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Parallel Corporation Ltd

15785655

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

PARALLEL HOUSE, SLOUGH, SL1 4UF
Incorporated 18/06/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Gavin James Auckland

director · Since 18/06/2024

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 4 other boards

Mr Paul Raymond Hutt

director · Since 25/07/2025

CHARTERED ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 46

Also on 7 other boards

Persons with Significant Control

Mr Gavin Auckland

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

British · United Kingdom · Age 46

Parallel House, 391 Edinburgh Avenue, Slough, SL1 4UF

Notified 18/06/2024

CompanyRankvs 28728+ SIC 64209 peers
36

Financial strength80th percentile among SIC peers · 20/25
Employees59th percentile among SIC peers · 9/15
LiquidityNo balance sheet data · 0/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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28728Parallel Corporation Ltd
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How is this score calculated?
Financial strength20/25 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.

Liquidity0/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity2/15 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.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

tion and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 31/12/2024

Net Worth

£435k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

—

Fixed Assets

£435k

1avg. employees

Balance Sheet

Assets less current liabilities£435k
Signed by Mr Gavin Auckland 28/09/2025Prepared with Acorah Software Products - Accounts Production