Company Overview
The Galleries (Palmeira Avenue) Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 22 December 2009, so this is a well established company. The Galleries (Palmeira Avenue) Limited has been in business for 16 years and 3 months. The accounts status is micro entity and the accounts are next due on Wednesday 30 September 2026.
Registered Address

88 Boundary Road, Hove, BN3 7GA
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Companies House Data
Company NameTHE GALLERIES (PALMEIRA AVENUE) LIMITED
Company Number07111227
Registered Office Address88 Boundary Road
 BN3 7GA
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/12/2009
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date19/01/2017
Returns Last Made Up Date22/12/2015
Directors & Members
Show Resigned
Michael Bailey - Director
(British, 53 years old, born June 1973)
Appointed 13 February 2026
 Active
Victoria Chartres - Director
(British, 60 years old, born March 1966)
Appointed 01 August 2018
 Active
John Doyle - Director
(Irish, 74 years old, born August 1952)
Appointed 17 April 2020
 Active
Giuseppe Morassi - Director
(Greek, 47 years old, born April 1979)
Appointed 10 February 2025
 Active
Secretaries
Show Resigned
Other Company Directorships
Michael Bailey
GULF CONSULTANCY LTD
Victoria Chartres
SPECIALIST DATA SOFTWARE LIMITED
SPECIALIST DATA SOLUTIONS LTD
John Doyle
No companies found
Giuseppe Morassi
GLM SPINAL CARE LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 230,000 230,000 230,000
Current Assets 1,464 1,464 3,143
Creditors Due Within One Year 4,328 4,328 4,604
Working Cap -2,864 -2,864 -1,461
Total Assets Less Current Liabilities 227,136 227,136 228,539
Long-term Liabilities 230,169 230,169 231,140
Net Assets -3,033 -3,033 -2,601
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -3,033 -3,033 -2,601
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 99.4% 99.4% 98.7%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 0.6% 0.6% 1.3%
Creditors Due Within One Year 1.9% 1.9% 2.0%
Net Current Assets Liabilities -1.2% -1.2% -0.6%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -1.3% -1.3% -1.1%
Capital Employed - - -
Total Assets Less Current Liabilities 98.1% 98.1% 98.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 0.3 0.3 0.7
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 231,464 231,464 233,143
Debt 234,497 234,497 235,744
Net Assets/Debt -3,033 -3,033 -2,601

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Appointment of Mr Michael Andrew Bailey as a director on 13 February 2026
Confirmation statement made on 22 December 2025 with no updates
Termination of appointment of Jan Young as a director on 22 December 2025
Appointment of Mr Giuseppe Lambros Morassi as a director on 10 February 2025
Termination of appointment of Sara Jade Lee as a director on 27 February 2025
Termination of appointment of Paul Gareth Aley as a director on 27 February 2025
Confirmation statement made on 22 December 2024 with updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 22 December 2023 with no updates
Director's details changed for Mr John Ailbe Doyle on 26 July 2023
Director's details changed for Ms Jan Young on 26 July 2023
Director's details changed for Mrs Victoria Jane Chartres on 26 July 2023
Termination of appointment of John Dunsmore Browne as a director on 4 July 2023
Appointment of Mr Paul Gareth Aley as a director on 4 July 2023
Registered office address changed from C/O Kreston Reeves Llp Plus X Innovation Hub Lewes Road Brighton BN2 4GL United Kingdom to 88 Boundary Road Hove BN3 7GA on 17 April 2023
Confirmation statement made on 22 December 2022 with updates
Appointment of Ms Sara Jade Lee as a director on 13 April 2022
Termination of appointment of Claudia Jessika Ruge as a director on 2 March 2022
Confirmation statement made on 22 December 2021 with updates
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