How much does FS Top Holdco 1 Limited make?

FS Top Holdco 1 Limited reported revenue of £100m and £61.7m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does FS Top Holdco 1 Limited have?

FS Top Holdco 1 Limited reported an average of 0 employees in the year to 31 Dec 2024.

Is FS Top Holdco 1 Limited profitable?

Yes — FS Top Holdco 1 Limited reported a profit of £61.7m in the year to 31 Dec 2024.

Company No. 13734870 · Incorporated 10 Nov 2021

FS Top Holdco 1 Limited

Registered name: FS TOP HOLDCO 1 LIMITED

Part of Foresight Solar Fund Limited 113721 group

FS Top Holdco 1 Limited made £100m revenue and £61.7m profit in the year to 31 Dec 2024.

FS Top Holdco 1 Limited’s revenue grew 163% to £100m in the year to 31 Dec 2024, with £61.7m profit and 0 employees. The company is classified under “activities of production holding companies” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSIC 64202Activities of production holding companies

Status: Active
Location: London
Age: 4 yrs · since 2021
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£100m

Growth ▲163.2%

Profit

£61.7m

Growth —

Profit margin

61.8%

Employees

Change —

Profit / employee

—

Profitable streak

1yr

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£33.9m	£38m	£100m
Operating profit	—	—	£61.7m
Profit before tax	−£18.1m	−£45.9m	£61.7m
Profit after tax	−£18.1m	−£45.9m	£61.7m
Profit (best available)	−£18.1m	−£45.9m	£61.7m
Employees (average)	0	0	0
Ratios
Profit margin	−53.4%	−120.8%	61.8%
Growth (year on year)
Revenue growth	—	▲12%	▲163.2%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 61.8%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: —; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: —; Now —
Cash at bank: —; Now —
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Foresight Solar Fund Limited 113721 (registered outside the UK register)ultimate parent75–100%
Foresight Solar (UK Holdco) Limited75–100%
FS RCF Debtco Limited75–100%
FS Top Holdco 1 Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (1)

FS Intermediate Holdco LimitedFigures not disclosed

Sister companies (2)

FS Holdco 3 LimitedFigures not disclosed
FS Top Holdco2 LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2024 (profit £61.7m), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Updated from Companies House on 22 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.