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Parasense Limited

02341314

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

1-3 COLLEGE YARD, WORCESTER, WR1 2LB
Incorporated 31/01/1989

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46690
Wholesale of other machinery and equipment

Officers

Mr Bryan Redmond

director · Since 30/09/2020

EUROPEAN SALES & SERVICES DIRECTOR

IRISH · IRELAND · Age 63

Mr James Michael Daugherty

director · Since 01/07/2021

DIRECTOR, GLOBAL TAX & ASSISTANT TREASUR

AMERICAN · UNITED STATES · Age 56

Also on 11 other boards

Mr Anthony J. Halli

director · Since 01/07/2021

EXECUTIVE BUSINESS FINANCE DIRECTOR

AMERICAN · UNITED STATES · Age 49

Mr Aaron L. Tufts

director · Since 01/07/2021

GENERAL MANAGER

AMERICAN · UNITED STATES · Age 55

Persons with Significant Control

Former PSCs

Mr Peter Edward Radford

Ceased 12/05/2017

Charges0 outstanding

charge
satisfied

BANK OF SCOTLAND PLC

Created 26/07/2010Registered 10/08/2010Satisfied 06/12/2016
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 16/02/1995Registered 23/02/1995Satisfied 10/03/2017

CompanyRankvs 45+ SIC 46690 peers
79

Financial strength97th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 11.45× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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45Parasense Limited
89
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

or ∙ the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The directors are responsible for the other inform

Key FinancialsYear ending 31/12/2019

Net Worth

£3.5M

Balance sheet strength

Cash

£23k

Cash in the bank

Net Current Assets

£3.4M

Working capital

Current Assets

£3.8M

Current Liabilities

£328k

Fixed Assets

£69k

Debtors

£3.3M

Profit After Tax

£1.8M

31avg. employees

Tax at Year End

Corp tax£33k

Balance Sheet

Assets less current liabilities£3.5M
Prepared with Caseware UK (AP4) 2018.0.196

EstimatesDerived

YearCurrent Ratio
201911.45

Derived from filed accounts. Not audited figures.