Kinlochleven Power Ltd
Registered name: KINLOCHLEVEN POWER LTD
Part of Pace Topco Limited groupKinlochleven Power Ltd made £22.7m revenue and £203k profit in the year to 31 Dec 2025.
Kinlochleven Power Ltd’s revenue fell 42% to £22.7m in the year to 31 Dec 2025, with £203k profit and 2 employees. The company is classified under “production of electricity” and is based in Perth; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Perth, Scotland
- Age
- 9 yrs · since 2016
- 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. From the filing: “KLL Holdings Ltd”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £47.4m | £39m | £22.7m |
| Cost of sales | £15.9m | £11.5m | £14m |
| Gross profit | £31.4m | £27.5m | £8.8m |
| Operating profit | £31.1m | £27.2m | £8.3m |
| Profit before tax | £24.3m | £20.7m | £1.5m |
| Profit after tax | £22.5m | £15.8m | £203k |
| Profit (best available) | £22.5m | £15.8m | £203k |
| Employees (average) | 2 | 2 | 2 |
| Ratios | |||
| Profit margin | 47.5% | 40.5% | 0.9% |
| Gross margin | 66.3% | 70.5% | 38.5% |
| Revenue per employee | £23.7m | £19.5m | £11.4m |
| Profit per employee | £11.3m | £7.9m | £102k |
| Cash conversion | 102.1% | 121.4% | 153.8% |
| Growth (year on year) | |||
| Revenue growth | — | ▼17.6% | ▼41.8% |
| Profit growth | — | ▼29.9% | ▼98.7% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £14.3m | £9.1m | £2.8m |
| Net assets | £25.5m | £14.5m | £4m |
| Fixed assets | £128m | £125m | £121m |
| Current assets | £26m | £18.2m | £10.8m |
| Debtors | £6.7m | £4.9m | £4.4m |
| Cash from operations | £31.8m | £33.1m | £12.8m |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 0.9%
- Profit ÷ revenue.
- Gross margin
- 38.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £11.4m
- Revenue ÷ average employees.
- Profit per employee
- £102k
- Profit ÷ average employees.
- Cash conversion
- 153.8%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 531.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 19.1%
- 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
- ▼72%
- Now £4m
- Cash at bank
- ▼69%
- Now £2.8m
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- ▼3%
- Now £121m
Group structure
Ownership chain
- Pace Topco Limitedultimate parent75–100%
- Pace Bidco Limited75–100%
- Equitix Holdings Ltd75–100%
- Equitix Capital Eurobond 6 Limited75–100%
- KLL Holdings Ltd75–100%
- Kinlochleven Power Ltdthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £203k), 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.