Palace Laundry Ltd
11139452
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/01/2025
full
Next accounts due
31/10/2026
Confirmation statement
Last: 08/01/2026
Due 22/01/2027
Industry
Officers
secretary · Since 09/01/2018
director · Since 09/01/2018
MANAGING DIRECTOR
BRITISH · UNITED KINGDOM · Age 80
Also on 21 other boards
director · Since 22/04/2020
CONSTRUCTION DIRECTOR
ITALIAN · UNITED KINGDOM · Age 71
Also on 4 other boards
director · Since 22/04/2020
HOTEL EXECUTIVE
AUSTRALIAN · ENGLAND · Age 64
Also on 7 other boards
director · Since 12/01/2024
COMPANY DIRECTOR
IRISH · UNITED KINGDOM · Age 57
Also on 22 other boards
director · Since 12/01/2024
COMPANY SECRETARY
BRITISH · UNITED KINGDOM · Age 66
Also on 27 other boards
Persons with Significant Control
Firmdale Holdings Ltd
18, Thurloe Place, London, SW7 2SP
Notified 09/01/2018
Charges0 outstanding
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CompanyRankvs 2190+ SIC 96010 peers30
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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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/01/2025
Turnover
£3.7M
Annual revenue
Net Worth
-£4.5M
Balance sheet strength
Cash
£66k
Cash in the bank
Profit Before Tax
-£457k
Bottom line earnings
Net Current Assets
-£9.5M
Working capital
Current Assets
£496k
Current Liabilities
£10.0M
Fixed Assets
£5.6M
Debtors
£430k
Cost of Sales
£2.8M
Gross Profit
£930k
Admin Expenses
£1.3M
Operating Profit
-£459k
Profit After Tax
-£503k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.05 | -£503k |
| 2024 | 0.04 | -£432k |
| 2023 | 0.04 | — |
Derived from filed accounts. Not audited figures.