Pallion Engineering Limited
02579965
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 8 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 29/09/2017
DIRECTOR
BRITISH · UNITED KINGDOM · Age 66
Also on 4 other boards
director · Since 29/09/2017
PROPERTY DEVELOPER
BRITISH · ENGLAND · Age 46
Also on 9 other boards
director · Since 02/04/2024
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 69
Also on 1 other board
Persons with Significant Control
Mr Pantelis Kollakis
Greek · Switzerland · Age 77
Pallion Yard, Sunderland, SR4 6LL
Notified 06/04/2016
Mrs Diane Kollakis
Greek · Switzerland · Age 78
Pallion Yard, Sunderland, SR4 6LL
Notified 06/04/2016
Mr Dimitrios Manios
Greek · Greece · Age 50
Pallion Yard, Sunderland, SR4 6LL
Notified 06/04/2016
Charges8 outstanding
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CompanyRankvs 2609+ SIC 25990 peers55
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2023
Net Worth
£2.2M
Balance sheet strength
Cash
£117k
Cash in the bank
Net Current Assets
-£453k
Working capital
Current Assets
£304k
Current Liabilities
£757k
Fixed Assets
£2.7M
Debtors
£186k
Tax at Year End(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.40 | +£2.4M |
| 2022 | 1.45 | -£125k |
| 2021 | 0.43 | -£227k |
| 2020 | 0.96 | +£360k |
| 2019 | 1.61 | +£154k |
| 2018 | 0.36 | — |
Derived from filed accounts. Not audited figures.