Solo Topco Limited

Private Limited Company · Fareham

ActiveUnited KingdomIncorporated 2019Private Limited Company

Financial position

Accounts to 2025-12-31 · GBP · Group accounts

Net assets

−£151,369,006

Cash

£10,747,997

Turnover

£205,154,766

Profit / loss

−£37,774,501

Current assets

£103,630,743

Creditors < 1 year

£137,088,433

Equity

−£151,369,006

Average employees

Not available

Balance-sheet trend

GBP · consolidated

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures	2025-12-31Group · AI-read	2024-12-31Group · AI-read
Balance sheet
Net assets	−£151,369,006	−£113,586,977
Equity	−£151,369,006	−£113,586,977
Share capital	£8,871	£9,047
Retained earnings	−£151,809,377	−£114,034,876
Assets
Fixed assets	£174,552,781	£179,753,752
Intangible assets	£171,948,298	£176,859,107
Property, plant & equipment	£2,604,475	£2,894,637
Investments	£8	£8
Current assets	£103,630,743	£94,610,256
Cash at bank	£10,747,997	£3,417,454
Debtors	£91,222,287	£90,145,042
Stock	£1,660,459	£1,047,760
Liabilities
Creditors within one year	£137,088,433	£128,035,940
Creditors after one year	£281,397,479	£246,802,193
Bank loans & overdrafts	£261,427,746	£226,833,675
Provisions	£11,066,618	£13,112,852
Net current assets	−£33,457,690	−£33,425,684
Assets less current liabilities	£141,095,091	£146,328,068
Profit & loss
Turnover	£205,154,766	£198,471,915
Cost of sales	£140,912,450	£143,429,400
Gross profit	£64,242,316	£55,042,515
Administrative expenses	£67,139,900	£55,886,638
Other operating income	£302,204	£301,707
Operating profit	−£2,595,380	−£542,416
Interest receivable	£16,722	£15,242
Interest payable	£34,298,061	£36,165,873
Profit before tax	−£36,876,719	−£36,693,047
Tax	£897,782	−£2,688,182
Profit / loss	−£37,774,501	−£34,004,865
Operating costs
Depreciation	£1,168,967	£2,056,170
Amortisation	£28,415,440	£26,551,741
Operating lease charges	£1,117,080	£751,023
Audit fees	£301,746	£282,000
Cash flow
Cash from operations	−£6,515,051	−£3,076,821
Capital expenditure	£813,593	£734,646
Net debt	£250,695,663	—
People & pay
Staff costs	£37,103,250	£36,454,134
Wages & salaries	£32,282,167	£31,948,947
Social security costs	£3,931,109	£3,604,961
Pension costs	£889,974	£900,226
Directors' remuneration	£603,876	£872,680
Highest paid director	£965,485	£408,673
Source evidence	View filing	View filing

From the accounts

What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.

Auditor: RSM UK Audit LLP
Audit opinion: Clean (unmodified)
Ultimate parent: Solo Topco Limited
Ultimate controlling party: No ultimate controlling party
Accounts: Full accounts · FRS 102
Approved: 2026-05-27, signed by P Greensmith

Turnover by segment (12)

Commissions: 78,254,162 (2025-12-31)
Products: 20,605,792 (2025-12-31)
Solutions: 102,374,348 (2025-12-31)
Other: 705,080 (2025-12-31)
Services: 3,215,384 (2025-12-31)
United Kingdom: 205,154,766 (2025-12-31)
Commissions: 75,791,135 (2024-12-31)
Products: 17,681,219 (2024-12-31)
Solutions: 102,242,137 (2024-12-31)
Other: 709,723 (2024-12-31)
Services: 2,047,701 (2024-12-31)
United Kingdom: 198,471,915 (2024-12-31)

Related parties (2)

Other related parties · Entities with common directorship and/or common shareholders, being former subsidiary undertakings of Onecom Group Limited · Amounts due from related parties; Group balance · 52,451
Other related parties · Entities with common directorship and/or common shareholders, being former subsidiary undertakings of Onecom Group Limited · Amounts due from related parties; Group balance · 10,313

Borrowings (7)

Loan funding: principal value · £147,000,000 · 6.36% plus SONIA · Falls due on 16 January 2032 · secured on Secured by fixed and floating charges over the group's assets
Loan funding: principal value · £56,300,000 · 3.50% plus SONIA · Falls due on 16 January 2032 · secured on Secured by fixed and floating charges over the group's assets
Loan funding: principal value · £5,109,000 · 3.50% plus SONIA · Falls due on 16 January 2032 · secured on Secured by fixed and floating charges over the group's assets
Loan funding: principal value · £13,291,000 · 6.36% plus SONIA · Falls due on 16 January 2032 · secured on Secured by fixed and floating charges over the group's assets
Other loans; loan notes · £44,754,975 · 12% · Repayable in 2 years · secured on Secured by a fixed and floating charge over the groups assets
Other loans; unsecured loans · £37,500 · Interest free · Repaid on 31 March 2026 · secured on Unsecured
Other loans; COVID bounce back loan · £nil · 2.5% · Repaid in full in February 2025 · secured on Unsecured

Share classes (10)

48,119 Ordinary A shares of 5p each of 5p
35,246 Ordinary B shares of 10p each of 10p
749 Ordinary C shares of 20p each of 20p
13,946 Ordinary D shares of 20p each of 20p
5 Ordinary E shares of 20p each of 20p
48,119 Ordinary A shares of 5p each of 5p
35,246 Ordinary B shares of 10p each of 10p
921 Ordinary C shares of 20p each of 20p
14,562 Ordinary D shares of 20p each of 20p
5 Ordinary E shares of 20p each of 20p

Events after the year end (2)

On 30 January 2026, Onecom Limited acquired Matrix Business Group Limited, the parent company of Matrix Business IT Limited, for a maximum consideration of £3.8m which has been funded through by the Group’s acquisition facility.
During 2026 the Company repurchased and cancelled a number of its own ordinary shares (992). These purchases relate to the changes in the senior management team.

Contingent liabilities (1)

In order for the subsidiary companies, listed in note 15, to take the audit exemption in section 479A of the Companies Act 2006, the Company has guaranteed all outstanding liabilities of those subsidiary companies at 31 December 2025 until those liabilities are satisfied in full.