Parallele Lines Limited
02308758
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/03/1991
COMPANY SECRETARY
BRITISH · UNITED KINGDOM · Age 70
Persons with Significant Control
Mrs Margot Elizabeth Wheaton
British · United Kingdom · Age 70
Rosebrook House, Priors Leaze Lane, Chichester, PO18 8RQ
Notified 06/04/2016
Mr Ian Hugh Morris
British · England · Age 65
6, Breach Avenue, Emsworth, PO10 8NB
Notified 01/10/2022
Former PSCs
Mr Graham Hugh Morris
Ceased 01/10/2022
CompanyRankvs 4186+ SIC 55209 peers44
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2024
Net Worth
-£78k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
£860
Current Liabilities
£2k
Fixed Assets
£16k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.40 | -£8k |
| 2023 | 1.44 | -£8k |
| 2022 | 0.38 | -£7k |
| 2021 | 0.80 | -£6k |
| 2020 | 0.34 | -£2k |
| 2019 | 0.73 | -£49 |
| 2018 | — | +£112 |
| 2016 | 0.50 | — |
Derived from filed accounts. Not audited figures.