SOLAI HOLDINGS LIMITED
Ultimately owned by Matel Ltd, this privately held holding company operates and invests in subsidiaries across the oil and gas, manufacturing, shipping, and real estate sectors throughout the United Kingdom and Africa.
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Cash
£159m
-18.7% lowest in 3 filed years
Net assets
£755m
+9% highest in 3 filed years
Employees
712
+30.2% highest in 3 filed years
Profit before tax
£158m
+13.9% vs 2024
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £1,646,404,000 | £1,327,014,000 | £1,435,785,000 | +8.2% | |
| Operating profit | £116,345,000 | £71,265,000 | £124,845,000 | +75.2% | |
| Profit before tax | £207,802,000 | £138,704,000 | £157,939,000 | +13.9% | |
| Net profit | £216,743,000 | £130,876,000 | £84,512,000 | -35.4% | |
| Cash | £250,584,000 | £195,500,000 | £158,982,000 | -18.7% | |
| Total assets less current liabilities | £715,727,000 | £740,788,000 | £897,232,000 | +21.1% | |
| Net assets | £656,466,000 | £692,721,000 | £755,125,000 | +9% | |
| Equity | £656,466,000 | £692,721,000 | £755,125,000 | +9% | |
| Average employees | 485 | 547 | 712 | +30.2% | |
| Wages | £9,903,000 | £9,949,000 | £11,816,000 | +18.8% | |
| Directors' remuneration | £1,815,000 | £2,565,000 | £2,571,000 | +0.2% | |
| Directors' pension contributions | £0 | £0 | — | — | |
| Highest paid director | £615,000 | £858,000 | £862,000 | +0.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 7.1% | 5.4% | 8.7% | |
| Net margin | 13.2% | 9.9% | 5.9% | |
| Return on capital employed | 16.3% | 9.6% | 13.9% | |
| Gearing (liabilities / total assets) | 42.8% | 35.3% | 40.2% | |
| Current ratio | 1.07x | 1.36x | 1.22x | |
| Interest cover | 3.79x | 2.79x | 5.30x |
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
- Sopher + Co LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors believe the group will generate sufficient working capital and cashflows to continue in operational existence and have as a result prepared the financial statements on a going concern basis.”
Group structure
- SOLAI HOLDINGS LIMITED · parent
- 73WHR Limited 100%
- 11 Hospitality Limited 100%
- 33 Hospitality Limited 100%
- Agri-chemicals Limited 100%
- Bish 1 Limited 100%
- Bish 2 Limited 100%
- Bishopswood Estates Limited 100%
- Cestates Limited 100%
- Dune Resources Limited 100%
- Iceport Limited 100%
- Iceport One Limited 100%
- Iceport Two Limited 100%
- Kerio Limited 100%
- Kestates Limited 100%
- Matel Limited 100%
- Nelson House Cambridge Limited 100%
- Oakfield Court (Welwyn) Management Company Ltd 100%
- Purebond Limited 100%
- Solai House Limited 100%
- Solai Services Limited 100%
- Solai USA Limited 100%
- Tempsford Estates Limited 100%
- Uestates Limited 100%
- Venoil Limited 100%
- Waite Davies Limited 100%
Significant events
- “Since the year end the group purchased an additional 183,443,926 shares for £13,421,640 in Savannah Energy Plc, a listed investment, increasing its ownership to 30.23% such that it became an associated undertaking.”
- “In January 2026, the Nigerian government suspended the issuance of import permits for refined petroleum products, to prioritise local production at the Dangote refinery.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KANSAGRA, Bhupendra Shantilal | Secretary | — | — | British |
| KANSAGRA, Bhupendra Shantilal | Director | — | May 1956 | British |
| KANSAGRA, Rajni Shantilal | Director | — | Nov 1942 | British |
| KANSAGRA, Ramesh Shantilal | Director | — | Aug 1950 | British |
Ownership
Persons with significant control
Filing timeline
Last 20 of 127 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-07 | AA | accounts | Accounts with accounts type group | |
| 2026-09-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-28 | AA | accounts | Accounts with accounts type group | |
| 2025-09-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-20 | AA | accounts | Accounts with accounts type group | |
| 2024-10-30 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-14 | AA | accounts | Accounts with accounts type group | |
| 2023-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-12 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-14 | AA | accounts | Accounts with accounts type group | |
| 2022-09-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-03-30 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-09-23 | AA | accounts | Accounts with accounts type group | |
| 2021-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-07 | AA | accounts | Accounts with accounts type group | |
| 2020-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-06-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-01-08 | AA01 | accounts | Change account reference date company previous shortened | |
| 2019-11-13 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- 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.