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Parallel Design Solution Ltd

11816907

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

32 (BASEMENT), LONDON, W12 8LE
Incorporated 11/02/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71121
Engineering design activities for industrial process and production

Officers

Mr Mohammad Abbas

director · Since 11/02/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Mr Saman Abbas

director · Since 11/02/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 43

Also on 1 other board

Mr Joseph Barnett

director · Since 11/02/2019

DIRECTOR

SOUTH AFRICAN · UNITED KINGDOM · Age 43

Persons with Significant Control

Mr Mohammad Abbas

25–50% shares

British · United Kingdom · Age 41

47 Maven Court, 1 Sudbury Hill, Harrow, HA1 3SB

Notified 11/02/2019

Mr Saman Abbas

25–50% shares

British · United Kingdom · Age 43

47 Maven Court, 1 Sudbury Hill, Harrow, HA1 3SB

Notified 11/02/2019

Mr Joseph Barnett

25–50% shares

South African · United Kingdom · Age 43

47 Maven Court, 1 Sudbury Hill, Harrow, HA1 3SB

Notified 11/02/2019

CompanyRankvs 3864+ SIC 71121 peers
55

Financial strength73th percentile among SIC peers · 18/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio -1.59× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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3864Parallel Design Solution Ltd
53
How is this score calculated?
Financial strength18/25 pts

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

Employees13/15 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.

Longevity7/15 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 28/02/2025

Net Worth

£31k

Balance sheet strength

Cash

£18k

Cash in the bank

Net Current Assets

£29k

Working capital

Current Assets

£18k

Current Liabilities

-£11k

Fixed Assets

£2k

Debtors

£175

3avg. employees

Tax at Year End(2023)

Corp tax£12k
VAT£43

Director Loans(2023)

Company owes directors£499
Directors owe company£11k

Balance Sheet

Assets less current liabilities£31k
Signed by Mr Saman Abbas 18/02/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.59+£0—
20251.59-£15k—
20241.25-£6k—
202319.45—£860

Derived from filed accounts. Not audited figures.