Salmac Sales Limited

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salmac sales limited Company Information

Live

MatureMidHealthy

Company Number

SC093417

Website

www.salmac.co.uk

Registered Address

100 union street, aberdeen, AB10 1QR

Industry

Wholesale of other food, including fish, crustaceans and molluscs

Telephone

01224626261

Next Accounts Due

February 2025

Group Structure

View All

Directors

Jacqueline Archibald35 Years

Kirsteen Walker32 Years

View All

Shareholders

salmac holdings ltd 100%

salmac sales limited Estimated Valuation

£61.9k - £2.6m

The estimated valuation range for salmac sales limited, derived from financial data as of May 2023 and the most recent industry multiples, is between £61.9k to £2.6m

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Salmac Sales Limited AI Business Plan

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Salmac Sales Limited is a live company located in aberdeen, AB10 1QR with a Companies House number of SC093417. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in May 1985, it's largest shareholder is salmac holdings ltd with a 100% stake. Salmac Sales Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Salmac Sales Limited a 4 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 Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £5m, make it smaller than the average company (£30.6m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SALMAC SALES LIMITED group structure

Salmac Sales Limited has no subsidiary companies.

Ultimate parent company

SALMAC HOLDINGS LIMITED

SC325390

1 parent

SALMAC SALES LIMITED

SC093417

SALMAC SALES LIMITED Shareholders

salmac holdings ltd

100%

Salmac Sales Limited currently has 4 directors. The longest serving directors include Mrs Jacqueline Archibald (Dec 1988) and Mrs Kirsteen Walker (Mar 1992).

officer	country	age	start	end	role
Mrs Jacqueline Archibald		60 years	Dec 1988	-	Director
Mrs Kirsteen Walker	United Kingdom	67 years	Mar 1992	-	Director
Mr Andrew Walker		62 years	Jun 1993	-	Director
Ms Lynette McPherson		53 years	Feb 1999	-	Director

EXPORT

Salmac Sales Limited's latest turnover from May 2023 is estimated at £5 million and the company has net assets of £1 million. According to their latest financial statements, Salmac Sales Limited has 13 employees and maintains cash reserves of £444.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	5,047,679	5,106,530	4,389,426	4,438,490	6,226,372	6,993,400	6,459,828	13,173,721	20,442,819	22,833,284	18,086,938	10,470,205	13,297,674	11,583,316
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,322,629	4,312,811	3,819,340	3,896,353	5,489,900	6,108,660	5,600,879	12,275,957	19,143,425	21,446,676	17,046,184	8,964,400	11,303,702	10,046,234
Gross Profit	725,051	793,718	570,086	542,137	736,472	884,741	858,950	897,764	1,299,394	1,386,608	1,040,754	1,505,805	1,993,972	1,537,082
Admin Expenses	736,757	860,540	483,060	546,490	747,794	896,917	988,211	741,563	1,036,393	1,264,744	853,915	1,572,029	1,710,491	73,781
Operating Profit	-11,706	-66,822	87,026	-4,353	-11,322	-12,176	-129,261	156,201	263,001	121,864	186,839	-66,224	283,481	1,463,301
Interest Payable	0	0	0	0	0	0	0	0	0	0	25,609	0	0	0
Interest Receivable	22,235	7,139	873	497	1,792	1,408	749	41	0	14	0	4,006	3,335	1,493
Pre-Tax Profit	10,528	-59,683	87,899	-3,856	-9,530	-10,768	-128,512	156,242	263,001	121,878	161,230	-62,218	286,816	1,464,794
Tax	-2,632	0	-16,701	0	0	0	0	-31,351	-60,199	-39,009	-51,579	0	-74,572	-410,142
Profit After Tax	7,896	-59,683	71,198	-3,856	-9,530	-10,768	-128,512	124,891	202,802	82,869	109,651	-62,218	212,244	1,054,652
Dividends Paid	0	0	0	0	0	0	0	326,125	0	156,200	174,500	0	0	0
Retained Profit	7,896	-59,683	71,198	-3,856	-9,530	-10,768	-128,512	-201,234	202,802	-73,331	-64,849	-62,218	212,244	1,054,652
Employee Costs	557,587	509,925	600,149	589,218	645,528	561,158	498,757	734,888	703,544	951,059	765,130	559,670	692,036	636,876
Number Of Employees	13	13	15	14	16	15	15	12	13	13	13	18	23	18
EBITDA*	10,582	-52,090	102,572	9,116	-125	-256	-116,288	170,166	281,233	142,228	203,960	-46,901	305,832	1,488,594

