salt separation services limited
salt separation services limited Company Information
Company Number
02457981
Next Accounts
Jan 2026
Shareholders
stephen grindrod discretionary trust
d.w. shackleton
View AllGroup Structure
View All
Industry
Other manufacturing n.e.c.
Registered Address
grosvenor house, gorrell street, rochdale, lancs, OL11 1AP
Website
www.saltsep.co.uksalt separation services limited Estimated Valuation
Pomanda estimates the enterprise value of SALT SEPARATION SERVICES LIMITED at £7.6m based on a Turnover of £10.9m and 0.69x industry multiple (adjusted for size and gross margin).
salt separation services limited Estimated Valuation
Pomanda estimates the enterprise value of SALT SEPARATION SERVICES LIMITED at £464.7k based on an EBITDA of £100k and a 4.65x industry multiple (adjusted for size and gross margin).
salt separation services limited Estimated Valuation
Pomanda estimates the enterprise value of SALT SEPARATION SERVICES LIMITED at £11.2m based on Net Assets of £5.2m and 2.14x industry multiple (adjusted for liquidity).
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Salt Separation Services Limited Overview
Salt Separation Services Limited is a live company located in rochdale, OL11 1AP with a Companies House number of 02457981. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in January 1990, it's largest shareholder is stephen grindrod discretionary trust with a 50% stake. Salt Separation Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with healthy growth in recent years.
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Salt Separation Services Limited Health Check
Pomanda's financial health check has awarded Salt Separation Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
7 Weak
Size
annual sales of £10.9m, make it smaller than the average company (£14.1m)
£10.9m - Salt Separation Services Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9.2%)
10% - Salt Separation Services Limited
9.2% - Industry AVG
Production
with a gross margin of 20.3%, this company has a higher cost of product (30.3%)
20.3% - Salt Separation Services Limited
30.3% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (6.4%)
0.2% - Salt Separation Services Limited
6.4% - Industry AVG
Employees
with 83 employees, this is similar to the industry average (72)
83 - Salt Separation Services Limited
72 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.4k)
£42.9k - Salt Separation Services Limited
£42.4k - Industry AVG
Efficiency
resulting in sales per employee of £131.1k, this is less efficient (£177.7k)
£131.1k - Salt Separation Services Limited
£177.7k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (53 days)
109 days - Salt Separation Services Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (40 days)
28 days - Salt Separation Services Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 92 days, this is more than average (66 days)
92 days - Salt Separation Services Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (13 weeks)
21 weeks - Salt Separation Services Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26%, this is a lower level of debt than the average (47.1%)
26% - Salt Separation Services Limited
47.1% - Industry AVG
SALT SEPARATION SERVICES LIMITED financials
