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Pal Rental Ltd

10017847

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

OFFICE 8 THE BARNS FARM ROAD, BIDEFORD, EX39 3BT
Incorporated 22/02/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77320
Renting and leasing of construction and civil engineering machinery and equipment

Officers

Mr James Oliver Langmead

director · Since 22/02/2016

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 37

Mr Timothy George Langmead

director · Since 22/02/2016

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 1 other board

Persons with Significant Control

Mr James Oliver Langmead

50–75% shares
50–75% votes
Appoint directors

British · England · Age 37

Office 8 The Barns, Farm Road, Bideford, EX39 3BT

Notified 30/06/2016

Mr Timothy George Langmead

25–50% shares
25–50% votes

British · England · Age 64

Office 8 The Barns, Farm Road, Bideford, EX39 3BT

Notified 30/06/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/05/2017Registered 05/05/2017

CompanyRankvs 2507+ SIC 77320 peers
30

Financial strength5th percentile among SIC peers · 1/25
Employees78th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.25× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees12/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 28/02/2025

Net Worth

-£33k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£443k

Working capital

Current Assets

£144k

Current Liabilities

£587k

Fixed Assets

£580k

4avg. employees

Balance Sheet

Assets less current liabilities£137k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20250.25+£137k
20240.05-£179k
20230.34-£143k
20220.85+£25k
20210.64+£53k
2020—-£2k

Derived from filed accounts. Not audited figures.