Solen Energy Group Limited
Registered name: SOLEN ENERGY GROUP LIMITED
Part of Kingspan Group Plc groupSolen Energy Group Limited made £62m revenue and £3.9m profit in the year to 31 Dec 2023. read from filing text
Solen Energy Group Limited’s revenue grew 16% to £62m in the year to 31 Dec 2023, with £3.9m profit and 27 employees. The company is classified under “non-trading company” and is based in Widnes; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Widnes, North West
- Age
- 14 yrs · since 2012
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £53.3m | £62m |
| Cost of sales | £46.5m | £54.6m |
| Gross profit | £6.8m | £7.4m |
| Profit before tax | £4.8m | £5.1m |
| Profit after tax | £3.9m | £3.9m |
| Profit (best available) | £3.9m | £3.9m |
| Employees (average) | 19 | 27 |
| Ratios | ||
| Profit margin | 7.3% | 6.2% |
| Gross margin | 12.7% | 11.9% |
| Revenue per employee | £2.8m | £2.3m |
| Profit per employee | £205k | £143k |
| Growth (year on year) | ||
| Revenue growth | — | ▲16.3% |
| Profit growth | — | ▼0.8% |
| Headcount growth | — | ▲42.1% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £37.7k | £7.9k |
| Net assets | £40.7k | £192k |
| Fixed assets | £36.5k | £36.5k |
| Current assets | £37.8k | £194k |
| Debtors | £0 | £0 |
| Source | FullAccounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2024 |
How the business works
- Profit margin
- 6.2%
- Profit ÷ revenue.
- Gross margin
- 11.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £2.3m
- Revenue ÷ average employees.
- Profit per employee
- £143k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲372%
- Now £192k
- Cash at bank
- ▼79%
- Now £7.9k
- Headcount
- ▲42%
- Now 27
- Deferred income
- —
- Now —
- Fixed assets
- ▼0%
- Now £36.5k
Group structure
Ownership chain
- Kingspan Group Plc (registered outside the UK register)ultimate parent75–100%
- Kingspan Group Limited75–100%
- Solen Energy Group Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Solen Energy UK LimitedRev. £61.9m · Profit £3.8m
Sister companies (10)
- Onduline Building Products LimitedRev. £7.2m · Profit £243k
- Permastore Group LimitedRev. £824k · Profit −£254k
- Coverworld Holdings LimitedFigures not disclosed
- Ever 2479 LimitedFigures not disclosed
- Kingspan Environmental & Renewables LimitedFigures not disclosed
- Kingspan Holdings (Insulation) LimitedFigures not disclosed
- Kingspan Holdings (Panels) LimitedFigures not disclosed
- Kingspan Holdings (Structural & Offsite) LimitedFigures not disclosed
- Kingspan Investments LimitedFigures not disclosed
- Kingspan Technical Insulation LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £3.9m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.
Updated from Companies House on 12 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.