Palace Laundry Ltd
11139452
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/01/2026
full
Next accounts due
31/10/2027
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 72
Also on 4 other boards
director · Since 22/04/2020
HOTEL EXECUTIVE
AUSTRALIAN · ENGLAND · Age 65
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
secretary · Since 09/01/2018
Persons with Significant Control
Firmdale Holdings Ltd
18, Thurloe Place, London, SW7 2SP
Notified 09/01/2018
Charges0 outstanding
SANNE FIDUCIARY SERVICES LIMITED
LLOYDS BANK PLC
LLOYDS BANK PLC
LLOYDS BANK PLC
Change History
Active
Private Limited Company
18 THURLOE PLACE
LONDON
CompanyRankvs 2152+ SIC 96010 peers31
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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
indicators Total revenues for the year were £3.6m (2025: £3.7m) a decrease of 2.2% over prior year. Page 1 PALACE LAUNDRY LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2026 Going concern In assessing the company’s ability to continue as a going concern, the directors have considered the cash flow forecasts, liabilities, and funding arrangements of the wider Firmdale Holdings L
Key FinancialsYear ending 31/01/2026
Turnover
£3.6M
Annual revenue
Net Worth
-£6.2M
Balance sheet strength
Cash
£40k
Cash in the bank
Profit Before Tax
-£2.2M
Bottom line earnings
Net Current Assets
-£11.4M
Working capital
Current Assets
£431k
Current Liabilities
£11.8M
Fixed Assets
£5.3M
Debtors
£392k
Cost of Sales
£3.4M
Gross Profit
£235k
Admin Expenses
£1.5M
Operating Profit
-£2.2M
Profit After Tax
-£1.7M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2026 | 0.04 | -£1.7M |
| 2025 | 0.05 | -£503k |
| 2024 | 0.04 | -£432k |
| 2023 | 0.04 | — |
Derived from filed accounts. Not audited figures.