Salko Uk Limited

Salko Uk Limited, based in Spaldington, UK, is a large, active family business founded 24 years ago. Employing 108 people, the company holds £2,940,351 in assets and operates from a real address. With four directors and two owners, it’s a well-established entity. The company is an irregular exporter, primarily dealing in machinery, boilers, and mechanical appliances, with a recent export operation in February 2023. It operates within the electrical installation industries.

The company's website isn’t readily available for detailed analysis, so it’s difficult to determine if they operate an e-commerce site. However, the business description suggests a focus on electrical installation services.

Financially, Salko Uk Limited shows a mixed picture. Current assets decreased by 34%, dropping to £2.9 million, while net assets also declined by 24%, settling at £1.5 million. Bank borrowings were reduced by 23%, reaching £300,000, and cash reserves fell 91%, leaving just £48,000. However, creditors decreased by 38%, indicating improved debt management. The company meets two of three criteria to be classified as large, with a turnover exceeding £36 million and balance sheet total over £18 million, but a significant drop in employee numbers – from 110 to just 28 – is a notable trend. The company's auditor is Haigh & Co.

The decrease in employee numbers could be a result of restructuring or changes in project workload. The drop in cash reserves, while concerning, might be linked to increased investment in assets or expansion of operations. It’s worth noting that the unaudited financial statements rely on director-reported data, so a more detailed audit would be beneficial. Overall, Salko Uk Limited seems to be navigating a period of change, with both challenges and opportunities ahead.

Registered in England/Wales under the registration number 04133770, with a registered address at DN14 7NL, England, Spaldington, Spaldington Court, Main Street.

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