PALMERS (ST ALBANS) LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. PALMERS (ST ALBANS) LIMITED 1997-12-09 → present
2. INGLEBY (1026) LIMITED 1997-09-19 → 1997-12-09

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

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“2024 has seen a dramatic drop in new retail sales, with retail being supplemented by a rapidly growing Motability mix. The Company has adequate sources of funding via an overdraft and vehicle funding.”

Significant events

• “We continued to feel the effects of inflation and higher interest rates throughout 2024 with consumer confidence and spending adversely affecting retail new car sales in particular.”
• “2024 also saw the ZEV mandate come into full effect”
• “2024 proved to be a very difficult year for staff retention.”
• “We saw turnover for the year decrease compared to prior year due to the drop in used vehicle sales volume and this coupled with the year-on-year growth in costs meant the company generated a loss post tax of £203k.”

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

Filings

2

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

  -5.8%

  £58,252,643 → £54,860,980

• Cash

  0%

  £75 → £75

• Net assets

  -22.6%

  £1,640,381 → £1,269,320

• Employees

  +9.1%

  66 → 72

• Operating profit

  -65.8%

  £904,365 → £309,674

• Profit before tax

  -141.9%

  £568,282 → -£237,956

• Wages

  -1.4%

  £2,544,117 → £2,507,302

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