MICROSALT PLC

1. MICROSALT PLC 2023-10-17 → present
2. MICROSALT LTD. 2022-07-12 → 2023-10-17
3. SALARIUS LTD. 2016-03-14 → 2022-07-12

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

IFRS

Reporting scope

Consolidated group

Auditor

Crowe U.K LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the ability of the Group to continue as a going concern using cash flow forecasts. Following the completion of its IPO on the AIM Market of London Stock Exchange plc as detailed in note 26, cash raised pursuant to the IPO and cash generated from operating activities will finance the Group's working capital requirements. On 1 February 2025, the Company completed its second raise on the AIM Market of the London Stock Exchange, raising approximately £2.4m (US$3.1m). The Directors are satisfied that there are sufficient resources to continue in business for the foreseeable future. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Group structure

1. MICROSALT PLC · parent
   1. MicroSalt Inc. 0.92% · United States of America · development and sale of low sodium salt and snack foods

Significant events

• “receiving large, recurring purchase orders for our bulk product in Q4 2024 and completed the R&D for new patent pending product (Microsalt Premium) designed for the Quick Service Restaurants (QSR) and Fast Service Restaurants (FSR) sales channels.”
• “Q1 2025 bulk sales alone exceeding our 2024 B2B sales. Total bulk sales in Q1 2025 reached 98mT (216,190 lbs.) setting a new Company record and establishing three consecutive quarters of sales growth.”
• “In May 2024 the United States Patent and Trademark Office granted and issued MicroSalt's patent entitled 'Low Sodium Salt Composition'.”
• “On 1 February 2025, the Company completed its second equity fundraise on the AIM Market, raising approximately £2.4m (US$3.1m).”

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

Filings

9

last 12 months

Capital events

7

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +30.7%

  £425,500 → £555,967

• Cash

  +123.1%

  £86,731 → £193,477

• Net assets

  +22.4%

  -£1,479,615 → -£1,148,258

• Employees

  +40%

  5 → 7

• Operating profit

  -74.7%

  -£2,481,838 → -£4,335,063

• Profit before tax

  -76.2%

  -£2,578,947 → -£4,544,848

• Wages

  +142.8%

  £204,596 → £496,664

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