How much does Second Generation Verwood Limited make?

Second Generation Verwood Limited reported revenue of £3m and a loss of £628k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Second Generation Verwood Limited have?

Second Generation Verwood Limited reported an average of 0 employees in the year to 31 Dec 2023.

Is Second Generation Verwood Limited profitable?

No — Second Generation Verwood Limited reported a loss of £628k in the year to 31 Dec 2023.

Company No. 09119107 · Incorporated 7 Jul 2014

Second Generation Verwood Limited

Registered name: SECOND GENERATION VERWOOD LIMITED

Part of Foresight Solar Fund Limited 113721 group

Second Generation Verwood Limited made £3m revenue and a £628k loss in the year to 31 Dec 2023.

Second Generation Verwood Limited’s revenue fell 1% to £3m in the year to 31 Dec 2023, with a loss of £628k and 0 employees. The company is classified under “production of electricity” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity

Status: Active
Location: London, London
Age: 12 yrs · since 2014
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

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.

Latest accounts · year to 31 Dec 2023

Key figures

Small team

Revenue

£3m

Growth ▼1.1%

Profit

−£628k

Growth —

Profit margin

−20.9%

Gross 92.2%

Employees

Change —

Profit / employee

—

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£2.9m	£3m	£3m
Cost of sales	£216k	£311k	£235k
Gross profit	£2.7m	£2.7m	£2.8m
Operating profit	£1.4m	£1.5m	£1.4m
Profit before tax	−£490k	−£432k	−£499k
Profit after tax	−£815k	−£721k	−£628k
Profit (best available)	−£815k	−£721k	−£628k
Employees (average)	0	0	0
Ratios
Profit margin	−28.4%	−23.8%	−20.9%
Gross margin	92.5%	89.8%	92.2%
Growth (year on year)
Revenue growth	—	▲5.8%	▼1.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£866k	£1.1m	£1.4m
Net assets	−£3.2m	−£3.9m	−£4.6m
Fixed assets	£16.6m	£15.7m	£14.8m
Current assets	£1.4m	£1.8m	£2m
Debtors	£183k	£230k	£15.6k
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −20.9%; Profit ÷ revenue.
Gross margin: 92.2%; 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: 493.2%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.5%; 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 −£4.6m
Cash at bank: ▲22%; Now £1.4m
Headcount: —; Now 0
Deferred income: —; Now —
Fixed assets: ▼6%; Now £14.8m

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 Holdco 3 Limited75–100%
Second Generation Portfolio 1 Holdings Limited75–100%
Second Generation Portfolio 1 Limited75–100%
Second Generation Verwood Limitedthis company

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

Sister companies (5)

Second Generation Park Farm LimitedRev. £1.9m · Profit −£341k
Second Generation Coombeshead LimitedRev. £1.5m · Profit £248k
Second Generation Sawmills LimitedRev. £997k · Profit −£160k
Second Generation Yardwall LimitedRev. £474k · Profit −£56.4k
Tengore Solar LtdFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2023 (profit −£628k), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.