SALUTEM LD TOPCO LIMITED
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Cash
£4.2m
-13% vs 2025
Net assets
-£32m
-10.7% lowest in 3 filed years
Employees
1,530
+0.7% highest in 3 filed years
Profit before tax
-£3.2m
-9.1% vs 2025
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £58,369,000 | £61,267,000 | £65,416,000 | +6.8% | |
| Operating profit | £1,257,000 | £3,159,000 | £2,521,000 | -20.2% | |
| Profit before tax | -£4,182,000 | -£2,942,000 | -£3,211,000 | -9.1% | |
| Net profit | -£4,125,000 | -£3,024,000 | — | — | |
| Cash | £3,582,000 | £4,832,000 | £4,203,000 | -13% | |
| Total assets less current liabilities | £33,139,000 | £36,327,000 | £33,362,000 | -8.2% | |
| Net assets | -£25,777,000 | -£28,801,000 | -£31,872,000 | -10.7% | |
| Equity | -£25,777,000 | -£28,801,000 | -£31,872,000 | -10.7% | |
| Average employees | 1,505 | 1,520 | 1,530 | +0.7% | |
| Wages | £34,361,000 | £38,789,000 | £41,185,000 | +6.2% | |
| Directors' remuneration | £322,000 | £416,000 | £509,000 | +22.4% | |
| Directors' pension contributions | £32,000 | £38,000 | £45,000 | +18.4% | |
| Highest paid director | £145,000 | £178,000 | £248,000 | +39.3% |
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 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Operating margin | 2.2% | 5.2% | 3.9% | |
| Net margin | -7.1% | -4.9% | — | |
| Return on capital employed | 3.8% | 8.7% | 7.6% | |
| Gearing (liabilities / total assets) | 145.1% | 154.7% | 158.5% | |
| Current ratio | 0.45x | 0.82x | 0.77x | |
| Interest cover | 0.23x | 0.52x | 0.44x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- S&W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“the directors have a reasonable expectation that the Company and its subsidiaries (together, the "Group") has adequate resources to continue to trade solvently for the foreseeable future, being a period not less than 12 months from the date of the authorisation”
Group structure
- SALUTEM LD TOPCO LIMITED · parent
- Salutem LD Midco I Limited 100%
- Salutem Shared Services Limited 100%
- Salutem Shared Services II Limited 100%
- Pathways Care Group Limited 100%
Significant events
- “During the prior year, in July 2024, the Group restructured its investments in Bidco, Bidco II and Bidco III under a share for share exchange with Salutem LD Midco I Limited ("Midco I"), at a cost of £6 to the Company.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GODDEN, John Steven | Director | 2017-03-04 | Jun 1965 | British |
| HILLEN, Kenneth James Gribben | Director | 2017-04-21 | May 1956 | British |
| LAWES, Paul Raymond | Director | 2018-01-04 | Nov 1973 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JACKSON, David | Director | 2017-04-21 | 2017-11-30 |
| MORLEY, Ian Bertrand | Director | 2017-04-21 | 2019-04-29 |
| TRAVERS, Steven David | Director | 2017-04-21 | 2018-04-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Salutem Healthcare Limited | Corporate entity | Appoints directors | 2020-03-12 | Ceased 2022-02-15 |
| Ms Michele Lodge | Individual | Shares 25–50% (as trust) | 2017-04-21 | Ceased 2020-03-12 |
| Mr Jacques Giacomo Diwan | Individual | Shares 25–50% (as trust) | 2017-04-21 | Ceased 2020-03-12 |
| Mr Dan Quai | Individual | Shares 25–50% (as trust) | 2017-04-21 | Ceased 2020-03-12 |
| Salutem Healthcare Limited | Corporate entity | Shares 75–100% (as firm), Voting 75–100% (as firm), Appoints directors (as firm), Significant influence (as firm) | 2017-03-04 | Ceased 2017-04-21 |
Filing timeline
Last 20 of 73 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-07-30 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-16 | AA | accounts | Accounts with accounts type group | |
| 2026-03-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-08 | AA | accounts | Accounts with accounts type group | |
| 2025-03-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-28 | AA | accounts | Accounts with accounts type group | |
| 2024-08-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-07-30 | RESOLUTIONS | resolution | Resolution | |
| 2024-07-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-04-12 | AA | accounts | Accounts with accounts type group | |
| 2024-03-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-28 | AA | accounts | Accounts with accounts type group | |
| 2023-06-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-03-27 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-29 | AA | accounts | Accounts with accounts type group | |
| 2022-06-09 | SH06 | capital | Capital cancellation shares | |
| 2022-06-09 | SH03 | capital | Capital return purchase own shares | |
| 2022-03-17 | SH06 | capital | Capital cancellation shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- 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.