SALARY FINANCE LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
-£5.4m
+43.9% highest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £21,139,697 | £31,522,963 | £37,431,939 | +18.7% | |
| Operating profit | -£18,720,468 | -£8,930,462 | -£5,314,643 | +40.5% | |
| Profit before tax | -£19,268,610 | -£9,608,402 | -£5,391,816 | +43.9% | |
| Net profit | -£19,268,610 | -£9,608,858 | -£5,512,094 | +42.6% | |
| Cash | £32,873,040 | £17,332,577 | — | — | |
| Total assets less current liabilities | £79,988,765 | £113,745,687 | — | — | |
| Net assets | -£71,153,560 | -£80,821,952 | — | — | |
| Equity | -£71,153,560 | -£80,821,952 | — | — | |
| Average employees | 233 | 154 | — | — | |
| Wages | £13,873,456 | £10,590,672 | — | — | |
| Directors' remuneration | £154,336 | £325,523 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | -88.6% | -28.3% | -14.2% | |
| Net margin | -91.1% | -30.5% | -14.7% | |
| Return on capital employed | -23.4% | -7.9% | — | |
| Gearing (liabilities / total assets) | 172.3% | 163.7% | — | |
| Current ratio | 5.83x | 9.39x | — | |
| Interest cover | -27.11x | -11.92x | -10.07x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group or Parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- SALARY FINANCE LIMITED · parent
- Salary Finance Loans Limited 100%
- Skylark Loans Limited 0%
Significant events
- “In December 2025 the Group refinanced its Senior and Mezzanine debt facilities.”
- “On 17 December 2025, the Group increased its interest in Salary Finance Loans Limited (the 'JV') from 50% to 100% for nominal consideration of £3.”
- “Additionally the Group established a Risk Retention credit facility with BCI Capital Limited in February 2025 to provide additional operational liquidity.”
- “On 25 February 2026, the Group paid £3.8m of the deferred consideration payable by Salary Finance Loans Limited to Clydesdale Bank Plc in respect of the outstanding bank loan set out in note 14, following which both the joint venture agreement and funding facility with Clydesdale Bank Plc were terminated.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CUSHION, Jyoti Chada | Director | 2023-09-21 | Oct 1972 | British |
| HOLLINGDALE, Christopher Roger David | Director | 2024-12-13 | Mar 1984 | British |
| SARKAR, Asesh | Director | 2017-12-06 | Apr 1981 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABBOTTS, Patrick Thomas | Director | 2023-05-02 | 2023-09-21 |
| BADALE, Manoj Kumar | Director | 2015-07-09 | 2023-09-21 |
| COBLEY, Daniel Owen | Director | 2015-07-09 | 2023-05-02 |
| ENOCK, Luke David | Director | 2023-06-15 | 2023-12-31 |
| FRANKLAND, Nicholas Goodwin | Director | 2019-12-09 | 2021-09-15 |
| HICKMAN, Bernard Leigh | Director | 2019-12-09 | 2024-12-13 |
| PIETERSE, Wilhelmus Johannes | Director | 2021-09-15 | 2024-08-29 |
| SZALKIEWICZ, Melanie Marie | Director | 2023-09-21 | 2024-08-29 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-25 | AA | accounts | Accounts with accounts type group | |
| 2026-07-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-07-20 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-20 | TM01 | officers | Termination director company with name termination date | |
| 2026-04-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-04-27 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-30 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-20 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-12-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-13 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | ANNOTATION | miscellaneous | Legacy | |
| 2025-02-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-01-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-12 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-12 | AA | accounts | Accounts with accounts type full | |
| 2024-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-16 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 10
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.