Sulis Midco 1 Limited
Registered name: SULIS MIDCO 1 LIMITED
Part of Owl Investment S.A.R.L groupSulis Midco 1 Limited made £1.5m revenue and a £309k loss in the year to 31 Dec 2024.
Sulis Midco 1 Limited’s revenue grew 1609% to £1.5m in the year to 31 Dec 2024, with a loss of £309k and 0 employees. The company is classified under “activities of other holding companies” and is based in Shepton Mallet; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Shepton Mallet, South West
- Age
- 2 yrs · since 2023
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 13 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £87.2k | £1.5m |
| Cost of sales | £40.2k | £468k |
| Gross profit | £47k | £1m |
| Operating profit | £40.2k | £762k |
| Profit before tax | £40.2k | −£202k |
| Profit after tax | £13.1k | −£309k |
| Profit (best available) | £13.1k | −£309k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 15% | −20.7% |
| Gross margin | 53.9% | 68.6% |
| Cash conversion | 62628% | 138.5% |
| Growth (year on year) | ||
| Revenue growth | — | ▲1609% |
| Profit growth | — | ▼2456% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £15.1k | £4.4m |
| Net assets | £36.3k | −£309k |
| Fixed assets | £25.4m | £94.8m |
| Current assets | £490k | £7.6m |
| Debtors | £34.7k | £4.2k |
| Cash from operations | £25.2m | £1.1m |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −20.7%
- Profit ÷ revenue.
- Gross margin
- 68.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- 138.5%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 6361%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.3%
- 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
- ▼950%
- Now −£309k
- Cash at bank
- ▲28979%
- Now £4.4m
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- ▲274%
- Now £94.8m
Group structure
Ownership chain
- Owl Investment S.A.R.L (registered outside the UK register)ultimate parent75–100%
- Owl Topco 1 Limited75–100%
- Owl Investment Bidco Limited75–100%
- BSR Group Holdings Limited75–100%
- BSR Finco 2 Limited75–100%
- BSR Finco 1 Limited75–100%
- Sulis Topco Limited75–100%
- Sulis Midco 1 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (6)
- Aller Langport Solar Park LimitedFigures not disclosed
- Juno 1 LimitedFigures not disclosed
- Juno 2 LimitedFigures not disclosed
- Preston Farm Solar Park LimitedFigures not disclosed
- Rampisham Woods Solar Park LimitedFigures not disclosed
- Whaddon Farm Solar Park LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£309k), from the Companies House accounts bulk data published Sep 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.