PENLAW & COMPANY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-08-02 (in 3mo)
Last made up 2025-07-19
Watchouts
Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
0
-100% lowest in 4 filed years
Profit before tax
£615K
+124.8% first positive since 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
We draw attention to Note 1 in the financial statements in respect of going concern which states that as at the 31 December 2023 the trading assets and liabilities of the Company were hived up to its parent company. From that date the company is effectively dormant and no longer a going concern.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-12-31
| Metric | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £33,904,869 | £47,248,360 | £36,909,000 | — | |
| Operating profit | — | — | £978,032 | £295,641 | -£2,482,000 | -£123,000 | |
| Profit before tax | — | — | £1,602,178 | £254,648 | -£2,477,000 | £615,000 | |
| Net profit | — | — | £1,237,678 | £194,435 | -£2,402,000 | £615,000 | |
| Cash | — | — | £2,632,215 | £1,084,447 | — | — | |
| Total assets less current liabilities | — | — | £6,414,243 | £5,547,675 | £3,014,000 | — | |
| Net assets | — | — | £5,533,931 | £5,428,366 | £3,014,000 | — | |
| Equity | £2,654,421 | £4,012,105 | £5,533,931 | £5,428,366 | £3,014,000 | — | |
| Average employees | — | — | 91 | 93 | 92 | 0 | |
| Wages | — | — | £3,266,795 | £4,635,777 | £3,570,000 | — | |
| Directors' remuneration | — | — | £492,912 | £440,869 | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
—
Not reported
-
Employees
-100%
92 0
lowest in 4 filed years
-
Operating profit
+95%
-£2,482,000 -£123,000
-
Profit before tax
+124.8%
-£2,477,000 £615,000
first positive since 2023
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-10-31 | 2019-10-31 | 2020-10-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | 2.9% | 0.6% | -6.7% | — | |
| Net margin | — | — | 3.7% | 0.4% | -6.5% | — | |
| Return on capital employed | — | — | 15.2% | 5.3% | -82.3% | — | |
| Interest cover | — | — | 8.32x | 7.21x | — | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- DJH Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“We draw attention to Note 1 in the financial statements in respect of going concern which states that as at the 31 December 2023 the trading assets and liabilities of the Company were hived up to its parent company. From that date the company is effectively dormant and no longer a going concern.”
Group structure
- PENLAW & COMPANY LIMITED · parent
- Penlaw Northwest Limited 0.49%
- Penlaw Fixings Limited 0.45%
- Penlaw Norfolk Limited 0.34%
Significant events
- “On 31 December 2023 the trade and assets of the company were hived up into the parent company, the company therefore ceased trading at that date.”
- “in the prior year, the trade, assets and liabilities of the company were hived up to SIG Trading Limited at the carrying value of the net assets. Currently, the parent company is clearing down the reserves and any remaining share capital. The company continues to be dormant, as there is no trade.”
- “The trade and assets of each of the subsidiaries was hived up to SIG Trading Limited at 31 December 2023, prior to the hive up the principal activity of the companies was the supply of products to the construction industry.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 12 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JACKSON, Ian | Director | 2024-09-01 | May 1979 | British |
Show 12 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GRAY, Eric Anthony | Secretary | 2003-02-18 | 2018-05-24 |
| TREVALLION, Paul Kenneth | Secretary | — | 2003-02-18 |
| AHMED, Mohammed | Director | 2017-05-25 | 2021-10-26 |
| BURNLEY, Richard Hewitt | Director | 2023-08-25 | 2024-09-01 |
| GLACKIN, Paul | Director | 2016-05-16 | 2021-10-26 |
| GRAY, Eric Anthony | Director | — | 2018-05-24 |
| GRAY, Richard James | Director | — | 2021-10-26 |
| JOHNS, Philip William Arthur | Director | 2021-10-26 | 2023-08-25 |
| LODGE, Christopher David | Director | 2021-10-26 | 2023-08-25 |
| SCOTT, Paul | Director | 2001-02-27 | 2005-01-06 |
| SHERWIN, Brett David | Director | 2017-05-25 | 2021-10-26 |
| TREVALLION, Paul Kenneth | Director | — | 2003-02-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Sig Trading Limited | Corporate entity | Shares 75–100% | 2021-10-26 | Active |
| Richard James Gray | Individual | Shares 75–100% | 2016-04-06 | Ceased 2021-10-26 |
| Eric Anthony Gray | Individual | Shares 25–50% | 2016-04-06 | Ceased 2018-05-24 |
Filing timeline
Last 20 of 154 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-09 MA Memorandum articles
- 2023-10-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-07-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full | |
| 2024-09-09 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-09 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-17 | AA | accounts | Accounts with accounts type full | |
| 2023-10-09 | MA | incorporation | Memorandum articles | |
| 2023-10-02 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-20 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-20 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-08-03 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-07-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-09-30 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.