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Parmar Financial Services Limited

04927951

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)
  • Current liabilities exceed current assets (-10)

Details

HARWOODS HOUSE, ASHORNE, CV35 0AA
Incorporated 09/10/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66220
Activities of insurance agents and brokers

Officers

Pravina Parmar

secretary · Since 09/10/2003

BRITISH

Also on 1 other board

Mr Harshad Parmar

director · Since 09/10/2003

DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 7 other boards

Persons with Significant Control

Mr Harshad Parmar

Significant control
significant-influence-or-control-as-firm

British · England · Age 64

04927951 - Companies House Default Address, Cardiff, CF14 8LH

Notified 09/10/2016

Charges0 outstanding

charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 28/09/2006Registered 30/09/2006Satisfied 03/02/2023
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 08/08/2005Registered 25/08/2005Satisfied 07/02/2021
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 12/08/2005Registered 16/08/2005Satisfied 10/02/2021

CompanyRankvs 2214+ SIC 66220 peers
62

Financial strength86th percentile among SIC peers · 22/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.39× · 2/20
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 strength22/25 pts

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

Employees8/15 pts

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

Liquidity2/20 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

£229k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£163k

Working capital

Current Assets

£105k

Current Liabilities

£268k

Fixed Assets

£392k

2avg. employees

Balance Sheet

Assets less current liabilities£229k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.39+£49k
20230.22-£6k
20220.16-£1k
20210.22+£15k
20200.20+£38k
20190.13+£4k
20180.19

Derived from filed accounts. Not audited figures.