How much does Smsl2 Limited make?

Smsl2 Limited reported revenue of £938k and £366k profit in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Smsl2 Limited have?

Smsl2 Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is Smsl2 Limited profitable?

Yes — Smsl2 Limited reported a profit of £366k in the year to 31 Dec 2025.

Company No. 09941616 · Incorporated 7 Jan 2016

Smsl2 Limited

Registered name: SMSL2 LIMITED

Part of Greencoat Solar Assets I Limited group

Smsl2 Limited made £938k revenue and £366k profit in the year to 31 Dec 2025.

Smsl2 Limited’s revenue grew 26% to £938k in the year to 31 Dec 2025, with £366k profit and 0 employees. The company is classified under “production of electricity” and is based in Exeter; we hold 3 years of its filed accounts.

Full P&L filedSIC 35110Production of electricity

Status: Active
Location: Exeter
Age: 10 yrs · since 2016
Type: Private Limited Company

Latest accounts · year to 31 Dec 2025

Key figures

Revenue

£938k

Growth ▲25.9%

Profit

£366k

Growth ▲71.3%

Profit margin

39.1%

Gross 96%

Employees

Change —

Profit / employee

—

Profitable streak

3yrs

Consecutive profitable years in our data

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)	£624k	£745k	£938k
Cost of sales	−£47.3k	−£43.9k	−£37.6k
Gross profit	£577k	£701k	£900k
Operating profit	£357k	£467k	£662k
Profit before tax	£168k	£285k	£489k
Profit after tax	£127k	£214k	£366k
Profit (best available)	£127k	£214k	£366k
Employees (average)	0	0	0
Ratios
Profit margin	20.3%	28.7%	39.1%
Gross margin	92.4%	94.1%	96%
Growth (year on year)
Revenue growth	—	▲19.3%	▲25.9%
Profit growth	—	▲68.5%	▲71.3%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Jun 2025	Accounts · bulk data Jun 2025	Accounts · bulk data Oct 2026

Derived from the latest filing

How the business works

Profit margin: 39.1%; Profit ÷ revenue.
Gross margin: 96%; 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

Greencoat Solar Assets I Limitedultimate parent75–100%
Scottow Moor Solar Limited75–100%
Smsl2 Limitedthis company

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

Sister companies (3)

Smsl1 LimitedFigures not disclosed
Smsl3 LimitedFigures not disclosed
Smsl4 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 2025 (profit £366k), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.

Updated from Companies House on 17 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.