Parallel Engineering Limited
12392289
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/02/2020
DIRECTOR
BRITISH · ENGLAND · Age 39
Also on 7 other boards
Persons with Significant Control
Mr Daniel Vincenzo Pavone
British · England · Age 39
23, Chantry Lane, Grimsby, DN31 2LP
Notified 21/07/2020
Former PSCs
Miss Carly Mccartney
Ceased 07/02/2020
Mr Daniel Vincenzo Pavone
Ceased 01/06/2020
Miss Carly Mccartney
Ceased 21/07/2020
CompanyRankvs 18413+ SIC 43999 peers62
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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.
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
£97k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£94k
Working capital
Current Assets
£276k
Current Liabilities
£182k
Fixed Assets
£34k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.51 | +£5k |
| 2023 | 1.61 | +£74k |
| 2022 | 1.09 | +£10k |
| 2021 | 1.29 | — |
Derived from filed accounts. Not audited figures.