PALLETLINE LIMITED
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Cash
£9.7m
+200.1% highest in 3 filed years
Net assets
£19m
+10.6% highest in 3 filed years
Employees
493
-15.6% lowest in 3 filed years
Profit before tax
£3.2m
+513.3% highest in 3 filed years
Net assets
3-year trend · vs Industrials median
PALLETLINE LIMITED·Industrials median
PALLETLINE LIMITED·Industrials median
PALLETLINE LIMITED·Industrials median
PALLETLINE LIMITED·Industrials median
PALLETLINE LIMITED·Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £197,434,000 | £200,266,000 | £202,285,000 | +1% | |
| Operating profit | £2,143,000 | £2,123,000 | £3,492,000 | +64.5% | |
| Profit before tax | £1,748,000 | -£780,000 | £3,224,000 | +513.3% | |
| Net profit | £1,379,000 | -£657,000 | £2,272,000 | +445.8% | |
| Cash | £2,138,000 | £3,222,000 | £9,669,000 | +200.1% | |
| Total assets less current liabilities | £24,535,000 | £23,515,000 | £23,962,000 | +1.9% | |
| Net assets | £18,383,000 | £17,406,000 | £19,246,000 | +10.6% | |
| Equity | £18,383,000 | £17,406,000 | £19,246,000 | +10.6% | |
| Average employees | 606 | 584 | 493 | -15.6% | |
| Wages | £22,026,000 | £21,452,000 | £20,175,000 | -6% | |
| Directors' remuneration | £899,000 | £1,175,000 | £1,224,000 | +4.2% |
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 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.1% | 1.1% | 1.7% | |
| Net margin | 0.7% | -0.3% | 1.1% | |
| Return on capital employed | 8.7% | 9.0% | 14.6% | |
| Current ratio | 1.07x | 1.06x | 1.11x | |
| Interest cover | 5.27x | 5.93x | 12.08x |
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 3 times since incorporation
- PALLETLINE LIMITED 2018-01-08 → present
- PALLETLINE PLC 1991-03-11 → 2018-01-08
- GUYMERS EXPRESS PARCELS LIMITED 1988-08-19 → 1991-03-11
- STAREXPAND LIMITED 1988-07-15 → 1988-08-19
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“After making enquiries, the directors have a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. On this basis the directors are confident that the group has adequate resources to continue in operation and, accordingly, have adopted the going concern basis in preparing the financial statements.”
Group structure
- PALLETLINE LIMITED · parent
- Palletline Logistics Limited 100%
- Palletline London Limited 100%
- A.B.E. (Ledbury) Limited 100%
- S & S Distribution Limited 100%
- Mike Watson Transport Ltd 100%
- Fast Forward Distribution Ltd. 100%
- Palletline Whitehead Limited 100%
- Palletline Birmingham Limited 100%
- Ningbo London Limited 100%
- Palletline North East Limited 100%
- Palletline Wrexham Limited 100%
Significant events
- “Forsyth Black will retire as Chairman on 30 June 2026 having completed his three-year term. We thank Forsyth for his help, support and guidance. Having led Palletline for over 11 years I will take over as Chairman with effect from 1st July 2026 at which time Carl Moore will take over as group CEO. Carl has over 20 years logistics experience and joins us from Wincanton where he was MD of e-fulfilment. From 1 January 2026 group COO, Glenn Baker will take on the additional responsibility to manage the logistics businesses. To support Glenn, we have recruited a sector experienced network director and two regional directors. Key elements of our 5 year strategy, these appointments re-enforce our commitment to succession planning, leadership continuity and future-proofing the business for sustained growth.”
- “In 2026 we plan to deliver updated training and guidance to the board to ensure they are fully up to date with legislation and their responsibilities. Our new group HR manager has updated policies, implemented a structured development plan for colleagues and is rolling out a succession plan in all areas of the business. We continue to fully involve our colleagues in delivering our vision through workplace coaching and training.”
- “The group published our carbon footprint report in 2025, verified by Auditel, demonstrating our commitment to reduce our greenhouse gas emissions. Since 2018 (our baseline) we have reduced our KWH's per pallet from 2.76 to 1.81 in 2025. In 2026 we plan to introduce EV charges and install solar panels which will further reduce our carbon footprint.”
- “We are proud to support the Multibank, a nationwide charity which is dedicated to eradicating child poverty in particular. The partnership demonstrates Palletline's commitment to our social responsibility by distributing donated surplus stock from a number of charity partners to those in need throughout the year.”
