Company Overview
Palm Engineering Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 09 November 2017, so this is a well established company. Palm Engineering Limited has been in business for 8 years and 4 months. The accounts status is total exemption full and the accounts are next due on Friday 31 October 2025.
Registered Address

Demsa Accounts 565 Green Lanes, Haringey, London, N8 0RL
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Companies House Data
Company NamePALM ENGINEERING LIMITED
Company Number11057232
Registered Office AddressDemsa Accounts 565 Green Lanes
 Haringey
 N8 0RL
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date09/11/2017
Accounting Reference Date Day31
Accounting Reference Date Month1
Accounts Next Due Date31/10/2025
Accounts Last Made Up Date31/01/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date07/12/2018
Previous Company NameChanged Date
PALM ENGINNERING LIMITED21 May 2018
Directors & Members
Ogulcan Ozturk - Director
(Turkish, 32 years old, born January 1994)
Appointed 09 November 2017
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Ogulcan Ozturk
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Jan-2024 31-Jan-2023 31-Jan-2022
Balance Sheet
Fixed Assets 967 967 0
Current Assets 7,021 7,021 5,196
Creditors Due Within One Year 6,413 6,413 3,824
Working Cap 608 608 1,372
Total Assets Less Current Liabilities 1,575 1,575 1,372
Long-term Liabilities 0 0 0
Net Assets 1,575 1,575 1,372
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,575 1,575 1,372
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jan-2024 31-Jan-2023 31-Jan-2022
Tangible Fixed Assets - - -
Fixed Assets 12.1% 12.1% 0.0%
Stocks Inventory - - -
Debtors 5.4% 5.4% -
Cash Bank In Hand 82.5% 82.5% 100.0%
Current Assets 87.9% 87.9% 100.0%
Creditors Due Within One Year 80.3% 80.3% 73.6%
Net Current Assets Liabilities 7.6% 7.6% 26.4%
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 19.7% 19.7% 26.4%
Capital Employed - - -
Total Assets Less Current Liabilities 19.7% 19.7% 26.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jan-2024 31-Jan-2023 31-Jan-2022
Liquidity Ratio 1.1 1.1 1.4
Solvency Ratio 1.2 1.2 1.4
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-Jan-2024 31-Jan-2023 31-Jan-2022
Assets 7,988 7,988 5,196
Debt 6,413 6,413 3,824
Net Assets/Debt 1,575 1,575 1,372

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.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   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.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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
Final Gazette dissolved via voluntary strike-off
First Gazette notice for voluntary strike-off
Application to strike the company off the register
Confirmation statement made on 8 November 2024 with no updates
Confirmation statement made on 8 November 2023 with no updates
Registered office address changed from Demsa Accounts 278 Langham Road London N15 3NP England to Demsa Accounts 565 Green Lanes Haringey London N8 0RL on 9 August 2023
Confirmation statement made on 8 November 2022 with no updates
Registered office address changed from 57 Angel Road Thames Ditton KT7 0AZ England to Demsa Accounts 278 Langham Road London N15 3NP on 20 October 2022
Director's details changed for Ogulcan Ozturk on 7 October 2022
Change of details for Ogulcan Ozturk as a person with significant control on 7 October 2022
Registered office address changed from 17 Collingwood Place Walton-on-Thames KT12 1LU England to 57 Angel Road Thames Ditton KT7 0AZ on 21 February 2022
Director's details changed for Ogulcan Ozturk on 18 February 2022
Change of details for Ogulcan Ozturk as a person with significant control on 18 February 2022
Confirmation statement made on 8 November 2021 with no updates
Change of details for Ogulcan Ozturk as a person with significant control on 16 February 2021
Director's details changed for Ogulcan Ozturk on 16 February 2021
Change of details for Ogulcan Ozturk as a person with significant control on 16 February 2021
Registered office address changed from 4 Gresham Court Cherry Orchard Staines-upon-Thames TW18 2DG England to 17 Collingwood Place Walton-on-Thames KT12 1LU on 16 February 2021
Confirmation statement made on 8 November 2020 with no updates
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