# PALAGATE PROPERTIES LIMITED (02231697)

> PALAGATE PROPERTIES LIMITED is an active private limited company (company number 02231697) incorporated on 17 March 1988, registered in Maidstone. Its registered activity is construction of domestic buildings (SIC 41202). Latest small accounts cover the period ending 31 March 2025, showing net assets of £1.45m and cash of £423k, with 1 employee on average. Net assets rose 60% on the prior period (£907k).

- Status: Active
- Incorporated: 1988-03-17
- Registered office: Maidstone, ME15 6YJ
- SIC 41202: Construction of domestic buildings
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-03-31
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 1,336 comparable companies in Kent (median £3,495, upper quartile £39k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £1.45m | £423k | £70k | — | — | — | 1 |
| 2024-03-31 | £907k | £101k | £681k | — | — | — | 1 |

size band micro.

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

- Net assets above zero: Net assets £1,449,841 at 31 March 2025
- Net assets up 10% or more on the prior period: +59.8% vs prior period
- Cash at bank of £50,000 or more: Cash £422,850
- Incorporated five or more years ago: Incorporated 17 March 1988

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

## Persons with significant control

- Mr Ian Stretton Russell — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors; has significant influence or control, since 2016-07-11

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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/02231697
HTML: https://firmoscan.com/company/02231697-palagate-properties-limited