salt contracts limited
salt contracts limited Company Information
Company Number
06912623
Website
www.welovesalt.comRegistered Address
9 wootton street, london, SE1 8TG
Industry
Other business support service activities n.e.c.
Telephone
02079282525
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
salt recruitment group ltd 100%
salt contracts limited Estimated Valuation
Pomanda estimates the enterprise value of SALT CONTRACTS LIMITED at £25.6m based on a Turnover of £35.8m and 0.72x industry multiple (adjusted for size and gross margin).
salt contracts limited Estimated Valuation
Pomanda estimates the enterprise value of SALT CONTRACTS LIMITED at £8.8m based on an EBITDA of £1.6m and a 5.62x industry multiple (adjusted for size and gross margin).
salt contracts limited Estimated Valuation
Pomanda estimates the enterprise value of SALT CONTRACTS LIMITED at £7m based on Net Assets of £3.1m and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Salt Contracts Limited Overview
Salt Contracts Limited is a live company located in london, SE1 8TG with a Companies House number of 06912623. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2009, it's largest shareholder is salt recruitment group ltd with a 100% stake. Salt Contracts Limited is a established, large sized company, Pomanda has estimated its turnover at £35.8m with healthy growth in recent years.
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Salt Contracts Limited Health Check
Pomanda's financial health check has awarded Salt Contracts Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £35.8m, make it larger than the average company (£3.8m)
£35.8m - Salt Contracts Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3%)
5% - Salt Contracts Limited
3% - Industry AVG
Production
with a gross margin of 15.9%, this company has a higher cost of product (38.9%)
15.9% - Salt Contracts Limited
38.9% - Industry AVG
Profitability
an operating margin of 4.4% make it less profitable than the average company (6.3%)
4.4% - Salt Contracts Limited
6.3% - Industry AVG
Employees
with 40 employees, this is above the industry average (25)
40 - Salt Contracts Limited
25 - Industry AVG
Pay Structure
on an average salary of £79.9k, the company has a higher pay structure (£50.6k)
£79.9k - Salt Contracts Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £894k, this is more efficient (£157.6k)
£894k - Salt Contracts Limited
£157.6k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (44 days)
63 days - Salt Contracts Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (33 days)
12 days - Salt Contracts Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Salt Contracts Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (24 weeks)
0 weeks - Salt Contracts Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.8%, this is a similar level of debt than the average (63.6%)
65.8% - Salt Contracts Limited
63.6% - Industry AVG
salt contracts limited Credit Report and Business Information
Salt Contracts Limited Competitor Analysis
Perform a competitor analysis for salt contracts limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
salt contracts limited Ownership
SALT CONTRACTS LIMITED group structure
Salt Contracts Limited has no subsidiary companies.
Ultimate parent company
1 parent
SALT CONTRACTS LIMITED
06912623
salt contracts limited directors
Salt Contracts Limited currently has 2 directors. The longest serving directors include Mr Paul Schiavo (May 2009) and Mr Elliot Dell (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Schiavo | Wales | 48 years | May 2009 | - | Director |
| Mr Elliot Dell | United Kingdom | 45 years | Mar 2022 | - | Director |
SALT CONTRACTS LIMITED financials
