Salutare Ltd.

Salutare Ltd from London UK: a small, active company founded four years ago, boasts £1,383,549 in assets, operates from a virtual address, and is led by one director and owner. It's a regular importer of furniture, lighting, and prefabricated buildings, with recent activity recorded just last month.

The company’s website, Salutare, positions itself as a facilitator connecting businesses with qualified subcontractors in Germany, France, and Belgium. It specializes in sourcing skilled workers for construction and manufacturing companies, focusing on firms that prioritize experience and quality. The site lists a range of trades, from masons and electricians to steel construction specialists and photovoltaic installers, and even offers support for production lines and sorting/packaging operations. The company emphasizes its ability to provide vetted, internationally-capable subcontractors at competitive prices, handling all formalities for its clients. It seems like a B2B operation, explicitly stating it only works with companies and not individual job seekers.

Financially, Salutare Ltd presents a mixed picture. While cash bank on hand increased by a healthy 28% to £30,000, current assets have surged by 330% to £1,400,000. However, creditors have also ballooned by a significant 350% to £1,300,000, and trade debtors have increased by 360% to £1,400,000—suggesting a rapid expansion in sales but also potential challenges in managing payments. Equity has doubled to £40,000, which is good, but the large increase in debtors and creditors could indicate the company is relying on credit to fuel its growth. The company, meeting two of three criteria to be considered small, is likely exempt from an audit, and the financial statements are unaudited.

Overall, Salutare Ltd seems to be experiencing rapid growth, but it’s important to monitor its ability to manage its increasing debts. The company’s focus on connecting subcontractors could be a successful niche, but its financial health will depend on its ability to maintain strong relationships with both clients and suppliers.

Registered in England/Wales under the registration number 13346004, with a registered address at E1 6BD, United Kingdom, London, International House, 45-55 Commercial Street.

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