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Parallel It Solutions Limited

06393822

active
Private Limited Company
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

3 TOLEMAN AVENUE, BEBINGTON, CH63 7QA
Incorporated 09/10/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47910
Retail sale via mail order houses or via Internet
62020
Information technology consultancy activities
62090
Other information technology service activities

Officers

Mr Christopher James Edwards

secretary · Since 09/10/2007

BUSINESS MANAGER

BRITISH · ENGLAND · Age 49

Also on 1 other board

Mr Christopher James Edwards

director · Since 09/10/2007

BUSINESS MANAGER

BRITISH · UNITED KINGDOM · Age 49

Also on 1 other board

Mr Andrew Paul Miller

director · Since 09/10/2007

BUSINESS MANAGER

BRITISH · UNITED KINGDOM · Age 49

Persons with Significant Control

Mr Christopher James Edwards

25–50% shares

British · United Kingdom · Age 49

3 Toleman Avenue, Bebington, CH63 7QA

Notified 06/04/2016

Mr Andrew Paul Miller

25–50% shares

British · United Kingdom · Age 49

3 Toleman Avenue, Bebington, CH63 7QA

Notified 06/04/2016

CompanyRankvs 3994+ SIC 47910 peers
81

Financial strength90th percentile among SIC peers · 23/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 1.68× · 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 strength23/25 pts

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

Employees12/15 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

£36k

Balance sheet strength

Cash

£57k

Cash in the bank

Net Current Assets

£33k

Working capital

Current Assets

£82k

Current Liabilities

£49k

Fixed Assets

£3k

Debtors

£25k

Profit After Tax

£81k

2avg. employees

Tax at Year End

Corp tax£32k
Dividends paid£74k

Balance Sheet

Assets less current liabilities£36k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.68+£15k
20231.56+£7k
20221.41+£6k
20211.28-£2k
20201.41
20190.93
20181.07

Derived from filed accounts. Not audited figures.