PALMGLEN LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-28 (in 7mo)
Last made up 2025-12-14
Watchouts
None on the register
Cash
£2M
-46.8% lowest in 4 filed years
Net assets
£6M
+6.6% vs 2024
Employees
103
-1% vs 2024
Profit before tax
£1M
-56.2% lowest in 4 filed years
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £14,166,648 | £12,736,907 | |
| Operating profit | — | — | — | — | — | £3,254,564 | £1,412,550 | |
| Profit before tax | — | — | — | £4,616,275 | £3,565,756 | £3,392,502 | £1,485,048 | |
| Net profit | — | — | — | £3,700,092 | £2,863,139 | £2,473,929 | £1,097,567 | |
| Cash | — | — | — | £6,382,465 | £4,759,557 | £4,065,708 | £2,163,725 | |
| Total assets less current liabilities | — | — | — | £6,802,453 | £6,665,592 | £5,339,521 | £6,307,642 | |
| Net assets | — | — | — | £6,767,190 | £6,630,329 | £5,304,258 | £5,651,825 | |
| Equity | £3,444,942 | £3,621,209 | — | £6,767,190 | £6,630,329 | £5,304,258 | £5,651,825 | |
| Average employees | — | — | — | 80 | 88 | 104 | 103 | |
| Wages | — | — | — | £2,256,884 | £2,472,970 | £2,543,724 | £2,890,820 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | 23.0% | 11.1% | |
| Net margin | — | — | — | — | — | 17.5% | 8.6% | |
| Return on capital employed | — | — | — | — | — | 61.0% | 22.4% | |
| Current ratio | — | — | — | — | — | 2.07x | 1.33x |
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
- Standalone (parent only)
- Auditor
- Gerald Edelman LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having reviewed the company's financial forecasts and expected future cash flows, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to hold good cash reserves to shelter against any further economic uncertainty and to continue operationally. Thus, the going concern basis has been adopted in preparing the financial statements for the year ended 31 March 2025.”
Significant events
- “The company has reported a fall in turnover in addition to a decrease in profit during the year under review following the closure of the club for the refurbishment.”
- “The club was closed for several months for refurbishment during the year which impacted the KPIs but the directors expect them to improve once the upgrade is fully complete.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIES, Angela | Secretary | 2006-03-22 | — | British |
| NASH, Fred Henry Heltzel | Director | 2020-09-30 | Feb 1980 | British |
| WATT, Michael Heseltine | Director | 2020-09-15 | Dec 1940 | New Zealander |
| XUAN BUI, Sang | Director | 2020-09-15 | Nov 1988 | British |
| MULBERRY WHITE LIMITED | Corporate Director | 2025-04-04 | — | — |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BANES, Alan Lawrence | Secretary | 2005-06-28 | 2006-03-22 |
| KING, Peter Stephen George | Secretary | — | 1997-01-13 |
| SHAMSI, Irfan Ellahi | Secretary | 1997-01-13 | 2005-06-28 |
| BOURNE, Benjamin James | Director | 2020-09-15 | 2025-04-04 |
| BUCKS, Michael | Director | 2020-09-15 | 2021-04-30 |
| COOKE, Simon Frederick Burniston | Director | 2009-08-06 | 2020-09-30 |
| DUHANEY, Ray | Director | 2005-06-28 | 2006-12-18 |
| GREENE, Sally Anne | Director | 2005-06-28 | 2022-08-04 |
| HOUSER, Walter Maurice | Director | 1997-01-13 | 2005-06-28 |
| KING, Peter Stephen George | Director | — | 2005-06-28 |
| SCOTT, Ronald | Director | — | 1996-12-23 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Ronnie Scott's Jazz Club Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-11-28 | Active |
Filing timeline
Last 20 of 146 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-18 | AA | accounts | Accounts with accounts type full | |
| 2025-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-11 | AP02 | officers | Appoint corporate director company with name date | |
| 2025-04-11 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-30 | AA | accounts | Accounts with accounts type medium | |
| 2024-12-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-12 | AA | accounts | Accounts with accounts type full | |
| 2023-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-20 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-26 | CH03 | officers | Change person secretary company with change date | |
| 2022-08-08 | TM01 | officers | Termination director company with name termination date | |
| 2021-12-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-08 | AA | accounts | Accounts with accounts type full | |
| 2021-06-08 | TM01 | officers | Termination director company with name termination date | |
| 2021-03-31 | AA | accounts | Accounts with accounts type full | |
| 2020-12-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-07 | AP01 | officers | Appoint person director company with name date | |
| 2020-10-07 | TM01 | officers | Termination director company with name termination date | |
| 2020-09-15 | AP01 | officers | Appoint person director company with name date |
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.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-10.1%
£14,166,648 £12,736,907
-
Cash
-46.8%
£4,065,708 £2,163,725
lowest in 4 filed years
-
Net assets
+6.6%
£5,304,258 £5,651,825
-
Employees
-1%
104 103
-
Operating profit
-56.6%
£3,254,564 £1,412,550
-
Profit before tax
-56.2%
£3,392,502 £1,485,048
lowest in 4 filed years
-
Wages
+13.6%
£2,543,724 £2,890,820
highest in 4 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers