Pomanda estimates the enterprise value of SOLAR FINCO 2 LIMITED at £42.6m based on a Turnover of £16.2m and 2.63x industry multiple (adjusted for size and gross margin).
solar finco 2 limitedEstimated Valuation
£132.6m
Pomanda estimates the enterprise value of SOLAR FINCO 2 LIMITED at £132.6m based on an EBITDA of £12.1m and a 10.92x industry multiple (adjusted for size and gross margin).
solar finco 2 limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of SOLAR FINCO 2 LIMITED at £0 based on Net Assets of £-38.3m and 1.49x industry multiple (adjusted for liquidity).
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Solar Finco 2 LimitedOverview
Solar Finco 2 Limited is a live company located in london, EC3R 6AF with a Companies House number of 10484100. It operates in the activities of production holding companies sector, SIC Code 64202. Founded in November 2016, it's largest shareholder is
chalkhill life holdings limited
with a 100% stake. Solar Finco 2 Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£16.2m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Solar Finco 2 Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
2 Regular
2 Weak
Size
annual sales of £16.2m, make it in line with the average company (£18.2m)
£16.2m - Solar Finco 2 Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (10%)
11% - Solar Finco 2 Limited
10% - Industry AVG
Production
with a gross margin of 99.5%, this company has a lower cost of product (32.1%)
99.5% - Solar Finco 2 Limited
32.1% - Industry AVG
Profitability
an operating margin of 30.7% make it more profitable than the average company (6.1%)
30.7% - Solar Finco 2 Limited
6.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (109)
3 - Solar Finco 2 Limited
109 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Solar Finco 2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £5.4m, this is more efficient (£173.1k)
£5.4m - Solar Finco 2 Limited
£173.1k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (52 days)
8 days - Solar Finco 2 Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 1907 days, this is slower than average (50 days)
1907 days - Solar Finco 2 Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Solar Finco 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 76 weeks, this is more cash available to meet short term requirements (13 weeks)
76 weeks - Solar Finco 2 Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 149.5%, this is a higher level of debt than the average (54.9%)
149.5% - Solar Finco 2 Limited
54.9% - Industry AVG
SOLAR FINCO 2 LIMITED financials
EXPORT
Solar Finco 2 Limited's latest turnover from March 2024 is £16.2 million and the company has net assets of -£38.3 million. According to their latest financial statements, Solar Finco 2 Limited has 3 employees and maintains cash reserves of £12 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Turnover
16,226,981
14,438,074
13,356,955
12,012,894
12,552,705
11,295,768
2,973,316
256,889
Other Income Or Grants
Cost Of Sales
84,817
93,063
121,462
84,918
120,219
2,071,050
756,912
173,167
Gross Profit
16,142,164
14,345,011
13,235,493
11,927,976
12,432,486
9,224,718
2,216,404
83,722
Admin Expenses
11,155,919
11,918,056
10,559,000
10,845,559
11,926,019
8,230,437
1,881,816
83,722
Operating Profit
4,986,245
2,426,955
2,676,493
1,082,417
506,467
994,281
334,588
Interest Payable
5,412,838
9,445,376
7,058,371
3,939,866
3,831,224
4,165,482
1,459,625
Interest Receivable
Pre-Tax Profit
-426,593
-7,018,421
-4,381,878
-2,857,449
-3,324,757
-3,171,201
-1,794,213
Tax
-17,774
-386,586
-307,819
-743,488
-607,194
-338,158
190,938
Profit After Tax
-444,367
-7,405,007
-4,689,697
-3,600,937
-3,931,951
-3,509,359
-1,603,275
Dividends Paid
Retained Profit
-444,367
-7,405,007
-4,689,697
-3,600,937
-3,931,951
-4,735,290
-2,018,263
Employee Costs
65,832
Number Of Employees
3
3
4
93
89
3
2
2
EBITDA*
12,142,153
12,147,569
10,140,560
8,435,434
7,971,149
8,469,980
2,466,751
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Tangible Assets
52,316,397
57,633,424
63,986,640
70,605,877
76,865,913
83,230,292
89,559,963
Intangible Assets
4,007,601
5,100,583
6,193,565
7,286,547
8,379,529
9,472,511
10,565,493
Investments & Other
1
