How much does Palace Building Services Ltd make?

Palace Building Services Ltd reported revenue of £203k and £6.9k profit in the year to 31 Oct 2024, according to its accounts filed at Companies House.

How many employees does Palace Building Services Ltd have?

Palace Building Services Ltd reported an average of 2 employees in the year to 31 Oct 2024.

Is Palace Building Services Ltd profitable?

Yes — Palace Building Services Ltd reported a profit of £6.9k in the year to 31 Oct 2024.

Company No. 09698380 · Incorporated 22 Jul 2015

Palace Building Services Ltd

Registered name: PALACE BUILDING SERVICES LTD

Palace Building Services Ltd made £203k revenue and £6.9k profit in the year to 31 Oct 2024.

Palace Building Services Ltd’s revenue was £203k in the year to 31 Oct 2024, with £6.9k profit and 2 employees. The company is classified under “electrical installation” and is based in Hastings; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43210Electrical installation SIC 43220Plumbing, heat and air-conditioning installation SIC 43310Plastering SIC 43341Painting

Status: Active
Location: Hastings, South East
Age: 11 yrs · since 2015
Type: Private Limited Company

Latest accounts · year to 31 Oct 2024

Key figures

IndependentSmall teamCapital-lightBoring industry

Revenue

£203k

Growth —

Profit

£6.9k

Growth —

Profit margin

3.4%

Gross 34.7%

Employees

Change —

Profit / employee

£3.4k

Revenue/employee £102k

Profitable streak

2yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	30 Jul 2022	30 Jul 2023	31 Oct 2024
Disclosure	No P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	—	£75.4k	£203k
Cost of sales	—	£27.8k	£133k
Gross profit	—	£47.6k	£70.6k
Operating profit	—	£7.3k	£8.3k
Profit before tax	—	£7.1k	£8.3k
Profit after tax	—	£5.7k	£6.9k
Profit (best available)	—	£5.7k	£6.9k
Employees (average)	2	0	2
Ratios
Profit margin	—	7.5%	3.4%
Gross margin	—	63.1%	34.7%
Revenue per employee	—	—	£102k
Profit per employee	—	—	£3.4k
Growth (year on year)
Headcount growth	—	▼100%	—
Balance sheet — indirect signals, not revenue
Cash at bank	£28.6k	£31.4k	£4.5k
Net assets	£37k	£42.6k	£16k
Fixed assets	£121	−£306	£610
Current assets	£43.7k	£57.8k	£27.7k
Debtors	£7k	£6.2k	£14.6k
Source	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Apr 2024	FullAccounts · bulk data Jul 2025

Derived from the latest filing

How the business works

Profit margin: 3.4%; Profit ÷ revenue.
Gross margin: 34.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £102k; Revenue ÷ average employees.
Profit per employee: £3.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 7.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: —; Now £16k
Cash at bank: —; Now £4.5k
Headcount: —; Now 2
Deferred income: —; Now —
Fixed assets: —; Now £610

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2024 (profit £6.9k), from the Companies House accounts bulk data published Jul 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.