Mike Salt Limited

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mike salt limited Company Information

Company Number

07053055

Next Accounts

Jul 2025

Directors

Michael Salt

Shareholders

mike salt

amanda salt

Group Structure

View All

Industry

Other business support service activities n.e.c.

Registered Address

36 collingwood road, northampton, NN1 4RL

Website

mikesaltsportsmassage.com

mike salt limited Estimated Valuation

£37.9k

Pomanda estimates the enterprise value of MIKE SALT LIMITED at £37.9k based on a Turnover of £95.5k and 0.4x industry multiple (adjusted for size and gross margin).

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Mike Salt Limited is a live company located in northampton, NN1 4RL with a Companies House number of 07053055. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 2009, it's largest shareholder is mike salt with a 75% stake. Mike Salt Limited is a established, micro sized company, Pomanda has estimated its turnover at £95.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Mike Salt Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £95.5k, make it smaller than the average company (£3.8m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.4%)

EXPORT

Mike Salt Limited's latest turnover from October 2023 is estimated at £95.5 thousand and the company has net assets of £203. According to their latest financial statements, Mike Salt Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Turnover	95,495	151,285	129,142	119,343	229,970	335,583	287,348	197,313	376,330	931,675	832,245	321,576	182,463	229,203
Other Income Or Grants
Cost Of Sales	78,930	125,461	109,100	99,153	190,812	278,588	237,479	162,402	313,216	778,471	693,390	265,252	148,935	184,451
Gross Profit	16,565	25,824	20,042	20,189	39,158	56,995	49,870	34,911	63,115	153,204	138,855	56,324	33,529	44,752
Admin Expenses	34,399	29,441	20,050	35,048	60,180	32,226	48,127	70,142	88,914	39,746	158,102	75,595	-3,306	19,459
Operating Profit	-17,834	-3,617	-8	-14,859	-21,022	24,769	1,743	-35,231	-25,799	113,458	-19,247	-19,271	36,835	25,293
Interest Payable
Interest Receivable											165	248	111	28
Pre-Tax Profit	-17,834	-3,617	-8	-14,859	-21,022	24,769	1,743	-35,231	-25,799	113,458	-19,082	-19,023	36,946	25,321
Tax						-4,706	-331			-23,826			-9,606	-7,090
Profit After Tax	-17,834	-3,617	-8	-14,859	-21,022	20,063	1,412	-35,231	-25,799	89,632	-19,082	-19,023	27,340	18,231
Dividends Paid
Retained Profit	-17,834	-3,617	-8	-14,859	-21,022	20,063	1,412	-35,231	-25,799	89,632	-19,082	-19,023	27,340	18,231
Employee Costs	48,660	45,731	43,107	42,009	41,725	78,735	38,095	38,208	76,172	113,217	111,718	36,830	36,269	35,290
Number Of Employees	1	1	1	1	1	2	1	1	2	3	3	1	1	1
EBITDA*	-17,834	-3,617	-8	-14,859	-21,022	24,769	1,743	-35,231	-25,799	113,458	-19,247	-16,525	38,752	25,694

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Tangible Assets	4,620	3,003	2,339	1,849	2,102	2,501	4,021	2,214	1,791	3,814	7,352	5,920	8,666	3,950
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	4,620	3,003	2,339	1,849	2,102	2,501	4,021	2,214	1,791	3,814	7,352	5,920	8,666	3,950
Stock & work in progress
Trade Debtors	25,433	55,304	48,607	43,246	90,865	108,990	88,369	60,993	114,360	196,607	198,060	66,854	46,986	60,980
Group Debtors
Misc Debtors
Cash												66,089	33,169	11,120
misc current assets
total current assets	25,433	55,304	48,607	43,246	90,865	108,990	88,369	60,993	114,360	196,607	198,060	132,943	80,155	72,100
total assets	30,053	58,307	50,946	45,095	92,967	111,491	92,390	63,207	116,151	200,421	205,412	138,863	88,821	76,050
Bank overdraft
Bank loan
Trade Creditors	29,850	40,270	29,292	23,433	56,446	53,948	54,910	27,139	44,852		197,946	112,215	43,150	57,719
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	29,850	40,270	29,292	23,433	56,446	53,948	54,910	27,139	44,852		197,946	112,215	43,150	57,719
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities										103,323
provisions
total long term liabilities										103,323
total liabilities	29,850	40,270	29,292	23,433	56,446	53,948	54,910	27,139	44,852	103,323	197,946	112,215	43,150	57,719
net assets	203	18,037	21,654	21,662	36,521	57,543	37,480	36,068	71,299	97,098	7,466	26,648	45,671	18,331
total shareholders funds	203	18,037	21,654	21,662	36,521	57,543	37,480	36,068	71,299	97,098	7,466	26,648	45,671	18,331

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010
Operating Activities
Operating Profit	-17,834	-3,617	-8	-14,859	-21,022	24,769	1,743	-35,231	-25,799	113,458	-19,247	-19,271	36,835	25,293
Depreciation												2,746	1,917	401
Amortisation
Tax						-4,706	-331			-23,826			-9,606	-7,090
Stock
Debtors	-29,871	6,697	5,361	-47,619	-18,125	20,621	27,376	-53,367	-82,247	-1,453	131,206	19,868	-13,994	60,980
Creditors	-10,420	10,978	5,859	-33,013	2,498	-962	27,771	-17,713	44,852	-197,946	85,731	69,065	-14,569	57,719
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	1,617	664	490	-253	-399	-1,520	1,807	423	101,300	-106,861	-64,722	32,672	28,571	15,343
Investing Activities
capital expenditure	-1,617	-664	-490	253	399	1,520	-1,807	-423	2,023	3,538	-1,432		-6,633	-4,351
Change in Investments
cash flow from investments	-1,617	-664	-490	253	399	1,520	-1,807	-423	2,023	3,538	-1,432		-6,633	-4,351
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities									-103,323	103,323
share issue											-100			100
interest											165	248	111	28
cash flow from financing									-103,323	103,323	65	248	111	128
cash and cash equivalents
cash											-66,089	32,920	22,049	11,120
overdraft
change in cash											-66,089	32,920	22,049	11,120

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for mike salt limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in NN1 area or any other competitors across 12 key performance metrics.

MIKE SALT LIMITED group structure

Mike Salt Limited has no subsidiary companies.

Ultimate parent company

MIKE SALT LIMITED

07053055

MIKE SALT LIMITED Shareholders

mike salt	75%
amanda salt	25%

Mike Salt Limited currently has 1 director, Mr Michael Salt serving since Oct 2009.

officer	country	age	start	end	role
Mr Michael Salt	United Kingdom	62 years	Oct 2009	-	Director

P&L

October 2023

turnover

95.5k

-37%

operating profit

-17.8k

gross margin

17.4%

+1.62%

turnover

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

Balance Sheet

October 2023

net assets

203

-0.99%

total assets

30.1k

-0.48%

cash

net assets

Total assets minus all liabilities

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company number

07053055

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

October 2009

ultimate parent company

None

previous names

N/A

address

36 collingwood road, northampton, NN1 4RL

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 mike salt limited.

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mike salt limited Company Information

mike salt limited Estimated Valuation

mike salt limited Estimated Valuation

mike salt limited Estimated Valuation

Mike Salt Limited Overview

Mike Salt Limited Health Check

MIKE SALT LIMITED financials

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