PALLETLINE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-01-21 (in 8mo)
Last made up 2026-01-07
Watchouts
None on the register
Cash
£3M
+50.7% vs 2023
Net assets
£17M
-5.3% vs 2023
Employees
584
-3.6% vs 2023
Profit before tax
-£780K
-144.6% vs 2023
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £197,434,000 | £200,266,000 | |
| Operating profit | £2,143,000 | £2,211,000 | |
| Profit before tax | £1,748,000 | -£780,000 | |
| Net profit | £1,379,000 | -£657,000 | |
| Cash | £2,138,000 | £3,222,000 | |
| Total assets less current liabilities | £24,535,000 | £23,515,000 | |
| Net assets | £18,383,000 | £17,406,000 | |
| Equity | £18,383,000 | £17,406,000 | |
| Average employees | 606 | 584 | |
| Wages | £22,026,000 | £21,452,000 | |
| Directors' remuneration | £899,000 | £903,000 |
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
+1.4%
£197,434,000 £200,266,000
-
Cash
+50.7%
£2,138,000 £3,222,000
-
Net assets
-5.3%
£18,383,000 £17,406,000
-
Employees
-3.6%
606 584
-
Operating profit
+3.2%
£2,143,000 £2,211,000
-
Profit before tax
-144.6%
£1,748,000 -£780,000
-
Wages
-2.6%
£22,026,000 £21,452,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 1.1% | 1.1% | |
| Net margin | 0.7% | -0.3% | |
| Return on capital employed | 8.7% | 9.4% | |
| Current ratio | 1.07x | 1.06x | |
| Interest cover | 5.27x | 6.18x |
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 3 times since incorporation
- PALLETLINE LIMITED 2018-01-08 → present
- PALLETLINE PLC 1991-03-11 → 2018-01-08
- GUYMERS EXPRESS PARCELS LIMITED 1988-08-19 → 1991-03-11
- STAREXPAND LIMITED 1988-07-15 → 1988-08-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- PALLETLINE LIMITED · parent
- Palletline Logistics Limited 100%
- Palletline London Limited 100%
- Α.Β.Ε. (Ledbury) Limited 100%
- S & S Distribution Limited 100%
- Mike Watson Transport Ltd 100%
- Fast Forward Distribution Ltd. 100%
- Palletline Whitehead Limited 100%
- Palletline Birmingham Limited 100%
- Ningbo London Limited 100%
- Palletline North East Limited 100%
- Palletline Wrexham Limited 100%
Significant events
- “During 2024 the group repatriated three logistics businesses to its members and integrated a small depot from a member into the main hub at Birmingham.”
- “On 3 March 2024, the company subscribed to a 100% shareholding in Palletline Birmingham Limited on incorporation.”
- “On 26 April 2024, the trade and assets of both Ningbo London Limited and Palletline North East Limited were disposed.”
- “On 20 September 2024, operations for Palletline Wrexham Limited (formerly Ningbo Wrexham Limited) ceased, and a significant portion of its existing trade and assets were reassigned to existing network members.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, Glenn | Director | 2016-05-01 | Mar 1966 | British |
| BANDHA, Baljinder Kumar | Director | 2024-07-01 | Oct 1962 | British |
| BLACK, Forsyth Rutherford | Director | 2023-07-01 | Jun 1969 | British |
| EDGE, Jonathan Tyler | Director | 2023-07-01 | Oct 1973 | British |
| ELLIS, Trevor Charles | Director | 1998-11-19 | Dec 1956 | British |
| GREENHALGH, Peter Gary | Director | 2009-12-01 | Dec 1971 | British |
| HACKLING, Kenneth John | Director | 1993-06-07 | Jul 1955 | British |
| HOLDEN, Peter John Richard | Director | 2015-12-15 | Aug 1981 | British |
| LEITCH, Graham | Director | 2015-02-25 | Jan 1960 | British |
| MASTERS, Peter John | Director | 2018-01-31 | Apr 1962 | British |
| SANDERSON, Edward Herrick | Director | 2023-07-01 | Feb 1988 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASTON, Stephen Richard, Mr. | Secretary | — | 1994-01-11 |
