SUSTAINABLE DEVELOPMENT CAPITAL LLP
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-08-18 (in 3mo)
Last made up 2025-08-04
Watchouts
None on the register
Cash
£13M
+264.8% vs 2024
Net assets
£7M
+873.7% vs 2024
Employees
57
+11.8% vs 2024
Profit before tax
-£14M
-119.1% vs 2024
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £15,228,286 | £12,254,347 | |
| Operating profit | -£5,380,373 | -£11,180,036 | |
| Profit before tax | -£6,236,472 | -£13,662,684 | |
| Net profit | -£6,239,210 | -£13,709,728 | |
| Cash | £3,480,045 | £12,694,234 | |
| Total assets less current liabilities | £696,353 | £22,516,675 | |
| Net assets | £696,353 | £6,780,535 | |
| Equity | £875,127 | £6,709,250 | |
| Average employees | 51 | 57 | |
| Wages | £10,888,430 | £9,021,712 |
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 | -35.3% | -91.2% | |
| Net margin | -41.0% | -111.9% | |
| Return on capital employed | -772.7% | -49.7% | |
| Current ratio | 0.76x | 4.28x | |
| Interest cover | -6.78x | -9.28x |
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
- RSM UK Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- SUSTAINABLE DEVELOPMENT CAPITAL LLP · parent
- Sustainable Development Capital Infrastructure Partners Limited 100%
- SDCL EE CO (UK) GP 2A LIMITED 100%
- SDCL EE Co (UK) GP 2 Limited 100%
- IRELAND EE PERFORMANCE PARTNERS GP LIMITED 100%
- SDCL EE (Co) (UK) CIP Holdings Limited 100%
- THE LUCAS PARTNERSHIP (UK) GP LIMITED 100%
- SDCL INFRASTRUCTURE PARTNERS 1 LLP 91%
- SUSTAINABLE DEVELOPMENT CAPITAL FOUNDER PARTNER LLP 91%
- SDCL INFRASTRUCTURE PARTNERS 2 LLP 91%
- Lucas Holdings (Hong Kong) Limited 100%
- Sustainable Development Capital (Asia Pacific) Limited 100%
- SDCL Green Energy Solutions Europe DAC 100%
- SDCL Green Energy CIP Limited 100%
- SDCL Green Energy Solutions GP Limited 100%
- SDCL Holdings Limited 100%
- SDCL Energy Efficiency Investments (EMEA) GP Limited 100%
- SDCL EE CO (US) LLC 80%
- Sustainable Development Capital (US) LLC 100%
- Bright Green Cities LLC 100%
- SDCL EE CO (US) Management, LLC 100%
- Sustainable Development Capital (Asia) Limited 50%
- SDCL INFRASTRUCTURE PARTNERS LLP 82%
- SDCL EE CO (UK) LLP 100%
- SDCL Asia (Singapore) Pte. Ltd 100%
- London Edge Fund GP Limited 100%
- London Edge Fund GP CIP Limited 100%
- Combined Heat and Power Investments Ireland 2 Limited 100%
- EE CO Ireland EAST HG No 1 Limited* 100%
- EE CO Ireland EAST HG No 2 Limited* 100%
- EE CO Ireland Hospitals SJH Limited* 100%
- EE CO Ireland Hospitals SJH 2 Limited* 100%
- SDC Private Equity LLC 100%
- SDC PE GP.LLC 100%
- SDCL Finco DAC 100%
Significant events
- “In May 2024, General Atlantic SDB B.V. subscribed for a 24.9% stake in SDCL, resulting in a net cash inflow of £20.2m to enable growth.”
- “In November 2024, the Group issued £15m of Unsecured A Loan Notes to General Atlantic, which were used to fully repay the loan facility with Emigrant Partners LLC.”
- “In November 2025, the Board resolved to approve the issue of additional members interests up to a maximum of £20m, with General Atlantic committed to subscribe for a minimum of £11.5m.”
- “The SDCL Board decided that investing in private equity business was not a core pillar, leading to a spin out of the private equity team post year end.”
