PALACE GATE PRACTICE LIMITED
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Cash
£48k
-93.4% lowest in 5 filed years
Net assets
-£112k
-307.4% lowest in 5 filed years
Employees
6
+20% vs 2024
Profit before tax
-£206k
-303.9% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
5-year trend · vs Health Care median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-03-31 | 2022-03-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | £1,273,000 | £1,197,000 | £1,077,000 | -10% | |
| Operating profit | — | — | £99,000 | -£49,000 | -£208,000 | -324.5% | |
| Profit before tax | — | — | £100,000 | -£51,000 | -£206,000 | -303.9% | |
| Net profit | — | — | £74,000 | -£38,000 | — | — | |
| Cash | £342,077 | £334,066 | £305,000 | £727,000 | £48,000 | -93.4% | |
| Total assets less current liabilities | £290,174 | £324,665 | £92,000 | £54,000 | -£112,000 | -307.4% | |
| Net assets | £289,374 | £324,665 | £92,000 | £54,000 | -£112,000 | -307.4% | |
| Equity | £289,374 | £324,665 | £92,000 | £54,000 | -£112,000 | -307.4% | |
| Average employees | 6 | 5 | 5 | 5 | 6 | +20% | |
| Wages | — | — | £598,000 | £531,000 | £555,000 | +4.5% | |
| Directors' remuneration | — | — | — | £187,000 | — | — | |
| Directors' pension contributions | — | — | £117,000 | £154,000 | £70,000 | -54.5% | |
| Highest paid director | — | — | £319,000 | £678,000 | £376,000 | -44.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-03-31 | 2022-03-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | 7.8% | -4.1% | -19.3% | |
| Net margin | — | — | 5.8% | -3.2% | — | |
| Return on capital employed | — | — | 107.6% | -90.7% | — | |
| Gearing (liabilities / total assets) | 34.3% | 31.3% | 79.5% | 93.6% | 130.7% | |
| Current ratio | — | — | 1.26x | 1.07x | 0.77x | |
| Interest cover | — | — | — | -24.50x | — |
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
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“These financial statements have been prepared on a going concern basis and no material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KING, Stuart James John | Director | 2022-06-24 | Aug 1968 | British |
| NEETHLING, Eric | Director | 2024-04-29 | Dec 1981 | British |
| PERCY, Charles | Director | 2022-07-08 | Jun 1971 | British |
| SANFORD, Paul | Director | 2024-04-29 | Sep 1977 | British |
| WISEMAN, Paul Jeremy Talbot, Dr | Director | 2012-12-18 | Jan 1958 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CANHAM, Suzanne | Director | 2022-06-24 | 2024-04-29 |
| MACGREEVY, Brian | Director | 2012-12-18 | 2024-06-24 |
| MAXWELL, Stephen Alexander | Director | 2023-01-18 | 2024-04-29 |
| PRICE, Thomas Stephen | Director | 2022-06-24 | 2023-01-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hca International Limited | Corporate entity | Shares 50–75%, Voting 50–75%, Appoints directors | 2022-06-24 | Active |
| Dr Brian Irial Patrick Macgreevy | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-06-24 |
| Dr Paul Jeremy Talbot Wiseman | Individual | Shares 50–75%, Voting 50–75%, Appoints directors | 2016-04-06 | Ceased 2022-06-24 |
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-07-11 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2025-12-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-09 | AA | accounts | Accounts with accounts type full | |
| 2024-12-23 | SH08 | capital | Capital name of class of shares | |
| 2024-12-23 | AA | accounts | Accounts with accounts type full | |
| 2024-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-25 | SH08 | capital | Capital name of class of shares | |
| 2024-07-03 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-03 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2024-05-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-02 | TM01 | officers | Termination director company with name termination date | |
| 2023-12-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-04-05 | AP01 | officers | Appoint person director company with name date | |
| 2023-04-05 | TM01 | officers | Termination director company with name termination date | |
| 2023-01-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-07-20 | SH08 | capital | Capital name of class of shares | |
| 2022-07-18 | SH10 | capital | Capital variation of rights attached to shares | |
| 2022-07-11 | MA | incorporation | Memorandum articles |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 2
- 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.