SEASALT LIMITED

1. SEASALT LIMITED 2007-08-15 → present
2. GENERAL CLOTHING STORES LIMITED 1988-05-18 → 2007-08-15

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Francis Clark

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company continues to trade well, despite a volatile macro environment, posting strong results for the year ended 1 February 25; The Company maintains a 5 year long-range plan, the latest version of this indicates that Seasalt generates robust free cash flow and has sufficient liquidity to cover liabilities; Liquidity remains strong: the Company had £4.0m of cash as at 1 February 25, and was undrawn on the £7m revolving Credit Facility; and The Company maintains a comprehensive suite of risk registers which are up to date and subject to continuous ongoing review at the Executive Board level and with the Audit Committee. The Company has demonstrated over recent years that it can identify issues early and respond with agility to mitigate risks appropriately.”

Group structure

1. SEASALT LIMITED · parent
   1. General Clothing Stores Limited 100% · UK · dormant company

Significant events

• “Following the rise in employment costs resulting from the increase in employer's national insurance contribution announced in the Chancellor's Budget of October 2024, alongside the rise in the Real Living Wage, the Company conducted Collective Consultations across its Head Office and Retail teams resulting in 76 redundancies.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12.6%

  £132,577,730 → £149,311,762

• Cash

  -70.4%

  £13,696,900 → £4,048,406

• Net assets

  +12.5%

  £24,607,035 → £27,673,264

• Employees

  +2.7%

  1,287 → 1,322

• Operating profit

  -38.7%

  £7,601,817 → £4,660,399

• Profit before tax

  -39.3%

  £7,328,844 → £4,447,201

• Wages

  +11.6%

  £28,941,673 → £32,290,607

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers