Palletland Limited

Palletland Ltd from West Bromwich UK: a small holding company with an active status, was founded 15 years ago and employs 37 people. The company holds assets worth £5,054,526 and operates from a real address. With two directors and one owner, Palletland Ltd runs an e-commerce site and has a Google rating of 3.0 based on 23 reviews. It’s an irregular importer of wood and wood products, with its last import operation occurring one month ago.

Palletland Ltd specializes in the manufacture of wooden containers, offering a wide range of services including buying, selling, repairing, collecting, and delivering pallets. The company’s website highlights its commitment to cost reduction consultancy, heat treatment, and sustainable timber sourcing. It caters to both standard and bespoke pallet needs, including plastic pallets and even "New Life" pallets aimed at reducing carbon footprints. The company also offers pallet repair, wood waste recycling, and procurement services.

Financially, Palletland Ltd shows some concerning trends. Cash reserves have plummeted by a staggering 97%, leaving just £620, with a sharp increase in bank borrowings. While current assets have increased by 18%, net assets have decreased by 2.5%. Creditors have also decreased by 12%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. The company’s lack of a detailed profit and loss statement, likely due to its status as a small company, means the figures rely on unaudited statements. The sharp decline in equity, however, raises questions about the company's long-term financial health.

Registered in England/Wales under the registration number 07167710, with a registered address at B70 0FD, England, West Bromwich, West Midlands, Hijazi House, Charles Street.

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