How much does Second Generation Portfolio 1 Limited make?

Second Generation Portfolio 1 Limited reported revenue of £11.2m and £2m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Second Generation Portfolio 1 Limited have?

Second Generation Portfolio 1 Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is Second Generation Portfolio 1 Limited profitable?

Yes — Second Generation Portfolio 1 Limited reported a profit of £2m in the year to 31 Dec 2025.

Company No. 09581720 · Incorporated 8 May 2015

Second Generation Portfolio 1 Limited

Registered name: SECOND GENERATION PORTFOLIO 1 LIMITED

Part of Foresight Solar Fund Limited 113721 group

Second Generation Portfolio 1 Limited made £11.2m revenue and £2m profit in the year to 31 Dec 2025.

Second Generation Portfolio 1 Limited’s revenue grew 29% to £11.2m in the year to 31 Dec 2025, with £2m profit 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: 11 yrs · since 2015
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 2025

Key figures

Small teamOperating leverage

Revenue

£11.2m

Growth ▲29%

Profit

£2m

Growth ▲91%

Profit margin

17.4%

Gross 93.7%

Employees

Change —

Profit / employee

—

Profitable streak

2yrs

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 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£8.4m	£8.7m	£11.2m
Cost of sales	−£621k	−£648k	−£703k
Gross profit	£7.7m	£8.1m	£10.5m
Operating profit	£3.8m	£4.2m	£6.5m
Profit before tax	−£182k	£1.2m	£3.1m
Profit after tax	−£887k	£1m	£2m
Profit (best available)	−£887k	£1m	£2m
Employees (average)	0	0	0
Ratios
Profit margin	−10.6%	11.8%	17.4%
Gross margin	92.6%	92.6%	93.7%
Growth (year on year)
Revenue growth	—	▲4.2%	▲29%
Profit growth	—	—	▲91%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Oct 2025	Accounts · bulk data Oct 2025	Accounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 17.4%; Profit ÷ revenue.
Gross margin: 93.7%; 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 Holdco 3 Limited75–100%
Second Generation Portfolio 1 Holdings Limited75–100%
Second Generation Portfolio 1 Limitedthis company

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

Subsidiaries (6)

Second Generation Verwood LimitedRev. £3m · Profit −£628k
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 2025 (profit £2m), from the Companies House accounts bulk data published May 2026. 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.