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The Old Palace (Lincoln) Limited

07866998

active
Private Limited Company
england wales
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

THE OLD PALACE, LINCOLN, LN2 1LY
Incorporated 01/12/2011

Compliance

Last accounts

30/06/2024

total exemption full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 13/05/2026

Due 27/05/2027

On track

Industry

55100
Hotels and similar accommodation

Officers

Mr Simon William Dean Grace

director · Since 01/05/2018

DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 9 other boards

Mr Dominik Thomas Jackson

director · Since 01/05/2018

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 7 other boards

Persons with Significant Control

Jackson & Jackson Developments Ltd

75–100% shares

The Old Palace, Christ's Hospital Terrace, Lincoln, LN2 1LY

Reg: 08838718 · Companies House · Limited Company

Notified 01/05/2018

Former PSCs

Lincoln Diocesan Trust And Board Of Finance Ltd

Ceased 01/05/2018

Charges3 outstanding

Charge
outstanding

TESSA FRIEDLEIN

Created 18/09/2024Registered 18/09/2024
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 14/11/2022Registered 21/11/2022
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 24/10/2022Registered 31/10/2022

CompanyRankvs 442+ SIC 55100 peers
72

Financial strength85th percentile among SIC peers · 21/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.36× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Employees11/15 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 30/06/2024

Net Worth

£556k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

£174k

Working capital

Current Assets

£302k

Current Liabilities

£128k

Fixed Assets

£1.5M

Debtors

£290k

6avg. employees-1

Balance Sheet

Bank loans & overdrafts£963k
Assets less current liabilities£1.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.36-£73k
20233.43+£838k
20220.16+£105k
20210.08+£5k
20200.05-£29k
20190.05-£61k
20180.09

Derived from filed accounts. Not audited figures.