THE PALLET GROUP LTD.
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-21 (in 2mo)
Last made up 2025-07-07
Watchouts
Cash
£701K
-38.9% vs 2023
Net assets
£461K
+316.6% highest in 6 filed years
Employees
97
+7.8% vs 2023
Profit before tax
£711K
+693.7% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
7-year trend · vs Basic Materials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £3,834,117 | £11,770,556 | |
| Operating profit | — | — | — | — | — | -£102,788 | £870,909 | |
| Profit before tax | — | — | — | — | — | -£119,752 | £711,022 | |
| Net profit | — | — | — | — | — | -£212,955 | £674,152 | |
| Cash | £1 | £1 | £1 | £1 | £1 | £1,147,497 | £700,923 | |
| Total assets less current liabilities | — | — | — | — | — | £3,600,184 | £3,865,525 | |
| Net assets | £1 | £1 | £1 | £1 | — | -£212,954 | £461,198 | |
| Equity | £1 | £1 | £1 | £1 | £0 | -£212,954 | £461,198 | |
| Average employees | — | — | — | — | — | 90 | 97 | |
| Wages | — | — | — | — | — | £842,349 | £2,821,198 | |
| Directors' remuneration | — | — | — | — | — | — | — |
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
+207%
£3,834,117 £11,770,556
-
Cash
-38.9%
£1,147,497 £700,923
-
Net assets
+316.6%
-£212,954 £461,198
highest in 6 filed years
-
Employees
+7.8%
90 97
-
Operating profit
+947.3%
-£102,788 £870,909
-
Profit before tax
+693.7%
-£119,752 £711,022
-
Wages
+234.9%
£842,349 £2,821,198
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 | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-06-30 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -2.7% | 7.4% | |
| Net margin | — | — | — | — | — | -5.6% | 5.7% | |
| Return on capital employed | — | — | — | — | — | -2.9% | 22.5% | |
| Current ratio | — | — | — | — | — | 1.63x | 1.37x | |
| Interest cover | — | — | — | — | — | -3.64x | 4.92x |
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 1 time since incorporation
- THE PALLET GROUP LTD. 2022-04-29 → present
- THE PALLET COMPANY UK LIMITED 2006-06-27 → 2022-04-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- JW Hinks LLP
- Audit opinion
- Qualified
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's 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 and 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
- THE PALLET GROUP LTD. · parent
- The Pallet Company Limited 100%
- Palletland Limited 100%
Significant events
- “From 1 January 2025, the trading activities of the subsidiary company, Palletland Limited were transferred to the fellow subsidiary, The Pallet Company Limited.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HIJAZI, Saleh | Director | 2006-06-27 | Sep 1972 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HIJAZI, Rachel | Secretary | 2006-06-27 | 2019-07-08 |
| ONLINE CORPORATE SECRETARIES LIMITED | Corporate Secretary | 2006-06-27 | 2006-06-27 |
| ONLINE NOMINEES LIMITED | Corporate Director | 2006-06-27 | 2006-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Saleh Hijazi | Individual | Shares 75–100% | 2016-07-01 | Active |
Filing timeline
Last 20 of 55 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-04-29 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-07-16 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-06-12 | AA | accounts | Accounts with accounts type group | |
| 2024-09-16 | AA | accounts | Accounts with accounts type total exemption full | |
| 2024-07-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-18 | AA01 | accounts | Change account reference date company previous extended | |
| 2023-11-06 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-07-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-07 | AA | accounts | Accounts with accounts type dormant | |
| 2022-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-29 | CERTNM | change-of-name | Certificate change of name company | |
| 2021-07-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-07-26 | AA | accounts | Accounts with accounts type dormant | |
| 2020-07-07 | AA | accounts | Accounts with accounts type dormant | |
| 2020-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-07-08 | CS01 | confirmation-statement | Confirmation statement with no updates |
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.