saltco limited
saltco limited Company Information
Company Number
14228524
Next Accounts
Dec 2025
Shareholders
saltco ii limited
Group Structure
View All
Industry
Wired telecommunications activities
Registered Address
unit h the courtyard, tewkesbury business park, tewkesbury, GL20 8GD
Website
-saltco limited Estimated Valuation
Pomanda estimates the enterprise value of SALTCO LIMITED at £4m based on a Turnover of £4.3m and 0.93x industry multiple (adjusted for size and gross margin).
saltco limited Estimated Valuation
Pomanda estimates the enterprise value of SALTCO LIMITED at £0 based on an EBITDA of £-9.9m and a 3.28x industry multiple (adjusted for size and gross margin).
saltco limited Estimated Valuation
Pomanda estimates the enterprise value of SALTCO LIMITED at £52.8m based on Net Assets of £19.5m and 2.71x industry multiple (adjusted for liquidity).
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Saltco Limited Overview
Saltco Limited is a live company located in tewkesbury, GL20 8GD with a Companies House number of 14228524. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in July 2022, it's largest shareholder is saltco ii limited with a 100% stake. Saltco Limited is a startup, small sized company, Pomanda has estimated its turnover at £4.3m with unknown growth in recent years.
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Saltco Limited Health Check
Pomanda's financial health check has awarded Saltco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £4.3m, make it in line with the average company (£5m)
£4.3m - Saltco Limited
£5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Saltco Limited
- - Industry AVG
Production
with a gross margin of 39.8%, this company has a comparable cost of product (39.4%)
39.8% - Saltco Limited
39.4% - Industry AVG
Profitability
an operating margin of -374.7% make it less profitable than the average company (2.4%)
-374.7% - Saltco Limited
2.4% - Industry AVG
Employees
with 321 employees, this is above the industry average (52)
321 - Saltco Limited
52 - Industry AVG
Pay Structure
on an average salary of £40k, the company has a lower pay structure (£50k)
£40k - Saltco Limited
£50k - Industry AVG
Efficiency
resulting in sales per employee of £13.4k, this is less efficient (£148.9k)
£13.4k - Saltco Limited
£148.9k - Industry AVG
Debtor Days
it gets paid by customers after 137 days, this is later than average (43 days)
137 days - Saltco Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 1210 days, this is slower than average (49 days)
1210 days - Saltco Limited
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Saltco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 140 weeks, this is more cash available to meet short term requirements (16 weeks)
140 weeks - Saltco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88.7%, this is a higher level of debt than the average (72.4%)
88.7% - Saltco Limited
72.4% - Industry AVG
SALTCO LIMITED financials
Saltco Limited's latest turnover from March 2024 is £4.3 million and the company has net assets of £19.5 million. According to their latest financial statements, Saltco Limited has 321 employees and maintains cash reserves of £28.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Turnover | 4,291,412 | 624,209 | 20,097 |
| Other Income Or Grants | |||
| Cost Of Sales | 2,583,364 | 424,647 | 58,166 |
| Gross Profit | 1,708,048 | 199,562 | -38,069 |
| Admin Expenses | 17,787,233 | 9,747,137 | 2,115,189 |
| Operating Profit | -16,079,185 | -9,547,575 | -2,153,258 |
| Interest Payable | 15,096,428 | 2,848,078 | |
| Interest Receivable | 555,283 | 75,025 | 13 |
| Pre-Tax Profit | -34,365,709 | -13,873,194 | -2,153,245 |
| Tax | -36,237 | -20,708 | |
| Profit After Tax | -34,401,946 | -13,893,902 | -2,153,245 |
| Dividends Paid | |||
| Retained Profit | -34,401,946 | -13,893,902 | -2,153,245 |
| Employee Costs | 12,836,516 | 11,486,753 | 2,721,588 |
| Number Of Employees | 321 | 147 | 65 |
| EBITDA* | -9,866,998 | -8,206,167 | -2,003,733 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Tangible Assets | 133,825,252 | 50,052,410 | 12,639,855 |
| Intangible Assets | 2,178,353 | 1,477,944 | 792,353 |
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 136,003,605 | 51,530,354 | 13,432,208 |
| Stock & work in progress | |||
