# PALACE HOTEL (PETERHEAD) LIMITED (SC205289)

> PALACE HOTEL (PETERHEAD) LIMITED is an active private limited company (company number SC205289) incorporated on 21 March 2000, registered in Peterhead. Its registered activity is hotels and similar accommodation (SIC 55100). Latest small accounts cover the period ending 31 March 2025, showing net assets of £2.06m and cash of £299k, with 49 employees on average. Net assets fell 2% on the prior period (£2.09m).

- Status: Active
- Incorporated: 2000-03-21
- Registered office: Peterhead, AB42 1HY
- SIC 55100: Hotels and similar accommodation
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-04-04
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 110 comparable companies in Aberdeen (median −£128, upper quartile £36k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £2.06m | £299k | £359k | — | — | — | 49 |
| 2024-03-31 | £2.09m | £581k | £253k | — | — | — | 44 |

size band small.

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

- Net assets above zero: Net assets £2,060,137 at 31 March 2025
- Cash at bank of £50,000 or more: Cash £299,212
- Incorporated five or more years ago: Incorporated 21 March 2000

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

## Persons with significant control

- Mr Kenneth Watt — owns 75–100% of shares, since 2017-03-16

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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/SC205289
HTML: https://firmoscan.com/company/SC205289-palace-hotel-peterhead-limited