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Palace Cuisine Limited

04491356

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 2A, WITNEY, OX28 1UB
Incorporated 22/07/2002

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 21/07/2025

Due 04/08/2026

On track

Industry

10710
Manufacture of bread; manufacture of fresh pastry goods and cakes

Officers

Mr Timothy John Bennett

secretary · Since 22/07/2002

BAKER

BRITISH · UNITED KINGDOM · Age 72

Also on 7 other boards

Mrs Annette Jacqueline Bennett

director · Since 22/07/2002

BAKER

BRITISH · UNITED KINGDOM · Age 64

Also on 1 other board

Mr Timothy John Bennett

director · Since 22/07/2002

BAKER

BRITISH · UNITED KINGDOM · Age 72

Also on 7 other boards

Persons with Significant Control

Mr Timothy John Bennett

25–50% shares
25–50% votes
Appoint directors
Significant control

British · United Kingdom · Age 72

Rose Cottage, Meadow Lane, Burford, OX18 4BW

Notified 06/04/2016

Mrs Annette Jacqueline Bennett

25–50% shares
25–50% votes
Appoint directors
Significant control

British · United Kingdom · Age 64

Rose Cottage, Meadow Lane, Burford, OX18 4BW

Notified 06/04/2016

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 10/11/2003Registered 12/11/2003

CompanyRankvs 1712+ SIC 10710 peers
37

Financial strength9th percentile among SIC peers · 2/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.7× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1712Palace Cuisine Limited
43
How is this score calculated?
Financial strength2/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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 31/12/2024

Net Worth

-£19k

Balance sheet strength

Cash

£41k

Cash in the bank

Net Current Assets

-£22k

Working capital

Current Assets

£50k

Current Liabilities

£72k

Fixed Assets

£3k

Debtors

£7k

3avg. employees

Tax at Year End(2022)

Corp tax£1k

Balance Sheet

Assets less current liabilities-£18k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.70-£4k
20230.67-£6k
20220.85-£531
20210.83+£5k
20200.67-£5k
20190.64-£13k
20181.04—

Derived from filed accounts. Not audited figures.