SALIX FINANCE LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-16 (in 9mo)
Last made up 2026-02-02
Watchouts
None on the register
Cash
£1M
+45.1% vs 2024
Net assets
-£2M
+18.8% vs 2024
Employees
212
Average over period
Profit before tax
—
Period ending 2025-03-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | -£712,000 | -£927,000 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | — | — | |
| Cash | £844,000 | £1,225,000 | |
| Total assets less current liabilities | -£1,912,000 | -£1,526,000 | |
| Net assets | -£2,029,000 | -£1,647,000 | |
| Equity | -£2,029,000 | -£1,647,000 | |
| Average employees | — | 212 | |
| Wages | £7,654,000 | £9,770,000 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 194.5% | 158.8% | |
| Current ratio | 0.39x | 0.53x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Samad Hussain
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, I have concluded that Salix Finance Ltd's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “The election of a new UK government brought a renewed focus to our work as we responded to new government policy and changing priorities. This will change the shape of our future work.”
- “The 2025 spending review was published in June 2025. The government outlined capital and day-to-day funding for government departments over the three years to 2028-29 but decided to commit no additional investment for the Public Sector Decarbonisation Scheme beyond the already awarded projects, which are due to finish by 31 March 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONROY, David | Director | 2025-01-28 | May 1949 | British |
| EVANS OF BOWES PARK, Natalie Jessica, Baroness | Director | 2024-03-01 | Nov 1975 | British |
| GILLIES, Andrew Sawyer | Director | 2025-02-17 | Nov 1965 | British |
| HITCH, Claire Anne | Director | 2025-06-01 | May 1961 | British |
| HOLLAND, Kevin Michael | Director | 2024-10-04 | Oct 1964 | British |
| JEFFERS, Alison Jane | Director | 2025-02-24 | Jan 1966 | British |
| JONES, Andrew Charles | Director | 2024-04-01 | Jan 1977 | British |
| VEGRO, Tracy Amanda | Director | 2022-08-01 | Apr 1961 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLIS, Julie Rita | Secretary | 2023-11-01 | 2026-05-08 |
| KEIR, Alastair John | Secretary | 2006-11-14 | 2012-06-27 |
| SHEPPERD, Annie | Secretary | 2012-06-27 | 2023-11-01 |
| EPS SECRETARIES LIMITED | Corporate Secretary | 2004-03-09 | 2006-11-14 |
| ADDISON, Mark Eric | Director | 2006-06-01 | 2011-06-28 |
| CLANCY, Emma | Director | 2023-11-01 | 2024-10-03 |
| DERRICK, Peter | Director | 2004-09-01 | 2011-06-28 |
| EDMONDS, John Walter | Director | 2013-07-16 | 2022-05-31 |
| EDMONDS, John Walter | Director | 2004-03-09 | 2013-07-16 |
| GRAHAM, Teresa Colomba, Dame | Director | 2004-03-09 | 2024-03-31 |
| KEIR, Alastair John | Director | 2008-01-25 | 2012-06-27 |
| MACK, Eleanor | Director | 2009-04-01 | 2011-06-28 |
| MALLABURN, Peter Stuart, Dr | Director | 2006-05-09 | 2008-01-25 |
| POWELL, Helen | Director | 2020-09-30 | 2024-12-31 |
| SHEPPERD, Annie | Director | 2012-06-27 | 2023-11-01 |
| STARK, Michael Colin | Director | 2013-04-10 | 2025-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For The Department Of Energy Security And Net Zero | Legal person | Voting 75–100%, Appoints directors | 2023-02-07 | Active |
| Secretary Of State For The Department For Business, Energy And Industrial Strategy | Legal person | Voting 75–100%, Appoints directors | 2020-09-30 | Ceased 2023-05-03 |
| Mr John Walter Edmonds | Individual | voting-rights-25-to-50-percent-as-firm | 2016-04-06 | Ceased 2020-09-30 |
| Mr Michael Colin Stark | Individual | voting-rights-25-to-50-percent-as-firm | 2016-04-06 | Ceased 2020-09-30 |
| Ms Teresa Colomba Graham | Individual | voting-rights-25-to-50-percent-as-firm | 2016-04-06 | Ceased 2020-09-30 |
Filing timeline
Last 20 of 118 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-14 | CH01 | officers | Change person director company with change date | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-17 | CH01 | officers | Change person director company with change date | |
| 2025-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-30.2%
-£712,000 -£927,000
-
Cash
+45.1%
£844,000 £1,225,000
-
Net assets
+18.8%
-£2,029,000 -£1,647,000
-
Employees
—
Not reported
-
Wages
+27.6%
£7,654,000 £9,770,000
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