Palmer Developments Limited

Palmer Developments Limited, based in Birmingham, UK, is a small, active company founded nineteen years ago in 2005. With just one employee and £3,969,320 in assets, it operates from a virtual address shared by over 100 other companies. The company is led by two directors and has one owner, boasting a respectable Google rating of 4.0 based on six reviews. It’s an irregular importer, primarily dealing in stone, plaster, cement, and similar materials, with its last import operation occurring in May 01, 2024.

The company’s website showcases Palmer Construction, a civil engineering and construction services provider. It specializes in utility, infrastructure, energy, and electrical distribution developments, emphasizing a collaborative approach and expertise in high-risk environments. The website details a range of projects, including substation work, asset management, and renewable energy installations across the UK. It even owns a company called Leys Field (oxhill) Management Company Limited.

Financially, Palmer Developments Limited presents a mixed picture. Cash bank on hand increased by a substantial 120% to £11,000, a positive sign. However, net assets decreased by 0.54% to £580,000. Trade creditors increased by 32% to £120,000, while trade debtors remained steady at £160,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. The company’s small size (meeting two of three conditions for a small company) helps it remain flexible, but the increase in borrowing suggests it may be burning through cash to fund operations. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Palmer Developments Limited appears to be a specialist construction firm navigating a period of financial pressure, while still maintaining a solid reputation and active project pipeline.

Registered in England/Wales under the registration number 05566630, with a registered address at B27 7NX, England, Birmingham, Holbeche House 437 Shirley Road, Acocks Green.

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