SECOND GENERATION PORTFOLIO 1 LIMITED
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Cash
£7.2M
+3.1% highest in 3 filed years
Net assets
£861K
+177% highest in 3 filed years
Employees
0
Average over period
Profit before tax
£3.1M
+162.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Confirmation statement overdue
Due 2026-06-25.
Net assets
3-year trend · vs Utilities median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £8,363,039 | £8,717,460 | £11,242,626 | +29% | |
| Operating profit | £3,815,954 | £4,238,070 | £6,536,280 | +54.2% | |
| Profit before tax | -£181,538 | £1,192,983 | £3,136,528 | +162.9% | |
| Net profit | -£887,367 | £1,027,159 | £1,961,839 | +91% | |
| Cash | £5,556,141 | £6,953,019 | £7,170,842 | +3.1% | |
| Total assets less current liabilities | £43,647,168 | £40,127,593 | £37,639,263 | -6.2% | |
| Net assets | -£2,146,193 | -£1,119,038 | £861,470 | +177% | |
| Equity | -£2,146,193 | -£1,119,038 | £861,470 | +177% | |
| Average employees | 0 | 0 | 0 | — | |
| 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. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 45.6% | 48.6% | 58.1% | |
| Net margin | -10.6% | 11.8% | 17.5% | |
| Return on capital employed | 8.7% | 10.6% | 17.4% | |
| Gearing (liabilities / total assets) | 104.3% | 102.3% | — | |
| Current ratio | 1.21x | 1.04x | 1.05x | |
| Interest cover | 0.95x | 1.36x | 1.87x |
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 102
- Reporting scope
- Consolidated group
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors considered that the group has adequate financing in place to continue in operational existence for the foreseeable future. On this basis they consider the going concern basis to be appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditio”
Group structure
- SECOND GENERATION PORTFOLIO 1 LIMITED · parent
- Second Generation Coombeshead Limited 100%
- Second Generation Park Farm Limited 100%
- Second Generation Sawmills Limited 100%
- Second Generation Verwood Limited 100%
- Second Generation Yardwall Limited 100%
- Tengore Solar Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ELSWORTH, Julian | Director | 2024-05-08 | Apr 1977 | British |
| GOODWIN, David | Director | 2023-10-15 | Apr 1987 | British |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| QUAYSECO LIMITED | Corporate Secretary | 2015-05-08 | 2016-10-10 |
| HILL-NORTON, Peter Tom | Director | 2015-05-08 | 2018-04-19 |
| KAPLAN, Michael Joshua | Director | 2015-05-08 | 2018-04-19 |
| SHAW, Graham Ernest | Director | 2018-04-19 | 2025-12-31 |
| PINECROFT CORPORATE SERVICES LIMITED | Corporate Director | 2018-04-19 | 2023-10-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Second Generation Portfolio 1 Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | AA | accounts | Accounts with accounts type group | |
| 2026-03-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type group | |
| 2025-09-03 | DISS40 | gazette | Gazette filings brought up to date | |
| 2025-09-02 | GAZ1 | gazette | Gazette notice compulsory | |
| 2025-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-07 | CH01 | officers | Change person director company with change date | |
| 2024-09-06 | CH01 | officers | Change person director company with change date | |
| 2024-09-04 | AA | accounts | Accounts with accounts type group | |
| 2024-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-19 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-19 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-08 | AA | accounts | Accounts with accounts type group | |
| 2023-05-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-18 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-04-17 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-04-17 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.