How much does Solar Century Africa Limited make?

Solar Century Africa Limited reported revenue of £55k and a loss of £2.1m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Solar Century Africa Limited have?

Solar Century Africa Limited reported an average of 15 employees in the year to 31 Dec 2023.

Is Solar Century Africa Limited profitable?

No — Solar Century Africa Limited reported a loss of £2.1m in the year to 31 Dec 2023.

Company No. 12467417 · Incorporated 17 Feb 2020

Solar Century Africa Limited

Registered name: SOLAR CENTURY AFRICA LIMITED

Solar Century Africa Limited made £55k revenue and a £2.1m loss in the year to 31 Dec 2023.

Solar Century Africa Limited’s revenue fell 97% to £55k in the year to 31 Dec 2023, with a loss of £2.1m and 15 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 SIC 35120Transmission of electricity SIC 35130Distribution of electricity SIC 35140Trade of electricity

Status: Active
Location: London, London
Age: 6 yrs · since 2020
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCash flow filed

Revenue

£55k

Growth ▼97%

Profit

−£2.1m

Growth —

Profit margin

−3823%

Employees

Change ▲87.5%

Profit / employee

−£140k

Revenue/employee £3.7k

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)	£0	£1.9m	£55k
Operating profit	−£707k	−£16.2k	−£2.5m
Profit after tax	−£710k	−£60.3k	−£2.1m
Profit (best available)	−£710k	−£60.3k	−£2.1m
Staff costs	£434k	£1.1m	£1.6m
Employees (average)	6	8	15
Ratios
Profit margin	—	−3.3%	−3823%
Revenue per employee	£0	£232k	£3.7k
Profit per employee	−£118k	−£7.5k	−£140k
Growth (year on year)
Revenue growth	—	—	▼97%
Headcount growth	—	▲33.3%	▲87.5%
Balance sheet — indirect signals, not revenue
Cash at bank	£14.2k	£61k	£567k
Net assets	−£710k	−£769k	−£2.9m
Current assets	£50k	£1.9m	£1.5m
Debtors	—	£0	£30k
Deferred income	£142k	£270k	£281k
Cash from operations	−£82k	−£83.8k	−£614k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Sep 2024

Derived from the latest filing

How the business works

Profit margin: −3823%; Profit ÷ revenue.
Gross margin: —; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £3.7k; Revenue ÷ average employees.
Profit per employee: −£140k; 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: 511.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 54.5%; 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 −£2.9m
Cash at bank: ▲829%; Now £567k
Headcount: ▲88%; Now 15
Deferred income: ▲4%; Now £281k
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

Subsidiaries (1)

Eureka Solar Ipp Holdings LimitedActive - Proposal to Strike offFigures not disclosed

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 FullAccounts for the year to 31 Dec 2023 (profit −£2.1m), 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.