salmick limited

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salmick limited Company Information

Share SALMICK LIMITED

Company Number

10516355

Shareholders

sally russell

michael russell

Group Structure

View All

Industry

Activities of real estate investment trusts

 

Registered Address

18 birchlands avenue, london, SW12 8ND

Website

-

salmick limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of SALMICK LIMITED at £1.8m based on a Turnover of £670.7k and 2.69x industry multiple (adjusted for size and gross margin).

salmick limited Estimated Valuation

£0

Pomanda estimates the enterprise value of SALMICK LIMITED at £0 based on an EBITDA of £-42.9k and a 5.95x industry multiple (adjusted for size and gross margin).

salmick limited Estimated Valuation

£170.8k

Pomanda estimates the enterprise value of SALMICK LIMITED at £170.8k based on Net Assets of £98.3k and 1.74x industry multiple (adjusted for liquidity).

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Salmick Limited Overview

Salmick Limited is a live company located in london, SW12 8ND with a Companies House number of 10516355. It operates in the activities of real estate investment trusts sector, SIC Code 64306. Founded in December 2016, it's largest shareholder is sally russell with a 61% stake. Salmick Limited is a young, small sized company, Pomanda has estimated its turnover at £670.7k with declining growth in recent years.

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Salmick Limited Health Check

Pomanda's financial health check has awarded Salmick Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £670.7k, make it smaller than the average company (£2.1m)

£670.7k - Salmick Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (6%)

-4% - Salmick Limited

6% - Industry AVG

production

Production

with a gross margin of 76.2%, this company has a comparable cost of product (76.2%)

76.2% - Salmick Limited

76.2% - Industry AVG

profitability

Profitability

an operating margin of -6.7% make it less profitable than the average company (25.2%)

-6.7% - Salmick Limited

25.2% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (4)

3 - Salmick Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)

£51.8k - Salmick Limited

£51.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £223.6k, this is less efficient (£375k)

£223.6k - Salmick Limited

£375k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is earlier than average (31 days)

22 days - Salmick Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 219 days, this is slower than average (43 days)

219 days - Salmick Limited

43 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Salmick Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 59 weeks, this is more cash available to meet short term requirements (17 weeks)

59 weeks - Salmick Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.8%, this is a higher level of debt than the average (38.7%)

76.8% - Salmick Limited

38.7% - Industry AVG

SALMICK LIMITED financials

EXPORTms excel logo

Salmick Limited's latest turnover from March 2024 is estimated at £670.7 thousand and the company has net assets of £98.3 thousand. According to their latest financial statements, Salmick Limited has 3 employees and maintains cash reserves of £365.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Turnover670,6892,667,579626,246758,913628,933875,133327,000
Other Income Or Grants
Cost Of Sales159,845586,295134,750139,97897,465164,173103,367
Gross Profit510,8442,081,284491,496618,935531,468710,960223,633
Admin Expenses555,4941,986,436498,538564,845535,970697,993223,139
Operating Profit-44,65094,848-7,04254,090-4,50212,967494
Interest Payable
Interest Receivable14,0448,3861,3199710158654
Pre-Tax Profit-30,606103,235-5,72354,188-4,40113,553548
Tax-19,615-10,296-2,575-104
Profit After Tax-30,60683,620-5,72343,892-4,40110,978444
Dividends Paid
Retained Profit-30,60683,620-5,72343,892-4,40110,978444
Employee Costs155,423144,246126,548118,79670,52468,42969,919
Number Of Employees3333222
EBITDA*-42,91797,159-3,96157,729-68514,4122,541

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets15,71817,45119,76221,43412,5004,3254,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets15,71817,45119,76221,43412,5004,3254,000
Stock & work in progress37,500
Trade Debtors41,970281,61821,24549,95678,12856,16519,605
Group Debtors
Misc Debtors38
Cash365,370169,653224,998126,75167,592134,51321,647
misc current assets
total current assets407,340451,271246,243176,745145,720190,67878,752
total assets423,058468,722266,005198,179158,220195,00382,752
Bank overdraft
Bank loan
Trade Creditors 96,18392,9344,787
Group/Directors Accounts221,101209,348202,672118,015132,635146,71463,652
other short term finances
hp & lease commitments
other current liabilities4,48234,2149,50125,07816,08935,94217,904
total current liabilities321,766336,496216,960143,093148,724182,65681,556
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions2,9883,3163,7554,0732,375825750
total long term liabilities2,9883,3163,7554,0732,375825750
total liabilities324,754339,812220,715147,166151,099183,48182,306
net assets98,304128,91045,29051,0137,12111,522446
total shareholders funds98,304128,91045,29051,0137,12111,522446
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit-44,65094,848-7,04254,090-4,50212,967494
Depreciation1,7332,3113,0813,6393,8171,4452,047
Amortisation
Tax-19,615-10,296-2,575-104
Stock-37,50037,500
Debtors-239,648260,373-28,749-28,13421,96336,56019,605
Creditors3,24988,1474,787
Accruals and Deferred Income-29,73224,713-15,5778,989-19,85318,03817,904
Deferred Taxes & Provisions-328-439-3181,6981,55075750
Cash flow from operations169,920-70,40813,68086,254-40,95130,890-36,014
Investing Activities
capital expenditure-1,409-12,573-11,992-1,770-6,047
Change in Investments
cash flow from investments-1,409-12,573-11,992-1,770-6,047
Financing Activities
Bank loans
Group/Directors Accounts11,7536,67684,657-14,620-14,07983,06263,652
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue982
interest14,0448,3861,3199710158654
cash flow from financing25,79715,06285,976-14,523-13,97883,74663,708
cash and cash equivalents
cash195,717-55,34598,24759,159-66,921112,86621,647
overdraft
change in cash195,717-55,34598,24759,159-66,921112,86621,647

salmick 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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Salmick Limited Competitor Analysis

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Perform a competitor analysis for salmick limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SW12 area or any other competitors across 12 key performance metrics.

salmick limited Ownership

SALMICK LIMITED group structure

Salmick Limited has no subsidiary companies.

Ultimate parent company

SALMICK LIMITED

10516355

SALMICK LIMITED Shareholders

sally russell 61%
michael russell 39%

salmick limited directors

Salmick Limited currently has 3 directors. The longest serving directors include Mr Michael Russell (Dec 2016) and Mrs Sally Russell (Dec 2016).

officercountryagestartendrole
Mr Michael Russell67 years Dec 2016- Director
Mrs Sally RussellEngland67 years Dec 2016- Director
Ms Georgia RussellEngland29 years Apr 2022- Director

P&L

March 2024

turnover

670.7k

-75%

operating profit

-44.7k

0%

gross margin

76.2%

-2.38%

turnover

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

Balance Sheet

March 2024

net assets

98.3k

-0.24%

total assets

423.1k

-0.1%

cash

365.4k

+1.15%

net assets

Total assets minus all liabilities

salmick limited company details

company number

10516355

Type

Private limited with Share Capital

industry

64306 - Activities of real estate investment trusts

incorporation date

December 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

18 birchlands avenue, london, SW12 8ND

Bank

-

Legal Advisor

-

salmick 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 salmick limited.

salmick 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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salmick limited Companies House Filings - See Documents

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