SOLEN ENERGY UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-26 (in 6mo)
Last made up 2025-11-12
Watchouts
Cash
£1M
-28.7% vs 2023
Net assets
£10M
+15.6% highest in 6 filed years
Employees
35
+29.6% highest in 6 filed years
Profit before tax
£3M
-50.4% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Consumer Discretionary median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £17,551,312 | £51,614,618 | £61,867,776 | £43,132,125 | |
| Operating profit | — | — | £902,324 | £4,846,606 | £5,375,831 | £2,654,863 | |
| Profit before tax | — | — | £855,817 | £4,726,545 | £5,046,363 | £2,502,506 | |
| Net profit | — | — | £691,089 | £3,821,229 | £3,847,884 | £1,799,979 | |
| Cash | £267,095 | £122,995 | £1,293,682 | £855,315 | £1,426,872 | £1,016,736 | |
| Total assets less current liabilities | £1,262,497 | £1,544,469 | £1,834,724 | £5,339,966 | £9,844,635 | £11,930,629 | |
| Net assets | £1,259,101 | £1,320,734 | £1,832,073 | £5,334,507 | £8,604,381 | £9,944,759 | |
| Equity | £1,259,101 | £1,320,734 | £1,832,073 | £5,334,507 | £8,604,381 | £9,944,759 | |
| Average employees | 15 | 13 | 15 | 18 | 27 | 35 | |
| Wages | — | — | £531,446 | £1,008,896 | £1,447,725 | £1,804,885 | |
| Directors' remuneration | — | — | £24,000 | £24,000 | £24,000 | — |
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
-30.3%
£61,867,776 £43,132,125
-
Cash
-28.7%
£1,426,872 £1,016,736
-
Net assets
+15.6%
£8,604,381 £9,944,759
highest in 6 filed years
-
Employees
+29.6%
27 35
highest in 6 filed years
-
Operating profit
-50.6%
£5,375,831 £2,654,863
-
Profit before tax
-50.4%
£5,046,363 £2,502,506
-
Wages
+24.7%
£1,447,725 £1,804,885
highest in 4 filed years
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 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 5.1% | 9.4% | 8.7% | 6.2% | |
| Net margin | — | — | 3.9% | 7.4% | 6.2% | 4.2% | |
| Return on capital employed | — | — | 49.2% | 90.8% | 54.6% | 22.3% | |
| Gearing (liabilities / total assets) | — | — | — | — | 53.3% | 39.9% | |
| Current ratio | — | — | — | — | 1.97x | 2.95x | |
| Interest cover | — | — | 19.37x | 40.37x | 16.32x | 17.43x |
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.
Audit & accounting basis
- Accounting basis
- FRS 101 Reduced Disclosure Framework
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young Chartered Accountants
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have reviewed budgets and projected cash flows for a period of not less than 12 months from the date of approval of the financial statements and the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. On that basis, the directors have concluded that there are no material uncertainties that would cast significant doubt over the Company's ability to continue as a going concern. For this reason, the directors consider it appropriate to continue to adopt the going concern basis in preparing the financial statements.”
Significant events
- “On 7 November 2024, the Company was acquired by a subsidiary of Kingspan Group plc.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KINGSPAN GROUP LIMITED | Corporate Secretary | 2024-11-07 | — | — |
| DE RYNCK, Steven | Director | 2024-11-07 | Jan 1978 | Belgian |
| GUILMARTIN, Robert | Director | 2024-11-07 | Sep 1982 | Irish |
| HUGHES, Terence John | Director | 2014-04-01 | Oct 1972 | British |
| MCCARTHY, Gilbert | Director | 2024-11-07 | May 1971 | Irish |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SCHULMANN, Frank | Director | 2011-02-22 | 2012-11-19 |
| WILKE, Mark Dieter David | Director | 2012-11-19 | 2024-11-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Mark Dieter David Wilke | Individual | Significant influence | 2016-04-06 | Ceased 2024-10-04 |
| Mr Terence John Hughes | Individual | Significant influence | 2016-04-06 | Ceased 2024-10-04 |
| Solen Energy Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 56 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-16 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2024-11-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-11-11 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-08 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-10-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-10-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-08-19 | AA | accounts | Accounts with accounts type full | |
| 2024-08-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-04-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-21 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-06 | AA | accounts | Accounts with accounts type full | |
| 2023-04-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-05-06 | AA | accounts | Accounts with accounts type total exemption full | |
| 2022-04-28 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.