The Palk Limited
11014769
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/10/2024
micro entity
Next accounts due
30/09/2026
Confirmation statement
Last: 31/05/2026
Due 14/06/2027
Industry
Officers
director · Since 16/10/2017
DIRECTOR
BRITISH · UNITED KINGDOM · Age 55
Also on 3 other boards
Former
director · Resigned 31/05/2021
director · Resigned 31/05/2021
Persons with Significant Control
Marsh Investments (North) Ltd
Bridge House, Suite 5, Second Floor, Newton Abbot, TQ12 2QS
Notified 16/10/2019
Former PSCs
Mr Julian Donald George Marsh
Ceased 16/10/2019
Change History
Active
Private Limited Company
OFFICE SUITE 5 BRIDGE HOUSE
NEWTON ABBOT
TQ12 2QS
CompanyRankvs 15277+ SIC 56302 peers29
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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
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concer
Key FinancialsYear ending 31/12/2025
Net Worth
-£63k
Balance sheet strength
Cash
£23k
Cash in the bank
Net Current Assets
-£49k
Working capital
Current Assets
£29k
Current Liabilities
£78k
Fixed Assets
£5k
Debtors
£3k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.37 | -£97k | £281k |
| 2024 | 0.76 | +£16k | — |
| 2023 | 1.18 | — | — |
Derived from filed accounts. Not audited figures.