Salt Separation Services Limited's latest turnover from April 2024 is £10.9 million and the company has net assets of £5.2 million. According to their latest financial statements, Salt Separation Services Limited has 83 employees and maintains cash reserves of £725.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,877,892 | 10,561,551 | 7,807,745 | 8,226,940 | 7,499,698 | 8,868,259 | 8,456,763 | 6,353,170 | 6,963,672 | 7,216,755 | |||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 8,673,403 | 7,339,924 | 6,320,162 | 6,457,373 | 6,056,078 | 6,756,931 | 6,183,645 | 5,022,700 | 5,878,969 | 5,985,859 | |||||
| Gross Profit | 2,204,489 | 3,221,627 | 1,487,583 | 1,769,567 | 1,443,620 | 2,111,328 | 2,273,118 | 1,330,470 | 1,084,703 | 1,230,896 | |||||
| Admin Expenses | 2,183,669 | 2,727,916 | 1,633,437 | 1,015,230 | 748,742 | 744,252 | 798,006 | 712,772 | 668,845 | 660,087 | |||||
| Operating Profit | 20,820 | 493,711 | -145,854 | 754,337 | 694,878 | 1,367,076 | 1,475,112 | 617,698 | 415,858 | 570,809 | |||||
| Interest Payable | 153 | 3,490 | 5,059 | 4,467 | 14 | ||||||||||
| Interest Receivable | 28,404 | 31,772 | 429 | 707 | 8,013 | 8,182 | 5,663 | 6,500 | 3,968 | 6,965 | |||||
| Pre-Tax Profit | 96,639 | 507,445 | -190,101 | 755,044 | 702,891 | 1,371,768 | 1,475,716 | 619,731 | 419,812 | 577,774 | |||||
| Tax | 22,670 | -118,841 | 23,547 | -80,512 | -138,375 | -103,498 | -283,592 | -63,093 | 123,522 | -122,484 | |||||
| Profit After Tax | 119,309 | 388,604 | -166,554 | 674,532 | 564,516 | 1,268,270 | 1,192,124 | 556,638 | 543,334 | 455,290 | |||||
| Dividends Paid | 240,000 | 800,000 | 605,000 | 605,000 | 305,000 | 200,000 | |||||||||
| Retained Profit | 119,309 | 148,604 | -166,554 | 674,532 | 564,516 | 468,270 | 587,124 | -48,362 | 238,334 | 255,290 | |||||
| Employee Costs | 3,562,427 | 4,032,489 | 2,910,478 | 2,621,629 | 2,583,477 | 2,696,422 | 2,552,870 | 2,114,450 | 1,976,090 | 1,899,043 | |||||
| Number Of Employees | 83 | 81 | 73 | 72 | 66 | 63 | 63 | 58 | 55 | 48 | |||||
| EBITDA* | 99,954 | 573,146 | 46,600 | 926,702 | 813,101 | 1,459,914 | 1,566,500 | 704,479 | 480,769 | 623,604 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 535,598 | 514,873 | 532,947 | 637,126 | 706,765 | 687,244 | 779,170 | 828,071 | 1,078,852 | 198,807 | 196,422 | 207,485 | 139,931 | 93,279 | 75,818 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 239,971 | 442,866 | 455,477 | ||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 775,569 | 957,739 | 988,424 | 637,126 | 706,765 | 687,244 | 779,170 | 828,071 | 1,078,852 | 198,807 | 196,422 | 207,485 | 139,931 | 93,279 | 75,818 |
| Stock & work in progress | 2,204,878 | 3,036,782 | 1,596,417 | 1,543,525 | 1,022,334 | 1,039,731 | 735,043 | 1,356,485 | 575,324 | 767,122 | 1,137,689 | 1,205,086 | 430,676 | 335,890 | 630,463 |
| Trade Debtors | 3,261,132 | 2,392,495 | 1,935,564 | 1,011,346 | 841,162 | 1,890,611 | 1,796,688 | 1,522,430 | 1,728,861 | 1,788,052 | 1,445,313 | 1,145,804 | 585,110 | 235,738 | 135,165 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 102,441 | 339,903 | 353,088 | 200,432 | 45,350 | 172,509 | 56,163 | 65,286 | 150,035 | ||||||
| Cash | 725,377 | 524,114 | 1,622,116 | 3,466,972 | 2,565,869 | 1,790,335 | 2,823,509 | 422,798 | 677,770 | 1,268,467 | 802,812 | 1,042,704 | 1,279,994 | 2,009,157 | 1,091,176 |
| misc current assets | 67,623 | 42,354 | 42,265 | 48,174 | 51,528 | 9,010 | 66,955 | 60,963 | |||||||
| total current assets | 6,293,828 | 6,293,294 | 5,507,185 | 6,222,275 | 4,474,715 | 4,893,186 | 5,411,403 | 3,369,336 | 3,089,595 | 4,015,941 | 3,433,988 | 3,445,122 | 2,304,790 | 2,647,740 | 1,917,767 |
