Solar Holdings Topco Limited
Registered name: SOLAR HOLDINGS TOPCO LIMITED
Solar Holdings Topco Limited made £538m revenue and a £65.3m loss in the year to 2 Jan 2026.
Solar Holdings Topco Limited’s revenue grew 21% to £538m in the year to 2 Jan 2026, with a loss of £65.3m and 4,851 employees. The company is classified under “activities of other holding companies” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 4 yrs · since 2022
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 3 Jan 2024 | 2 Jan 2025 | 3 Jan 2025 | 2 Jan 2026 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £454m | £443m | £443m | £538m |
| Operating profit | −£62.9m | −£47.5m | −£47.5m | £13.2m |
| Profit before tax | −£103m | −£105m | −£105m | −£63.7m |
| Profit after tax | −£102m | −£102m | −£102m | −£65.3m |
| Profit (best available) | −£102m | −£102m | −£102m | −£65.3m |
| Employees (average) | 3,164 | 4,402 | 4,402 | 4,851 |
| Ratios | ||||
| Profit margin | −22.6% | −22.9% | −22.9% | −12.1% |
| Revenue per employee | £144k | £101k | £101k | £111k |
| Profit per employee | −£32.4k | −£23.1k | −£23.1k | −£13.5k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼2.4% | — | ▲21.5% |
| Headcount growth | — | ▲39.1% | — | ▲10.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2026 | Accounts · bulk data Sep 2025 | Accounts · bulk data Sep 2026 |
How the business works
- Profit margin
- −12.1%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £111k
- Revenue ÷ average employees.
- Profit per employee
- −£13.5k
- 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.
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
- ▲10%
- Now 4,851
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Subsidiaries (1)
- Solar Holdings Midco LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 2 Jan 2026 (profit −£65.3m), 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.