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Parallel.Net Limited

03073313

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

8 HURLINGHAM BUSINESS PARK, FULHAM, SW6 3DU
Incorporated 28/06/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

58190
Other publishing activities

Officers

Mr Christos Markou

director · Since 28/06/1995

COMPANY DIRECTOR

GREEK · AUSTRALIA · Age 60

Also on 2 other boards

Mrs Gabriela Markou

director · Since 08/07/2020

DIRECTOR

HUNGARIAN · AUSTRALIA · Age 46

Also on 2 other boards

Persons with Significant Control

Mr Christos Markou

25–50% shares
25–50% votes

Greek · Australia · Age 60

8 Hurlingham Business Park, Fulham, SW6 3DU

Notified 15/08/2016

Mrs Gabriela Markou

25–50% shares
25–50% votes

Hungarian · Australia · Age 46

8 Hurlingham Business Park, Fulham, SW6 3DU

Notified 08/07/2020

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 18/02/2022Registered 28/02/2022
charge
satisfied

MIDLAND BANK PLC

Created 03/08/1995Registered 10/08/1995Satisfied 07/02/2022

CompanyRankvs 18+ SIC 58190 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 4.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/08/2024

Net Worth

£1.4M

Balance sheet strength

Cash

£182k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£1.7M

Current Liabilities

£414k

Fixed Assets

£90k

Debtors

£1.5M

Profit After Tax

£416k

27avg. employees+1

Tax at Year End

Dividends paid£68k

Balance Sheet

Assets less current liabilities£1.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20244.13+£348k
20233.98-£38k
20223.08+£310k
20212.45+£422k
20202.15+£55k
20192.78—

Derived from filed accounts. Not audited figures.