Salt Contracts Limited's latest turnover from December 2022 is £35.8 million and the company has net assets of £3.1 million. According to their latest financial statements, Salt Contracts Limited has 40 employees and maintains cash reserves of £41.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 35,761,498 | 29,313,433 | 21,894,880 | 30,942,859 | 31,980,971 | 28,392,592 | 17,525,099 | 15,209,892 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 30,076,780 | 24,862,823 | 19,007,614 | 26,658,289 | 27,767,777 | 25,215,025 | 15,227,944 | 12,972,407 | ||||||
| Gross Profit | 5,684,718 | 4,450,610 | 2,887,266 | 4,284,570 | 4,213,194 | 3,177,567 | 2,297,155 | 2,237,485 | ||||||
| Admin Expenses | 4,112,699 | 3,566,841 | 2,279,339 | 3,245,545 | 3,465,044 | 2,624,599 | 2,107,515 | 1,998,264 | ||||||
| Operating Profit | 1,572,019 | 883,769 | 607,927 | 1,039,025 | 748,150 | 552,968 | 189,640 | 239,221 | ||||||
| Interest Payable | 104,020 | 60,248 | 12,475 | 65,901 | 83,062 | 44,510 | 240 | 12,800 | ||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 1,467,999 | 823,521 | -332,054 | 973,124 | 665,088 | 508,458 | 189,400 | 226,421 | ||||||
| Tax | -280,301 | -156,924 | -114,549 | -188,902 | -133,696 | -102,619 | -42,457 | -65,794 | ||||||
| Profit After Tax | 1,187,698 | 666,597 | -446,603 | 784,222 | 531,392 | 405,839 | 146,943 | 160,627 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 113,006 | 0 | 0 | 0 | ||||||
| Retained Profit | 1,187,698 | 666,597 | -446,603 | 784,222 | 418,386 | 405,839 | 146,943 | 160,627 | ||||||
| Employee Costs | 3,197,139 | 2,088,965 | 1,522,458 | 1,789,268 | 1,875,456 | 1,533,385 | 1,349,110 | 1,087,665 | ||||||
| Number Of Employees | 40 | 30 | 32 | 34 | 34 | 30 | 33 | 34 | 26 | |||||
| EBITDA* | 1,572,019 | 883,769 | 607,927 | 1,039,025 | 748,150 | 552,968 | 189,640 | 239,221 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,472 | 5,301 | 7,130 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,472 | 5,301 | 7,130 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,192,025 | 4,472,593 | 3,077,108 | 5,202,143 | 4,562,542 | 4,287,386 | 4,052,361 | 2,653,833 | 2,393,844 | 3,065,954 | 1,488,175 | 1,320,002 | 1,215,474 | 0 |
| Group Debtors | 1,302,174 | 1,011,931 | 9,035 | 1,195,029 | 248,365 | 355,666 | 12,915 | 244,675 | 81,497 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,470,646 | 1,480,880 | 808,733 | 962,933 | 647,555 | 615,799 | 888,066 | 752,617 | 779,280 | 0 | 0 | 0 | 0 | 0 |
| Cash | 41,231 | 28,978 | 29,853 | 28,245 | 8,118 | 6,349 | 16,104 | 2,562 | 13,354 | 1,313 | 585 | 14,558 | 29,373 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,006,076 | 6,994,382 | 3,924,729 | 7,388,350 | 5,466,580 | 5,265,200 | 4,969,446 | 3,653,687 | 3,267,975 | 3,067,267 | 1,488,760 | 1,334,560 | 1,244,847 | 0 |
| total assets | 9,006,076 | 6,994,382 | 3,924,729 | 7,388,350 | 5,466,580 | 5,265,200 | 4,969,446 | 3,653,687 | 3,267,975 | 3,067,267 | 1,492,232 | 1,339,861 | 1,251,977 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 182 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,026,911 | 230,314 | 81,150 | 87,403 | 114,530 | 248,187 | 197,854 | 52,654 | 16,092 | 3,003,356 | 1,478,724 | 1,329,999 | 1,244,125 | 0 |
| Group/Directors Accounts | 334,874 | 0 | 2,726 | 1,258 | 0 | 180,000 | 180,000 | 307,344 | 424,207 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 2,736,964 | 3,096,273 | 1,302,956 | 4,124,785 | 3,149,898 | 3,382,056 | 0 | 0 | 1,916,444 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,824,505 | 1,522,671 | 1,059,370 | 1,249,774 | 1,061,244 | 732,435 | 4,274,909 | 2,923,007 | 686,512 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,923,254 | 4,849,258 | 2,446,202 | 5,463,220 | 4,325,672 | 4,542,678 | 4,652,763 | 3,283,005 | 3,043,437 | 3,003,356 | 1,478,724 | 1,329,999 | 1,244,125 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 799 | 799 | 799 | 1,060 | 1,426 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 799 | 799 | 799 | 1,060 | 1,426 | 0 |