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	51,253	23,876	32,188	44,402	42,158	52,559	64,479	76,803	135,219	177,031	192,267	172,963	188,507	202,245
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	119,144	155,475	4,082	4,082	4,082	4,082	4,082	4,082	4,082	4,082	4,083	29,692	37,246	37,246
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	300,000	300,000	200,000	0	0
Total Fixed Assets	170,397	179,351	36,270	48,484	46,240	56,641	68,561	80,885	139,301	481,113	496,350	402,655	225,753	239,491
Stock & work in progress	23,553	28,002	55,567	36,767	28,281	55,306	33,205	66,529	55,955	69,276	196,213	39,572	43,138	120,101
Trade Debtors	617,077	782,385	435,860	573,133	1,072,602	1,254,861	1,230,260	1,292,817	1,698,432	1,886,313	2,233,335	1,417,132	2,049,868	1,652,122
Group Debtors	454,761	246,822	296,558	223,500	237,000	250,500	255,000	300,000	300,000	0	0	0	0	0
Misc Debtors	78,136	222,505	167,195	111,707	163,901	41,156	120,954	116,225	85,627	269,412	131,136	0	36,808	80,953
Cash	444,911	543,289	884,581	861,403	132,453	345,411	217,703	381,268	511,518	605,357	738,503	865,556	736,727	597,307
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,618,438	1,823,003	1,839,761	1,806,510	1,634,237	1,947,234	1,857,122	2,156,839	2,651,532	2,830,358	3,299,187	2,322,260	2,866,541	2,450,483
total assets	1,788,835	2,002,354	1,876,031	1,854,994	1,680,477	2,003,875	1,925,683	2,237,724	2,790,833	3,311,471	3,795,537	2,724,915	3,092,294	2,689,974
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	565,156	548,251	485,332	535,481	524,940	715,612	663,842	814,247	1,249,862	1,592,830	1,932,725	1,518,972	1,824,021	1,634,615
Group/Directors Accounts	0	100,000	50,000	50,000	50,000	92,939	140,640	155,125	58,500	196,628	278,202	0	0	0
other short term finances	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
other current liabilities	143,087	272,973	351,672	351,989	186,140	266,380	181,244	199,572	212,256	450,095	438,150	0	0	0
total current liabilities	708,243	921,224	887,004	937,470	761,080	1,074,931	985,726	1,168,944	1,520,618	2,239,553	2,649,077	1,518,972	1,824,021	1,634,615
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	27,923	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	2,695	2,722	2,329	2,024	41	58	303	614	815	5,320	6,531	1,165	1,277	607
total long term liabilities	30,618	2,722	2,329	2,024	41	58	303	614	815	5,320	6,531	1,165	1,277	607
total liabilities	738,861	923,946	889,333	939,494	761,121	1,074,989	986,029	1,169,558	1,521,433	2,244,873	2,655,608	1,520,137	1,825,298	1,635,222
net assets	1,049,974	1,078,408	986,698	915,500	919,356	928,886	939,654	1,068,166	1,269,400	1,066,598	1,139,929	1,204,778	1,266,996	1,054,752
total shareholders funds	1,049,974	1,078,408	986,698	915,500	919,356	928,886	939,654	1,068,166	1,269,400	1,066,598	1,139,929	1,204,778	1,266,996	1,054,752

