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Parallel Projects Ltd

14372383

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 SHORTLANDS, LONDON, W6 8DA
Incorporated 23/09/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Joshua David Mitchell

director · Since 23/09/2022

COMPANY DIRECTOR

SOUTH AFRICAN · UNITED KINGDOM · Age 38

Mrs Georgia Mitchell

director · Since 19/02/2024

COMMERCIAL DIRECTOR

SWISS · ENGLAND · Age 37

Persons with Significant Control

Mr Joshua David Mitchell

75–100% shares
75–100% votes
Appoint directors

South African · United Kingdom · Age 38

3, Shortlands, London, W6 8DA

Notified 23/09/2022

Mrs Georgia Mitchell

25–50% shares

Swiss · England · Age 37

3, Shortlands, London, W6 8DA

Notified 29/04/2025

CompanyRankvs 20464+ SIC 43999 peers
61

Financial strength69th percentile among SIC peers · 17/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 2× · 16/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength17/25 pts

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

Employees9/15 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.

Longevity4/15 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 30/09/2024

Net Worth

£28k

Balance sheet strength

Cash

£43k

Cash in the bank

Net Current Assets

£22k

Working capital

Current Assets

£43k

Current Liabilities

£22k

Fixed Assets

£13k

2avg. employees+1

Balance Sheet

Assets less current liabilities£35k
Signed by Mr Josh Mitchell 08/01/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.00+£26k
20231.17—

Derived from filed accounts. Not audited figures.