SOLAR TOPCO LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-07-22 (in 2mo)
Last made up 2025-07-08
Watchouts
None on the register
Cash
£5M
-48% vs 2024
Net assets
-£29M
-99.5% vs 2024
Employees
44
+51.7% vs 2024
Profit before tax
-£15M
-74.7% vs 2024
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £29,725,399 | £47,946,193 | |
| Operating profit | £113,448 | £416,468 | |
| Profit before tax | -£8,694,518 | -£15,188,512 | |
| Net profit | -£9,450,964 | -£14,516,913 | |
| Cash | £9,521,155 | £4,952,913 | |
| Total assets less current liabilities | £59,520,566 | £30,594,522 | |
| Net assets | -£14,464,905 | -£28,863,411 | |
| Equity | -£14,464,905 | -£28,863,411 | |
| Average employees | 29 | 44 | |
| Wages | £3,014,309 | £5,247,449 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 0.4% | 0.9% | |
| Net margin | -31.8% | -30.3% | |
| Return on capital employed | 0.2% | 1.4% | |
| Gearing (liabilities / total assets) | 111.6% | 123.7% | |
| Current ratio | 0.36x | 0.34x | |
| Interest cover | 0.01x | 0.02x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Forvis Mazars LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Group's Investors have provided a letter of support which guarantees that any future funds required to continue as a going concern if necessary for a period of no less than 12 months from the date of these financial statements are approved. After making enquiries, including taking into account the Group's forecasts, the Directors consider it appropriate to prepare these financial statements on a going concern basis.”
Group structure
- SOLAR TOPCO LIMITED · parent
- Solar Bidco Limited 100%
- Solar Midco 1 Limited 100%
- Solar Midco 2 Limited 100%
- CNX Therapeutics Limited 100%
- Solar UK OPCO Limited 100%
- Synchrony Pharma Limited 100%
- CNX Therapeutics Netherlands B.V. 100%
- CNX Therapeutics Ireland Limited 100%
- CNX Therapeutics France S.A.S 100%
Significant events
- “On 22 May 2025 the Company was acquired 100% by a new ultimate parent company and is therefore part of a new group. Under the new group, the ultimate parent undertaking is Clementine Topco Ltd, a company incorporated in Guernsey.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AWIT, Henry James | Director | 2025-05-20 | Jul 1993 | British |
| CLARK, Guy Hedley | Director | 2022-01-12 | Sep 1969 | British |
| FELLOWES, Christian Victor | Director | 2024-07-17 | Nov 1980 | British |
| MASTERSON, Claire Siobhan | Director | 2024-08-15 | Oct 1981 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAGGER, Robert Andrew John | Director | 2021-07-09 | 2025-05-21 |
| LONG, Ben | Director | 2021-07-09 | 2024-07-17 |
| LUND, Olga Feodorovna | Director | 2021-08-17 | 2024-07-23 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 50 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-29 RP04SH01 Legacy PDF
- 2024-08-28 MA Memorandum articles
- 2024-08-28 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | SH01 | capital | Capital allotment shares | |
| 2025-08-20 | AA | accounts | Accounts with accounts type group | |
| 2025-08-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-29 | RP04SH01 | change-of-name | Legacy | |
| 2025-07-22 | SH06 | capital | Capital cancellation shares | |
| 2025-07-09 | SH03 | capital | Capital return purchase own shares | |
| 2025-06-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-04 | SH01 | capital | Capital allotment shares | |
| 2024-09-06 | AA | accounts | Accounts with accounts type group | |
| 2024-09-05 | SH01 | capital | Capital allotment shares | |
| 2024-09-03 | SH10 | capital | Capital variation of rights attached to shares | |
| 2024-08-28 | SH08 | capital | Capital name of class of shares | |
| 2024-08-28 | MA | incorporation | Memorandum articles | |
| 2024-08-28 | RESOLUTIONS | resolution | Resolution | |
| 2024-08-16 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-25 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-18 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-18 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 7
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
+61.3%
£29,725,399 £47,946,193
-
Cash
-48%
£9,521,155 £4,952,913
-
Net assets
-99.5%
-£14,464,905 -£28,863,411
-
Employees
+51.7%
29 44
-
Operating profit
+267.1%
£113,448 £416,468
-
Profit before tax
-74.7%
-£8,694,518 -£15,188,512
-
Wages
+74.1%
£3,014,309 £5,247,449
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers