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Company No. 10328024 · Incorporated 12 Aug 2016

Ireel Solar Holdco Limited

Registered name: IREEL SOLAR HOLDCO LIMITED

Part of Bluefield Solar Income Fund Ltd group

Ireel Solar Holdco Limited made £409k revenue and a £4.6m loss in the year to 30 Jun 2025. read from filing text

Ireel Solar Holdco Limited’s revenue fell 7% to £409k in the year to 30 Jun 2025, with a loss of £4.6m and 0 employees. The company is classified under “activities of production holding companies” and is based in Bristol; we hold 5 years of its filed accounts.

Full P&L filedSection K · Financial and insurance activitiesSIC 64202Activities of production holding companies
Status
Active
Location
Bristol, South West
Age
10 yrs · since 2016
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. From the filing: “The Company's immediate parent company is New Road Solar Limited, a company incorporated in the”

Latest accounts · year to 30 Jun 2025

Key figures

Small team
Revenue
£409k
Growth ▼6.8%
Profit
−£4.6m
Growth —
Profit margin
−1116%
 
Employees
0
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.

5 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202130 Jun 202230 Jun 202330 Jun 202430 Jun 2025
DisclosureProfit onlyProfit onlyProfit onlyFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)———£439k£409k
Operating profit———−£1.6m−£2.2m
Profit before tax£4.3m£13.4m−£10.5m−£4.5m−£4.9m
Profit after tax£4.3m£13.4m−£10.5m−£4.9m−£4.6m
Profit (best available)£4.3m£13.4m−£10.5m−£4.9m−£4.6m
Employees (average)—0000
Ratios
Profit margin———−1117%−1116%
Growth (year on year)
Revenue growth————▼6.8%
Balance sheet — indirect signals, not revenue
Cash at bank£47.8k£364k£380k£867k£362k
Net assets£18.7m£34.1m£26.4m£20.1m£14.8m
Current assets———£4.7m£4m
Debtors£83.8k£0£369k£143k£114k
Deferred income£20.9k£112k£56.9k£127k£100k
SourceFullAccounts · bulk data Nov 2023FullAccounts · bulk data Nov 2023FullAccounts · bulk data Jan 2024FullAccounts · bulk data Jan 2025FullAccounts · bulk data Dec 2025
Derived from the latest filing

How the business works

Profit margin
−1116%
Profit ÷ revenue.
Gross margin
—
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
24.6%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
27.9%
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
▼26%
Now £14.8m
Cash at bank
▼58%
Now £362k
Headcount
—
Now 0
Deferred income
▼21%
Now £100k
Fixed assets
—
Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Bluefield Solar Income Fund Ltd (registered outside the UK register)ultimate parent75–100%
  2. Bluefield Renewables 1 Limited75–100%
  3. New Road Solar Limited75–100%
  4. Ireel Solar Holdco Limitedthis company

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

Subsidiaries (8)

Sister companies (30)

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

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Jun 2025 (profit −£4.6m), from the Companies House accounts bulk data published Dec 2025. 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.