PALLITE GROUP LTD
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Cash
£305k
-38.3% lowest in 6 filed years
Net assets
£391k
-63.3% first positive since 2022
Employees
40
-14.9% vs 2024
Profit before tax
—
Period ending 2025-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
6-year trend · vs Basic Materials median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | — | — | |
| Profit before tax | — | — | — | — | — | — | — | |
| Net profit | — | — | — | — | -£563,031 | -£746,043 | -32.5% | |
| Cash | £1,040,340 | £850,770 | £400,216 | £932,503 | £495,046 | £305,245 | -38.3% | |
| Total assets less current liabilities | £1,459,962 | £1,701,270 | £1,248,903 | £2,812,523 | £1,750,988 | £1,011,355 | -42.2% | |
| Net assets | £175,162 | £43,922 | -£443,542 | £786,035 | £1,065,359 | £391,241 | -63.3% | |
| Equity | £175,162 | £43,922 | -£443,542 | £786,035 | £1,065,359 | £391,241 | -63.3% | |
| Average employees | 34 | 42 | 51 | 49 | 47 | 40 | -14.9% | |
| Wages | — | — | — | — | — | — | — | |
| 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|---|
| Gearing (liabilities / total assets) | 92.9% | 98.4% | 115.2% | 82.1% | 72.8% | 90.1% | |
| Current ratio | — | — | — | — | 0.98x | 0.77x |
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 — the current trading name was adopted 2025-02-27
- PALLITE GROUP LTD 2025-02-27 → present
- THE ALTERNATIVE PALLET COMPANY LIMITED 2014-05-29 → 2025-02-27
- THE PAPER PALLET COMPANY LIMITED 2008-07-15 → 2014-05-29
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- DJH Audit Limited
- Audit opinion
- Qualified
- Going concern
- Affirmed
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”
Group structure
- PALLITE GROUP LTD · parent
- Pallite Limited 100%
- The Paper Hive Limited 100%
- The Alternative Logistics Company Ltd 100%
- Pallite BV 100%
- Pallite Asia SDN BHD 80%
- Pallite INC. 100%
Significant events
- “During the year the company changed it's name from The Alternative Pallet Company Limited to Pallite Group Limited.”
- “In October 2025, the group secured alternative debt financing of £1,560,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 17 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AUDAS, Robert Graham | Director | 2020-03-11 | Oct 1948 | British |
| BURSTALL, Caroline Frances | Director | 2022-06-16 | Nov 1978 | British |
| LAW, Alan Robert | Director | 2026-04-09 | Jul 1983 | British |
| PHILLIPS, Andrew Coventon | Director | 2017-05-19 | Apr 1963 | British |
Show 17 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CREASY, Christine Anne | Secretary | 2009-05-05 | 2010-07-05 |
| FITCHETT, David John | Secretary | 2010-07-12 | 2016-02-16 |
| DARLOW, Richard Charles | Director | 2014-08-04 | 2015-11-25 |
| DAVIES, Stephen Robert Charles | Director | 2010-09-24 | 2017-05-19 |
| ETTY, Paul David | Director | 2021-01-01 | 2025-06-04 |
| FITCHETT, David John | Director | 2011-11-08 | 2017-03-24 |
| FRY, Christopher Clarence | Director | 2008-07-15 | 2012-08-31 |
| GRAVES, Jonathan Peter | Director | 2020-03-11 | 2026-02-03 |
| HAYES, Francis Graham | Director | 2008-07-15 | 2017-03-24 |
| HULMES, Iain Mcphee | Director | 2019-06-27 | 2023-04-16 |
| JONES, Stewart Ross | Director | 2014-01-16 | 2023-04-30 |
| MULHALL, Patrick Bernard | Director | 2014-08-04 | 2019-11-30 |
| POOLE, Robert David | Director | 2012-05-02 | 2015-11-25 |
| ROSE, David Robert | Director | 2015-01-01 | 2015-11-25 |
| SWAN, Nicholas Alistair | Director | 2017-05-19 | 2020-02-29 |
| WALDBURG, Sebastian | Director | 2019-06-27 | 2022-03-29 |
| SUSTAINABLE TECHNOLOGY INVESTORS LIMITED | Corporate Director | 2014-01-16 | 2019-06-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Andrew Coventon Phillips | Individual | Significant influence | 2024-07-31 | Ceased 2026-06-25 |
| Zedra Trust Company (Guernsey) Limited As Trustee Of Icg Ebt 2003 Re Phillips Subfund | Corporate entity | Shares 25–50%, Voting 25–50% | 2018-01-16 | Ceased 2026-07-01 |
Filing timeline
Last 20 of 131 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type group | |
| 2026-07-29 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-07-23 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2026-07-03 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-06-26 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-06-24 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-06-19 | RP01SH01 | miscellaneous | Legacy | |
| 2026-06-19 | RP01SH01 | miscellaneous | Legacy | |
| 2026-05-15 | SH01 | capital | Capital allotment shares | |
| 2026-05-11 | SH01 | capital | Capital allotment shares | |
| 2026-05-06 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-13 | AA | accounts | Accounts with accounts type small | |
| 2025-10-28 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-10-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-09-30 | AA01 | accounts | Change account reference date company previous shortened | |
| 2025-09-15 | SH01 | capital | Capital allotment shares | |
| 2025-07-18 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-06-13 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-03 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 15
- Capital events
- 4
- Officers appointed
- 1
- Officers resigned
- 1
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.