Palace Cycles Limited
05484507
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/06/2005
CYCLE SHOP PROPRIETOR
BRITISH · ENGLAND · Age 66
Also on 1 other board
Persons with Significant Control
Ms Lynn Bates
British · England · Age 67
120-124, Botchergate, Cumbria, CA1 1SH
Notified 06/04/2016
Mr Michael John Lee
British · England · Age 66
120-124, Botchergate, Cumbria, CA1 1SH
Notified 06/04/2016
CompanyRankvs 79+ SIC 47640 peers88
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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 30/11/2024
Net Worth
£559k
Balance sheet strength
Cash
£331k
Cash in the bank
Net Current Assets
£346k
Working capital
Current Assets
£449k
Current Liabilities
£103k
Fixed Assets
£222k
Debtors
£8k
Tax at Year End(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 4.37 | +£5k |
| 2023 | 4.12 | -£4k |
| 2022 | 5.56 | -£32k |
| 2021 | 8.13 | -£4k |
| 2020 | 3.82 | +£85k |
| 2019 | 3.25 | -£328 |
| 2018 | 2.80 | — |
Derived from filed accounts. Not audited figures.