PALMERS SCAFFOLDING UK LIMITED
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Cash
£4.6m
-7.2% vs 2024
Net assets
£9m
+5.3% highest in 5 filed years
Employees
252
+11% highest in 5 filed years
Profit before tax
£3.1m
-16.5% first positive since 2020
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £12,621,059 | £17,633,580 | £23,753,006 | £32,871,754 | £37,796,891 | +15% | |
| Operating profit | -£842,214 | £104,539 | £2,201,511 | £3,769,107 | £3,074,829 | -18.4% | |
| Profit before tax | -£854,033 | £12,854 | £2,019,543 | £3,720,280 | £3,106,429 | -16.5% | |
| Net profit | -£853,273 | £304,616 | £2,658,725 | £3,970,280 | £3,356,429 | -15.5% | |
| Cash | £1,041,088 | £2,076,902 | £2,573,387 | £4,967,363 | £4,611,488 | -7.2% | |
| Total assets less current liabilities | £3,180,827 | £3,855,266 | £5,529,224 | £9,050,441 | £9,085,421 | +0.4% | |
| Net assets | £850,619 | £1,155,235 | £4,793,834 | £8,564,114 | £9,020,543 | +5.3% | |
| Equity | £850,619 | £1,155,235 | £4,793,834 | £8,564,114 | £9,020,543 | +5.3% | |
| Average employees | 242 | 239 | 189 | 227 | 252 | +11% | |
| Wages | £9,897,328 | £11,169,073 | £13,695,884 | £17,120,978 | £19,041,103 | +11.2% | |
| Directors' remuneration | £449,375 | £486,091 | £426,791 | £498,985 | £630,719 | +26.4% | |
| Directors' pension contributions | — | — | £18,147 | £13,020 | £10,644 | -18.2% | |
| Highest paid director | — | — | £151,937 | £231,025 | £308,530 | +33.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | -6.7% | 0.6% | 9.3% | 11.5% | 8.1% | |
| Net margin | -6.8% | 1.7% | 11.2% | 12.1% | 8.9% | |
| Return on capital employed | -26.5% | 2.7% | 39.8% | 41.6% | 33.8% | |
| Gearing (liabilities / total assets) | 88.0% | 83.6% | 49.0% | 39.3% | 28.9% | |
| Current ratio | — | — | 2.27x | 2.53x | 3.06x | |
| Interest cover | -65.60x | 1.14x | 10.92x | 32.23x | 42.95x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 4 times since incorporation
- PALMERS SCAFFOLDING UK LIMITED 2017-01-04 → present
- XERVON PALMERS LIMITED 2012-01-03 → 2017-01-04
- THYSSENKRUPP PALMERS LIMITED 2007-10-01 → 2012-01-03
- PALMERS LTD 1996-05-01 → 2007-10-01
- PALMERS SCAFFOLDING LIMITED 1919-09-26 → 1996-05-01
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- JS. Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having considered the company's position and reasonable downside scenarios, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and to meet its liabilities as they fall due.”
Significant events
- “Following the year end, Mike Carr retired after making a significant contribution to the company... Adam Butt assumed the role of Chief Executive Officer and Paul Duggan returned to the business as Managing Director.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 29 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUTT, Adam Colin | Director | 2017-01-16 | Aug 1995 | British |
| BUTT, Colin Charles | Director | 2017-01-16 | Aug 1943 | British |
| DUGGAN, Paul Bernard | Director | 2026-01-31 | Dec 1965 | British |
Show 29 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HARRIES, Andrew David | Secretary | 2004-11-12 | 2008-06-01 |
| HOLMES, Richard Frank | Secretary | — | 1999-09-17 |
| JACKSON, John Paul | Secretary | 2002-02-28 | 2004-11-12 |
| MEIGHAN, Catherine | Secretary | 2014-03-28 | 2022-06-20 |
| SANGHERA, Kashmir | Secretary | 2008-07-08 | 2012-12-31 |
| TOLSON, Donald Michael | Secretary | 1999-09-17 | 2002-02-28 |
| WAGNER, Dirk Nicolas, Dr | Secretary | 2008-06-01 | 2008-07-08 |
| EARBSA PROFESSIONAL SERVICES LTD | Corporate Secretary | 2013-01-25 | 2014-03-28 |
| ACCARDI, Luigi Girolamo Primo | Director | 2003-12-18 | 2008-06-01 |
| BRAIN, Ian William | Director | — | 1999-09-17 |
| BRIGHT, Kevin Paul | Director | — | 1999-09-17 |
| CANT, Laurence | Director | — | 1994-06-29 |
| CARR, Michael Timothy | Director | 2021-01-06 | 2026-01-30 |
| CLARKSON, Keith Graham | Director | 1994-06-29 | 1999-09-17 |
| DUGGAN, Paul Bernard | Director | 2019-01-01 | 2023-11-29 |
| GARVEY, Michael Edwin | Director | — | 2004-06-30 |
| HARLE, Lindsay | Director | 2016-01-01 | 2021-03-19 |
| HARRIES, Andrew David | Director | 2003-12-18 | 2008-06-01 |
| HEUPEL, Rainer | Director | 1999-09-17 | 2002-02-22 |
| HILL, John Walter | Director | 1994-06-29 | 1999-09-17 |
| JACKSON, John Paul | Director | 2002-02-28 | 2004-11-12 |
| MAAS, Rolf Bernd | Director | 1999-09-17 | 2003-12-18 |
| MCFARLANE, Ian | Director | 1999-09-17 | 2016-01-01 |
| MORRISON, Donald | Director | 2011-04-01 | 2021-01-31 |
| ORGS, Han-Rudolf | Director | 1999-09-17 | 2003-12-18 |
| PACKWOOD, Christopher James | Director | 2004-06-30 | 2008-05-23 |
| TOLSON, Donald Michael | Director | 1999-09-17 | 2002-02-28 |
| VOGT, Alfons, Dr | Director | 1999-09-17 | 2003-12-18 |
| WAGNER, Dirk Nicolas, Dr | Director | 2008-06-01 | 2011-06-30 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Innovative Scaffold Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-01 | Active |
| Mr Michael Timothy Carr | Individual | Significant influence | 2021-01-06 | Ceased 2022-11-01 |
| Mr Paul Bernard Duggan | Individual | Significant influence | 2019-01-01 | Ceased 2022-11-01 |
| Mr Colin Charles Butt | Individual | Shares 75–100% | 2017-01-16 | Ceased 2022-11-01 |
| Mr Adam Colin Butt | Individual | Significant influence | 2017-01-16 | Ceased 2022-11-01 |
| Mr Lindsay Harle | Individual | Significant influence | 2016-04-06 | Ceased 2021-03-19 |
| Mr Donald Joseph Morrison | Individual | Significant influence | 2016-04-06 | Ceased 2021-01-31 |
Filing timeline
Last 20 of 233 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-27 RESOLUTIONS Resolution
- 2024-03-18 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-10-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-09-30 | AA | accounts | Accounts with accounts type full | |
| 2026-02-09 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-01 | AA | accounts | Accounts with accounts type full | |
| 2025-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-22 | AA | accounts | Accounts with accounts type full | |
| 2024-03-27 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2024-03-27 | SH20 | capital | Legacy | |
| 2024-03-27 | CAP-SS | insolvency | Legacy | |
| 2024-03-27 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-18 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-14 | SH01 | capital | Capital allotment shares | |
| 2024-01-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-24 | AA | accounts | Accounts with accounts type full | |
| 2022-11-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.