BALHEARTY SOLAR LIMITED
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Cash
£386K
+98.9% vs 2024
Net assets
-£3.1M
-11.7% vs 2024
Employees
—
Average over period
Profit before tax
-£321K
+12.5% vs 2024
Net assets
2-year trend · vs Utilities median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | £61,512 | — | |
| Operating profit | -£237,851 | -£125,121 | +47.4% | |
| Profit before tax | -£367,159 | -£321,207 | +12.5% | |
| Net profit | -£367,159 | -£321,207 | +12.5% | |
| Cash | £193,964 | £385,773 | +98.9% | |
| Total assets less current liabilities | -£2,480,375 | -£2,825,072 | -13.9% | |
| Net assets | -£2,749,905 | -£3,071,112 | -11.7% | |
| Equity | -£2,749,905 | -£3,071,112 | -11.7% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Directors' remuneration | £0 | £0 | — |
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Current ratio | 0.20x | 0.21x | |
| Interest cover | -1.84x | -0.64x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- KPMG Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements (the "going concern period").”
Significant events
- “On 27 November 2021, the Solar PV asset incurred significant damage and was no longer operational. The rebuild preparation of the Solar PV asset commenced March 2023 and was completed in October 2024, with the Company recommencing operations on 11 October 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| LAGGAN SECRETARIES LIMITED | Corporate Secretary | 2018-07-03 | — | — |
| CORAZZA, Enrico | Director | 2026-03-26 | Mar 1978 | Italian |
| TENDERINI, Filippo | Director | 2018-07-03 | Mar 1968 | Italian |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BROWN, Deborah Jane | Secretary | 2016-01-20 | 2017-04-19 |
| YAZDABADI, Alan | Secretary | 2017-04-19 | 2018-06-20 |
| ADAMS, Paul | Director | 2016-01-20 | 2017-03-29 |
| DESORGHER, Joanna Louise | Director | 2016-01-20 | 2016-06-20 |
| HICK, Karl Stephen | Director | 2016-01-20 | 2017-04-19 |
| MAHON, Stephen William, Dr | Director | 2017-04-19 | 2018-06-20 |
| NEWMAN, Andrew Jonathan Charles | Director | 2016-03-31 | 2018-06-20 |
| VAUGHAN, Sulwen | Director | 2018-06-20 | 2026-03-31 |
| YAZDABADI, Alan Adi | Director | 2017-04-19 | 2018-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Nextenergy Solar Holdings Iii Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-06-20 | Active |
| Ash Finco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-04-19 | Ceased 2018-06-20 |
| Lark Energy Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2017-04-19 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-07 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-01 | AA | accounts | Accounts with accounts type full | |
| 2025-02-18 | CH01 | officers | Change person director company with change date | |
| 2025-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-09 | AA | accounts | Accounts with accounts type micro entity | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-08 | AA | accounts | Accounts with accounts type full | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-17 | AA | accounts | Accounts with accounts type full | |
| 2022-04-11 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-30 | AA | accounts | Accounts with accounts type small | |
| 2021-01-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-29 | AA | accounts | Accounts with accounts type small | |
| 2020-05-19 | AA | accounts | Accounts with accounts type small | |
| 2020-02-27 | CH01 | officers | Change person director company with change date | |
| 2020-01-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-01-21 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- 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.