Bag Of Salt Limited

Bag Of Salt Ltd, based in London, UK, is a small, active company founded thirteen years ago. With two employees and £1,162,051 in assets, it operates as a family business with a virtual address and is managed by two directors and owners. The company runs an e-commerce site and regularly imports plastics and plastic products, with the latest import occurring in January 2025.

The company's website, United Kingdom Salt Supply, focuses on the retail sale of various salt products, including Aquasol tablets, hydrosoft granules, and deicer salt. It caters to both commercial and individual customers, offering delivery options and a range of salt types for different applications. The site also highlights its commitment to quality and customer service, with a focus on competitive pricing and a wide selection of products.

Financially, Bag Of Salt Ltd demonstrates a mixed picture. Cash bank on hand increased significantly by 180% to £530,000, which is a good sign. However, creditors also rose by 38% to £480,000, and net assets increased by 69% to £700,000. Bank borrowings remained relatively stable, but the increase in creditors suggests the company is relying more on short-term financing. The average number of employees grew by 50% to three, which could indicate expanding operations. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Bag Of Salt Ltd appears to be a growing business, but it's important to monitor its debt levels and ensure it can manage its increased expenses. The company’s focus on a niche market and its online presence position it well for continued success, but the increasing reliance on credit could pose a challenge in the long run.

Registered in England/Wales under the registration number 07795401, with a registered address at WC1V 6HZ, United Kingdom, London, 1st Floor, Cromwell House, 14 Fulwood Place.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.