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Parotec Solutions Limited

02344308

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

UNIT C1 EUROPA TRADING ESTATE, RADCLIFFE, M26 1GG
Incorporated 07/02/1989

Compliance

Last accounts

31/10/2024

small

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 23/05/2025

Due 06/06/2026

Overdue

Industry

26400
Manufacture of consumer electronics

Officers

Mr James Alexander Betts

director · Since 11/01/2023

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 46

Mr Christopher Kinslow

director · Since 11/01/2023

CFO

AMERICAN · UNITED STATES · Age 63

Mr Julian Peter Tunnicliffe

director · Since 01/06/2024

NON EXECUTIVE DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Also on 4 other boards

Persons with Significant Control

Former PSCs

Mr Gary Lilly

Ceased 11/01/2023

Mrs Maureen Atkins

Ceased 11/01/2023

Mr Robert Atkins

Ceased 11/01/2023

Datamation Systems, Inc.

Ceased 13/03/2026

Charges0 outstanding

Charge
satisfied

HSBC UK BANK PLC

Created 09/04/2020Registered 10/04/2020Satisfied 24/03/2025
Charge
satisfied

HSBC UK BANK PLC

Created 03/04/2020Registered 10/04/2020Satisfied 24/03/2025
charge
satisfied

HSBC BANK PLC

Created 04/10/2011Registered 06/10/2011Satisfied 24/03/2025
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 12/04/2011Registered 14/04/2011Satisfied 24/03/2025
charge
satisfied

MIDLAND BANK PLC

Created 15/05/1998Registered 20/05/1998Satisfied 04/01/2017
charge
satisfied

MIDLAND BANK PLC

Created 04/07/1995Registered 07/07/1995Satisfied 04/01/2017
charge
satisfied

FIRST FIDELITY BANK NA

Created 19/11/1993Registered 24/11/1993Satisfied 06/10/2000
charge
satisfied

FIRST FIDELITY BANK NA

Created 19/11/1993Registered 24/11/1993Satisfied 06/10/2000
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 17/01/1990Registered 24/01/1990Satisfied 06/10/2000

CompanyRankvs 59+ SIC 26400 peers
85

Financial strength94th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.94× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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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.

Liquidity16/20 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.

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

£530k

Balance sheet strength

Cash

£129k

Cash in the bank

Net Current Assets

£409k

Working capital

Current Assets

£842k

Current Liabilities

£433k

Fixed Assets

£162k

Debtors

£473k

17avg. employees+4

Balance Sheet

Assets less current liabilities£570k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.94+£11k
20232.01-£342k
20223.41-£150k
20213.68

Derived from filed accounts. Not audited figures.