| Trade Debtors | 1,619,208 | 133,326 | 113,967 |
| Group Debtors | |||
| Misc Debtors | 6,478,475 | 3,910,585 | 2,634,445 |
| Cash | 28,628,599 | 15,549,932 | 23,118,540 |
| misc current assets | |||
| total current assets | 36,726,282 | 19,593,843 | 25,866,952 |
| total assets | 172,729,887 | 71,124,197 | 39,299,160 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 8,570,488 | 4,158,789 | 1,093,373 |
| Group/Directors Accounts | 18 | ||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 2,009,742 | 1,241,065 | 435,439 |
| total current liabilities | 10,580,248 | 5,399,854 | 1,528,812 |
| loans | 142,656,400 | 41,847,897 | |
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | 142,656,400 | 41,847,897 | |
| total liabilities | 153,236,648 | 47,247,751 | 1,528,812 |
| net assets | 19,493,239 | 23,876,446 | 37,770,348 |
| total shareholders funds | 19,493,239 | 23,876,446 | 37,770,348 |
| Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -16,079,185 | -9,547,575 | -2,153,258 |
| Depreciation | 5,829,858 | 1,110,415 | 85,863 |
| Amortisation | 382,329 | 230,993 | 63,662 |
| Tax | -36,237 | -20,708 | |
| Stock | |||
| Debtors | 4,053,772 | 1,295,499 | 2,748,412 |
| Creditors | 4,411,699 | 3,065,416 | 1,093,373 |
| Accruals and Deferred Income | 768,677 | 805,626 | 435,439 |
| Deferred Taxes & Provisions | |||
| Cash flow from operations | -8,776,631 | -5,651,332 | -3,223,333 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | |||
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 18 | ||
| Other Short Term Loans | |||
| Long term loans | 100,808,503 | 41,847,897 | |
| Hire Purchase and Lease Commitments | |||
| other long term liabilities | |||
| share issue | |||
| interest | -14,541,145 | -2,773,053 | 13 |
| cash flow from financing | 116,286,115 | 39,074,844 | 39,923,606 |
| cash and cash equivalents | |||
| cash | 13,078,667 | -7,568,608 | 23,118,540 |
| overdraft | |||
| change in cash | 13,078,667 | -7,568,608 | 23,118,540 |
saltco limited Credit Report and Business Information
Saltco Limited Competitor Analysis
Perform a competitor analysis for saltco limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in GL20 area or any other competitors across 12 key performance metrics.
saltco limited Ownership
SALTCO LIMITED group structure
Saltco Limited has 1 subsidiary company.
Ultimate parent company
2 parents
SALTCO LIMITED
14228524
1 subsidiary
saltco limited directors
Saltco Limited currently has 8 directors. The longest serving directors include Mr Andrew Parker (Jul 2022) and Mr Renier Horne (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Parker | England | 35 years | Jul 2022 | - | Director |
| Mr Renier Horne | England | 37 years | Jul 2022 | - | Director |
| Mr Johannes Kock | England | 39 years | Jul 2022 | - | Director |
| Mr Giorgio Iovino | England | 40 years | Jul 2022 | - | Director |
| Mr Johan Pretorius | England | 49 years | Jul 2022 | - | Director |
| Mr Jeremy Chelot | England | 41 years | Aug 2024 | - | Director |
| Mr Wil Wadsworth | England | 36 years | Aug 2024 | - | Director |
| Mr Steven Glendinning | England | 44 years | Oct 2024 | - | Director |
P&L
March 2024turnover
4.3m
+587%
operating profit
-16.1m
+68%
gross margin
39.9%
+24.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
19.5m
-0.18%
total assets
172.7m
+1.43%
cash
28.6m
+0.84%
net assets
Total assets minus all liabilities
Similar Companies
saltco limited company details
company number
14228524
Type
Private limited with Share Capital
industry
61100 - Wired telecommunications activities
incorporation date
July 2022
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
unit h the courtyard, tewkesbury business park, tewkesbury, GL20 8GD
Bank
-
Legal Advisor
-
saltco 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 found 3 charges/mortgages relating to saltco limited. Currently there are 3 open charges and 0 have been satisfied in the past.
saltco 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.
Click to start generating capital raising & share issue transactions for SALTCO LIMITED. This can take several minutes, an email will notify you when this has completed.
saltco limited Companies House Filings - See Documents
| date | description | view/download |
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