- “The decision was made to liquidate SEDA in October 2024, resulting in SDCL writing off an accrual of £3.5 million.”
- “In September 2025, the Board resolved to approve the sale of all ordinary members interest held in subsidiary SDC Private Equity LLC, receiving a $2m preferred interest in a newly formed entity 67 Capital Partners LLC.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAXWELL, Jonathan Marc | Llp Designated Member | 2007-07-31 | Apr 1974 | — |
| SHAHMOON, Eli Allen | Llp Designated Member | 2007-07-31 | Dec 1966 | — |
| LAKE, Gareth | Llp Member | 2008-12-15 | Sep 1970 | — |
| LEVY, Gilad | Llp Member | 2019-09-03 | Dec 1974 | — |
| MAGUIRE, James | Llp Member | 2011-03-31 | Feb 1964 | — |
| PLUMBRIDGE, Glen | Llp Member | 2011-03-31 | Oct 1964 | — |
| DAVIS INVESTMENT HOLDINGS, LLC | Corporate Llp Member | 2024-05-29 | — | — |
| EARTH CAPITAL HOLDINGS LIMITED | Corporate Llp Member | 2011-07-26 | — | — |
| FE ADVISERS LIMITED | Corporate Llp Member | 2012-02-07 | — | — |
| GENERAL ATLANTIC SDB B.V., | Corporate Llp Member | 2024-07-31 | — | — |
| MITSUI & CO EUROPE PLC | Corporate Llp Member | 2014-12-23 | — | — |
| VOLERY MANAGEMENT HOLDINGS LLC | Corporate Llp Member | 2023-08-26 | — | — |
| VOLERY SDCL HOLDCO, LLC | Corporate Llp Member | 2020-07-30 | — | — |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRASS, Joanna Margaret | Llp Member | 2011-03-31 | 2020-07-30 |
| LEVY, Gilad | Llp Member | 2011-03-31 | 2015-09-02 |
| PIMM, Lawrence Warren | Llp Member | 2011-03-31 | 2024-09-13 |
| SEGAL, Florence | Llp Member | 2011-03-31 | 2020-07-30 |
| SEGAL, Jason Andrew | Llp Member | 2011-03-31 | 2024-09-13 |
| ML EQUITY LIMITED | Corporate Llp Member | 2011-03-31 | 2019-09-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Victor Lap Lik Chu | Individual | voting-rights-25-to-50-percent-limited-liability-partnership | 2017-10-23 | Ceased 2024-01-18 |
| Mr Jonathan Maxwell | Individual | significant-influence-or-control-limited-liability-partnership | 2016-08-08 | Active |
Filing timeline
Last 20 of 91 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-02 | LLPSC04 | persons-with-significant-control | Change to a person with significant control limited liability partnership | |
| 2026-01-09 | AA | accounts | Accounts with accounts type group | |
| 2025-08-06 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2025-08-04 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-31 | LLAD01 | address | Change registered office address limited liability partnership with date old address new address | |
| 2025-07-18 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2025-05-08 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2025-05-02 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2025-05-02 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2025-05-02 | LLMR04 | mortgage | Mortgage satisfy charge full limited liability partnership | |
| 2025-04-29 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2025-02-03 | AA | accounts | Accounts with accounts type group | |
| 2024-09-16 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2024-09-16 | LLTM01 | officers | Termination member limited liability partnership with name termination date | |
| 2024-09-16 | LLCH02 | officers | Change corporate member limited liability partnership with name change date | |
| 2024-08-13 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-08-05 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2024-08-05 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2024-08-05 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2024-05-09 | LLPAUD | auditors | Auditors resignation limited liability partnership |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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
-19.5%
£15,228,286 £12,254,347
-
Cash
+264.8%
£3,480,045 £12,694,234
-
Net assets
+873.7%
£696,353 £6,780,535
-
Employees
+11.8%
51 57
-
Operating profit
-107.8%
-£5,380,373 -£11,180,036
-
Profit before tax
-119.1%
-£6,236,472 -£13,662,684
-
Wages
-17.1%
£10,888,430 £9,021,712
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