salt contracts limited

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salt contracts limited Company Information

Share SALT CONTRACTS LIMITED

Company Number

06912623

Shareholders

salt recruitment group ltd

Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

9 wootton street, london, SE1 8TG

salt contracts limited Estimated Valuation

£21.4m

Pomanda estimates the enterprise value of SALT CONTRACTS LIMITED at £21.4m based on a Turnover of £31.3m and 0.68x industry multiple (adjusted for size and gross margin).

salt contracts limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SALT CONTRACTS LIMITED at £0 based on an EBITDA of £-63.5k and a 5.01x industry multiple (adjusted for size and gross margin).

salt contracts limited Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of SALT CONTRACTS LIMITED at £5.9m based on Net Assets of £2.8m and 2.13x industry multiple (adjusted for liquidity).

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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 £31.3m 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 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £31.3m, make it larger than the average company (£4.8m)

£31.3m - Salt Contracts Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.7%)

13% - Salt Contracts Limited

6.7% - Industry AVG

production

Production

with a gross margin of 16%, this company has a higher cost of product (38.2%)

16% - Salt Contracts Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of -0.2% make it less profitable than the average company (5.7%)

-0.2% - Salt Contracts Limited

5.7% - Industry AVG

employees

Employees

with 46 employees, this is above the industry average (27)

46 - Salt Contracts Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £84.9k, the company has a higher pay structure (£53.9k)

£84.9k - Salt Contracts Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £681k, this is more efficient (£171.3k)

£681k - Salt Contracts Limited

£171.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is near the average (42 days)

47 days - Salt Contracts Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is quicker than average (32 days)

4 days - Salt Contracts Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Salt Contracts Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)

0 weeks - Salt Contracts Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66%, this is a similar level of debt than the average (62.6%)

66% - Salt Contracts Limited

62.6% - Industry AVG

SALT CONTRACTS LIMITED financials

EXPORTms excel logo

Salt Contracts Limited's latest turnover from December 2023 is £31.3 million and the company has net assets of £2.8 million. According to their latest financial statements, Salt Contracts Limited has 46 employees and maintains cash reserves of £9.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover31,325,08735,761,49829,313,43321,894,88030,942,85931,980,97128,392,59215,333,73917,525,09915,209,89224,078,50211,420,4389,973,3788,846,546
Other Income Or Grants
Cost Of Sales26,316,83530,076,78024,862,82319,007,61426,658,28927,767,77725,215,0259,513,65415,227,94412,972,40715,690,2697,316,0466,248,5955,408,397
Gross Profit5,008,2525,684,7184,450,6102,887,2664,284,5704,213,1943,177,5675,820,0852,297,1552,237,4858,388,2344,104,3913,724,7833,438,150
Admin Expenses5,071,7734,112,6993,566,8412,279,3393,245,5453,465,0442,624,5995,874,1072,107,5151,998,2648,322,7804,099,2883,721,6823,429,300
Operating Profit-63,5211,572,019883,769607,9271,039,025748,150552,968-54,022189,640239,22165,4545,1033,1018,850
Interest Payable314,516104,02060,24812,47565,90183,06244,51024012,800
Interest Receivable2353811073
Pre-Tax Profit-378,0371,467,999823,521-332,054973,124665,088508,458-53,999189,400226,42165,4585,1413,2118,924
Tax69,261-280,301-156,924-114,549-188,902-133,696-102,619-42,457-65,794-15,055-1,234-835-2,499
Profit After Tax-308,7761,187,698666,597-446,603784,222531,392405,839-53,999146,943160,62750,4033,9072,3766,425
Dividends Paid250,000113,006
Retained Profit-308,776937,698666,597-446,603784,222418,386405,839-53,999146,943160,62750,4033,9072,3766,425
Employee Costs3,906,5873,197,1392,088,9651,522,4581,789,2681,875,4561,533,3851,383,0911,349,1101,087,6656,655,2843,124,7542,771,1762,498,366
Number Of Employees46403032343430333426162787065
EBITDA*-63,5211,572,019883,769607,9271,039,025748,150552,968-54,022189,640239,22165,4546,9324,9309,037

