SALARY FINANCE LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors acknowledge that these events or conditions indicate the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern. Based on the Company's forecasts and projections, and positive discussions with external debt providers, however, the directors are confident that the Company will be able to generate or raise adequate funds to continue in operational existence and meet liabilities as they fall due for a period of at least twelve months from the date these financial statements are approved. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

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

• Turnover

  +49.1%

  £21,139,697 → £31,522,963

• Cash

  -47.3%

  £32,873,040 → £17,332,577

• Net assets

  -13.6%

  -£71,153,560 → -£80,821,952

• Employees

  -33.9%

  233 → 154

• Operating profit

  +52.3%

  -£18,720,468 → -£8,930,462

• Profit before tax

  +50.1%

  -£19,268,610 → -£9,608,402

• Wages

  -23.7%

  £13,873,456 → £10,590,672

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

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.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors acknowledge that these events or conditions indicate the existence of a material uncertainty which may cast significant doubt on the Company's ability to continue as a going concern. Based on the Company's forecasts and projections, and positive discussions with external debt providers, however, the directors are confident that the Company will be able to generate or raise adequate funds to continue in operational existence and meet liabilities as they fall due for a period of at least twelve months from the date these financial statements are approved. The Company therefore continues to adopt the going concern basis in preparing its financial statements.”

Group structure

1. SALARY FINANCE LIMITED · parent
   1. Skylark Loans Limited 0.5% · England and Wales · warehouse financing vehicle which issues debt securities to fund the company's loan originations

Significant events

• “In February 2025, the Company successfully negotiated a risk retention funding line with a committed debt facility of up to £10million to fund subordinated loan note obligations in respect of eligible receivables.”
• “The convertible loan set out in note 15, originally due to be repaid in March 2025, was extended to February 2026.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.