SALIX FINANCE LTD
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-16 (in 9mo)
Last made up 2026-02-02
Watchouts
None on the register
Cash
£1M
+45.1% vs 2024
Net assets
-£2M
+18.8% vs 2024
Employees
212
Average over period
Profit before tax
—
Period ending 2025-03-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | -£712,000 | -£927,000 | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | — | — | |
| Cash | £844,000 | £1,225,000 | |
| Total assets less current liabilities | -£1,912,000 | -£1,526,000 | |
| Net assets | -£2,029,000 | -£1,647,000 | |
| Equity | -£2,029,000 | -£1,647,000 | |
| Average employees | — | 212 | |
| Wages | £7,654,000 | £9,770,000 | |
| Directors' remuneration | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-30.2%
-£712,000 -£927,000
-
Cash
+45.1%
£844,000 £1,225,000
-
Net assets
+18.8%
-£2,029,000 -£1,647,000
-
Employees
—
Not reported
-
Wages
+27.6%
£7,654,000 £9,770,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 194.5% | 158.8% | |
| Current ratio | 0.39x | 0.53x |
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.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- Samad Hussain
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, I have concluded that Salix Finance Ltd's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Significant events
- “The election of a new UK government brought a renewed focus to our work as we responded to new government policy and changing priorities. This will change the shape of our future work.”
- “The 2025 spending review was published in June 2025. The government outlined capital and day-to-day funding for government departments over the three years to 2028-29 but decided to commit no additional investment for the Public Sector Decarbonisation Scheme beyond the already awarded projects, which are due to finish by 31 March 2028.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
8 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONROY, David | Director | 2025-01-28 | May 1949 | British |
| EVANS OF BOWES PARK, Natalie Jessica, Baroness | Director | 2024-03-01 | Nov 1975 | British |
| GILLIES, Andrew Sawyer | Director | 2025-02-17 | Nov 1965 | British |
| HITCH, Claire Anne | Director | 2025-06-01 | May 1961 | British |
| HOLLAND, Kevin Michael | Director | 2024-10-04 | Oct 1964 | British |
| JEFFERS, Alison Jane | Director | 2025-02-24 | Jan 1966 | British |
| JONES, Andrew Charles | Director | 2024-04-01 | Jan 1977 | British |
| VEGRO, Tracy Amanda | Director | 2022-08-01 | Apr 1961 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ELLIS, Julie Rita | Secretary | 2023-11-01 | 2026-05-08 |
| KEIR, Alastair John | Secretary | 2006-11-14 | 2012-06-27 |
| SHEPPERD, Annie | Secretary | 2012-06-27 | 2023-11-01 |
| EPS SECRETARIES LIMITED | Corporate Secretary | 2004-03-09 | 2006-11-14 |
| ADDISON, Mark Eric | Director | 2006-06-01 | 2011-06-28 |
| CLANCY, Emma | Director | 2023-11-01 | 2024-10-03 |
| DERRICK, Peter | Director | 2004-09-01 | 2011-06-28 |
| EDMONDS, John Walter | Director | 2013-07-16 | 2022-05-31 |
| EDMONDS, John Walter | Director | 2004-03-09 | 2013-07-16 |
| GRAHAM, Teresa Colomba, Dame | Director | 2004-03-09 | 2024-03-31 |
| KEIR, Alastair John | Director | 2008-01-25 | 2012-06-27 |
| MACK, Eleanor | Director | 2009-04-01 | 2011-06-28 |
| MALLABURN, Peter Stuart, Dr | Director | 2006-05-09 | 2008-01-25 |
| POWELL, Helen | Director | 2020-09-30 | 2024-12-31 |
| SHEPPERD, Annie | Director | 2012-06-27 | 2023-11-01 |
| STARK, Michael Colin | Director | 2013-04-10 | 2025-05-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Secretary Of State For The Department Of Energy Security And Net Zero | Legal person | Voting 75–100%, Appoints directors | 2023-02-07 | Active |
| Secretary Of State For The Department For Business, Energy And Industrial Strategy | Legal person | Voting 75–100%, Appoints directors | 2020-09-30 | Ceased 2023-05-03 |
| Mr John Walter Edmonds | Individual | voting-rights-25-to-50-percent-as-firm | 2016-04-06 | Ceased 2020-09-30 |
| Mr Michael Colin Stark | Individual | voting-rights-25-to-50-percent-as-firm | 2016-04-06 | Ceased 2020-09-30 |
| Ms Teresa Colomba Graham | Individual | voting-rights-25-to-50-percent-as-firm | 2016-04-06 | Ceased 2020-09-30 |
Filing timeline
Last 20 of 118 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-11 | TM02 | officers | Termination secretary company with name termination date | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-01-14 | CH01 | officers | Change person director company with change date | |
| 2025-12-19 | AA | accounts | Accounts with accounts type full | |
| 2025-06-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-17 | CH01 | officers | Change person director company with change date | |
| 2025-03-03 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-10 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-10-14 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-04 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-13 | AP01 | officers | Appoint person director company with name date | |
| 2024-02-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-02-08 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
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.