Palace Laundry Ltd
Registered name: PALACE LAUNDRY LTD
Part of Firmdale Holdings Ltd groupPalace Laundry Ltd made £3.6m revenue and a £1.7m loss in the year to 31 Jan 2026.
Palace Laundry Ltd’s revenue fell 2% to £3.6m in the year to 31 Jan 2026, with a loss of £1.7m and 84 employees. The company is classified under “washing and (dry-)cleaning of textile and fur products” and is based in London; we hold 5 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 8 yrs · since 2018
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Jan 2022 | 31 Jan 2023 | 31 Jan 2024 | 31 Jan 2025 | 31 Jan 2026 |
|---|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||||
| Revenue (turnover) | £1.2m | £2.9m | £3.3m | £3.7m | £3.6m |
| Cost of sales | £1.4m | £2.2m | £2.5m | £2.8m | £3.4m |
| Gross profit | −£240k | £705k | £842k | £930k | £235k |
| Operating profit | £730k | −£1.2m | −£846k | −£459k | −£2.2m |
| Profit before tax | £730k | −£1.2m | −£843k | −£457k | −£2.2m |
| Profit after tax | £297k | −£1.3m | −£432k | −£503k | −£1.7m |
| Profit (best available) | £297k | −£1.3m | −£432k | −£503k | −£1.7m |
| Staff costs | £1.2m | £1.7m | £1.9m | £2.1m | £2.3m |
| Employees (average) | 61 | 71 | 77 | 83 | 84 |
| Ratios | |||||
| Profit margin | 24.7% | −43.5% | −13.1% | −13.6% | −45.9% |
| Gross margin | −19.9% | 24.3% | 25.6% | 25.1% | 6.5% |
| Revenue per employee | £19.8k | £40.8k | £42.8k | £44.6k | £43.1k |
| Profit per employee | £4.9k | −£17.8k | −£5.6k | −£6.1k | −£19.8k |
| Growth (year on year) | |||||
| Revenue growth | — | ▲140.3% | ▲13.8% | ▲12.4% | ▼2.2% |
| Profit growth | — | ▼523.8% | — | — | — |
| Headcount growth | — | ▲16.4% | ▲8.5% | ▲7.8% | ▲1.2% |
| Balance sheet — indirect signals, not revenue | |||||
| Cash at bank | £76.3k | £17k | £58.7k | £65.9k | £39.9k |
| Net assets | −£2.1m | −£3.6m | −£4m | −£4.5m | −£6.2m |
| Fixed assets | £7.5m | £6.3m | £5.6m | £5.6m | £5.3m |
| Current assets | £204k | £382k | £410k | £496k | £431k |
| Debtors | £99.7k | £335k | £321k | £232k | £191k |
| Deferred income | £121k | £97.3k | £84.2k | £105k | £114k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Aug 2024 | FullAccounts · bulk data Jul 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- −45.9%
- Profit ÷ revenue.
- Gross margin
- 6.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £43.1k
- Revenue ÷ average employees.
- Profit per employee
- −£19.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 145.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 3.1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 5.3%
- Money owed by customers. Low = customers pay quickly.
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 −£6.2m
- Cash at bank
- ▼40%
- Now £39.9k
- Headcount
- ▲1%
- Now 84
- Deferred income
- ▲9%
- Now £114k
- Fixed assets
- ▼6%
- Now £5.3m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Firmdale Holdings Ltd (registered outside the UK register)ultimate parent75–100%
- Palace Laundry Ltdthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- Express Linen Services LimitedEstate, Blackpool · Washing and (dry-)cleaning of textile and fur products
- Revenue
- £7.8m
- Profit
- £236k
- Staff
- 100
- Grosvenor Contracts (London) LimitedDerby · Washing and (dry-)cleaning of textile and fur products
- Revenue
- £9.3m
- Profit
- £1.2m
- Staff
- 79
- Abbey Glen LimitedSheffield · Washing and (dry-)cleaning of textile and fur products
- Revenue
- £10.7m
- Profit
- £503k
- Staff
- 154
Sources
Latest figures from FullAccounts for the year to 31 Jan 2026 (profit −£1.7m), from the Companies House accounts bulk data published Aug 2026. 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.