How much does Second Generation Portfolio 1 Holdings Limited make?

Second Generation Portfolio 1 Holdings Limited reported revenue of £11.2m and £2.1m profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

Is Second Generation Portfolio 1 Holdings Limited profitable?

Yes — Second Generation Portfolio 1 Holdings Limited reported a profit of £2.1m in the year to 31 Dec 2025.

Company No. 09581757 · Incorporated 8 May 2015

Second Generation Portfolio 1 Holdings Limited

Registered name: SECOND GENERATION PORTFOLIO 1 HOLDINGS LIMITED

Part of Foresight Solar Fund Limited 113721 group

Second Generation Portfolio 1 Holdings Limited made £11.2m revenue and £2.1m profit in the year to 31 Dec 2025.

Second Generation Portfolio 1 Holdings Limited’s revenue grew 28% to £11.2m in the year to 31 Dec 2025, with £2.1m profit. The company is classified under “production of electricity” and is based in London; we hold 5 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

Operating leverage

Revenue

£11.2m

Growth ▲27.8%

Profit

£2.1m

Growth ▲94.7%

Profit margin

18.3%

Gross 93.7%

Employees

—

Change —

Profit / employee

—

Profitable streak

5yrs

Consecutive profitable years in our data

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

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£0	£0	£0	£8.8m	£11.2m
Cost of sales	—	—	—	−£648k	−£703k
Gross profit	—	—	—	£8.1m	£10.5m
Operating profit	−£1k	−£1	−£8.7k	£4.2m	£6.5m
Profit before tax	£47.3k	£47.2k	£16.7k	£1.2m	£3.3m
Profit after tax	£47.3k	£47.2k	£16.7k	£1.1m	£2.1m
Profit (best available)	£47.3k	£47.2k	£16.7k	£1.1m	£2.1m
Employees (average)	0	0	0	—	—
Ratios
Profit margin	—	—	—	12%	18.3%
Gross margin	—	—	—	92.6%	93.7%
Growth (year on year)
Revenue growth	—	—	—	—	▲27.8%
Profit growth	—	▼0.2%	▼64.5%	▲6220%	▲94.7%
Balance sheet — indirect signals, not revenue
Net assets	£2.5m	£2.5m	£2.5m	—	—
Fixed assets	£22.7m	£22.6m	£21.4m	—	—
Debtors	£548k	£1.6m	£512k	—	—
Source	Accounts · bulk data Dec 2023	Accounts · bulk data Dec 2023	Accounts · bulk data Sep 2024	Accounts · bulk data May 2026	Accounts · bulk data May 2026

Derived from the latest filing

How the business works

Profit margin: 18.3%; 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 —
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 Limitedthis company

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

Subsidiaries (1)

Second Generation Portfolio 1 LimitedRev. £11.2m · Profit £2m

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 31 Dec 2025 (profit £2.1m), 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.