PALLETFORCE LIMITED
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Cash
£5.9m
+39.1% vs 2024
Net assets
£41m
+31.5% highest in 3 filed years
Employees
208
+5.6% highest in 3 filed years
Profit before tax
£10m
-1.3% vs 2024
Watch the reel
Our short-form breakdown of PALLETFORCE LIMITED's latest filing
Palletforce delivers steady growth with £173m revenue, as lower taxes boost the bottom line. 📦🚛
Net assets
3-year trend · vs 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 | £149,907,000 | £164,932,000 | £173,040,000 | +4.9% | |
| Operating profit | £5,252,000 | £9,156,000 | £10,052,000 | +9.8% | |
| Profit before tax | £5,309,000 | £10,527,000 | £10,388,000 | -1.3% | |
| Net profit | £4,156,000 | £7,577,000 | £9,877,000 | +30.4% | |
| Cash | £6,138,000 | £4,230,000 | £5,885,000 | +39.1% | |
| Total assets less current liabilities | £24,258,000 | £31,853,000 | £41,712,000 | +31% | |
| Net assets | £23,818,000 | £31,395,000 | £41,272,000 | +31.5% | |
| Equity | £23,818,000 | £31,395,000 | £41,272,000 | +31.5% | |
| Average employees | 180 | 197 | 208 | +5.6% | |
| Wages | £6,891,000 | £8,045,000 | £8,814,000 | +9.6% | |
| Directors' remuneration | £1,056,000 | £1,030,000 | £892,000 | -13.4% |
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 | 3.5% | 5.6% | 5.8% | |
| Net margin | 2.8% | 4.6% | 5.7% | |
| Return on capital employed | 21.7% | 28.7% | 24.1% | |
| Current ratio | 1.53x | 1.72x | 2.01x | |
| Interest cover | 17.05x | — | 68.85x |
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
- PALLETFORCE LIMITED 2015-10-13 → present
- PALLETFORCE PLC 2000-12-21 → 2015-10-13
- SEVCO 1208 PLC 2000-10-11 → 2000-12-21
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management and the Board are confident that the significant components of the business will continue to generate sufficient cash flows from their future operations to meet future obligations as they fall due, as well as the Group's ability to secure equivalent financing from its lenders or via the continued support of the shareholders. Based on these assessments and the performance of the Group through to the date of signing these financial statements, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.”
Group structure
- PALLETFORCE LIMITED · parent
- Ovimore Limited 100%
- Palletforce Logistics Sussex Limited 100%
- Palletforce Logistics Kent and Berkshire Limited 100%
Significant events
- “The company is party to a financial guarantee contract in relation to the bank borrowings of its parent companies, which at 31 December 2025 amounted to £60,000,000 (2024 - £48,218,000). These bank borrowings are secured by a fixed and floating charge over the assets of the company and its parent companies and imposes a negative pledge which prohibits the company and its parent companies from creating any security interests over the property pledged as security.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 32 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DAVIS, Mark | Secretary | 2019-05-01 | — | — |
| BREEZE, David Ian | Director | 2017-07-19 | Feb 1963 | British |
| HOLLAND, David | Director | 2008-11-04 | Jan 1971 | British |
| HUGHES, Dean John | Director | 2009-02-09 | Jun 1974 | British |
| PEARSON, Simon Richard | Director | 2015-10-05 | Nov 1967 | British |
| TAPPER, Mark William | Director | 2017-02-28 | Nov 1965 | British |
| ZARIN, Heath Brian | Director | 2015-10-05 | Dec 1975 | Kittitian |
Show 32 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARPENTER, Neil Andrew | Secretary | 2010-08-31 | 2019-05-01 |
| BIRKETTS SECRETARIES LIMITED | Corporate Secretary | 2004-11-02 | 2010-08-31 |
| EVERSECRETARY (NO 2) LIMITED | Corporate Secretary | 2002-01-23 | 2004-11-02 |
| SEVERNSIDE SECRETARIAL LIMITED | Corporate Nominee Secretary | 2000-10-11 | 2000-11-27 |
| THE PARTNERS IN THE FIRM OF EVERSHEDS (EAST OF ENGLAND) | Corporate Secretary | 2000-11-27 | 2002-01-23 |
| BACK, Steve John | Director | 2019-02-02 | 2022-12-06 |
| BROTHERTON, John | Director | 2009-01-02 | 2015-10-05 |
| CARPENTER, Neil Andrew | Director | 2001-07-25 | 2019-05-01 |
| CONROY, Michael | Director | 2008-04-14 | 2021-10-14 |
| COOKE, Alan | Director | 2007-09-10 | 2007-12-21 |
| HAMILL, John | Director | 2014-10-01 | 2017-02-28 |
| LEONARD, Adam Randal | Director | 2020-07-30 | 2022-03-14 |
| MCAULAY, Iain Davidson | Director | 2005-09-19 | 2009-01-02 |
| MCFARLANE, David | Director | 2001-08-28 | 2002-06-11 |
| MOH, Chuang Hue | Director | 2015-10-05 | 2020-04-28 |
| SCARLETT, Michael Ian | Director | 2009-02-05 | 2010-11-22 |
| SCARLETT, Michael Ian | Director | 2000-11-27 | 2007-08-31 |
| SMITH, Richard Mark | Director | 2000-11-27 | 2003-07-31 |
| TABOR, Mark Jeremy | Director | 2017-12-01 | 2019-10-01 |
| WORGAN, Carl Malcolm John | Director | 2004-03-02 | 2014-04-07 |
| 7SIDE SECRETARIAL LIMITED | Corporate Director | 2000-10-11 | 2000-11-27 |
| BEDFORDS LIMITED | Corporate Director | 2011-01-13 | 2015-10-05 |
| BEDFORDS LTD | Corporate Director | 2001-10-28 | 2008-01-24 |
| EDWIN C FARRALL (TRANSPORT) LIMITED | Corporate Director | 2008-01-24 | 2015-10-05 |
| HARGRAVE FARMING LIMITED | Corporate Director | 2016-01-01 | 2018-05-18 |
| LOGISTIC MANAGEMENT SERVICES LTD | Corporate Director | 2001-10-28 | 2007-01-25 |
| PASS J HOLDINGS LIMITED | Corporate Director | 2007-02-14 | 2015-10-05 |
| R G BASSETT & SONS LTD | Corporate Director | 2002-06-26 | 2010-01-07 |
| REDHEAD FREIGHT LIMITED | Corporate Director | 2002-04-30 | 2015-10-05 |
| SEVERNSIDE NOMINEES LIMITED | Corporate Nominee Director | 2000-10-11 | 2000-11-27 |
| TRANSACTION INTERNATIONAL LIMITED | Corporate Director | 2008-01-24 | 2015-01-15 |
| WM ARMSTRONG (LONGTOWN) LIMITED | Corporate Director | 2015-01-15 | 2015-10-05 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Palletforce Intermediate Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 278 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-14 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-07-11 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-07-03 | AA | accounts | Accounts with accounts type full | |
| 2025-09-26 | AA01 | accounts | Change account reference date company previous extended | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-04-22 | CH01 | officers | Change person director company with change date | |
| 2025-04-22 | CH01 | officers | Change person director company with change date | |
| 2025-03-19 | AA | accounts | Accounts with accounts type full | |
| 2025-02-14 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-18 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-12-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-10-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-23 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-02-06 | AA | accounts | Accounts with accounts type full | |
| 2023-12-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-18 | AA01 | accounts | Change account reference date company previous shortened |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- 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.