THE PALLET NETWORK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-12 (in 6mo)
Last made up 2025-10-29
Watchouts
None on the register
Cash
£8M
+32.3% vs 2023
Net assets
£33M
-1.7% vs 2023
Employees
204
-16.4% vs 2023
Profit before tax
-£362K
-106.1% 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 | £185,927,000 | £183,363,000 | |
| Operating profit | £8,209,000 | £2,079,000 | |
| Profit before tax | £5,953,000 | -£362,000 | |
| Net profit | £4,293,000 | -£567,000 | |
| Cash | £6,159,000 | £8,150,000 | |
| Total assets less current liabilities | £80,012,000 | £65,489,000 | |
| Net assets | £33,486,000 | £32,919,000 | |
| Equity | £33,486,000 | £32,919,000 | |
| Average employees | 244 | 204 | |
| Wages | £10,693,000 | £8,956,000 | |
| Directors' remuneration | £359,000 | £220,000 |
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%
£185,927,000 £183,363,000
-
Cash
+32.3%
£6,159,000 £8,150,000
-
Net assets
-1.7%
£33,486,000 £32,919,000
-
Employees
-16.4%
244 204
-
Operating profit
-74.7%
£8,209,000 £2,079,000
-
Profit before tax
-106.1%
£5,953,000 -£362,000
-
Wages
-16.2%
£10,693,000 £8,956,000
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 | 4.4% | 1.1% | |
| Net margin | 2.3% | -0.3% | |
| Return on capital employed | 10.3% | 3.2% | |
| Gearing (liabilities / total assets) | 64.9% | 61.1% | |
| Current ratio | 1.36x | 1.32x | |
| Interest cover | 3.64x | 0.69x |
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 101
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company's directors consider the going concern basis of preparation to be appropriate for these financial statements for the following reasons. The Company's directors have considered the trading forecasts until November 2026 ("the forecast period") of the Culina Group (Culina Group Limited and its subsidiary undertakings) of which the Company is a member. ... On this basis, the directors of the Company believe it is appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements.”
Significant events
- “The Company moved into a new state of the art facility on 2 January 2024. This facility allows the Company to better serve its existing partnership base in addition to handling increased volumes.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CONROY, Michael | Director | 2025-09-10 | Nov 1968 | British |
| HELD, Thierry Patrick | Director | 2025-06-12 | Jun 1970 | Swiss |
| KOEHLER, Fabian | Director | 2025-03-15 | May 1988 | German |
| MCELROY, Liam James | Director | 2025-03-13 | Jul 1964 | British |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOWERS, John Henry | Secretary | 2007-06-20 | 2010-10-01 |
| DAVIS, Joanne Lesley | Secretary | 2020-12-04 | 2024-05-31 |
| ELDRED, Richard | Secretary | 1999-10-29 | 2007-06-05 |
| ROBINSON, Paul | Secretary | 2010-10-01 | 2020-12-04 |
| SWIFT INCORPORATIONS LIMITED | Corporate Nominee Secretary | 1999-10-29 | 1999-10-29 |
| ASHTON, Peter David | Director | 2007-11-08 | 2010-03-19 |
| BELSHAW, Graham | Director | 2002-05-03 | 2006-05-24 |
| BOWERS, John Henry | Director | 2002-05-03 | 2013-07-17 |
| BURDETT, Roger Leonard | Director | 2010-05-06 | 2016-01-26 |
| CORRWAY, Brian | Director | 2020-08-13 | 2021-07-01 |
| COURT, John Paul | Director | 2020-03-16 | 2020-04-10 |
| COX, Mark David | Director | 2010-10-01 | 2011-09-16 |
| DESREUMAUX, Sebastien Robert | Director | 2019-09-20 | 2019-12-16 |
| DUGGAN, Mark | Director | 2014-11-21 | 2021-02-25 |
| ELDRED, Richard | Director | 1999-10-29 | 2007-06-05 |
| ENGLAND, Neil Martin | Director | 2016-02-01 | 2018-06-29 |
| GARNER, John | Director | 2007-11-08 | 2013-07-17 |
| GODFREY, David Haydn | Director | 2007-07-11 | 2007-11-08 |
| HARTE, Damien | Director | 2018-06-29 | 2019-03-31 |
| KENDALL, Mark Ivor | Director | 2013-07-17 | 2024-05-29 |
| LAFFEY, Alexander | Director | 2018-06-29 | 2019-08-22 |
| LEONARD, Adam | Director | 2002-05-03 | 2016-01-26 |
| MARCER, Victoria Helen | Director | 2016-06-01 | 2018-06-29 |
| MOURIK, Thomas Van | Director | 2021-07-01 | 2024-10-01 |
| NICHOLS, Rupert | Director | 2018-06-29 | 2020-03-16 |
| PRICE, Christian Lee | Director | 2021-07-01 | 2025-09-30 |
| ROBINSON, Paul | Director | 2013-07-17 | 2021-04-05 |
| SCANLAN, James Arthur | Director | 1999-10-29 | 2006-05-24 |
| SCHOFIELD, Robert | Director | 2013-07-17 | 2016-06-01 |
| SHAH, Piyush Mepa Kanji | Director | 2001-01-16 | 2002-05-03 |
| SMITH, Ian Stuart | Director | 2024-10-01 | 2025-03-13 |
| STOBART, William | Director | 2020-08-13 | 2024-10-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| The Pallet Network Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-12-12 | Active |
| Tpn Group Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Ceased 2017-12-12 |
Filing timeline
Last 20 of 185 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-12 | CH01 | officers | Change person director company with change date | |
| 2025-12-20 | AA | accounts | Accounts with accounts type full | |
| 2025-11-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-24 | AP01 | officers | Appoint person director company with name date | |
| 2025-06-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-26 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-20 | AA | accounts | Accounts with accounts type full | |
| 2022-11-03 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 2
- 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.