SOLAR CENTURY AFRICA LIMITED
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Cash
£113k
USD 152,000
-52.3% vs 2024
Net assets
-£3m
USD -3,971,000
+22.1% vs 2024
Employees
20
+11.1% highest in 5 filed years
Profit before tax
-£656k
USD -883,000
+65.2% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
6-year trend · vs Utilities median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £1,857,174 | £68,387 | £1,651,664 | £3,140,097 | +90.1% | |
| Operating profit | — | -£706,898 | -£16,173 | -£3,093,792 | -£1,442,499 | -£321,070 | +77.7% | |
| Profit before tax | — | -£709,686 | -£60,324 | -£3,213,319 | -£1,885,932 | -£656,262 | +65.2% | |
| Net profit | — | -£709,686 | -£60,324 | — | -£1,885,932 | -£648,086 | +65.6% | |
| Cash | £1 | £14,223 | £61,001 | £722,420 | £236,864 | £112,969 | -52.3% | |
| Total assets less current liabilities | — | — | — | — | -£3,146,786 | £3,800,074 | +220.8% | |
| Net assets | — | — | — | — | -£3,789,669 | -£2,951,319 | +22.1% | |
| Equity | £1 | — | -£980,218 | — | -£3,789,212 | -£2,951,319 | +22.1% | |
| Average employees | — | 6 | 8 | 15 | 18 | 20 | +11.1% | |
| Wages | — | £373,559 | £954,776 | £1,673,621 | £1,377,501 | £1,884,801 | +36.8% | |
| Directors' remuneration | — | — | — | £69,014 | £155,333 | £297,287 | +91.4% |
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -0.9% | — | -87.3% | -10.2% | |
| Net margin | — | — | -3.2% | — | -114.2% | -20.6% | |
| Return on capital employed | — | — | — | — | — | -8.4% | |
| Gearing (liabilities / total assets) | — | — | — | — | 162.3% | 130.4% | |
| Current ratio | — | — | — | 0.45x | 0.53x | 0.07x | |
| Interest cover | — | — | — | -34.83x | -2.65x | -0.45x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SOLAR CENTURY AFRICA LIMITED · parent
- Solarcentury Mozambique Limited 99%
- Solarcentury Namibia (Proprietary) Limited 100%
- Solarcentury Power Limited 100%
- Solarcentury Asset Holdings (Africa Limited) 100%
- Solarcentury Trading (Proprietary) Limited 100%
- Solarcentury Asset Holdings (Namibia) Pty Ltd 100%
- Solarcentury Asset holdings Zambia Limited 100%
- Gerus Solar One (Namibia) (Proprietary) Limited 100%
- Solarcentury One Power Limited 100%
- North Mole BESS One Limited 100%
- Eureka Solar IPP Holdings Limited 100%
- Eureka Solar (Private) Ltd
- Solarcentury East Africa Ltd 90.9%
- Solarcentury Ghana Ltd
- ENRC (Botswana) Pty Ltd 100%
- Lotsane Solar (Botswana) Proprietary Limited 100%
- Solarcentury Operations Zambia Limited 100%
Significant events
- “In March 2026, an armed conflict between Iran and the United States commenced, increasing geopolitical uncertainty and causing major disruptions to global markets. As this conflict arose after the reporting date it has been treated as a non-adjusting event in accordance with IAS 10 "Events after the Reporting Period".”
- “During the year, Solarcentury Ghana Limited was liquidated and the final return of capital was remitted to Solarcentury Africa Limited in the UK in February 2025.”
- “During the year, the Company disposed of its investment in Eureka Solar (Private) Limited by way of a share transfer.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DE CARTERET, Jason | Director | 2023-08-01 | Apr 1966 | British |
| JARMOUNI, Chahid | Director | 2021-03-31 | May 1980 | French |
| KABALAN, Fadi | Director | 2021-03-31 | Nov 1979 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DAVIES, Jake | Director | 2020-02-17 | 2021-03-31 |
| GREWALL, Jasvir Singh | Director | 2021-03-31 | 2023-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Solar Century Holdings Limited | Corporate entity | Shares 75–100% | 2020-02-17 | Ceased 2021-03-31 |
Filing timeline
Last 20 of 43 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-09-09 RESOLUTIONS Resolution
- 2024-09-09 MA Memorandum articles
- 2024-08-20 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-21 | MORT MISC | mortgage | Mortgage miscellaneous | |
| 2026-07-12 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-11-14 | CH01 | officers | Change person director company with change date | |
| 2025-11-13 | CH01 | officers | Change person director company with change date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-09-24 | SH01 | capital | Capital allotment shares | |
| 2025-07-22 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-05-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type full | |
| 2024-09-09 | RESOLUTIONS | resolution | Resolution | |
| 2024-09-09 | MA | incorporation | Memorandum articles | |
| 2024-08-20 | MA | incorporation | Memorandum articles | |
| 2024-07-23 | SH01 | capital | Capital allotment shares | |
| 2024-05-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-27 | AA | accounts | Accounts with accounts type full | |
| 2023-08-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-09 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- Capital events
- 1
- 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.