| total assets | 7,069,397 | 7,251,033 | 6,495,609 | 6,859,401 | 5,181,480 | 5,580,430 | 6,190,573 | 4,197,407 | 4,168,447 | 4,214,748 | 3,630,410 | 3,652,607 | 2,444,721 | 2,741,019 | 1,993,585 |
| Bank overdraft | 12,979 | 80,000 | |||||||||||||
| Bank loan | 12,979 | ||||||||||||||
| Trade Creditors | 666,385 | 1,130,989 | 888,883 | 580,007 | 238,000 | 488,397 | 474,132 | 437,839 | 461,171 | 686,306 | 651,099 | 1,629,097 | 897,100 | 1,730,511 | 1,169,837 |
| Group/Directors Accounts | 297 | 297 | 297 | 297 | 297 | 300,297 | 296 | 96,588 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,113,090 | 958,213 | 597,591 | 1,103,951 | 436,686 | 1,152,185 | 2,099,909 | 709,144 | 522,829 | 998,183 | 594,609 | ||||
| total current liabilities | 1,779,475 | 2,089,202 | 1,486,474 | 1,684,255 | 674,983 | 1,640,879 | 2,587,317 | 1,160,259 | 1,364,297 | 1,684,785 | 1,342,296 | 1,629,097 | 897,100 | 1,730,511 | 1,169,837 |
| loans | 143,828 | 155,574 | 313,333 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 6,215 | ||||||||||||||
| provisions | 58,338 | 49,556 | 45,464 | 44,921 | 50,804 | 48,374 | 36,521 | 45,791 | 47,305 | 38,089 | 34,575 | 25,261 | 22,970 | 19,954 | |
| total long term liabilities | 58,338 | 49,556 | 45,464 | 44,921 | 50,804 | 48,374 | 180,349 | 201,365 | 360,638 | 38,089 | 34,575 | 25,261 | 22,970 | 19,954 | 6,215 |
| total liabilities | 1,837,813 | 2,138,758 | 1,531,938 | 1,729,176 | 725,787 | 1,689,253 | 2,767,666 | 1,361,624 | 1,724,935 | 1,722,874 | 1,376,871 | 1,654,358 | 920,070 | 1,750,465 | 1,176,052 |
| net assets | 5,231,584 | 5,112,275 | 4,963,671 | 5,130,225 | 4,455,693 | 3,891,177 | 3,422,907 | 2,835,783 | 2,443,512 | 2,491,874 | 2,253,539 | 1,998,249 | 1,524,651 | 990,554 | 817,533 |
| total shareholders funds | 5,231,584 | 5,112,275 | 4,963,671 | 5,130,225 | 4,455,693 | 3,891,177 | 3,422,907 | 2,835,783 | 2,443,512 | 2,491,874 | 2,253,539 | 1,998,249 | 1,524,651 | 990,554 | 817,533 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 20,820 | 493,711 | -145,854 | 754,337 | 694,878 | 1,367,076 | 1,475,112 | 617,698 | 415,858 | 570,809 | |||||
| Depreciation | 79,134 | 79,435 | 192,454 | 172,365 | 118,223 | 92,838 | 91,388 | 87,097 | 86,781 | 64,911 | 52,795 | 46,350 | 32,811 | 28,710 | 37,957 |
| Amortisation | |||||||||||||||
| Tax | 22,670 | -118,841 | 23,547 | -80,512 | -138,375 | -103,498 | -283,592 | -63,093 | 123,522 | -122,484 | |||||
| Stock | -831,904 | 1,440,365 | 52,892 | 521,191 | -17,397 | 304,688 | -621,442 | 781,161 | -191,798 | -370,567 | -67,397 | 774,410 | 94,786 | -294,573 | 630,463 |
| Debtors | 631,175 | 443,746 | 1,076,874 | 325,266 | -1,176,608 | 210,269 | 330,421 | -271,717 | -143,940 | 492,774 | 299,509 | 560,694 | 349,372 | 100,573 | 135,165 |
| Creditors | -464,604 | 242,106 | 308,876 | 342,007 | -250,397 | 14,265 | 36,293 | -23,332 | -225,135 | 35,207 | -977,998 | 731,997 | -833,411 | 560,674 | 1,169,837 |
| Accruals and Deferred Income | 154,877 | 360,622 | -506,360 | 667,265 | -715,499 | -947,724 | 1,390,765 | 186,315 | -475,354 | 403,574 | 594,609 | ||||
| Deferred Taxes & Provisions | 8,782 | 4,092 | 543 | -5,883 | 2,430 | 11,853 | -9,270 | -1,514 | 9,216 | 3,514 | 9,314 | 2,291 | 3,016 | 19,954 | |
