SALTCO II LIMITED

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. SALTCO II LIMITED · parent
   1. Brsk ISP Limited 100% · England · Wired telecommunications activities
   2. BRSK Limited 100% · England · Wired telecommunications activities
   3. Brsk SA (Pty) Limited 100% · South Africa · Corporate and financial services
   4. Saltco Limited 100% · England · Holding company

Significant events

• “2024 was a transformative year for the Group, marked by operational expansion, financial strengthening, and a significant strategic merger.”
• “Strategic Merger: Merged with Substantial Group, creating one of the UK's largest and most capital-efficient alternative networks, with a combined footprint of 2.2 million Premises Passed (2) and a target of nearly 3 million by end-2025.”
• “The business combination with the Substantial group was a significant strategic decision.”
• “During the period 2,560,010 ordinary shares with a nominal value of £1 were issued for cash consideration of £63,067,285 to raise funds in the Brsk Group following their acquisition from Substantial group.”

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

Filings

20

last 12 months

Capital events

9

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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