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-11,706	-66,822	87,026	-4,353	-11,322	-12,176	-129,261	156,201	263,001	121,864	186,839	-66,224	283,481	1,463,301
Depreciation	22,288	14,732	15,546	13,469	11,197	11,920	12,973	13,965	18,232	20,364	17,121	19,323	22,351	25,293
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,632	0	-16,701	0	0	0	0	-31,351	-60,199	-39,009	-51,579	0	-74,572	-410,142
Stock	-4,449	-27,565	18,800	8,486	-27,025	22,101	-33,324	10,574	-13,321	-126,937	156,641	-3,566	-76,963	120,101
Debtors	-101,738	352,099	-8,727	-565,163	-73,014	-59,697	-102,828	-375,017	-371,666	-208,746	1,047,339	-469,544	353,601	1,733,075
Creditors	16,905	62,919	-50,149	10,541	-190,672	51,770	-150,405	-435,615	-342,968	-339,895	413,753	-305,049	189,406	1,634,615
Accruals and Deferred Income	-129,886	-78,699	-317	165,849	-80,240	85,136	-18,328	-12,684	-237,839	11,945	438,150	0	0	0
Deferred Taxes & Provisions	-27	393	305	1,983	-17	-245	-311	-201	-4,505	-1,211	5,366	-112	670	607
Cash flow from operations	1,129	-392,011	25,637	744,166	-171,015	174,001	-149,180	54,758	20,709	109,741	-194,330	121,048	144,698	860,498
Investing Activities
capital expenditure	-49,665	-6,420	-3,332	-15,713	-796	0	-649	44,451	23,580	-5,128	-36,425	-3,779	-8,613	-227,538
Change in Investments	-36,331	151,393	0	0	0	0	0	0	0	-1	-25,609	-7,554	0	37,246
cash flow from investments	-13,334	-157,813	-3,332	-15,713	-796	0	-649	44,451	23,580	-5,127	-10,816	3,775	-8,613	-264,784
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-100,000	50,000	0	0	-42,939	-47,701	-14,485	96,625	-138,128	-81,574	278,202	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	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	27,923	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-36,330	151,393	0	0	0	0	0	0	0	0	0	0	0	100
interest	22,235	7,139	873	497	1,792	1,408	749	41	0	14	-25,609	4,006	3,335	1,493
cash flow from financing	-86,172	208,532	873	497	-41,147	-46,293	-13,736	96,666	-138,128	-81,560	252,593	4,006	3,335	1,593
cash and cash equivalents
cash	-98,378	-341,292	23,178	728,950	-212,958	127,708	-163,565	-130,250	-93,839	-133,146	-127,053	128,829	139,420	597,307
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-98,378	-341,292	23,178	728,950	-212,958	127,708	-163,565	-130,250	-93,839	-133,146	-127,053	128,829	139,420	597,307

P&L

May 2023

turnover

-1%

operating profit

-11.7k

gross margin

14.4%

-7.59%

turnover

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

Balance Sheet

May 2023

net assets

-0.03%

total assets

1.8m

-0.11%

cash

444.9k

-0.18%

net assets

Total assets minus all liabilities

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company number

SC093417

Type

Private limited with Share Capital

industry

46380 - Wholesale of other food, including fish, crustaceans and molluscs

incorporation date

May 1985

age

accounts

Total Exemption Full

ultimate parent company

SALMAC HOLDINGS LIMITED

previous names

ernasow limited (June 1984)

incorporated

address

100 union street, aberdeen, AB10 1QR

last accounts submitted

May 2023

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 4 charges/mortgages relating to salmac sales limited. Currently there are 2 open charges and 2 have been satisfied in the past.

salmac sales limited Company Information

salmac sales limited Estimated Valuation

salmac sales limited Estimated Valuation

salmac sales limited Estimated Valuation

Salmac Sales Limited AI Business Plan

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SALMAC SALES LIMITED financials

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