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Hugo Palmer Limited

09989488

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
55 / 100

Notable Risks

25/30
Filing
10/30
Financial
20/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)

Details

2 OLD BATH ROAD, NEWBURY, RG14 1QL
Incorporated 05/02/2016

Compliance

Last accounts

31/07/2024

total exemption full

Next accounts due

30/04/2026

Overdue

Confirmation statement

Last: 04/02/2025

Due 18/02/2026

Overdue

Industry

93199
Other amusement and recreation activities

Officers

Mr Hugo Palmer

director · Since 05/02/2016

RACEHORSE TRAINER

BRITISH · UNITED KINGDOM · Age 45

Persons with Significant Control

Mr Hugo Palmer

75–100% shares

British · England · Age 45

2, Old Bath Road, Newbury, RG14 1QL

Notified 31/10/2018

Former PSCs

Mr. Hugo Palmer

Ceased 31/10/2018

Charges0 outstanding

Charge
satisfied

WEST ONE LOAN LIMITED

Created 29/09/2022Registered 04/10/2022Satisfied 06/12/2024
Charge
satisfied

WEATHERBYS BANK LIMITED

Created 25/11/2021Registered 02/12/2021Satisfied 07/10/2024
Charge
satisfied

BARCLAYS BANK PLC

Created 08/08/2017Registered 10/08/2017Satisfied 06/12/2024

Insolvency History2 cases

receiver manager

Maryam Khaliq (receiver manager) · Charles Kornbluth (receiver manager)

compulsory liquidation25/03/2026

The Official Receiver Or Manchester (practitioner)

CompanyRankvs 6641+ SIC 93199 peers
51

Financial strength96th percentile among SIC peers · 24/25
Employees42th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees6/15 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.

Longevity10/15 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

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/07/2024

Net Worth

£445k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£50k

Working capital

Current Assets

£330k

Current Liabilities

£380k

Fixed Assets

£505k

Debtors

£330k

1avg. employees

Balance Sheet

Assets less current liabilities£455k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.87+£33k
20230.78-£136k
20221.09-£141k
20211.20+£4k
20201.15-£378k
20191.67

Derived from filed accounts. Not audited figures.