How much does Seasalt Holdings Limited make?

Seasalt Holdings Limited reported revenue of £150m and a loss of £54.7k in the year to 31 Jan 2026, according to its accounts filed at Companies House.

How many employees does Seasalt Holdings Limited have?

Seasalt Holdings Limited reported an average of 1,370 employees in the year to 31 Jan 2026.

Is Seasalt Holdings Limited profitable?

No — Seasalt Holdings Limited reported a loss of £54.7k in the year to 31 Jan 2026.

Company No. 04512575 · Incorporated 15 Aug 2002

Seasalt Holdings Limited

Registered name: SEASALT HOLDINGS LIMITED

Seasalt Holdings Limited made £150m revenue and a £54.7k loss in the year to 31 Jan 2026.

Seasalt Holdings Limited’s revenue was £150m in the year to 31 Jan 2026, with a loss of £54.7k and 1,370 employees. The company is classified under “other retail sale in non-specialised stores” and is based in Falmouth; we hold 4 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47190Other retail sale in non-specialised stores SIC 47710Retail sale of clothing in specialised stores SIC 47721Retail sale of footwear in specialised stores

Status: Active
Location: Falmouth, South West
Age: 24 yrs · since 2002
Type: Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Latest accounts · year to 31 Jan 2026

Key figures

IndependentCash flow filed

Revenue

£150m

Growth ▲0%

Profit

−£54.7k

Growth —

Profit margin

Gross 54.9%

Employees

1,370

Change ▲3.4%

Profit / employee

−£40

Revenue/employee £109k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Jan 2023	27 Jan 2024	1 Feb 2025	31 Jan 2026
Disclosure	Full P&L	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£119m	£133m	£150m	£150m
Cost of sales	£58.1m	£59.9m	£67.9m	£67.4m
Gross profit	£60.7m	£72.8m	£81.7m	£82.2m
Operating profit	£5.8m	£7.9m	£7.7m	£6.7m
Profit before tax	£471k	£6.8m	£4m	£254k
Profit after tax	−£1.1m	£2.9m	−£58k	−£54.7k
Profit (best available)	−£1.1m	£2.9m	−£58k	−£54.7k
Staff costs	£25.2m	£34.1m	£38.2m	£39.2m
Employees (average)	1,194	1,287	1,325	1,370
Ratios
Profit margin	−0.9%	2.2%	0%	0%
Gross margin	51.1%	54.9%	54.6%	54.9%
Revenue per employee	£99.6k	£103k	£113k	£109k
Profit per employee	−£906	£2.3k	−£44	−£40
Cash conversion	90.1%	149.8%	57.6%	206%
Growth (year on year)
Revenue growth	—	▲11.6%	▲12.8%	▲0%
Profit growth	—	—	▼102%	—
Headcount growth	—	▲7.8%	▲2.9%	▲3.4%
Balance sheet — indirect signals, not revenue
Cash at bank	£286k	£30.9k	£199k	£1.9k
Net assets	£344k	£3.4m	£3.4m	£3.3m
Fixed assets	£16.4m	£19.9m	£21.6m	£19.9m
Current assets	£910k	£2.1m	£1.3m	£1.3m
Debtors	£3.4m	£3.6m	£5.1m	£4.1m
Cash from operations	£5.2m	£11.8m	£4.4m	£13.8m
Source	Accounts · bulk data Aug 2024	Accounts · bulk data Aug 2024	FullAccounts · bulk data Aug 2025	FullAccounts · bulk data Aug 2026

Derived from the latest filing

How the business works

Profit margin: 0%; Profit ÷ revenue.
Gross margin: 54.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £109k; Revenue ÷ average employees.
Profit per employee: −£40; Profit ÷ average employees.
Cash conversion: 206%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 13.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 2.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼4%; Now £3.3m
Cash at bank: ▼99%; Now £1.9k
Headcount: ▲3%; Now 1,370
Deferred income: —; Now —
Fixed assets: ▼8%; Now £19.9m

Corporate ownership

Group structure

Subsidiaries (1)

Seasalt LimitedRev. £148m · Profit £363k

Minority corporate shareholders

BGF GP Limited

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Jan 2026 (profit −£54.7k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.