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Palmetto Properties Ltd

13184614

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

BRADBURY HOUSE, NEWPORT, NP20 2DW
Incorporated 08/02/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Cory Allen

director · Since 08/02/2021

COMPANY DIRECTOR

WELSH · UNITED KINGDOM · Age 33

Also on 3 other boards

Mr Ellis Jenkins

director · Since 08/02/2021

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 33

Persons with Significant Control

Mr Cory Allen

25–50% shares
25–50% votes

British · United Kingdom · Age 33

Bradbury House, Mission Court, Newport, NP20 2DW

Notified 08/02/2021

Mr Ellis Jenkins

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 33

Bradbury House, Mission Court, Newport, NP20 2DW

Notified 08/02/2021

Charges2 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 21/12/2023Registered 22/12/2023
Charge
outstanding

PARATUS AMC LIMITED

Created 30/09/2021Registered 20/10/2021

CompanyRankvs 60057+ SIC 68100 peers
44

Financial strength65th percentile among SIC peers · 16/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.54× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength16/25 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.

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.

Longevity5/15 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

£9k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£95k

Working capital

Current Assets

£114k

Current Liabilities

£208k

Fixed Assets

£429k

Debtors

£108k

2avg. employees

Balance Sheet

Assets less current liabilities£334k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.54+£743
20240.54
20230.13
20220.07

Derived from filed accounts. Not audited figures.