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,4725,3017,130
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets3,4725,3017,130
Stock & work in progress
Trade Debtors4,071,3496,192,0254,472,5933,077,1085,202,1434,562,5424,287,3864,052,3612,653,8332,393,8443,065,9541,488,1751,320,0021,215,474
Group Debtors3,216,1021,302,1741,011,9319,0351,195,029248,365355,66612,915244,67581,497
Misc Debtors870,2411,470,6461,480,880808,733962,933647,555615,799888,066752,617779,280
Cash9,51241,23128,97829,85328,2458,1186,34916,1042,56213,3541,31358514,55829,373
misc current assets
total current assets8,167,2049,006,0766,994,3823,924,7297,388,3505,466,5805,265,2004,969,4463,653,6873,267,9753,067,2671,488,7601,334,5601,244,847
total assets8,167,2049,006,0766,994,3823,924,7297,388,3505,466,5805,265,2004,969,4463,653,6873,267,9753,067,2671,492,2321,339,8611,251,977
Bank overdraft182
Bank loan
Trade Creditors 293,2551,026,911230,31481,15087,403114,530248,187197,85452,65416,0923,003,3561,478,7241,329,9991,244,125
Group/Directors Accounts1,089,650334,8742,7261,258180,000180,000307,344424,207
other short term finances2,814,2202,736,9643,096,2731,302,9564,124,7853,149,8983,382,0561,916,444
hp & lease commitments
other current liabilities1,196,0331,824,5051,522,6711,059,3701,249,7741,061,244732,4354,274,9092,923,007686,512
total current liabilities5,393,1585,923,2544,849,2582,446,2025,463,2204,325,6724,542,6784,652,7633,283,0053,043,4373,003,3561,478,7241,329,9991,244,125
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions7997997991,0601,426
total long term liabilities7997997991,0601,426
total liabilities5,393,1585,923,2544,849,2582,446,2025,463,2204,325,6724,542,6784,652,7633,283,0053,044,2363,004,1551,479,5231,331,0591,245,551
net assets2,774,0463,082,8222,145,1241,478,5271,925,1301,140,908722,522316,683370,682223,73963,11212,7098,8026,426
total shareholders funds2,774,0463,082,8222,145,1241,478,5271,925,1301,140,908722,522316,683370,682223,73963,11212,7098,8026,426
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-63,5211,572,019883,769607,9271,039,025748,150552,968-54,022189,640239,22165,4545,1033,1018,850
Depreciation1,8291,829187
Amortisation
Tax69,261-280,301-156,924-114,549-188,902-133,696-102,619-42,457-65,794-15,055-1,234-835-2,499
Stock
Debtors-807,1531,999,4413,070,528-3,465,2291,901,643199,611305,5091,302,217396,504188,6671,577,779168,173104,5281,215,474
Creditors-733,656796,597149,164-6,253-27,127-133,65750,333145,20036,562-2,987,2641,524,632148,72585,8741,244,125
Accruals and Deferred Income-628,472301,834463,301-190,404188,530328,809-3,542,4741,351,9022,236,495686,512
Deferred Taxes & Provisions-799-261-3661,426
Cash flow from operations-549,235390,708-1,731,2183,761,950-890,117609,995-3,347,301140,8632,022,937-2,315,992-2,748-14,011-14,92536,615
Investing Activities
capital expenditure3,472-7,317
Change in Investments
cash flow from investments3,472-7,317
Financing Activities
Bank loans
Group/Directors Accounts754,776334,874-2,7261,4681,258-180,000-127,344-116,863424,207
Other Short Term Loans 77,256-359,3091,793,317-2,821,829974,887-232,1583,382,056-1,916,4441,916,444
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1
interest-314,516-104,020-60,248-12,475-65,901-83,062-44,51023-240-12,80053811073
cash flow from financing517,516-128,4551,730,343-2,832,836910,244-495,2203,337,546-127,321-2,033,5472,327,85153811074
cash and cash equivalents
cash-31,71912,253-8751,60820,1271,769-9,75513,542-10,79212,041728-13,973-14,81529,373
overdraft-182182
change in cash-31,71912,253-8751,60820,1271,769-9,75513,542-10,61011,859728-13,973-14,81529,373

salt contracts limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Salt Contracts Limited Competitor Analysis

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Perform a competitor analysis for salt contracts limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 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 Shareholders

salt recruitment group ltd 100%

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).

officercountryagestartendrole
Mr Paul SchiavoEngland49 years May 2009- Director
Mr Elliot DellUnited Kingdom46 years Mar 2022- Director

P&L

December 2023

turnover

31.3m

-12%

operating profit

-63.5k

-104%

gross margin

16%

+0.58%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

2.8m

-0.1%

total assets

8.2m

-0.09%

cash

9.5k

-0.77%

net assets

Total assets minus all liabilities

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

16

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

ravello contracts limited (January 2011)

havisham ravello limited (February 2010)

accountant

-

auditor

BEAVIS MORGAN AUDIT LIMITED

address

9 wootton street, london, SE1 8TG

Bank

-

Legal Advisor

-

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 Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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salt contracts limited Companies House Filings - See Documents

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