PALIO (NO 11) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-01 (in 3mo)
Last made up 2025-07-18
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
£48M
Equity attributable
Employees
—
Average over period
Profit before tax
-£212K
Period ending 2024-12-31
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £5,898,000 | £6,093,000 | |
| Operating profit | £3,717,000 | £3,361,000 | |
| Profit before tax | -£483,000 | -£212,000 | |
| Net profit | -£483,000 | -£212,000 | |
| Cash | — | — | |
| Total assets less current liabilities | — | — | |
| Net assets | £51,092,000 | £48,359,000 | |
| Equity | £51,092,000 | £48,359,000 | |
| Average employees | — | — | |
| Wages | — | — |
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 63.0% | 55.2% | |
| Net margin | -8.2% | -3.5% | |
| Interest cover | 0.89x | 0.94x |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company relies on the dividend and other distributions from its underlying investment to meet its interest and other obligations. Whilst the Company holds a single asset investment, the investment's income stream is substantially backed by the UK Government. Consequently, the Directors have assessed the future cashflow projections and concluded that the Company has sufficient cashflow projections to cover its liabilities and that no severe but plausible downside event would prevent the Company from being able to meet its liabilities as they fall due. As at 31 December 2024, the Company is in a net current liability position, primarily due to the loan payable to Jura JV Co 1 Limited, the parent company, which is repayable on demand. The Directors of Jura JV Co 1 Limited have provided a letter of financial support indicating their intention to not call for repayment of the outstanding amount payable for at least 12 months from the date of approval of these financial statements.”
Group structure
- PALIO (NO 11) LIMITED · parent
- Forth Health Holdings Limited 100%
- Forth Health Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ROUSE, Natalia | Director | 2025-03-04 | Mar 1973 | British |
| TEMPLETON, Matthew | Director | 2023-04-25 | Mar 1973 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Maria | Secretary | 2012-09-27 | 2015-09-04 |
| MILLER, Roger Keith | Secretary | 2011-09-09 | 2012-09-27 |
| NAYLOR, Philip | Secretary | 2015-09-04 | 2019-01-18 |
| CHARLESWORTH, Andrew Gilbert | Director | 2011-09-09 | 2017-05-19 |
| HARDY, David Michael | Director | 2017-05-19 | 2019-05-01 |
| MARSHALL, David Bruce | Director | 2011-09-09 | 2015-06-30 |
| O'BRIEN, Kirsty | Director | 2019-05-01 | 2025-03-04 |
| PRITCHARD, Jamie | Director | 2015-06-30 | 2023-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lagg Holdings Limited | Corporate entity | Shares 25–50%, Voting 25–50% | 2019-09-20 | Active |
| Fenton Holdco Limited | Corporate entity | Significant influence | 2019-09-20 | Active |
| Jlif (Gp) Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2019-09-20 |
Filing timeline
Last 20 of 62 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-01 | AA | accounts | Accounts with accounts type full | |
| 2025-07-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-06 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-06 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type full | |
| 2023-12-06 | AA | accounts | Accounts with accounts type full | |
| 2023-07-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-18 | AP01 | officers | Appoint person director company with name date | |
| 2023-05-18 | TM01 | officers | Termination director company with name termination date | |
| 2022-11-07 | AA | accounts | Accounts with accounts type full | |
| 2022-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-12-29 | AA | accounts | Accounts with accounts type full | |
| 2021-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-16 | AA | accounts | Accounts with accounts type full | |
| 2020-07-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-20 | AD01 | address | Change registered office address company with date old address new address | |
| 2019-12-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2019-12-23 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2019-12-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
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
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31