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Palmun Limited

04968133

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

8 NORMAN WAY, LONDON, N14 6NA
Incorporated 18/11/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46480
Wholesale of watches and jewellery

Officers

Mr Paawan Munjal

secretary · Since 18/11/2003

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 48

Also on 7 other boards

Mr Paawan Munjal

director · Since 18/11/2003

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 48

Also on 7 other boards

Persons with Significant Control

Mr Paawan Munjal

25–50% shares

British · England · Age 48

8, Norman Way, London, N14 6NA

Notified 06/04/2016

Former PSCs

Mr Satyan Kishor Pala

Ceased 30/09/2020

Charges3 outstanding

charge
outstanding

WATERFRONT STUDIOS LIMITED

Created 16/08/2011Registered 17/08/2011
charge
outstanding

WATERFRONT STUDIOS LTD

Created 18/08/2008Registered 19/08/2008
charge
outstanding

CAPITAL HOME LOANS LIMITED

Created 20/02/2007Registered 23/02/2007

CompanyRankvs 67+ SIC 46480 peers
74

Financial strength82th percentile among SIC peers · 21/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.07× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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67Palmun Limited
84
How is this score calculated?
Financial strength21/25 pts

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

Employees13/15 pts

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

Liquidity20/20 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 31/03/2025

Net Worth

£67k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£90k

Working capital

Current Assets

£174k

Current Liabilities

£84k

Fixed Assets

£235k

3avg. employees+1

Balance Sheet

Assets less current liabilities£325k
Signed by 1.4.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20252.07-£42k
20240.97-£4k
20231.73-£453
20222.95-£2k
20212.51-£4k
20201.85-£20k
20192.01—

Derived from filed accounts. Not audited figures.