How much does Solas Properties Limited make?

Solas Properties Limited reported revenue of £147k and a loss of £3.8k in the year to 31 Jan 2026, according to its accounts filed at Companies House.

How many employees does Solas Properties Limited have?

Solas Properties Limited reported an average of 2 employees in the year to 31 Jan 2026.

Is Solas Properties Limited profitable?

No — Solas Properties Limited reported a loss of £3.8k in the year to 31 Jan 2026.

Company No. SC686222 · Incorporated 18 Jan 2021

Solas Properties Limited

Registered name: SOLAS PROPERTIES LIMITED

Part of Tob Trade Holdings Limited group

Solas Properties Limited made £146k revenue and a £3.8k loss in the year to 31 Jan 2026.

Solas Properties Limited’s revenue grew 29% to £147k in the year to 31 Jan 2026, with a loss of £3.8k and 2 employees. The company is classified under “other accommodation” and is based in Isle of Mull; we hold 4 years of its filed accounts.

Full P&L filedSection I · Accommodation and food servicesSIC 55900Other accommodation

Status: Active
Location: Isle of Mull, Scotland
Age: 5 yrs · since 2021
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: “Tob Property Management & Investments Limited”

Latest accounts · year to 31 Jan 2026

Key figures

Small team

Revenue

£147k

Growth ▲28.6%

Profit

−£3.8k

Growth —

Profit margin

−2.6%

Gross 99.2%

Employees

Change 0%

Profit / employee

−£1.9k

Revenue/employee £73.3k

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.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Jan 2023	31 Jan 2024	31 Jan 2025	31 Jan 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£63.1k	£113k	£114k	£147k
Cost of sales	—	—	—	£1.1k
Gross profit	£63.1k	£113k	£114k	£145k
Operating profit	—	—	−£16.5k	−£3.8k
Profit before tax	−£11.9k	£17.9k	−£16.5k	−£3.8k
Profit after tax	−£11.9k	£16.8k	−£16.5k	−£3.8k
Profit (best available)	−£11.9k	£16.8k	−£16.5k	−£3.8k
Employees (average)	2	2	2	2
Ratios
Profit margin	−18.8%	14.9%	−14.5%	−2.6%
Gross margin	100%	100%	100%	99.2%
Revenue per employee	£31.5k	£56.3k	£56.9k	£73.3k
Profit per employee	−£5.9k	£8.4k	−£8.3k	−£1.9k
Growth (year on year)
Revenue growth	—	▲78.5%	▲1.2%	▲28.6%
Profit growth	—	—	▼198.7%	—
Headcount growth	—	0%	0%	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£6.4k	£24.4k	£9.2k	£25.8k
Net assets	−£3.3k	£13.4k	−£3.1k	−£6.9k
Current assets	£6.6k	£24.5k	£11.4k	£25.8k
Debtors	£170	£45	£2.2k	—
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jun 2026

Derived from the latest filing

How the business works

Profit margin: −2.6%; Profit ÷ revenue.
Gross margin: 99.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £73.3k; Revenue ÷ average employees.
Profit per employee: −£1.9k; 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 −£6.9k
Cash at bank: ▲180%; Now £25.8k
Headcount: 0%; Now 2
Deferred income: —; Now —
Fixed assets: —; Now —

Corporate ownership

Group structure

Ownership chain

Tob Trade Holdings Limitedultimate parent75–100%
Solas Properties Limitedthis company

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

Sister companies (1)

Laggan Hotel Oc LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2026 (profit −£3.8k), from the Companies House accounts bulk data published Jun 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.