- “During the prior year, the trade and assets of both Ningbo London Limited and Palletline North East Limited were disposed. There was no consideration received in respect of this. Additionally, operations for Palletline Wrexham Limited (formerly Ningbo Wrexham Limited) ceased, and a significant portion of its trade and assets were reassigned to existing network members. A loss on disposal of £2,635,000 was recognised in the consolidated profit and loss account in respect of this.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
11 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAKER, Glenn | Director | 2016-05-01 | Mar 1966 | British |
| BANDHA, Baljinder Kumar | Director | 2024-07-01 | Oct 1962 | British |
| BLACK, Forsyth Rutherford | Director | 2023-07-01 | Jun 1969 | British |
| EDGE, Jonathan Tyler | Director | 2023-07-01 | Oct 1973 | British |
| ELLIS, Trevor Charles | Director | 1998-11-19 | Dec 1956 | British |
| GREENHALGH, Peter Gary | Director | 2009-12-01 | Dec 1971 | British |
| HACKLING, Kenneth John | Director | 1993-06-07 | Jul 1955 | British |
| HOLDEN, Peter John Richard | Director | 2015-12-15 | Aug 1981 | British |
| LEITCH, Graham | Director | 2015-02-25 | Jan 1960 | British |
| MASTERS, Peter John | Director | 2018-01-31 | Apr 1962 | British |
| SANDERSON, Edward Herrick | Director | 2023-07-01 | Feb 1988 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ASTON, Stephen Richard, Mr. | Secretary | — | 1994-01-11 |
| HACKLING, Kenneth John | Secretary | 1993-06-07 | 1998-12-16 |
| MCCOLL, Mark John | Secretary | 2016-01-05 | 2021-03-31 |
| MOOR, Ruth Elizabeth | Secretary | 2006-12-13 | 2015-12-31 |
| RODER, Michelle Louise | Secretary | 2021-04-01 | 2023-12-08 |
| RUSHWORTH, Robert Westwell | Secretary | 1998-12-16 | 2006-12-13 |
| ASTON, Ronald Ernest | Director | — | 1993-10-13 |
| ASTON, Stephen Richard, Mr. | Director | — | 1993-10-13 |
| BOWKER, William Henry | Director | 2020-11-01 | 2023-07-01 |
| BOYLE, Andrew Patrick Keith | Director | 1998-11-19 | 2001-11-06 |
| BROWN, Iain Charles | Director | 2014-02-26 | 2015-02-27 |
| BUCHANAN, Kevin | Director | 2007-05-23 | 2014-07-18 |
| DEANE, Christopher Robert | Director | 2003-11-19 | 2005-11-29 |
| EDGE, Jonathan Tyler | Director | 2005-11-29 | 2020-11-24 |
| EDGE, Peter Anthony | Director | 1996-11-06 | 1999-02-28 |
| ELSON, Paul Edward | Director | 2019-05-01 | 2025-03-01 |
| GILL, Simon Howard | Director | 2007-11-27 | 2012-11-27 |
| GUTSELL, Richard Leslie | Director | 2017-05-01 | 2019-11-15 |
| HAYWARD, Stephen Vaughn | Director | 2000-10-02 | 2002-05-10 |
| JONES, Glyn | Director | 2003-10-06 | 2007-05-23 |
| MCCOLL, Mark John | Director | 2016-07-01 | 2021-03-31 |
| MCGHEE, James Clark | Director | 1994-01-19 | 2008-10-31 |
| MILLER, Ronald William | Director | 1994-04-11 | 1998-11-19 |
| MOOR, Ruth Elizabeth | Director | 2004-11-17 | 2015-12-31 |
| PULFORD, Mark William | Director | 2007-12-19 | 2013-02-28 |
| RANTLE, Martin | Director | 2013-12-09 | 2014-10-24 |
| REYNER, Jonathon Mark | Director | 1996-02-07 | 2003-11-19 |
| RODER, Michelle Louise | Director | 2021-04-01 | 2023-12-08 |
| RUSHWORTH, Neil Wayne | Director | 2013-11-26 | 2015-09-28 |
| RUSHWORTH, Robert Westwell | Director | 2007-12-19 | 2013-11-26 |
| RUSHWORTH, Robert Westwell | Director | 1994-02-02 | 2007-11-21 |
| RUSSETT, Robert Harold | Director | 1993-06-01 | 2005-01-11 |
| SANDERSON, David | Director | 1996-11-19 | 2005-01-11 |
| SHOESMITH, Christopher John | Director | 1993-11-01 | 1996-04-26 |
| SMITH, Nigel Robert | Director | 2003-05-18 | 2004-10-31 |
| STILLER, Paul William | Director | 1999-11-09 | 2003-11-19 |
| STURGESS, Colin William | Director | 2005-11-29 | 2007-03-28 |
| STURGESS, Colin Reginald | Director | 1993-06-01 | 1998-11-19 |
| TRIOLO, Andrew | Director | 1994-11-06 | 1995-10-25 |
| TRIOLO, Richard | Director | 1994-02-02 | 1994-12-20 |
| WADE, Lloyd Joseph | Director | 2000-10-16 | 2001-01-31 |
| WATKINS, Lyndon | Director | 2001-05-01 | 2003-12-31 |
| WATT, John Samuel | Director | 1993-06-01 | 1998-11-19 |
| WELCH, James Neville | Director | 2012-11-27 | 2023-07-01 |
| WELSH, Paul Francis | Director | 2015-01-28 | 2016-11-23 |
| WELSH, Paul | Director | 2007-05-23 | 2013-11-26 |
Ownership
Persons with significant control
No persons with significant control on record.
Filing timeline
Last 20 of 343 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-09-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-13 | AP01 | officers | Appoint person director company with name date | |
| 2026-07-13 | TM01 | officers | Termination director company with name termination date | |
| 2026-07-10 | AA | accounts | Accounts with accounts type group | |
| 2026-02-05 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type group | |
| 2025-03-05 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-24 | AA | accounts | Accounts with accounts type group | |
| 2024-01-24 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-10 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-01-08 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-09-29 | RESOLUTIONS | resolution | Resolution | |
| 2023-09-07 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2023-09-04 | AA | accounts | Accounts with accounts type group | |
| 2023-08-23 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2023-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-03 | TM01 | officers | Termination director company with name termination date |
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.