How much does Carn Nicholas Solar Limited make?

Carn Nicholas Solar Limited reported revenue of £746k and a loss of £655k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Carn Nicholas Solar Limited have?

Carn Nicholas Solar Limited reported an average of 0 employees in the year to 31 Dec 2025.

Is Carn Nicholas Solar Limited profitable?

No — Carn Nicholas Solar Limited reported a loss of £655k in the year to 31 Dec 2025.

Company No. 12534442 · Incorporated 25 Mar 2020

Carn Nicholas Solar Limited

Registered name: CARN NICHOLAS SOLAR LIMITED

Part of Greencoat Solar Assets II Limited group

Carn Nicholas Solar Limited made £746k revenue and a £655k loss in the year to 31 Dec 2025. read from filing text

Carn Nicholas Solar Limited’s revenue fell 27% to £746k in the year to 31 Dec 2025, with a loss of £655k and 0 employees. The company is classified under “production of electricity” and is based in Cheltenham; we hold 2 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity

Status: Active
Location: Cheltenham, South West
Age: 6 yrs · since 2020
Type: Private Limited Company

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 immediate parent undertaking as at 31”

Latest accounts · year to 31 Dec 2025

Key figures

Small team

Revenue

£746k

Growth ▼27.2%

Profit

−£655k

Growth —

Profit margin

−87.9%

Gross 83.8%

Employees

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2024	31 Dec 2025
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£1m	£746k
Cost of sales	£97.5k	£121k
Gross profit	£927k	£625k
Operating profit	£620k	£295k
Profit before tax	£47.3k	−£255k
Profit after tax	−£29.4k	−£655k
Profit (best available)	−£29.4k	−£655k
Employees (average)	0	0
Ratios
Profit margin	−2.9%	−87.9%
Gross margin	90.5%	83.8%
Growth (year on year)
Revenue growth	—	▼27.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£236k	£85.6k
Net assets	£811k	£156k
Fixed assets	£7.8m	£7.6m
Current assets	£368k	£244k
Debtors	£107k	£1.3k
Deferred income	£124k	£159k
Source	FullAccounts · bulk data Sep 2026	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −87.9%; Profit ÷ revenue.
Gross margin: 83.8%; 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: 1013%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 21.3%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.2%; 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: ▼81%; Now £156k
Cash at bank: ▼64%; Now £85.6k
Headcount: —; Now 0
Deferred income: ▲28%; Now £159k
Fixed assets: ▼3%; Now £7.6m

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

Greencoat Solar Assets II Limitedultimate parent75–100%
Isg Renewables Limited75–100%
Carn Nicholas Solar Limitedthis company

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

Sister companies (3)

Elms Isg Solar LimitedRev. £2.4m · Profit £319k
Bicker Fen Solar LimitedRev. £1.5m · Profit £447k
Tolldish Isg Solar LimitedRev. £0 · Profit −£18.1k

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 FullAccounts for the year to 31 Dec 2025 (profit −£655k), from the Companies House accounts bulk data published Sep 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.