SALVATION ARMY TRADING COMPANY LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. SALVATION ARMY TRADING COMPANY LIMITED 1991-09-30 → present
2. TRUSHELFCO (NO. 1701) LIMITED 1991-04-29 → 1991-09-30

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the company has adequate resources, with the confirmed support of its parent in the unlikely event that it is required, to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. SALVATION ARMY TRADING COMPANY LIMITED · parent
   1. Salvationist Publishing and Supplies Limited 100% · Dormant
   2. R. Smith and Co Limited 100% · Dormant
   3. Kettering Textiles Limited 100% · Dormant
   4. Studio Music Company Limited 100% · Dormant
   5. Project Re:Claim LLP 50% · Textile recycling

Significant events

• “The company's financial performance is highly reliant on the second-hand textile export market. This particular market has seen a significant downturn since May 2024.”
• “In general terms, there has been a significant amount of economic volatility and financial uncertainty in recent years compounded by the widespread impact of conflicts in Ukraine and the Middle East.”
• “Significant falls in the average price per tonne of used textiles (including rag sales) during the year resulted in actual performance being significantly behind the original budget for the year.”
• “The Donation Centre concept continues to perform remarkably well. The expansion of this format has continued with a further 13 outlets opened in the financial year, taking the total to 57.”
• “Salvation Army Trading Company Ltd partner with Plan B Recycling Technologies Ltd in a joint venture to develop a mechanical recycling process for 100% polyester textiles.”

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

Filings

12

last 12 months

Capital events

0

last 24 months

Officers appointed

6

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +7.3%

  £82,914,366 → £88,932,035

• Cash

  -68.5%

  £5,663,410 → £1,785,670

• Net assets

  -9.5%

  £20,062,728 → £18,157,612

• Employees

  +14%

  1,132 → 1,291

• Operating profit

  -265.5%

  £1,349,566 → -£2,232,962

• Profit before tax

  -229.2%

  £1,637,308 → -£2,114,652

• Wages

  +15.8%

  £30,710,575 → £35,564,912

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers