Sunlight Technology Plc

Company Overview

Sunlight Technology owns over 2,700 solar PV installations generating over seven megawatts of renewable electricity every year. Sunlight’s assets are fully-installed and income-producing domestic solar systems which benefit from the government’s Feed-In Tariff (FIT) scheme. Under the FIT scheme payments are received by Sunlight directly from an electricity supply company, as is obligated under government legislation. Payments continue for a period of 25 years or 20 years depending on the date of installation. 

Sunlight provides homeowners with affordable green energy at the point of use and shareholders with a reliable government-backed income stream. The company also trades and maintains solar and other green energy products. Sunlight’s office in the heart of Manchester monitors its asset portfolio to maintain and improve its performance. Sunlight has also recently established a subsidiary business to sell complementary technology to its customers and the wider UK renewables market. Business growth is now being driven via expansion into air source heat pump technologies, domestic battery solutions and other renewable product offerings.

  • Statistics
  • Management
  • Financials
Symbol SUN
Indicative price HALT
Change on price 0.00
Currency GBp
Market Cap £8,82m

Company Directors

Mr David Gammond

CEO

David founded Goldfield Partners Ltd in 2010 and Sunlight Technology in 2011 and is CEO of the Sunlight group, handling £16 million of domestic solar assets nationwide. He also worked alongside A Shade Greener as they developed and launched the UK’s first free domestic solar model and has extensive experience of the solar industry. David’s previous venture, Elephant Loans & Mortgages plc, was listed on AIM in 2005. He has over 20 years’ experience in corporate and property finance. David also co-founded Cheval, Excel Securities and Superbridge, boasting 15 years’ experience in the commercial property finance industry.

Mr Paul Thompson

Chairman

Paul has been chairman of the Sunlight group since 2011 and is also a founding partner of Prosper Capital LLP.  Paul has been involved in green energy since 2010 and has been raising capital to support young businesses for the last 25 years. He was a founder of Dover Street Capital Limited in 2001 which raised over £60 million for film and commercial property funds. He founded Capital Exchange Limited, an FCA-regulated advisory service that matched angel and institutional investors with small investors before selling it in 2000. He was also a partner of Cygnus Venture Partners, a £50 million venture capital fund specialising in start-up and early stage funding and helped the early development of key companies including Biocompatibles plc, Deltex Medical plc and Axis-Shield plc. He has a broad experience of British industry having served on the boards of companies in diverse sectors such as oil services, medical instrumentation, specialised foods, leisure and financial services.

Mr Karl Fernandes

Operations Director

Having obtained a Bachelor’s degree in computer applications, Karl built a career in information technology before joining Goldfield Partners, the original asset manager for Sunlight, in September 2011. Joining Goldfield Partners as the Head of IT, Karl has since created the IT infrastructure that Sunlight use today. Karl now oversees the operations of Sunlight’s asset portfolio.

Mr Angus Thompson

Legal Director

Angus is a financial services lawyer who worked at law firms Herbert Smith, Bird & Bird and Howard Kennedy before moving in-house to Capita plc as Head of Legal for Capita’s financial services division. He has experience of FCA regulated work in funds and public company sectors as well as private equity, mergers and acquisitions and listings experience. Angus handles all legal matters for the Company.

Company Financials

Download recent financial documents for Sunlight Technology Plc.

Consolidated Balance Sheet 31/12/2017

Financial Statements 31st Dec 2017

Company Information

ISIN GB00BG0CVD75
Company number 07769407
Par value 0.10 GBp
Class of security ORDINARY
Settlement type CREST
Registrar Share Registrars
Dealing restrictions

TRADING HALT

Country of incorporation UK
Status Live

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