Pallite Group Ltd

Pallite Group Ltd, based in Wellingborough, UK, is a small, active company established sixteen years ago. Employing fifty-one people and holding assets valued at £3,445,554, it operates from a real address and is overseen by five directors and a single owner. The company is a regular importer and exporter of machinery, boilers, and mechanical appliances, with parts, importing for five months and exporting for seven.

The company’s website showcases a focus on warehouse storage solutions, sustainable products for logistics, and protective packaging. It highlights its PIX warehouse storage units, shipping crates, layer boards, and pallets, emphasizing their lightweight, flexible, and strong design. The site caters to ecommerce fulfilment centres and 3PLs, offering customizable storage solutions and even mentioning production in Belgium to serve European customers. The website also has a section on sustainability, promoting the use of honeycomb paper cardboard and offering a calculator to assess CO2 savings.

Financially, Pallite Group Ltd presents a mixed picture. While current assets increased by 56% to £3,400,000, net assets remained stable at -£14,000,000. Bank borrowings decreased by 39%, reaching £150,000, and cash reserves increased by 130% to £930,000. Creditors decreased by 2.9%, suggesting improved debt management. The company’s size—meeting two of three criteria for a small company—allows for agility. The significant negative equity, however, raises questions about long-term sustainability. The lack of a named auditor suggests the company is exempt from an audit. The company’s retained earnings also decreased, which may be a concern. The company’s focus on sustainability and European expansion, however, suggests a commitment to growth.

Registered in England/Wales under the registration number 06646163, with a registered address at NN8 6UY, Wellingborough, Northamptonshire, 60 Sinclair Drive, Park Farm Industrial Estate.

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