PALACE LAUNDRY LTD
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Next accounts due
2026-10-31 (in 5mo)
Last filed for 2025-01-31
Confirmation statement due
2027-01-22 (in 8mo)
Last made up 2026-01-08
Watchouts
None on the register
Cash
£66K
+12.4% vs 2024
Net assets
-£5M
-12.6% lowest in 4 filed years
Employees
83
+7.8% highest in 4 filed years
Profit before tax
-£457K
+45.8% vs 2024
Net assets
7-year trend · vs Consumer Discretionary median
Accounts
7-year trend · latest reflected 2025-01-31
| Metric | Trend | 2021-02-01 | 2022-01-31 | 2022-02-01 | 2023-01-31 | 2023-02-01 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | £1,205,691 | — | £2,897,776 | — | £3,296,458 | £3,705,035 | |
| Operating profit | — | £729,953 | — | -£1,208,318 | — | -£845,941 | -£458,922 | |
| Profit before tax | — | £729,953 | — | -£1,208,318 | — | -£843,412 | -£456,936 | |
| Net profit | — | £297,377 | — | -£1,260,215 | — | -£431,541 | -£503,475 | |
| Cash | — | £76,294 | — | £17,045 | — | £58,672 | £65,940 | |
| Total assets less current liabilities | — | -£1,200,718 | — | -£2,578,858 | — | -£3,422,270 | -£3,879,206 | |
| Net assets | — | -£2,135,802 | — | -£3,565,839 | — | -£3,997,380 | -£4,500,855 | |
| Equity | -£2,606,379 | -£2,135,802 | -£2,135,802 | -£3,565,839 | -£3,565,839 | -£3,997,380 | -£4,500,855 | |
| Average employees | — | 61 | — | 71 | — | 77 | 83 | |
| Wages | — | £1,062,549 | — | £1,522,303 | — | £1,681,208 | £1,890,717 | |
| 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
FY2024 → FY2025 · period ending 2025-01-31 vs 2024-01-31
-
Turnover
+12.4%
£3,296,458 £3,705,035
highest in 4 filed years
-
Cash
+12.4%
£58,672 £65,940
-
Net assets
-12.6%
-£3,997,380 -£4,500,855
lowest in 4 filed years
-
Employees
+7.8%
77 83
highest in 4 filed years
-
Operating profit
+45.8%
-£845,941 -£458,922
-
Profit before tax
+45.8%
-£843,412 -£456,936
-
Wages
+12.5%
£1,681,208 £1,890,717
highest in 4 filed years
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 | 2021-02-01 | 2022-01-31 | 2022-02-01 | 2023-01-31 | 2023-02-01 | 2024-01-31 | 2025-01-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | 60.5% | — | -41.7% | — | -25.7% | -12.4% | |
| Net margin | — | 24.7% | — | -43.5% | — | -13.1% | -13.6% | |
| Return on capital employed | — | -60.8% | — | 46.9% | — | 24.7% | 11.8% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 167.0% | 174.1% | |
| Current ratio | — | — | — | — | — | 0.04x | 0.05x |
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 (with reduced disclosure exemptions)
- Reporting scope
- Standalone (parent only)
- Auditor
- MHA Audit Services LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Despite generating a loss before tax in the year to 31 January 2025 of £456,396 (2024: loss of £843,412) and net current liabilities at the reporting date of £9,459,607 (2024: £8,979,697), the directors consider the company to remain a going concern. The net current liabilities position is driven by amounts due to fellow companies, who have confirmed this amount will not be recalled to the detriment of other creditors or the operations of the company. The operating profit before depreciation and property revaluations was £80,213 (2024: £35,428), highlighting improved operating performance and the directors consider this function vital in supporting the activities of the wider Firmdale Group. The directors therefore consider the going concern basis to remain appropriate.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| SODEN, Malcolm | Secretary | 2018-01-09 | — | — |
| CHELES, Rolando | Director | 2020-04-22 | Jul 1954 | Italian |
| KEMP, Timothy John Reginald | Director | 2018-01-09 | Feb 1946 | British |
| MARKHAM, Craig Andrew | Director | 2020-04-22 | Jul 1961 | Australian |
| RING, Con Christopher | Director | 2024-01-12 | Apr 1969 | Irish |
| SODEN, Malcolm Thomas | Director | 2024-01-12 | Mar 1960 | British |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Firmdale Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-01-09 | Active |
Filing timeline
Last 20 of 35 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-26 | AA | accounts | Accounts with accounts type full | |
| 2025-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-19 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-08-12 | AA | accounts | Accounts with accounts type full | |
| 2024-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-25 | AA | accounts | Accounts with accounts type full | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-08-02 | AA | accounts | Accounts with accounts type full | |
| 2022-01-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-11-02 | AA | accounts | Accounts with accounts type full | |
| 2021-02-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-02-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-02-06 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-02-03 | CH01 | officers | Change person director company with change date | |
| 2021-02-03 | CH03 | officers | Change person secretary company with change date | |
| 2021-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2020-09-29 | AA | accounts | Accounts with accounts type full |
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.