SHAMS MAAN SOLAR UK LIMITED
Backed by investors including the State of Qatar and Kawar Solar Investments, the company serves as a UK-based holding entity for the Shams Maan solar power project in Jordan.
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Cash
£9.4m
USD 12,615,000
-3.1% vs 2024
Net assets
£25m
USD 33,587,000
-3.3% vs 2024
Employees
23
-4.2% lowest in 3 filed years
Profit before tax
£4.1m
USD 5,455,000
+2.4% highest in 3 filed years
Net assets
3-year trend · vs Utilities 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 | £17,206,243 | £17,944,259 | £17,734,671 | -1.2% | |
| Operating profit | £7,044,221 | £7,837,235 | £7,418,060 | -5.3% | |
| Profit before tax | £2,846,525 | £3,958,380 | £4,054,255 | +2.4% | |
| Net profit | £2,523,226 | £3,550,353 | £3,197,324 | -9.9% | |
| Cash | £7,662,579 | £9,674,470 | £9,375,697 | -3.1% | |
| Total assets less current liabilities | — | £79,319,955 | £72,812,337 | -8.2% | |
| Net assets | £23,999,257 | £25,805,277 | £24,962,467 | -3.3% | |
| Equity | £23,999,257 | £25,805,277 | £24,962,467 | -3.3% | |
| Average employees | 36 | 24 | 23 | -4.2% | |
| Wages | £432,553 | £359,718 | £381,271 | +6% | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 40.9% | 43.7% | 41.8% | |
| Net margin | 14.7% | 19.8% | 18.0% | |
| Return on capital employed | — | 9.9% | 10.2% | |
| Gearing (liabilities / total assets) | 73.9% | 70.7% | 69.4% | |
| Current ratio | 1.21x | 1.40x | 1.51x | |
| Interest cover | 1.61x | 1.93x | 2.08x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate. The Directors have reviewed a cash flow forecast and concluded that, in both the base case and reasonably possible downsides, the Company and the Group will have sufficient funds to meet its liabilities as they fall due for that period.”
Group structure
- SHAMS MAAN SOLAR UK LIMITED · parent
- South Solar Energy PSC 100%
- Shams Ma'an Power Generation PSC 100%
Significant events
- “Under the PPA, SMPG is entitled to a 75% tax relief for 10 years following the commercial operation date, which will expire in September 2026. Therefore, the Group's foreign corporation tax charge would increase following the expiry of the tax relief.”
- “SMPG, the principal operating subsidiary of the Group, is currently engaged in a dispute with the local tax authorities regarding the latter's decision on 2019 and 2020 tax assessment for SMPG. SMPG has appealed the assessment to the tax court in Jordan, and as of the date of these financial statements, no final decision has been issued. The outcome of the case remains uncertain.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ABOUNAHIA, Hussam Jehad | Director | 2014-07-08 | Aug 1965 | American |
| INGVORSEN, Stuart Craig, Mr. | Director | 2021-04-01 | Sep 1974 | Australian |
| JOLO, Khalid Mohd Y | Director | 2016-11-10 | Nov 1973 | Qatari |
| KAWAR, Karim Tawfiq Amin | Director | 2014-06-24 | Jun 1966 | Jordanian |
| KAWAR, Rudain Tawfiq Amin | Director | 2014-06-24 | Aug 1964 | Jordanian |
| MURAKAMI, Rikako, Ms. | Director | 2025-01-20 | May 1993 | Japanese |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AL-BAKER, Fawaz Abdulaziz Sa | Director | 2014-07-08 | 2016-11-10 |
| DINCKI, Manuel Serge | Director | 2020-01-22 | 2021-04-01 |
| KODAIRA, Yukinori | Director | 2015-09-17 | 2020-01-22 |
| NAGANO, Akinori, Mr. | Director | 2023-04-01 | 2025-01-20 |
| SUZUKI, Keiichi | Director | 2015-04-01 | 2020-01-22 |
| SUZUKI, Motosaburo | Director | 2014-05-27 | 2015-09-17 |
| TAKESHITA, Shoichi | Director | 2020-01-22 | 2021-04-01 |
| TANNO, Choei, Mr. | Director | 2021-04-01 | 2023-04-01 |
| TSUCHIYA, Shinji | Director | 2014-05-27 | 2015-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The State Of Qatar | Corporate entity | Shares 25–50%, Voting 25–50% | 2017-04-29 | Active |
| Jordan Energy Investment 2 Limited | Corporate entity | Shares 25–50% | 2016-06-04 | Active |
| Kawar Solar Investments Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2016-04-22 | Active |
Filing timeline
Last 20 of 72 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-11 | AA | accounts | Accounts with accounts type group | |
| 2026-06-20 | CH01 | officers | Change person director company with change date | |
| 2026-06-19 | CH01 | officers | Change person director company with change date | |
| 2026-05-05 | CH01 | officers | Change person director company with change date | |
| 2025-09-26 | CH01 | officers | Change person director company with change date | |
| 2025-08-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-12 | AA | accounts | Accounts with accounts type group | |
| 2025-01-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-25 | AA | accounts | Accounts with accounts type group | |
| 2023-08-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-26 | AA | accounts | Accounts with accounts type group | |
| 2023-04-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-04-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-01-17 | CH01 | officers | Change person director company with change date | |
| 2022-08-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-07-06 | AAMD | accounts | Accounts amended with accounts type group | |
| 2022-07-06 | AAMD | accounts | Accounts amended with accounts type group | |
| 2022-06-09 | AA | accounts | Accounts with accounts type group |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- 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.