| Cash flow from operations | 22,408 | -822,986 | -1,256,560 | 1,003,122 | 905,265 | -80,147 | 2,991,717 | 285,851 | 924,379 | -105,067 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | 20,991 | -42,487 | -967,115 | -67,419 | -46,211 | ||||||||||
| Change in Investments | -202,895 | -12,611 | 455,477 | ||||||||||||
| cash flow from investments | 202,895 | 12,611 | -455,477 | 20,991 | -42,487 | -967,115 | -67,419 | -46,211 | |||||||
| Financing Activities | |||||||||||||||
| Bank loans | -12,979 | 12,979 | |||||||||||||
| Group/Directors Accounts | -297 | -300,000 | 300,001 | -96,292 | 96,588 | ||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -143,828 | -11,746 | -157,759 | 313,333 | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -6,215 | 6,215 | |||||||||||||
| share issue | |||||||||||||||
| interest | 28,404 | 31,772 | 276 | 707 | 8,013 | 4,692 | 604 | 2,033 | 3,954 | 6,965 | |||||
| cash flow from financing | 28,404 | 31,772 | -21 | 707 | 8,013 | -152,115 | 1,837 | 615,367 | -92,337 | 103,553 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 201,263 | -1,098,002 | -1,844,856 | 901,103 | 775,534 | -1,033,174 | 2,400,711 | -254,972 | -590,697 | 465,655 | -239,892 | -237,290 | -729,163 | 917,981 | 1,091,176 |
| overdraft | -12,979 | -67,021 | 80,000 | ||||||||||||
| change in cash | 201,263 | -1,098,002 | -1,844,856 | 901,103 | 775,534 | -1,033,174 | 2,413,690 | -187,951 | -670,697 | 465,655 | -239,892 | -237,290 | -729,163 | 917,981 | 1,091,176 |
salt separation services limited Credit Report and Business Information
Salt Separation Services Limited Competitor Analysis
Perform a competitor analysis for salt separation services limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in OL11 area or any other competitors across 12 key performance metrics.
salt separation services limited Ownership
SALT SEPARATION SERVICES LIMITED group structure
Salt Separation Services Limited has no subsidiary companies.
Ultimate parent company
SALT SEPARATION SERVICES LIMITED
02457981
salt separation services limited directors
Salt Separation Services Limited currently has 4 directors. The longest serving directors include Mr Daniel Shackleton (Oct 2007) and Miss Sarah Ashworth (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Shackleton | United Kingdom | 54 years | Oct 2007 | - | Director |
| Miss Sarah Ashworth | 33 years | Nov 2019 | - | Director | |
| Miss Laura Grindrod | 28 years | Oct 2023 | - | Director | |
| Mr Michael Grindrod | 32 years | Oct 2023 | - | Director |
P&L
April 2024turnover
10.9m
+3%
operating profit
20.8k
-96%
gross margin
20.3%
-33.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
5.2m
+0.02%
total assets
7.1m
-0.03%
cash
725.4k
+0.38%
net assets
Total assets minus all liabilities
salt separation services limited company details
company number
02457981
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
January 1990
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2024
previous names
hardonisk limited (March 1990)
accountant
-
auditor
CHAMPION ACCOUNTANTS LLP
address
grosvenor house, gorrell street, rochdale, lancs, OL11 1AP
Bank
-
Legal Advisor
-
salt separation services limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to salt separation services limited.
salt separation services limited Capital Raised & Share Issues BETA
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salt separation services limited Companies House Filings - See Documents
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