| HACKLING, Kenneth John | Secretary | 1993-06-07 | 1998-12-16 |
| MCCOLL, Mark John | Secretary | 2016-01-05 | 2021-03-31 |
| MOOR, Ruth Elizabeth | Secretary | 2006-12-13 | 2015-12-31 |
| RODER, Michelle Louise | Secretary | 2021-04-01 | 2023-12-08 |
| RUSHWORTH, Robert Westwell | Secretary | 1998-12-16 | 2006-12-13 |
| ASTON, Ronald Ernest | Director | — | 1993-10-13 |
| ASTON, Stephen Richard, Mr. | Director | — | 1993-10-13 |
| BOWKER, William Henry | Director | 2020-11-01 | 2023-07-01 |
| BOYLE, Andrew Patrick Keith | Director | 1998-11-19 | 2001-11-06 |
| BROWN, Iain Charles | Director | 2014-02-26 | 2015-02-27 |
| BUCHANAN, Kevin | Director | 2007-05-23 | 2014-07-18 |
| DEANE, Christopher Robert | Director | 2003-11-19 | 2005-11-29 |
| EDGE, Jonathan Tyler | Director | 2005-11-29 | 2020-11-24 |
| EDGE, Peter Anthony | Director | 1996-11-06 | 1999-02-28 |
| ELSON, Paul Edward | Director | 2019-05-01 | 2025-03-01 |
| GILL, Simon Howard | Director | 2007-11-27 | 2012-11-27 |
| GUTSELL, Richard Leslie | Director | 2017-05-01 | 2019-11-15 |
| HAYWARD, Stephen Vaughn | Director | 2000-10-02 | 2002-05-10 |
| JONES, Glyn | Director | 2003-10-06 | 2007-05-23 |
| MCCOLL, Mark John | Director | 2016-07-01 | 2021-03-31 |
| MCGHEE, James Clark | Director | 1994-01-19 | 2008-10-31 |
| MILLER, Ronald William | Director | 1994-04-11 | 1998-11-19 |
| MOOR, Ruth Elizabeth | Director | 2004-11-17 | 2015-12-31 |
| PULFORD, Mark William | Director | 2007-12-19 | 2013-02-28 |
| RANTLE, Martin | Director | 2013-12-09 | 2014-10-24 |
| REYNER, Jonathon Mark | Director | 1996-02-07 | 2003-11-19 |
| RODER, Michelle Louise | Director | 2021-04-01 | 2023-12-08 |
| RUSHWORTH, Neil Wayne | Director | 2013-11-26 | 2015-09-28 |
| RUSHWORTH, Robert Westwell | Director | 2007-12-19 | 2013-11-26 |
| RUSHWORTH, Robert Westwell | Director | 1994-02-02 | 2007-11-21 |
| RUSSETT, Robert Harold | Director | 1993-06-01 | 2005-01-11 |
| SANDERSON, David | Director | 1996-11-19 | 2005-01-11 |
| SHOESMITH, Christopher John | Director | 1993-11-01 | 1996-04-26 |
| SMITH, Nigel Robert | Director | 2003-05-18 | 2004-10-31 |
| STILLER, Paul William | Director | 1999-11-09 | 2003-11-19 |
| STURGESS, Colin William | Director | 2005-11-29 | 2007-03-28 |
| STURGESS, Colin Reginald | Director | 1993-06-01 | 1998-11-19 |
| TRIOLO, Andrew | Director | 1994-11-06 | 1995-10-25 |
| TRIOLO, Richard | Director | 1994-02-02 | 1994-12-20 |
| WADE, Lloyd Joseph | Director | 2000-10-16 | 2001-01-31 |
| WATKINS, Lyndon | Director | 2001-05-01 | 2003-12-31 |
| WATT, John Samuel | Director | 1993-06-01 | 1998-11-19 |
| WELCH, James Neville | Director | 2012-11-27 | 2023-07-01 |
| WELSH, Paul Francis | Director | 2015-01-28 | 2016-11-23 |
| WELSH, Paul | Director | 2007-05-23 | 2013-11-26 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 340 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-09-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-24 | AA | accounts | Accounts with accounts type group | |
| 2024-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-29 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-07 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2023-09-04 | AA | accounts | Accounts with accounts type group | |
| 2023-08-23 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2023-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-20 | AD03 | address | Move registers to sail company with new address | |
| 2023-01-20 | AD02 | address | Change sail address company with new address |
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.