Palak Services Ltd
07600545
Some Concerns
- Current liabilities exceed current assets (-10)
- Active insolvency proceedings (-20)
Details
Compliance
Last accounts
30/06/2026
total exemption full
Next accounts due
31/03/2028
Confirmation statement
Last: 26/03/2026
Due 09/04/2027
Industry
Officers
director · Since 12/04/2011
DIRECTOR
BRITISH · ENGLAND · Age 69
Also on 4 other boards
Persons with Significant Control
Mr Mahesh Narendrakumar Patel
British · England · Age 69
Belgrave Place, 8 Manchester Road, Bury, BL9 0ED
Notified 06/04/2016
Insolvency History1 case
Hemal Mistry (practitioner) · Manubhai Govindbhai Mistry (practitioner)
Change History
Active
Private Limited Company
80 WOODRUSH WAY
ROMFORD
CompanyRankvs 5113+ SIC 69202 peers56
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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
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2026
Net Worth
£100
Balance sheet strength
Cash
£130k
Cash in the bank
Net Current Assets
£120k
Working capital
Current Assets
£130k
Current Liabilities
£9k
Profit After Tax
£39k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2026 | 13.79 |
| 2025 | 9.88 |
| 2024 | 13.18 |
Derived from filed accounts. Not audited figures.