PALMER RE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-10-15 (in 5mo)
Last made up 2025-10-01
Watchouts
None on the register
Cash
£81K
+54.5% vs 2023
Net assets
-£587
+99% vs 2023
Employees
0
Average over period
Profit before tax
£96K
-11.1% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £1,033,891 | £1,538,751 | |
| Operating profit | £154,331 | £132,226 | |
| Profit before tax | £107,512 | £95,616 | |
| Net profit | £81,092 | £60,507 | |
| Cash | £52,228 | £80,685 | |
| Total assets less current liabilities | £1,558,091 | £2,436,173 | |
| Net assets | -£61,273 | -£587 | |
| Equity | -£61,273 | -£587 | |
| Average employees | 0 | 0 | |
| Wages | £0 | £0 |
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 | 14.9% | 8.6% | |
| Net margin | 7.8% | 3.9% | |
| Return on capital employed | 9.9% | 5.4% | |
| Gearing (liabilities / total assets) | 102.5% | 100.0% | |
| Current ratio | 1.22x | 1.82x | |
| Interest cover | 35.72x | 112.72x |
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
- PKF Littlejohn LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the Financial Statements, we have concluded that the Director's use of the going concern basis of accounting in the preparation of the Financial Statements is appropriate.”
Significant events
- “The financial statements have been restated in respect of a disposal of investments of £94,582 from the investment portfolio in 2023.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ARGENTA SECRETARIAT LIMITED | Corporate Secretary | 2020-10-02 | — | — |
| PALMER, Andrew James | Director | 2020-10-02 | Jun 1975 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew James Palmer | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-10-02 | Active |
Filing timeline
Last 17 of 17 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-22 | AA | accounts | Accounts with accounts type full | |
| 2025-10-06 | CH01 | officers | Change person director company with change date | |
| 2025-10-03 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-10-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-07 | AA | accounts | Accounts with accounts type full | |
| 2023-10-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-11 | AAMD | accounts | Accounts amended with accounts type full | |
| 2023-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-11-17 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2022-11-14 | CH01 | officers | Change person director company with change date | |
| 2022-10-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-09-26 | AA | accounts | Accounts with accounts type full | |
| 2021-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-06 | AA01 | accounts | Change account reference date company current extended | |
| 2020-12-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-10-02 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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
-
Turnover
+48.8%
£1,033,891 £1,538,751
-
Cash
+54.5%
£52,228 £80,685
-
Net assets
+99%
-£61,273 -£587
-
Employees
—
Not reported
-
Operating profit
-14.3%
£154,331 £132,226
-
Profit before tax
-11.1%
£107,512 £95,616
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