Debtors (Due After 1 year)
192,922
359,093
340,138
229,462
159,608
159,608
8,460,998
Total Fixed Assets
56,516,920
63,093,100
70,520,343
78,121,886
85,405,050
92,862,411
108,586,454
1
Stock & work in progress
Trade Debtors
392,237
302,358
119,848
81,147
16,502
29,602
386,313
Group Debtors
39,365
13
100
Misc Debtors
8,430,447
5,756,509
5,612,414
4,438,316
5,399,802
5,858,310
6,194,582
Cash
12,046,069
11,166,539
9,093,352
9,223,875
9,205,627
6,942,430
3,987,620
misc current assets
total current assets
20,908,118
17,225,406
14,825,614
13,743,338
14,621,944
12,830,442
10,568,515
total assets
77,425,038
80,318,506
85,345,957
91,865,224
100,026,994
105,692,853
119,154,969
1
Bank overdraft
10
6
6
Bank loan
3,534,137
391,755
4,194,023
2,884,064
4,002,175
2,630,473
2,225,718
Trade Creditors
443,167
392,165
569,889
352,975
483,003
700,110
523,035
Group/Directors Accounts
179,466
81,629
287,447
1,262,229
other short term finances
102,240
hp & lease commitments
other current liabilities
3,982,227
2,662,047
1,303,270
1,344,444
1,092,435
301,623
991,451
total current liabilities
8,139,007
3,527,596
6,354,635
5,945,958
5,577,613
3,632,206
3,740,204
loans
106,693,284
113,912,309
109,094,300
111,640,366
116,594,586
101,168,227
91,926,598
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
915,491
719,447
332,861
25,042
total long term liabilities
107,608,775
114,631,756
109,427,161
111,665,408
116,594,586
101,168,227
91,926,598
total liabilities
115,747,782
118,159,352
115,781,796
117,611,366
122,172,199
104,800,433
95,666,802
net assets
-38,322,744
-37,840,846
-30,435,839
-25,746,142
-22,145,205
-11,664,310
-2,018,262
1
total shareholders funds
-38,322,744
-37,840,846
-30,435,839
-25,746,142
-22,145,205
-11,664,310
-2,018,262
1
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Operating Activities
Operating Profit
4,986,245
2,426,955
2,676,493
1,082,417
506,467
994,281
334,588
Depreciation
7,155,908
8,627,632
6,371,085
6,260,035
6,371,700
6,382,717
2,132,163
Amortisation
1,092,982
1,092,982
1,092,982
1,092,982
1,092,982
Tax
-17,774
-386,586
-307,819
-743,488
-607,194
-338,158
190,938
Stock
Debtors
2,637,011
345,560
1,323,475
-827,000
-471,695
-8,994,273
15,041,893
Creditors
51,002
-177,724
216,914
-130,028
-217,107
177,075
523,035
Accruals and Deferred Income
1,320,180
1,358,777
-41,174
252,009
790,812
-689,828
991,451
Deferred Taxes & Provisions
196,044
386,586
307,819
25,042
Cash flow from operations
11,054,594
12,983,062
8,992,825
8,665,969
8,409,355
16,613,342
-10,869,718
Investing Activities
capital expenditure
-745,899
-2,274,416
248,152
1
-7,321
-53,046
-102,257,619
Change in Investments
-1
1
cash flow from investments
-745,899
-2,274,416
248,152
1
-7,321
-53,046
-102,257,618
-1
Financing Activities
Bank loans
3,142,382
-3,802,268
1,309,959
-1,118,111
1,371,702
404,755
2,225,718
Group/Directors Accounts
97,837
-205,818
-974,782
1,262,229
Other Short Term Loans
-102,240
102,240
Long term loans
-7,219,025
4,818,009
-2,546,066
-4,954,220
15,426,359
9,241,629
91,926,598
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-37,531
-6,548,944
-4,910,758
1
interest
-5,412,838
-9,445,376
-7,058,371
-3,939,866
-3,831,224
-4,165,482
-1,459,625
cash flow from financing
-9,429,175
-8,635,453
-9,371,500
-8,647,728
6,417,893
570,144
92,692,691
1
cash and cash equivalents
cash
879,530
2,073,187
-130,523
18,248
2,263,197
2,954,810
3,987,620
overdraft
10
-6
6
change in cash
879,520
2,073,193
-130,523
18,242
2,263,197
2,954,810
3,987,620
solar finco 2 limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for solar finco 2 limited. Get real-time insights into solar finco 2 limited's credit score, group structure and payment trends.
Perform a competitor analysis for solar finco 2 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3R area or any other competitors across 12 key performance metrics.
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 3 charges/mortgages relating to solar finco 2 limited. Currently there are 3 open charges and 0 have been satisfied in the past.
solar finco 2 limited 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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solar finco 2 limitedCompanies House Filings - See Documents
