Back to search

Solen Energy Uk Limited

07539158

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

19 MONTAGUE ROAD, WIDNES, WA8 8FZ
Incorporated 22/02/2011

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 12/11/2025

Due 26/11/2026

On track

Industry

32990
Other manufacturing

Officers

Mr Terence John Hughes

director · Since 01/04/2014

SALES AND TECHNICAL DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 2 other boards

Kingspan Group Limited

secretary · Since 07/11/2024

BRITISH

Also on 127 other boards

Mr Steven De Rynck

director · Since 07/11/2024

DIRECTOR

BELGIAN · BELGIUM · Age 48

Mr Robert Guilmartin

director · Since 07/11/2024

COMPANY SECRETARY/DIRECTOR

IRISH · IRELAND · Age 43

Mr Gilbert Mccarthy

director · Since 07/11/2024

DIRECTOR

IRISH · IRELAND · Age 55

Persons with Significant Control

Solen Energy Group Limited

75–100% shares
75–100% votes
Appoint directors

19, Montague Road, Widnes, WA8 8FZ

Reg: 07935365 · Registrar Of Companies For England And Wales · Private Limited Company

Notified 06/04/2016

Former PSCs

Mr Mark Dieter David Wilke

Ceased 04/10/2024

Mr Terence John Hughes

Ceased 04/10/2024

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC (CRN: 2065)

Created 15/08/2023Registered 21/08/2023
Charge
outstanding

LLOYDS BANK PLC

Created 03/03/2023Registered 03/03/2023
Charge
outstanding

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 13/02/2017Registered 13/02/2017
Charge
satisfied

ULTIMATE INVOICE FINANCE LIMITED

Created 19/06/2014Registered 30/06/2014Satisfied 03/03/2017
charge
satisfied

NORWEPP (GENERAL PARTNER) LIMITED

Created 30/06/2011Registered 06/07/2011Satisfied 19/08/2024

CompanyRankvs 1566+ SIC 32990 peers
65

Financial strength99th percentile among SIC peers · 25/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.99× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2023

Turnover

£61.9M

Annual revenue

Net Worth

£8.6M

Balance sheet strength

Cash

£1.4M

Cash in the bank

Profit Before Tax

£5.0M

Bottom line earnings

Net Current Assets

£7.8M

Working capital

Current Assets

£15.6M

Current Liabilities

£7.8M

Fixed Assets

£2.1M

Debtors

£5.6M

Cost of Sales

£54.5M

Gross Profit

£7.4M

Admin Expenses

£2.0M

Operating Profit

£5.4M

Profit After Tax

£3.8M

27avg. employees+9

Tax at Year End

Corp tax£503k
Dividends paid£578k

People Costs

Wages & salaries£1.4M
NI contributions£163k

Balance Sheet

Bank loans & overdrafts£91k
Assets less current liabilities£9.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20231.99+£3.3M
20221.65+£3.5M
20211.28+£511k
20201.87+£62k
20191.38+£252k
20181.36

Derived from filed accounts. Not audited figures.