UK Companies House feature
PALLETOWER (G.B.) LIMITED
Cash
£2M
-35.6% vs 2023
Net assets
£21M
+13.2% vs 2023
Employees
55
-6.8% vs 2023
Profit before tax
£4M
-33.6% vs 2023
Profile
- Company number
- 00908180
- Status
- Active
- Incorporation
- 1967-06-09
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 52290
Net assets
7-year trend · vs UK Logistics & Mobility median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | £25,810,674 | — | — | — | |
| Operating profit | — | — | — | £3,424,415 | — | — | — | |
| Profit before tax | — | — | — | £3,583,620 | £5,914,891 | £5,678,429 | £3,772,302 | |
| Net profit | — | — | — | £2,909,992 | £4,824,610 | £4,407,881 | £2,901,821 | |
| Cash | — | — | — | £60,319 | £269,289 | £2,535,650 | £1,632,632 | |
| Total assets less current liabilities | — | — | — | £12,589,629 | £16,717,232 | £18,908,617 | £21,423,593 | |
| Net assets | — | — | — | £12,468,663 | £16,704,410 | £18,847,291 | £21,339,112 | |
| Equity | £10,858,072 | £12,182,089 | £10,210,449 | £12,468,663 | £16,704,410 | £18,847,291 | £21,339,112 | |
| Average employees | — | — | — | 48 | 52 | 59 | 55 | |
| Wages | — | — | — | £1,726,541 | £2,172,683 | £2,382,464 | £2,342,293 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”
Significant events
- “Significant investments in plastic box moulds and plastic stock are starting to develop strongly and will see significant growth in 2025.”
- “Cash levels also continued to grow and despite making large investments and the group acquiring 3 additional companies was able to trade throughout the year from its own cash resources.”
- “The company also incurred some significant one off costs as it significantly upgraded its warehousing facilities.”
- “Global supply chain issues continued to affect raw material and shipping availability.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PALMER, Matthew Robert | Director | 2010-10-15 | Apr 1972 | British |
| PALMER, Russell John | Director | 2012-10-10 | Jul 1975 | British |
| SPRATT, Lee | Director | 2012-10-10 | Jan 1977 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ATKINS, George Thomas Nigel | Secretary | 1993-07-16 | 1993-09-03 |
| SHELDON, Paul Edward | Secretary | 1993-09-03 | 2012-10-10 |
| SPURGIN, Anthony Basil | Secretary | — | 1993-07-16 |
| ATKINS, George Thomas Nigel | Director | — | 2001-07-25 |
| EDWARDS, John Barrington Ravenshear | Director | — | 1993-07-16 |
| HUTCHINS, Paul John | Director | — | 2012-10-10 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Palletower Structural Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-03-26 | Active |
| Matthew Robert Palmer | Individual | Shares 50–75% | 2016-04-06 | Ceased 2019-03-26 |
Filing timeline
Last 20 of 155 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-09-28 | AA | accounts | accounts with accounts type full |
| 2025-08-14 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-08-14 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-09-25 | AA | accounts | accounts with accounts type full |
| 2024-07-29 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-06-11 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-08-21 | AA | accounts | accounts with accounts type full |
| 2023-07-21 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-03-09 | CH01 | officers | change person director company with change date |
| 2023-03-09 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-03-09 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2022-07-14 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-07-07 | AA | accounts | accounts with accounts type full |
| 2021-07-16 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2021-06-10 | AA | accounts | accounts with accounts type full |
| 2020-07-27 | AA | accounts | accounts with accounts type full |
| 2020-07-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2019-07-19 | AA | accounts | accounts with accounts type full |
| 2019-07-10 | CS01 | confirmation-statement | confirmation statement with updates |
| 2018-07-13 | AA | accounts | accounts with accounts type full |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
10.47
SAFE
Altman Z″
- Working capital / Total assets 0.793 × 6.56 = +5.20
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.120 × 6.72 = +0.81
- Book equity / Total liabilities 4.252 × 1.05 = +4.46
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory