# MIDLAND PALLETS LIMITED (01208454)

> MIDLAND PALLETS LIMITED is an active private limited company (company number 01208454) incorporated on 21 April 1975, registered in Kettering. Its registered activity is manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials (SIC 16290). Latest small accounts cover the period ending 31 March 2026, showing net assets of £732k and cash of £628k, with 41 employees on average. Net assets fell 39% on the prior period (£1.20m).

- Status: Active
- Incorporated: 1975-04-21
- Registered office: Kettering, NN15 6WJ
- SIC 16290: Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
- Next accounts due: 2027-12-31
- Confirmation statement due: 2027-05-05
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 1,353 comparable companies in the UK (median £3,737, upper quartile £80k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | £732k | £628k | £1.13m | £1.91m | — | — | 41 |
| 2025-03-31 | £1.20m | £1.11m | £1.06m | £1.85m | — | — | 38 |

current ratio 0.99; size band small.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £732,370 at 31 March 2026
- Net assets down 25% or more on the prior period: -39.2% vs prior period
- Current assets below creditors within one year: Current ratio 0.99
- Cash at bank of £50,000 or more: Cash £627,823
- Incorporated five or more years ago: Incorporated 21 April 1975

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Michael Gough — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06
- Mr Steven Naslund Bailey — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/01208454
HTML: https://firmoscan.com/company/01208454-midland-pallets-limited