Wincelle Solar Limited
Registered name: WINCELLE SOLAR LIMITED
Part of Octopus Group Holdings Ltd groupWincelle Solar Limited made £2m revenue and £849k profit in the year to 31 Dec 2024.
Wincelle Solar Limited’s revenue grew 18% to £2m in the year to 31 Dec 2024, with £849k profit. The company is classified under “production of electricity” and is based in London; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- London
- Age
- 13 yrs · since 2012
- Type
- Private Limited Company
Key figures
Financial history
| 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) | £1.5m | £1.7m | £2m |
| Cost of sales | −£1m | −£1m | −£1m |
| Gross profit | £499k | £666k | £963k |
| Operating profit | £471k | £612k | £842k |
| Profit before tax | £204k | £387k | £720k |
| Profit after tax | £234k | £394k | £849k |
| Profit (best available) | £234k | £394k | £849k |
| Employees (average) | — | — | — |
| Ratios | |||
| Profit margin | 15.6% | 23.2% | 42.2% |
| Gross margin | 33.3% | 39.2% | 47.9% |
| Growth (year on year) | |||
| Revenue growth | — | ▲13.4% | ▲18.3% |
| Profit growth | — | ▲68.2% | ▲115.4% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Jan 2025 | Accounts · bulk data Jan 2025 | Accounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 42.2%
- Profit ÷ revenue.
- Gross margin
- 47.9%
- 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.
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 —
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Octopus Group Holdings Ltdultimate parent75–100%
- Octopus Capital Limited75–100%
- Octopus Investments Limited75–100%
- Octopus Investments Nominees Limited75–100%
- Octopus Renewables Infrastructure Trust PLC75–100%
- Orit Holdings II Limited75–100%
- Orit UK Acquisitions Limited75–100%
- Orit UK Acquisitions Midco Limited75–100%
- Wincelle Solar Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (9)
- Abbots Ripton Solar Energy LimitedFigures not disclosed
- Burwell 11 Solar Holdco LimitedFigures not disclosed
- Chisbon Solar Farm LimitedFigures not disclosed
- Cumberhead Wind Energy LimitedFigures not disclosed
- Jura Solar LimitedFigures not disclosed
- Mingay Farm LimitedFigures not disclosed
- Nge LimitedFigures not disclosed
- Sun Green Energy LimitedFigures not disclosed
- Westerfield Solar LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2024 (profit £849k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Updated from Companies House on 18 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.