US SOLAR FUND PLC
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Next accounts due
2027-06-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-01-02 (in 8mo)
Last made up 2025-12-19
Watchouts
None on the register
Cash
£1M
USD 1,531,000
+72% vs 2024
Net assets
£139M
USD 186,207,000
-4.1% vs 2024
Employees
14
-6.7% vs 2024
Profit before tax
-£6M
USD -8,552,000
+79.9% vs 2024
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Turnover | £8,494,431 | £8,720,939 | |
| Operating profit | — | — | |
| Profit before tax | -£31,758,989 | -£6,393,063 | |
| Net profit | -£26,076,101 | -£36,630 | |
| Cash | £665,321 | £1,144,502 | |
| Total assets less current liabilities | £145,138,671 | £139,199,372 | |
| Net assets | £145,138,671 | £139,199,372 | |
| Equity | £145,138,671 | £139,199,372 | |
| Average employees | 15 | 14 | |
| Wages | £1,898,781 | £1,483,143 | |
| Directors' remuneration | £63,542 | £53,076 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
-
Turnover
+2.7%
£8,494,431 £8,720,939
-
Cash
+72%
£665,321 £1,144,502
-
Net assets
-4.1%
£145,138,671 £139,199,372
-
Employees
-6.7%
15 14
-
Profit before tax
+79.9%
-£31,758,989 -£6,393,063
-
Wages
-21.9%
£1,898,781 £1,483,143
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 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Net margin | -307.0% | -0.4% | |
| Gearing (liabilities / total assets) | 0.4% | 0.4% | |
| Current ratio | 2.08x | 2.89x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In our opinion the financial statements have been prepared on the going concern basis, as detailed in Note 2 to the financial statements.”
Group structure
- US SOLAR FUND PLC · parent
- USF Holding Corp. 1%
- USF Avon LLC 1%
- USF Bristol LLC 1%
- USF Surrey LLC 1%
- USF Essex LLC 1%
- USF Dorset LLC 1%
Significant events
- “On 18 March 2026, the Board announced the declaration of a nominal dividend for Q4 2025, with future dividends to be determined once there is sufficient visibility and stability in cash flows to support a sustainable distribution.”
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 |
|---|---|---|---|---|
| JTC (UK) LIMITED | Corporate Secretary | 2019-01-10 | — | — |
| LERDAL, Mark David | Director | 2024-10-01 | Feb 1959 | American |
| NOTT, Gillian | Director | 2019-02-15 | May 1945 | British |
| PLAGEMANN, Thomas | Director | 2020-06-29 | Mar 1963 | American |
| RICHARDS, Jamie Craig | Director | 2019-02-15 | Jun 1972 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARTIN, John Stuart | Director | 2019-01-10 | 2019-02-15 |
| NUTTER, Rachael | Director | 2019-02-15 | 2024-05-21 |
| TAN, Josephine | Director | 2019-02-15 | 2020-05-15 |
| VAN DER VLIES, Michael Declan | Director | 2019-01-10 | 2019-02-15 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 53 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-06-04 RESOLUTIONS Resolution
- 2024-05-30 RESOLUTIONS Resolution
- 2023-06-07 RESOLUTIONS Resolution
- 2022-05-31 RESOLUTIONS Resolution
- 2021-06-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-03 | AA | accounts | Accounts with accounts type full | |
| 2025-12-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-06 | AA | accounts | Accounts with accounts type full | |
| 2025-06-04 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-22 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-12-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-29 | AA | accounts | Accounts with accounts type interim | |
| 2024-10-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-23 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2024-05-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-05-28 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-10 | AA | accounts | Accounts with accounts type full | |
| 2023-12-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-07 | RESOLUTIONS | resolution | Resolution | |
| 2023-04-03 | AA | accounts | Accounts with accounts type full | |
| 2022-12-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-05-31 | RESOLUTIONS | resolution | Resolution | |
| 2022-04-28 | AA | accounts | Accounts with accounts type full | |
| 2022-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-08 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 1
- 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.