PALM PAPER LIMITED
Operating as a subsidiary of the German group Papierfabrik Palm, the company manufactures newsprint and corrugated case papers at its plant in King's Lynn.
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Cash
£847K
+9.4% vs 2023
Net assets
£191M
-10.9% vs 2023
Employees
205
+7.3% vs 2023
Profit before tax
-£30M
-104.1% vs 2023
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £218,570,000 | £181,434,000 | -17% | |
| Operating profit | -£13,443,000 | -£28,312,000 | -110.6% | |
| Profit before tax | -£14,643,000 | -£29,890,000 | -104.1% | |
| Net profit | -£14,704,000 | -£23,385,000 | -59% | |
| Cash | £774,000 | £847,000 | +9.4% | |
| Total assets less current liabilities | £213,863,000 | £193,805,000 | -9.4% | |
| Net assets | £213,738,000 | £190,506,000 | -10.9% | |
| Equity | £213,738,000 | £190,506,000 | -10.9% | |
| Average employees | 191 | 205 | +7.3% | |
| Wages | £10,462,000 | £11,017,000 | +5.3% | |
| 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. 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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -6.2% | -15.6% | |
| Net margin | -6.7% | -12.9% | |
| Return on capital employed | -6.3% | -14.6% | |
| Current ratio | 0.61x | 0.72x | |
| Interest cover | -10.44x | -17.50x |
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.
Name history
Renamed 2 times since incorporation
- PALM PAPER LIMITED 2002-11-07 → present
- WEYERHAEUSER (UK) LIMITED 1999-12-30 → 2002-11-07
- MACMILLAN BLOEDEL PULP AND PAPER SALES LIMITED 1964-07-23 → 1999-12-30
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Director has considered the company's and group's ability to continue as a going concern for a period of at least twelve months from the date of approval of the financial statements and has reviewed liquidity requirements for this period, taking into account the company's order book and market conditions. There is an ongoing loan agreement with the group's parent company, further substantiated by a letter of financial support from the ultimate parent company, Palm Papier GmbH & Co KG, to allow the group to meet its liabilities as they fall due for a period of 12 months from the date of approval of these financial statements.”
Group structure
- PALM PAPER LIMITED · parent
- Palm Recycling Limited 100%
- John Hargreaves (Collyhurst and Stalybridge) Limited 100%
Significant events
- “In October 2024, Palm Paper acquired 100% of the shares of John Hargreaves (Collyhurst & Stalybridge) Ltd. The company is a producer of corrugated cardboard, corrugated single face rolls and fanfold located in Stalybridge, East of Manchester. With this acquisition, the packaging division of the Palm Group expanded its geographical footprint to serve customers also in the UK.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 18 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MORRIS, Simon | Secretary | 2023-06-22 | — | — |
| PALM, Marina | Director | 2023-06-22 | Nov 1994 | German |
Show 18 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GROVER, Christopher Martin | Secretary | — | 2004-02-26 |
| VILLATORO, Jose Antonio | Secretary | 2004-02-26 | 2023-06-22 |
| BOHM, Carl | Director | 2002-04-12 | 2002-11-01 |
| EGDVILA, Gabriel | Director | 2002-10-21 | 2002-11-01 |
| ERNST, Frederick Vincent | Director | 1993-07-07 | 1999-10-31 |
| FERGUSON, Glenn Miles | Director | — | 1998-03-20 |
| GROVER, Christopher Martin | Director | — | 2004-02-26 |
| GRUBER, Stephan | Director | 2010-12-22 | 2016-07-01 |
| HARMAN, Derek Raymond | Director | 1998-11-09 | 2017-10-01 |
| LAURITZEN, Eric | Director | — | 1994-06-16 |
| MYNETT, Geoffrey Ernest | Director | — | 1992-10-27 |
| NARCISSE, Sonia | Director | 2000-09-22 | 2002-10-25 |
| PAINE, John Richard | Director | — | 2000-09-30 |
| PALM, Wolfgang | Director | 2004-02-26 | 2023-06-22 |
| SHORTER, Walter Wyatt | Director | — | 1993-05-01 |
| SIMPSON, John | Director | 1998-09-14 | 2002-01-02 |
| SMALL, Allen Nicholas | Director | 1994-06-16 | 1998-03-20 |
| WELT, Thomas | Director | 2009-02-01 | 2010-12-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Hera Gmbh | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 190 total filings
Material constitutional events — rename, articles re-file, resolution
- 2022-12-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-15 | AA | accounts | Accounts with accounts type group | |
| 2024-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-26 | AA | accounts | Accounts with accounts type group | |
| 2023-10-26 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-25 | AA | accounts | Accounts with accounts type group | |
| 2023-06-23 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-06-23 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-06-22 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-22 | AP01 | officers | Appoint person director company with name date | |
| 2022-12-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2022-12-16 | SH20 | capital | Legacy | |
| 2022-12-16 | CAP-SS | insolvency | Legacy | |
| 2022-12-16 | RESOLUTIONS | resolution | Resolution | |
| 2022-11-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-03 | AA | accounts | Accounts with accounts type group | |
| 2021-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-27 | AA | accounts | Accounts with accounts type group |
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.