| total liabilities | 5,923,254 | 4,849,258 | 2,446,202 | 5,463,220 | 4,325,672 | 4,542,678 | 4,652,763 | 3,283,005 | 3,044,236 | 3,004,155 | 1,479,523 | 1,331,059 | 1,245,551 | 0 |
| net assets | 3,082,822 | 2,145,124 | 1,478,527 | 1,925,130 | 1,140,908 | 722,522 | 316,683 | 370,682 | 223,739 | 63,112 | 12,709 | 8,802 | 6,426 | 0 |
| total shareholders funds | 3,082,822 | 2,145,124 | 1,478,527 | 1,925,130 | 1,140,908 | 722,522 | 316,683 | 370,682 | 223,739 | 63,112 | 12,709 | 8,802 | 6,426 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,572,019 | 883,769 | 607,927 | 1,039,025 | 748,150 | 552,968 | 189,640 | 239,221 | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,829 | 1,829 | 187 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -280,301 | -156,924 | -114,549 | -188,902 | -133,696 | -102,619 | -42,457 | -65,794 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,999,441 | 3,070,528 | -3,465,229 | 1,901,643 | 199,611 | 305,509 | 1,302,217 | 396,504 | 188,667 | 1,577,779 | 168,173 | 104,528 | 1,215,474 | 0 |
| Creditors | 796,597 | 149,164 | -6,253 | -27,127 | -133,657 | 50,333 | 145,200 | 36,562 | -2,987,264 | 1,524,632 | 148,725 | 85,874 | 1,244,125 | 0 |
| Accruals and Deferred Income | 301,834 | 463,301 | -190,404 | 188,530 | 328,809 | -3,542,474 | 1,351,902 | 2,236,495 | 686,512 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -799 | 0 | 0 | -261 | -366 | 1,426 | 0 |
| Cash flow from operations | 390,708 | -1,731,218 | 3,761,950 | -890,117 | 609,995 | -3,347,301 | 2,022,937 | -2,315,992 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | ||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 334,874 | -2,726 | 1,468 | 1,258 | -180,000 | 0 | -127,344 | -116,863 | 424,207 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -359,309 | 1,793,317 | -2,821,829 | 974,887 | -232,158 | 3,382,056 | 0 | -1,916,444 | 1,916,444 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -104,020 | -60,248 | -12,475 | -65,901 | -83,062 | -44,510 | -240 | -12,800 | ||||||
| cash flow from financing | -378,455 | 1,730,343 | -2,832,836 | 910,244 | -495,220 | 3,337,546 | -2,033,547 | 2,327,851 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 12,253 | -875 | 1,608 | 20,127 | 1,769 | -9,755 | 13,542 | -10,792 | 12,041 | 728 | -13,973 | -14,815 | 29,373 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -182 | 182 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 12,253 | -875 | 1,608 | 20,127 | 1,769 | -9,755 | 13,542 | -10,610 | 11,859 | 728 | -13,973 | -14,815 | 29,373 | 0 |
P&L
December 2022turnover
35.8m
+22%
operating profit
1.6m
+78%
gross margin
15.9%
+4.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.1m
+0.44%
total assets
9m
+0.29%
cash
41.2k
+0.42%
net assets
Total assets minus all liabilities
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salt contracts limited company details
company number
06912623
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2009
age
15
accounts
Full Accounts
ultimate parent company
previous names
ravello contracts limited (January 2011)
havisham ravello limited (February 2010)
incorporated
UK
address
9 wootton street, london, SE1 8TG
last accounts submitted
December 2022
salt contracts 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 contracts limited.
salt contracts limited Companies House Filings - See Documents
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