PALLETWAYS (UK) LIMITED

• ◆

  1 PSC 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 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis, the Company has made a profit of £17.7m in the year to 31 December 2024 (18-month period to 31 December 2023: profit of £25.6m), and as at that date had net assets of £79.8m, cash reserves of £3.2m and net current liabilities of £3.9m (31 December 2023: £62.1m, cash reserves of £3.6m and net current liabilities of £5.5m). In addition to the Company's own resources, it is also a member of the global DP World group and participates in centralised treasury arrangements. The Company manages its financial risk in accordance with the policies stated in the Strategic Report on page 3.”

Significant events

• “The Russia-Ukraine war and subsequent sanctions imposed on Russia by the West have continued to cause turbulence in global markets, especially fuel prices, which have significantly increased. Russia is the largest producer of natural gas and the third-largest producer of oil after the US and Saudi Arabia.”
• “Supply chain disruptions stemming from the COVID-19 pandemic have persisted, causing delays and shortages in production. These ongoing issues have further elevated prices for goods and services within the UK.”
• “Fleet renewals have seen delays in fleet replacement availability, along with higher lease premiums, which can continue to adversely fluctuate between order and final vehicle delivery.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  -29.5%

  £349,078,000 → £246,057,000

• Cash

  -10%

  £3,598,000 → £3,239,000

• Net assets

  +28.5%

  £62,101,000 → £79,828,000

• Employees

  +3.3%

  690 → 713

• Operating profit

  -35%

  £29,719,000 → £19,303,000

• Profit before tax

  -31.7%

  £32,437,000 → £22,160,000

• Wages

  -29.6%

  £41,556,000 → £29,268,000

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