PALM PAPER LIMITED

1. PALM PAPER LIMITED 2002-11-07 → present
2. WEYERHAEUSER (UK) LIMITED 1999-12-30 → 2002-11-07
3. MACMILLAN BLOEDEL PULP AND PAPER SALES LIMITED 1964-07-23 → 1999-12-30

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

Saffery LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Director has considered the company's and group's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements and has reviewed liquidity requirements for this period, taking into account the company's order book and market conditions. There is an ongoing loan agreement with the group's parent company, further substantiated by a letter of financial support from the ultimate parent company, Palm Papier GmbH & Co KG, to allow the group to meet its liabilities as they fall due for a period of 12 months from the date of approval of these financial statements.”

Group structure

1. PALM PAPER LIMITED · parent
   1. Palm Recycling Limited 100%
   2. John Hargreaves (Collyhurst and Stalybridge) Limited 100% · producer of corrugated cardboard, corrugated single face rolls and fanfold

Significant events

• “In October 2024, Palm Paper acquired 100% of the shares of John Hargreaves (Collyhurst & Stalybridge) Ltd. The company is a producer of corrugated cardboard, corrugated single face rolls and fanfold located in Stalybridge, East of Manchester. With this acquisition, the packaging division of the Palm Group expanded its geographical footprint to serve customers also in the UK.”

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

Filings

4

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.

• Turnover

  -17%

  £218,570,000 → £181,434,000

• Cash

  +9.4%

  £774,000 → £847,000

• Net assets

  -10.9%

  £213,738,000 → £190,506,000

• Employees

  +7.3%

  191 → 205

• Operating profit

  -110.6%

  -£13,443,000 → -£28,312,000

• Profit before tax

  -104.1%

  -£14,643,000 → -£29,890,000

• Wages

  +5.3%

  £10,462,000 → £11,017,000

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