How much does FS Intermediate Holdco Limited make?

FS Intermediate Holdco Limited reported revenue of £100m and £61.8m profit in the year to 31 Dec 2024, according to its accounts filed at Companies House.

How many employees does FS Intermediate Holdco Limited have?

FS Intermediate Holdco Limited reported an average of 0 employees in the year to 31 Dec 2024.

Is FS Intermediate Holdco Limited profitable?

Yes — FS Intermediate Holdco Limited reported a profit of £61.8m in the year to 31 Dec 2024.

Company No. 13735710 · Incorporated 10 Nov 2021

FS Intermediate Holdco Limited

Registered name: FS INTERMEDIATE HOLDCO LIMITED

Part of Foresight Solar Fund Limited 113721 group

FS Intermediate Holdco Limited made £100m revenue and £61.8m profit in the year to 31 Dec 2024.

FS Intermediate Holdco Limited’s revenue grew 163% to £100m in the year to 31 Dec 2024, with £61.8m profit and 0 employees. The company is classified under “activities of production holding companies” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSIC 64202Activities of production holding companies

Status: Active
Location: London
Age: 4 yrs · since 2021
Type: Private Limited Company

Latest accounts · year to 31 Dec 2024

Key figures

Revenue

£100m

Growth ▲163.2%

Profit

£61.8m

Growth —

Profit margin

61.8%

Employees

Change —

Profit / employee

—

Profitable streak

1yr

Consecutive profitable years in our data

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023	31 Dec 2024
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£33.9m	£38m	£100m
Cost of sales	—	—	£38.2m
Operating profit	—	—	£61.8m
Profit before tax	−£18.1m	−£45.9m	£61.8m
Profit after tax	−£18.1m	−£45.9m	£61.8m
Profit (best available)	−£18.1m	−£45.9m	£61.8m
Employees (average)	0	0	0
Ratios
Profit margin	−53.3%	−120.8%	61.8%
Growth (year on year)
Revenue growth	—	▲12%	▲163.2%
Balance sheet — indirect signals, not revenue
Net assets	—	—	—
Source	Accounts · bulk data Sep 2024	Accounts · bulk data Sep 2024	Accounts · bulk data Feb 2026

Derived from the latest filing

How the business works

Profit margin: 61.8%; 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: —; 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

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 Top Holdco 1 Limited75–100%
FS Intermediate Holdco Limitedthis company

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

Subsidiaries (1)

FS Holdco 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 2024 (profit £61.8m), from the Companies House accounts bulk data published Feb 2026. Spotted an error? Request a correction.

Updated from Companies House on 24 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.