Salvage It Limited

Salvage It Limited is a small, active company based in Milton Keynes, UK, founded 25 years ago in March 2000. It’s a solo venture, run by a single director and owner, Courtney Diane Elizabeth, and employs just one person. The company operates from a virtual address—sixteen other companies are registered at the same location—and specializes in retail sales via mail order and the internet.

The company’s website, Oil Salvage, paints a picture of a much larger operation. It’s the UK’s largest waste oil facility, boasting 25,000 tonnes of storage and offering a "greener vision" for waste oil collection. Services include garage waste disposal, industrial waste collection, marine waste collection, and even wastewater treatment. A key differentiator is its onsite rerefinery, which recovers, refines, and reuses waste oil, contributing to the circular economy. The website also highlights its commitment to customer service, nationwide coverage, and a range of competitively priced services.

Financially, Salvage It Limited shows a mixed picture. Cash bank on hand increased by 8.5% to £50,000, while net assets grew by 13% to £36,000. However, other creditors jumped by 32% to £13,000, and other taxation and social security payable increased dramatically, from a negative £42 to £560. Trade debtors also increased, suggesting a possible delay in payments. The company meets the criteria for a small company—turnover under £10.2 million, assets under £5.1 million, and fewer than 10 employees—and is exempt from an audit, so the figures are unaudited.

Overall, Salvage It Limited seems to be holding its own, but the increase in creditors and other liabilities suggests it’s keeping a close eye on cash flow. The company’s focus on waste oil rerefining and its commitment to sustainability could be a key differentiator in a competitive market, but it's important to monitor its financial health closely.

Registered in England/Wales under the registration number 03955360, with a registered address at MK17 8RF, Milton Keynes, Bucks, 9 High Street, Woburn Sands.

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