PALMER TIMBER LIMITED
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Cash
£559K
Latest balance sheet
Net assets
£6.4M
-2.5% lowest in 3 filed years
Employees
79
-8.1% lowest in 3 filed years
Profit before tax
-£493K
+21.7% vs 2024
Net assets
3-year trend · vs Basic Materials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-09-30
| Metric | Trend | 2023-09-30 | 2024-09-30 | 2025-09-30 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £36,327,691 | £35,379,187 | £33,709,101 | -4.7% | |
| Operating profit | £618,855 | -£344,021 | -£422,024 | -22.7% | |
| Profit before tax | £373,953 | -£629,112 | -£492,595 | +21.7% | |
| Net profit | £267,403 | -£600,293 | -£585,572 | +2.5% | |
| Cash | — | — | £559,241 | — | |
| Total assets less current liabilities | — | — | — | — | |
| Net assets | £7,564,638 | £6,593,012 | £6,430,440 | -2.5% | |
| Equity | £7,564,638 | £6,593,012 | £6,430,440 | -2.5% | |
| Average employees | 87 | 86 | 79 | -8.1% | |
| Wages | £3,227,344 | £3,586,468 | £3,489,831 | -2.7% | |
| Directors' remuneration | £291,627 | £412,011 | £373,615 | -9.3% |
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 | 2023-09-30 | 2024-09-30 | 2025-09-30 |
|---|---|---|---|---|
| Operating margin | 1.7% | -1.0% | -1.3% | |
| Net margin | 0.7% | -1.7% | -1.7% | |
| Gearing (liabilities / total assets) | 60.3% | 69.4% | — | |
| Current ratio | 1.13x | 1.06x | 1.02x | |
| Interest cover | 1.71x | -0.72x | -2.00x |
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 2 times since incorporation
- PALMER TIMBER LIMITED 1983-04-18 → present
- W.H. PALMER (TIMBER) HOLDINGS LIMITED 1977-12-31 → 1983-04-18
- W.H.PALMER(TIMBER)LIMITED 1941-02-11 → 1977-12-31
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors believe there are no material uncertainties that call into doubt the Company's ability to continue as a going concern and the accounts have therefore been prepared on the basis that the Company is a going concern. The Directors have reviewed the Company's finances and cash holdings are sufficient to ensure adequate cashflow for the foreseeable future.”
Significant events
- “The Company is aware of the 2023 ruling in the Virgin Media vs NTL Pension Trustee case and subsequent court of appeal ruling published in July 2024. These ruled that certain amendments made to the NTL Pension Plan were invalid because they were not accompanied by the correct actuarial confirmation. On 1 September 2025, the Government published a list of amendments to the Pension Schemes Bill, which included changes to address issues arising from the Virgin Media ruling.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BLAKEMORE, Craig Paul | Secretary | 2023-01-03 | — | — |
| BETTRIDGE, Paul James | Director | 2019-03-26 | Nov 1979 | British |
| BRIGHT, Philip Jonathan | Director | 2023-10-01 | Jun 1964 | British |
| COX, Ian James Ashton | Director | 2014-11-17 | Feb 1961 | British |
| KERR, Peter William | Director | 2001-09-17 | Jul 1961 | English |
| PALMER, Richard Hendley | Director | 2001-11-01 | Sep 1963 | British |
| RUSS, Stephen | Director | 2012-01-01 | Sep 1966 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RUSS, Stephen | Secretary | 1998-11-30 | 2023-01-03 |
| WHITEHOUSE, Keith John | Secretary | — | 1998-11-30 |
| BUBB, Clare Hillary | Director | 2012-01-01 | 2014-11-17 |
| BUBB, Clare Hillary | Director | 2008-12-15 | 2009-05-08 |
| CONWAY, Robert Andrew | Director | — | 2002-10-15 |
| EDMONDS, Kevin Frederick | Director | 2014-11-17 | 2021-06-30 |
| GRIFFITHS, Simon Wilson | Director | — | 2002-10-15 |
| HARDGREAVES, David Harry | Director | 2000-11-10 | 2001-09-19 |
| HILL, Peter Edward | Director | 2014-11-17 | 2020-03-31 |
| HORAN, Steven Russell | Director | — | 1999-10-13 |
| MYATT, Helen Ann | Director | 2012-01-01 | 2014-10-22 |
| MYATT, Helen Ann | Director | 2008-12-15 | 2009-05-08 |
| MYATT, Timothy John | Director | 2001-11-01 | 2009-01-30 |
| WHITEHOUSE, Keith John | Director | — | 2002-10-15 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Palmer Timber Holdings Ltd | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 182 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-25 | AA | accounts | Accounts with accounts type full | |
| 2026-03-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-25 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-11-17 | CH01 | officers | Change person director company with change date | |
| 2025-06-27 | AA | accounts | Accounts with accounts type full | |
| 2025-03-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-07 | AA | accounts | Accounts with accounts type full | |
| 2024-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-18 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-07 | AA | accounts | Accounts with accounts type full | |
| 2023-03-28 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-01-16 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-01-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2022-10-07 | AA | accounts | Accounts with accounts type full | |
| 2022-04-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-08 | AA | accounts | Accounts with accounts type full | |
| 2021-07-29 | TM01 | officers | Termination director company with name termination date | |
| 2021-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-03 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
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.