SERS ENERGY SOLUTIONS GROUP LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-12 (in 6mo)
Last made up 2025-10-29
Watchouts
Cash
£122K
-65.8% lowest in 5 filed years
Net assets
£627K
+54.2% vs 2023
Employees
44
-2.2% vs 2023
Profit before tax
£220K
+127.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The financial statements have been prepared on a basis other than going concern. This is due to SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited having been subject to an asset purchase by Cardo Group after the year end. The companies will continue to operate solely to complete non-novated contracts, all of which are expected to be finalised by the end of 2025. Following completion, the companies will remain active until the defect periods on all contracts have expired and client-held retentions are released, typically within 12 to 18 months of completion. After this period, the group and subsidiary companies will be wound down and cease trading.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £9,192,559 | £11,037,524 | |
| Operating profit | — | — | — | — | — | £123,713 | £240,239 | |
| Profit before tax | — | — | — | — | — | £96,893 | £220,360 | |
| Net profit | — | — | — | -£16,491 | -£510,266 | £96,893 | £220,360 | |
| Cash | £338,716 | — | — | £145,690 | £316,251 | £356,427 | £121,795 | |
| Total assets less current liabilities | — | — | — | £1,070,268 | £750,087 | £853,092 | £1,074,064 | |
| Net assets | — | — | — | £820,268 | £310,002 | £406,895 | £627,255 | |
| Equity | — | £623,489 | £789,141 | £820,268 | £310,002 | £406,895 | £627,255 | |
| Average employees | — | — | — | — | — | 45 | 44 | |
| Wages | — | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+20.1%
£9,192,559 £11,037,524
-
Cash
-65.8%
£356,427 £121,795
lowest in 5 filed years
-
Net assets
+54.2%
£406,895 £627,255
-
Employees
-2.2%
45 44
-
Operating profit
+94.2%
£123,713 £240,239
-
Profit before tax
+127.4%
£96,893 £220,360
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 1.3% | 2.2% | |
| Net margin | — | — | — | — | — | 1.1% | 2.0% | |
| Return on capital employed | — | — | — | — | — | 14.5% | 22.4% | |
| Current ratio | — | — | — | — | — | 1.15x | 1.30x | |
| Interest cover | — | — | — | — | — | 4.38x | 9.42x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 2 times since incorporation
- SERS ENERGY SOLUTIONS GROUP LIMITED 2013-05-09 → present
- SERS GROUP LIMITED 2007-11-08 → 2013-05-09
- SERS LIMITED 2003-10-29 → 2007-11-08
Audit & accounting basis
- Accounting basis
- FRS 102 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The financial statements have been prepared on a basis other than going concern. This is due to SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited having been subject to an asset purchase by Cardo Group after the year end. The companies will continue to operate solely to complete non-novated contracts, all of which are expected to be finalised by the end of 2025. Following completion, the companies will remain active until the defect periods on all contracts have expired and client-held retentions are released, typically within 12 to 18 months of completion. After this period, the group and subsidiary companies will be wound down and cease trading.”
Group structure
- SERS ENERGY SOLUTIONS GROUP LIMITED · parent
- SERS Energy Solutions Limited 100%
- SERS (Solar & Renewable Technologies) Holdings Limited 100%
- SERS (Solar & Renewable Technologies) Wales Limited 70%
Significant events
- “With effect from 13 June 2025, SERS Energy Solutions Group Limited and SERS Energy Solutions (Scotland) Limited transferred and sold their activities, along with associated assets and liabilities, to Cardo Group. The remaining subsidiaries were not part of this transaction but will continue to operate solely to complete non-novated contracts as part of the wider group wind-down.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROBERTS, Gaynor Wendy | Secretary | 2003-10-29 | — | British |
| JONES, Lyndon Meirion | Director | 2003-10-29 | Nov 1957 | Welsh |
| MARTIN, Rob | Director | 2022-02-28 | Oct 1987 | British |
| ROBB, Alan Brodie | Director | 2012-11-16 | Aug 1966 | British |
| ROBERTS, Michael John | Director | 2011-11-23 | May 1960 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CENTRAL SECRETARIES LIMITED | Corporate Nominee Secretary | 2003-10-29 | 2003-10-29 |
| BARKER, Matthew John | Director | 2012-01-02 | 2016-10-11 |
| ROBB, Alan Brodie | Director | 2003-10-29 | 2006-10-31 |
| CENTRAL DIRECTORS LIMITED | Corporate Nominee Director | 2003-10-29 | 2003-10-29 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Lyndon Meirion Jones | Individual | Shares 75–100% | 2016-04-06 | Active |
| Sers Energy Solutions Holdings Ltd | Corporate entity | Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 95 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-10-24 CC04 Statement of companys objects
- 2021-10-24 MA Memorandum articles
- 2021-10-24 RESOLUTIONS Resolution
- 2021-02-09 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-12-10 | AA | accounts | Accounts with accounts type full | |
| 2025-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type small | |
| 2023-11-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type small | |
| 2022-11-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-30 | AA | accounts | Accounts with accounts type small | |
| 2022-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2021-11-12 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-10-24 | CC04 | change-of-constitution | Statement of companys objects | |
| 2021-10-24 | MA | incorporation | Memorandum articles | |
| 2021-10-24 | RESOLUTIONS | resolution | Resolution | |
| 2021-10-18 | AA | accounts | Accounts with accounts type group | |
| 2021-02-09 | RESOLUTIONS | resolution | Resolution | |
| 2021-01-29 | SH01 | capital | Capital allotment shares | |
| 2021-01-28 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-01-28 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2020-12-16 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.