Salutem Developments Ltd
10492922
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 23/11/2016
DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 4 other boards
director · Since 24/01/2018
DIRECTOR
BRITISH · ENGLAND · Age 74
Also on 6 other boards
Persons with Significant Control
Mr Colin Roderick Banyard
British · England · Age 74
14th Floor, 33 Cavendish Square, London, W1G 0PW
Notified 13/05/2021
Former PSCs
Mr Edmund Paul Malden
Ceased 30/11/2019
Mr Mark Andrew Cherrington
Ceased 13/05/2021
CompanyRankvs 42353+ SIC 74909 peers45
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/11/2024
Net Worth
-£419k
Balance sheet strength
Cash
£13k
Cash in the bank
Net Current Assets
-£419k
Working capital
Current Assets
£3.0M
Current Liabilities
£3.4M
Debtors
£21k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.88 | -£41k |
| 2023 | 0.76 | -£575 |
| 2022 | 0.75 | -£17k |
| 2021 | 0.72 | +£44k |
| 2020 | 0.67 | -£59k |
| 2019 | 0.53 | -£39k |
| 2018 | 0.10 | — |
Derived from filed accounts. Not audited figures.