PALLETFORCE LIMITED

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

• Turnover

  +10%

  £149,907,000 → £164,932,000

• Cash

  -31.1%

  £6,138,000 → £4,230,000

• Net assets

  +31.8%

  £23,818,000 → £31,395,000

• Employees

  +9.4%

  180 → 197

• Operating profit

  +74.3%

  £5,252,000 → £9,156,000

• Profit before tax

  +98.3%

  £5,309,000 → £10,527,000

• Wages

  +16.7%

  £6,891,000 → £8,045,000

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

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.

1. PALLETFORCE LIMITED 2015-10-13 → present
2. PALLETFORCE PLC 2000-12-21 → 2015-10-13
3. SEVCO 1208 PLC 2000-10-11 → 2000-12-21

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Cooper Parry Group Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In considering the going concern assessment, the Board has undertaken a rigorous assessment of going concern assumptions using the base case financial forecasts and a severe but plausible downside scenario covering the 12 months from the date of signing these financial statements. The base case projections prepared for the going concern assessment are derived from the actual and budgeted volume activity for the 2024 and 2025 calendar years, extended to encompass a period of assessment for 12 months from the date of signing these financial statements. Downside scenario sensitivity tests incorporated into the Group's modelling include a drop in average selling prices and volumes, resulting in lower revenues, operating profit margins and free cashflow due to reduced customer activity and a macro-economic recession. The Board incorporated assessment of Group debt arrangements, banking covenants and projected headroom into its scenario analysis. Management and the Board are confident that the business will continue to generate sufficient cash flows from their operations to meet future obligations as they fall due, as well as the Group's ability to secure equivalent financing from its lenders or via the continued support of the shareholders. Based on these assessments and the performance of the Group through to the date of signing these financial statements, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. PALLETFORCE LIMITED · parent
   1. Ovimore Limited 100%
   2. Palletforce Logistics Sussex Limited 100%
   3. Palletforce Logistics Kent and Berkshire Limited 100%

Significant events

• “The road freight market in the UK saw a fragile recovery compared to the low points of 2023 as consumer confidence grew and economic conditions improved particularly in the second half of the year.”
• “In recognition of its strong commitment to safety, in 2024 Palletforce received its 16th Gold RoSPA award in recognition of the excellent health and safety culture embedded throughout the business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.