PALOMINO LIMITED — The Accounts

Net assets

2-year trend · vs Unclassified median

PALOMINO LIMITED·Unclassified median · n=255

Accounts

2-year trend · latest reflected 2024-12-31

Metric	2023-12-31	2024-12-31
Turnover	—	—
Operating profit	—	—
Profit before tax	£1,356,882	£198,644
Net profit	£1,037,743	£148,976
Cash	£4,556,534	£645,655
Total assets less current liabilities	£2,777,870	£276,846
Net assets	£2,777,870	£276,846
Equity	£2,777,870	£276,846
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
Gearing (liabilities / total assets)		99.9%	67.7%
Current ratio		1.00x	1.48x

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)
Abridged: Yes — abridged accounts (limited disclosure)
Auditor: KPMG LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“After evaluating the Company's business activities, financial position, capital, factors likely to affect its future development and performance, and its objectives and policies in managing the financial risks to which it is exposed, the Directors are satisfied that the Company has adequate access to resources to enable it to meet its obligations as they fall due and to continue in operational existence for at least the next 12 months from the date of signing these financial statements. For this reason, the Directors consider it appropriate to prepare the financial statements on a going concern basis.”

Significant events

“The Company has unwound the majority of its investment portfolio during 2024 and during October 2024 terminated the Investment Management Agreement with the Company's Investment Manager.”
“In June 2025, the company received £2.25mn as cash compensation from various class action claims.”
“On November 26, 2025, the Company entered into a settlement agreement with respect to the adversary complaint brought against the Company by the Opioid Master Disbursement Trust II. For further details of the settlement agreement reached refer to note 22.”

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

People

4 active · 6 resigned

Name	Role	Appointed	Born	Nationality
FERRY, Ben	Director	2020-03-16	Mar 1977	British
JOYCE, Peter	Director	2016-08-10	Aug 1976	British
NEWTON, Mark Gordon Andrew	Director	2015-06-12	Nov 1976	British
SAUNDERS, Gary Lewis	Director	2019-06-06	Aug 1978	British

Show 6 resigned officers

Name	Role	Appointed	Resigned
WALKERS SPV LIMITED	Corporate Secretary	2006-08-14	2009-01-05
BRAND, Nicholas Richard	Director	2014-09-18	2019-06-05
MANNAN, Sadat	Director	2007-02-27	2020-01-16
SIMPSON, David Antony	Director	2006-08-14	2016-08-10
SIMPSON, Gavin John	Director	2011-03-11	2014-09-18
SIXSMITH, James	Director	2006-08-14	2015-06-12

Ownership

Persons with significant control

No persons with significant control on record.

Filing timeline

Last 20 of 62 total filings

Material constitutional events — rename, articles re-file, resolution

2019-07-11 OSCC01 Change constitutional documents overseas company with date

Date	Type	Category	Description
2026-01-02	AA	accounts	Accounts with accounts type full
2025-02-12	AA	accounts	Accounts with accounts type full
2024-01-19	AA	accounts	Accounts with accounts type full
2023-05-25	OSCH03	officers	Change person director overseas company with change date
2023-04-26	OSCH01	other	Change company details by uk establishment overseas company with change details
2023-02-08	AA	accounts	Accounts with accounts type full
2022-01-21	AA	accounts	Accounts with accounts type full
2021-04-29	OSAP01	officers	Appoint person director overseas company with name appointment date
2021-01-07	AA	accounts	Accounts with accounts type full
2020-05-12	OSAP05	officers	Appoint person authorised represent overseas company with appointment date
2020-03-16	OSTM03	officers	Termination person authorised overseas company
2020-03-16	OSTM01	officers	Termination person director overseas company with name termination date
2020-01-13	AA	accounts	Accounts with accounts type full
2019-07-11	OSCC01	change-of-constitution	Change constitutional documents overseas company with date
2019-06-26	OSAP01	officers	Appoint person director overseas company with name appointment date
2019-06-26	OSTM01	officers	Termination person director overseas company with name termination date
2019-06-26	OSTM03	officers	Termination person authorised overseas company
2019-06-26	OSAP05	officers	Appoint person authorised represent overseas company with appointment date
2019-04-26	OSCH02	other	Change company details overseas company with change details
2019-01-05	AA	accounts	Accounts with accounts type full

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 1
Capital events: 0
Officers appointed: 0
Officers resigned: 0

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

—

Not reported
Cash

-85.8%

£4,556,534 £645,655
Net assets

-90%

£2,777,870 £276,846
Employees

—

Not reported
Profit before tax

-85.4%

£1,356,882 £198,644

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