Parcel Network Limited
04821298
Notable Risks
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Active insolvency proceedings (-20)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/07/2025
total exemption full
Next accounts due
30/04/2027
Confirmation statement
Last: 11/09/2025
Due 25/09/2026
Industry
Officers
Former
corporate nominee director · Resigned 04/07/2003
corporate nominee secretary · Resigned 04/07/2003
secretary · Resigned 12/10/2011
director · Resigned 01/10/2017
director · Resigned 10/02/2024
director · Resigned 10/05/2024
Persons with Significant Control
Mr Jagjit Singh Saran
British · England · Age 64
Yard 12b, Middlesex Business Centre, Southall, UB2 4AB
Notified 10/02/2024
Former PSCs
Mr Jagjit Singh Saran
Ceased 01/03/2019
Mr Aaron Singh Saran
Ceased 10/09/2023
Mrs Jaswinder Kaur
Ceased 10/09/2023
Mr Jagjit Saran
Ceased 10/02/2024
Charges2 outstanding
PARAGON BUSINESS FINANCE PLC
PARAGON BUSINESS FINANCE PLC
PARAGON BUSINESS FINANCE PLC
LLOYDS TSB COMMERCIAL FINANCE LIMITED
Insolvency History1 case
Costas Morfakis (practitioner) · Stephen Hunt (practitioner) · Kevin John Hellard (practitioner)
Change History
Active
Private Limited Company
YARD 12B MIDDLESEX BUSINESS CENTRE
SOUTHALL
CompanyRankvs 288+ SIC 53100 peers47
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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.
Risk deductions
Outstanding charges: -10 pts
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/07/2024
Net Worth
-£2k
Balance sheet strength
Cash
£332k
Cash in the bank
Net Current Assets
£349k
Working capital
Current Assets
£398k
Current Liabilities
£48k
Fixed Assets
£253k
Debtors
£66k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 8.24 | +£190k |
| 2023 | 0.76 | — |
Derived from filed accounts. Not audited figures.