PALLET PLUS LTD
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Cash
£20K
-78.2% lowest in 6 filed years
Net assets
£2M
+31.4% vs 2024
Employees
85
+2.4% vs 2024
Profit before tax
£589K
-37.2% lowest in 4 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
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Insolvency history on file
Companies House holds prior insolvency events for this company. Detail and outcome on the official register.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-11-30
| Metric | Trend | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-11-30 | 2024-11-30 | 2025-11-30 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £11,443,745 | £12,082,741 | +5.6% | |
| Operating profit | — | — | — | — | £1,010,578 | £865,499 | -14.4% | |
| Profit before tax | — | — | £1,090,380 | £1,357,196 | £938,194 | £588,894 | -37.2% | |
| Net profit | — | — | £917,473 | £1,009,416 | £702,306 | £401,326 | -42.9% | |
| Cash | £363,178 | £129,054 | £349,945 | £28,796 | £90,140 | £19,615 | -78.2% | |
| Total assets less current liabilities | £1,180,551 | £1,714,112 | £2,725,521 | £3,872,295 | £2,330,912 | £2,405,744 | +3.2% | |
| Net assets | £695,793 | £1,075,696 | £1,817,169 | £2,826,585 | £1,280,022 | £1,681,348 | +31.4% | |
| Equity | £695,793 | £1,075,696 | £1,817,169 | £2,826,585 | £1,280,022 | £1,681,348 | +31.4% | |
| Average employees | 52 | 92 | 90 | 79 | 83 | 85 | +2.4% | |
| Wages | — | — | £2,627,821 | £3,069,582 | £3,004,724 | £3,142,933 | +4.6% | |
| Directors' remuneration | — | — | £25,000 | £25,000 | — | — | — |
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 | 2020-08-31 | 2021-08-31 | 2022-08-31 | 2023-11-30 | 2024-11-30 | 2025-11-30 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 8.8% | 7.2% | |
| Net margin | — | — | — | — | 6.1% | 3.3% | |
| Return on capital employed | — | — | — | — | 43.4% | 36.0% | |
| Current ratio | — | — | — | — | 1.06x | 1.20x | |
| Interest cover | — | — | — | — | 13.96x | 8.83x |
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
- PALLET PLUS LTD 2011-12-08 → present
- GREEN PLANET TRANSPORT LIMITED 2005-08-05 → 2011-12-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Azets Audit Services
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”
Group structure
- PALLET PLUS LTD · parent
- Crossways Commercials Limited 100%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KILNER, Matthew Jack | Director | 2023-08-15 | May 1991 | British |
| TAYLOR, Andrew David | Director | 2023-08-15 | Aug 1982 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ROWE, Gary | Secretary | 2005-08-05 | 2023-08-15 |
| ROWE, Arlene | Director | 2021-03-17 | 2023-08-15 |
| ROWE, Gary | Director | 2005-08-05 | 2023-08-15 |
| SHEAN, Gary Vincent | Director | 2005-08-05 | 2011-01-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Expect Distribution Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-08-15 | Active |
| Mr Gary Rowe | Individual | Shares 75–100%, Significant influence | 2016-06-30 | Ceased 2023-08-15 |
Filing timeline
Last 20 of 79 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-08-23 MA Memorandum articles
- 2023-08-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | AA | accounts | Accounts with accounts type full | |
| 2025-08-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-30 | AA | accounts | Accounts with accounts type full | |
| 2024-08-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-12 | AA | accounts | Accounts with accounts type full | |
| 2023-08-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-08-23 | MA | incorporation | Memorandum articles | |
| 2023-08-23 | RESOLUTIONS | resolution | Resolution | |
| 2023-08-23 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-08-22 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-08-17 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-17 | AA01 | accounts | Change account reference date company current extended | |
| 2023-08-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-08-17 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-17 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-08-17 | TM01 | officers | Termination director company with name termination date | |
| 2023-08-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-17 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-14 | CS01 | confirmation-statement | Confirmation statement with updates |
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.