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Seasalt Limited

02259954

active
Private Limited Company
england wales
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

UNIT 8 FALMOUTH BUSINESS PARK, FALMOUTH, TR11 4SZ
Incorporated 18/05/1988

Compliance

Last accounts

01/02/2025

full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 05/12/2025

Due 19/12/2026

On track

Industry

46420
Wholesale of clothing and footwear
47190
Other retail sale in non-specialised stores
47710
Retail sale of clothing in specialised stores
47721
47721

Officers

Mr Leigh George Chadwick

secretary · Since 30/11/1991

CONSULTANT

BRITISH · ENGLAND · Age 69

Also on 17 other boards

David Alfred Chadwick

director · Since 31/07/2001

RETAILER

BRITISH · UNITED KINGDOM · Age 67

Also on 2 other boards

Mr Leigh George Chadwick

director · Since 31/07/2001

RETAILER

BRITISH · ENGLAND · Age 69

Also on 17 other boards

Mr Neil Michael Chadwick

director · Since 31/07/2001

RETAILER

BRITISH · UNITED KINGDOM · Age 60

Also on 3 other boards

Mr. Paul Leslie Hayes

director · Since 16/01/2018

CEO

BRITISH · ENGLAND · Age 55

Also on 1 other board

Michelmores Secretaries Limited

secretary · Since 12/09/2018

BRITISH

Also on 343 other boards

Persons with Significant Control

Seasalt Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Unit 8, Falmouth Business Park, Bickland Water Road, Falmouth, TR11 4SZ

Notified 06/04/2016

Former PSCs

Mr Neil Michael Chadwick

Ceased 06/04/2016

Mr David Alfred Chadwick

Ceased 06/04/2016

Mr Leigh George Chadwick

Ceased 06/04/2016

Charges3 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 13/08/2025Registered 19/08/2025
Charge
outstanding

BARCLAYS BANK PLC

Created 11/12/2023Registered 14/12/2023
Charge
satisfied

LEIGH CHADWICK (AS SECURITY TRUSTEE)

Created 30/07/2020Registered 05/08/2020Satisfied 17/01/2023
Charge
outstanding

BGF NOMINEES LIMITED (AS SECURITY TRUSTEE)

Created 30/07/2020Registered 05/08/2020
Charge
satisfied

SANTANDER UK PLC

Created 29/09/2014Registered 01/10/2014Satisfied 18/12/2023
charge
satisfied

CLYDESDALE BANK PLC

Created 23/01/2009Registered 29/01/2009Satisfied 12/01/2011
charge
satisfied

CLYDESDALE BANK PLC

Created 23/01/2009Registered 29/01/2009Satisfied 12/01/2011
charge
satisfied

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Created 23/01/2009Registered 29/01/2009Satisfied 03/10/2014
charge
satisfied

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Created 23/01/2009Registered 29/01/2009Satisfied 12/01/2011
charge
satisfied

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Created 23/01/2009Registered 29/01/2009Satisfied 03/10/2014
charge
satisfied

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Created 23/01/2009Registered 29/01/2009Satisfied 12/01/2011
charge
satisfied

CLYDESDALE BANK PLC

Created 21/01/2009Registered 24/01/2009Satisfied 03/10/2014
charge
satisfied

HSBC BANK PLC

Created 30/05/2008Registered 14/06/2008Satisfied 19/02/2009
charge
satisfied

HSBC BANK PLC

Created 17/01/2003Registered 28/01/2003Satisfied 19/02/2009
charge
satisfied

HSBC BANK PLC

Created 15/03/2001Registered 17/03/2001Satisfied 19/02/2009
charge
satisfied

HSBC BANK PLC

Created 26/11/1999Registered 07/12/1999Satisfied 19/02/2009
charge
satisfied

HSBC BANK PLC

Created 08/11/1999Registered 09/11/1999Satisfied 19/02/2009
charge
satisfied

MIDLAND BANK PLC

Created 03/09/1999Registered 17/09/1999Satisfied 19/02/2009
charge
satisfied

MIDLAND BANK PLC

Created 14/09/1999Registered 16/09/1999Satisfied 19/02/2009

CompanyRankvs 6730+ SIC 46420 peers
62

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.32× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
1Loake Brothers Limited
90
2Dewhurst Dent P.L.C.
90
3W.Brewin And Company Limited
90
4Aykroyd & Sons Limited
90
5Dennys Uniforms Limited
90
6A. W. Bent Limited
90
7Burt Bros.(Hosiery)Limited
90
8Continental Textiles (Manchester) Limited
90
9Charterhouse Holdings Plc
90
10Turnbull & Asser Limited
90
673Seasalt Limited
82
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 01/02/2025

Turnover

£149.3M

Annual revenue

Net Worth

£27.7M

Balance sheet strength

Cash

£4.0M

Cash in the bank

Profit Before Tax

£4.4M

Bottom line earnings

Net Current Assets

£10.1M

Working capital

Current Assets

£41.9M

Current Liabilities

£31.9M

Fixed Assets

£20.5M

Debtors

£10.6M

Cost of Sales

£68.0M

Gross Profit

£81.3M

Admin Expenses

£73.8M

Profit After Tax

£3.3M

1322avg. employees+35

Tax at Year End

Dividends paid-£320k

People Costs

Wages & salaries£32.3M
NI contributions£2.7M

Balance Sheet

Intangible assets£8.8M
Bank loans & overdrafts£2.4M
Assets less current liabilities£30.6M
Signed by Class 1Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20251.32+£3.1M
20241.38—

Derived from filed accounts. Not audited figures.