost Of Sales72,78840,98080,84380,26890,48235,429050,975
Gross Profit190,241105,462200,942216,450221,518105,4070142,857
Admin Expenses37,277-16,93784,83299,34375,906-30,246-133,73894,844
Operating Profit152,964122,399116,110117,107145,612135,653133,73848,013
Interest Payable130,64887,68075,19776,95394,629100,41492,53545,406
Interest Receivable2,0736035045259201127130
Pre-Tax Profit24,38935,32240,96340,19951,24235,44041,3312,738
Tax-6,097-6,711-7,783-7,638-9,736-6,734-7,853-547
Profit After Tax18,29228,61133,18032,56141,50628,70633,4782,190
Dividends Paid00000000
Retained Profit18,29228,61133,18032,56141,50628,70633,4782,190
Employee Costs63,19360,28155,23756,17456,74626,876052,471
Number Of Employees22222102
EBITDA*152,964122,399116,110117,107145,612135,653133,73848,013

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016
Tangible Assets00000000
Intangible Assets00000000
Investments & Other1,389,3721,389,3721,389,3721,389,3721,389,3721,389,3721,389,3721,389,372
Debtors (Due After 1 year)00000000
Total Fixed Assets1,389,3721,389,3721,389,3721,389,3721,389,3721,389,3721,389,3721,389,372
Stock & work in progress00000000
Trade Debtors18,0005,000000000
Group Debtors00000221,000221,0000
Misc Debtors000011,863000
Cash34,35748,57447,84251,66138,45730,55849,64652,139
misc current assets0000018180
total current assets52,35753,57447,84251,66150,320251,576270,66452,139
total assets1,441,7291,442,9461,437,2141,441,0331,439,6921,640,9481,660,0361,441,511
Bank overdraft00000000
Bank loan00000000
Trade Creditors 000000027,870
Group/Directors Accounts00000000
other short term finances00000000
hp & lease commitments00000000
other current liabilities45,74744,35844,80057,51655,44550,73260,16214,148
total current liabilities45,74744,35844,80057,51655,44550,73260,16242,018
loans1,177,2581,198,1561,220,5931,244,8761,278,1671,525,6421,564,0061,397,103
hp & lease commitments00000000
Accruals and Deferred Income00000000
other liabilities00000000
provisions00000000
total long term liabilities1,177,2581,198,1561,220,5931,244,8761,278,1671,525,6421,564,0061,397,103
total liabilities1,223,0051,242,5141,265,3931,302,3921,333,6121,576,3741,624,1681,439,121
net assets218,724200,432171,821138,641106,08064,57435,8682,390
total shareholders funds218,724200,432171,821138,641106,08064,57435,8682,390
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016
Operating Activities
Operating Profit152,964122,399116,110117,107145,612135,653133,73848,013
Depreciation00000000
Amortisation00000000
Tax-6,097-6,711-7,783-7,638-9,736-6,734-7,853-547
Stock00000000
Debtors13,0005,0000-11,863-209,1370221,0000
Creditors000000-27,87027,870
Accruals and Deferred Income1,389-442-12,7162,0714,713-9,43046,01414,148
Deferred Taxes & Provisions00000000
Cash flow from operations135,256110,24695,611123,403349,726119,489-76,97189,484
Investing Activities
capital expenditure00000000
Change in Investments00000001,389,372
cash flow from investments0000000-1,389,372
Financing Activities
Bank loans00000000
Group/Directors Accounts00000000
Other Short Term Loans 00000000
Long term loans-20,898-22,437-24,283-33,291-247,475-38,364166,9031,397,103
Hire Purchase and Lease Commitments00000000
other long term liabilities00000000
share issue0000000200
interest-128,575-87,077-75,147-76,908-94,370-100,213-92,408-45,276
cash flow from financing-149,473-109,514-99,430-110,199-341,845-138,57774,4951,352,027
cash and cash equivalents
cash-14,217732-3,81913,2047,899-19,088-2,49352,139
overdraft00000000
change in cash-14,217732-3,81913,2047,899-19,088-2,49352,139

P&L

June 2023

turnover

263k

+80%

operating profit

153k

0%

gross margin

72.4%

+0.43%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

218.7k

+0.09%

total assets

1.4m

0%

cash

34.4k

-0.29%

net assets

Total assets minus all liabilities

solar house limited company details

company number

09623600

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 2015

age

9

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

solar house 282 chase road, london, N14 6NZ

last accounts submitted

June 2023

solar house 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 solar house limited.

charges

solar house limited Companies House Filings - See Documents

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