Palladium Distribution Limited
03053984
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Nahal Mahis
Portuguese · England · Age 34
10, Queen Street, Ipswich, IP1 1SS
Notified 01/10/2025
Former PSCs
Mr Kuldip Singh Kainth
Ceased 03/07/2018
Mr Avtar Singh Kainth
Ceased 20/02/2025
Mr Paul David Harris
Ceased 28/03/2025
Sir Avtar Singh Kainth
Ceased 01/10/2025
Charges0 outstanding
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 2291+ SIC 46520 peers49
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2024
Net Worth
£2
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£65k
Working capital
Current Assets
£221k
Current Liabilities
£287k
Fixed Assets
£9k
Debtors
£197k
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.77 |
| 2023 | 0.93 |
| 2022 | 0.95 |
| 2021 | 0.99 |
| 2020 | 1.00 |
| 2019 | 0.84 |
Derived from filed accounts. Not audited figures.