Palace Chemicals Limited

Palace Chemicals Limited, based in Liverpool, UK, is a large, active company founded 46 years ago in 1978. Employing 82 people and holding £29,809,160 in assets, it’s a well-established player in the chemical industry. The company, with a real address and eight directors, is owned by Clapham Charles. It boasts a solid 4.0 Google rating based on 26 reviews. Palace Chemicals regularly imports plastics and plastic products (79 months) and exports miscellaneous chemical products (270 months), indicating a robust international trade presence.

The company operates in the manufacture of other chemical products n.e.c. industries. Its website is non-existent, so it’s unclear if the company sells directly to consumers or operates solely as a business-to-business supplier.

Financially, Palace Chemicals shows a mixed picture. Current assets increased by 13%, reaching £30 million, while net assets grew by 26% to £29 million. Bank borrowings remained stable, and cash reserves increased by 15% to £18 million. However, the company’s average number of employees decreased slightly by 6.1% to 77. Interest income on bank deposits saw a dramatic increase of 680%, suggesting a shift in investment strategy or higher interest rates. The company’s size (meeting two of three criteria for a large company) helps it maintain a competitive edge, but the slight decrease in employees could indicate restructuring or automation. The audit firm DSG conducted the audit, and the report was signed by Andrew Moss.

The company’s significant increase in deferred tax expense credit suggests a change in tax planning or accounting practices. While the company’s financial health appears generally stable, the decrease in employees and increase in deferred tax expenses warrant further investigation.

Registered in England/Wales under the registration number 01377241, with a registered address at L24 1YA, Liverpool, Unit 49 Compass Industrial Park West, Speke.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.