SEASALT HOLDINGS LIMITED
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Cash
£10m
+110.6% vs 2025
Net assets
£26m
-1.7% vs 2025
Employees
1,370
+1% highest in 3 filed years
Profit before tax
£254k
-93.6% lowest in 3 filed years
Watch the reel
Our short-form breakdown of SEASALT HOLDINGS LIMITED's latest filing
Seasalt Cornwall’s latest accounts show a £150m top line that has stalled out, pushing the fashion brand into a net loss for the year. 📉
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-01-31
| Metric | Trend | 2024-01-27 | 2025-02-01 | 2026-01-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £132,627,553 | £149,602,661 | £149,635,883 | 0% | |
| Operating profit | £7,875,835 | £4,796,209 | £3,040,582 | -36.6% | |
| Profit before tax | £6,793,907 | £3,950,076 | £254,071 | -93.6% | |
| Net profit | £4,657,071 | £2,725,376 | -£273,572 | -110% | |
| Cash | £13,789,415 | £4,807,434 | £10,125,491 | +110.6% | |
| Total assets less current liabilities | £31,210,497 | £30,255,624 | £28,581,306 | -5.5% | |
| Net assets | £23,759,853 | £26,525,018 | £26,067,539 | -1.7% | |
| Equity | £23,759,853 | £26,525,018 | £26,067,539 | -1.7% | |
| Average employees | 1,287 | 1,357 | 1,370 | +1% | |
| Wages | £29,709,469 | £33,243,529 | £33,291,365 | +0.1% | |
| Directors' remuneration | £755,004 | £789,733 | £747,046 | -5.4% | |
| Directors' pension contributions | £85,708 | £97,143 | £111,251 | +14.5% | |
| Highest paid director | £363,135 | £391,095 | £335,289 | -14.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-01-27 | 2025-02-01 | 2026-01-31 |
|---|---|---|---|---|
| Operating margin | 5.9% | 3.2% | 2.0% | |
| Net margin | 3.5% | 1.8% | -0.2% | |
| Return on capital employed | 25.2% | 15.9% | 10.6% | |
| Gearing (liabilities / total assets) | 59.8% | 58.6% | 58.3% | |
| Current ratio | 1.41x | 1.26x | 1.26x | |
| Interest cover | 5.09x | 4.04x | 1.88x |
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.
Name history
Renamed 2 times since incorporation
- SEASALT HOLDINGS LIMITED 2018-08-20 → present
- CHADWICK BROTHERS LIMITED 2004-11-17 → 2018-08-20
- MES AMIS LIMITED 2002-08-15 → 2004-11-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- PKF Francis Clark
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements are prepared on a going-concern basis. Directors affirm resilience, maintain a long-range plan with sufficient liquidity, and report £10m cash at 31 Jan 2026, with an undrawn £9m Revolving Credit Facility (refinanced to £15m post year-end).”
Group structure
- SEASALT HOLDINGS LIMITED · parent
- Seasalt Limited 100%
- Seasalt USA Incorporated 100%
- Seasalt USA (Partners) Incorporated 100%
- Seasalt USA (Retail) Incorporated 100%
- Seasalt Clothing (Ireland) Limited 100%
- General Clothing Stores Limited 100%
Significant events
- “Discontinued operations represent our US stores that closed in May 2026 after an extensive trial programme, as part of our disciplined approach to capital allocation. Although our US third party business has grown rapidly, demonstrating the appeal of our brand with US consumers, our store portfolio has not delivered acceptable returns.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CHADWICK, Leigh George | Secretary | 2002-08-15 | — | British |
| MICHELMORES SECRETARIES LIMITED | Corporate Secretary | 2018-09-12 | — | — |
| CHADWICK, Leigh George | Director | 2002-08-15 | Jun 1957 | British |
| CHADWICK, Neil Michael | Director | 2002-08-15 | Jun 1966 | British |
| DORBIN, Ned James | Director | 2018-08-17 | Mar 1977 | British |
| HARRISON, Michael John | Director | 2020-01-21 | Jun 1960 | British,American |
| HAYES, Paul Leslie, Mr. | Director | 2018-07-16 | May 1971 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| SDG SECRETARIES LIMITED | Corporate Nominee Secretary | 2002-08-15 | 2002-08-15 |
| CHADWICK, David Alfred | Director | 2002-08-15 | 2018-08-17 |
| SDG REGISTRARS LIMITED | Corporate Nominee Director | 2002-08-15 | 2002-08-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bgf Nominees Limited | Corporate entity | Significant influence | 2018-08-17 | Active |
| Mr Leigh George Chadwick | Individual | Significant influence | 2016-04-06 | Active |
| Mr David Alfred Chadwick | Individual | Voting 25–50% | 2016-04-06 | Active |
| Mr Neil Michael Chadwick | Individual | Significant influence | 2016-04-06 | Active |
Filing timeline
Last 20 of 161 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-08-05 RESOLUTIONS Resolution
- 2026-07-23 MA Memorandum articles
- 2025-05-08 RESOLUTIONS Resolution
- 2025-05-08 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-26 | AA | accounts | Accounts with accounts type group | |
| 2026-08-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-08-07 | SH06 | capital | Capital cancellation shares | |
| 2026-08-07 | SH03 | capital | Capital return purchase own shares | |
| 2026-08-05 | RESOLUTIONS | resolution | Resolution | |
| 2026-07-23 | MA | incorporation | Memorandum articles | |
| 2026-07-15 | SH01 | capital | Capital allotment shares | |
| 2026-07-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-02 | CH01 | officers | Change person director company with change date | |
| 2026-07-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2026-07-02 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-08-19 | AA | accounts | Accounts with accounts type group | |
| 2025-08-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-08-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-01 | SH06 | capital | Capital cancellation shares | |
| 2025-08-01 | SH03 | capital | Capital return purchase own shares | |
| 2025-05-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-08 | RESOLUTIONS | resolution | Resolution | |
| 2025-05-01 | SH01 | capital | Capital allotment shares | |
| 2024-08-12 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 6
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.