Palace Scenery Construction Ltd

Palace Scenery Construction Ltd, based in London, UK, is a large, active company founded twelve years ago. With 124 employees and £12.6 million in assets, the company generated £34.8 million in revenue last year. It’s a family business with three directors and two owners, operating from a real address and regularly exporting wood and wood products – with seven months of export activity recorded.

The company’s website no longer exists, which makes it difficult to determine the full scope of its operations beyond what’s available in the report. It appears to operate in the other manufacturing n.e.c. industries.

Financially, Palace Scenery Construction Ltd shows a mixed picture. While cash bank on hand increased significantly by 100% to £9.7 million, net assets also rose by 14% to £12 million. However, turnover decreased by 19% to £35 million. Staff costs decreased by 22% to £7 million, and net losses deepened to £2.3 million. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms. The company’s bank borrowings decreased by 2400%, reaching £29,000. The lack of employees (zero reported) hints at a lean, possibly solo operation. The company’s auditor is CG LEE Limited.

Despite the decrease in turnover, the increase in cash reserves and decrease in bank borrowings suggest a period of financial stabilization. The increased trade debtors, however, could indicate challenges in collecting payments. The company’s size, meeting two of three criteria for a large company, helps it stay agile, but the increased losses raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 08470533, with a registered address at SE21 7LS, United Kingdom, London, 1 Tollgate Drive.

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