UK Companies House feature
PAPILO LIMITED
Cash
£2M
+595.6% vs 2021
Net assets
£5M
+93% vs 2021
Employees
47
+11.9% vs 2021
Profit before tax
£3M
+238.2% vs 2021
Profile
- Company number
- 05589284
- Status
- Active
- Incorporation
- 2005-10-11
- Last accounts made up
- 2024-10-31
- Account category
- FULL
- Primary SIC
- 38110
- Hubs
- UK Energy & Climate
Net assets
4-year trend · vs UK Energy & Climate median
Accounts
4-year trend · latest 2022-10-31
| Metric | Trend | 2019-10-31 | 2020-10-31 | 2021-10-31 | 2022-10-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £18,193,283 | £25,480,364 | |
| Operating profit | — | — | £873,014 | £2,864,507 | |
| Profit before tax | — | — | £830,853 | £2,810,305 | |
| Net profit | — | — | £673,614 | £2,269,805 | |
| Cash | £268,169 | — | £358,817 | £2,495,876 | |
| Total assets less current liabilities | £1,740,283 | — | £2,391,992 | £4,550,675 | |
| Net assets | £1,660,559 | — | £2,336,973 | £4,510,778 | |
| Equity | £1,660,559 | £1,759,359 | £2,336,973 | £4,510,778 | |
| Average employees | 43 | — | 42 | 47 | |
| Wages | — | — | £1,527,110 | £2,057,554 |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the risks and uncertainties in the Strategic Report, the company's business and financial forecasts, the impact on those forecasts of reasonably possible changes in the trading prospects of the company, together with the company being profitable the directors are of the view that it is appropriate to adopt the going concern basis in the preparation of the financial statements.”
Significant events
- “After securing private equity investment from Palatine on 16th June 2023 and recognising the impact the business has on waste recycling, environmental reporting and the circular economy on the 1st March 2024 the business rebranded to Papilo Limited.”
- “As part of the acquisition on 16th June 2023, Papilo Limited acquiring company, Project Jasmine Bidco Limited took out two bank loans totaling £7m to fund part of the acquisition.”
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
4 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| COLLINS, Russell | Director | 2024-03-06 | Feb 1982 | British |
| GIBSON, Michael Thomas | Director | 2026-04-01 | Jan 1984 | British |
| HODGKISS, Paul | Director | 2015-09-30 | Jul 1968 | British |
| MCAULAY, Ian James | Director | 2024-08-01 | Apr 1965 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAEME, Dorothy May | Secretary | 2005-10-11 | 2005-10-11 |
| SUMNER, Sarah Patricia | Secretary | 2005-10-11 | 2023-06-16 |
| DAVIES, John Michael | Director | 2005-10-11 | 2018-08-13 |
| GRAEME, Lesley Joyce | Director | 2005-10-11 | 2005-10-11 |
| SUMNER, Sarah Patricia | Director | 2005-10-11 | 2023-06-16 |
| TAYLOR, Neil | Director | 2005-10-11 | 2015-06-30 |
| WALLWORK, Gareth Roy | Director | 2009-05-22 | 2023-06-16 |
| WALLWORK, Roy | Director | 2005-10-11 | 2009-05-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Papilo Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-08-01 | Active |
| Mrs Sarah Patricia Sumner | Individual | Shares 25–50%, Voting 25–50% | 2018-08-13 | Ceased 2019-08-01 |
| Mr Gareth Roy Wallwork | Individual | Shares 25–50%, Voting 25–50% | 2018-08-13 | Ceased 2019-08-01 |
| Mr John Michael Davies | Individual | Shares 25–50%, Voting 25–50% | 2018-08-13 | Ceased 2018-08-13 |
Filing timeline
Last 20 of 123 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-04-13 | AP01 | officers | appoint person director company with name date |
| 2026-04-07 | MR04 | mortgage | mortgage satisfy charge full |
| 2026-02-12 | MR04 | mortgage | mortgage satisfy charge full |
| 2026-02-12 | MR04 | mortgage | mortgage satisfy charge full |
| 2026-02-10 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2026-02-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2026-02-02 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-09-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-04-03 | AA | accounts | accounts with accounts type full |
| 2024-09-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-08-01 | AP01 | officers | appoint person director company with name date |
| 2024-07-31 | AA | accounts | accounts with accounts type full |
| 2024-04-29 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2024-04-26 | AP01 | officers | appoint person director company with name date |
| 2024-03-05 | CERTNM | change-of-name | certificate change of name company |
| 2024-03-05 | CONNOT | change-of-name | change of name notice |
| 2024-03-01 | AD01 | address | change registered office address company with date old address new address |
| 2023-10-09 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-10-09 | AD04 | address | move registers to registered office company with new address |
| 2023-08-11 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
Credit score
Altman Z″ (private-firm) · reference 2022-10-31
4.30
SAFE
Altman Z″
- Working capital / Total assets 0.344 × 6.56 = +2.25
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.221 × 6.72 = +1.48
- Book equity / Total liabilities 0.532 × 1.05 = +0.56
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