Parallax Digital Technologies Limited

Parallax Digital Technologies Ltd from Cramlington, UK, is a small, active company founded eight years ago. With a single employee and £151,189 in assets, it operates as a solo-founded venture led by one director and owner. The company runs an e-commerce site and maintains a 5.0 Google rating based on two reviews. It’s an irregular importer of electrical machinery and equipment, with just one month of imports recorded in the last year.

The company's website, while not provided, likely reflects its focus on digital technologies. It’s described as operating in the manufacture of computers and peripheral equipment, information technology consultancy, computer facilities management, and other IT services. This suggests a diverse range of digital solutions for businesses.

Financially, Parallax Digital Technologies Ltd presents a mixed picture. Current assets have fallen by a significant 37%, dropping to £150,000, while net assets have also declined by 32%, settling at £180,000. Bank cash has decreased by 28% to £64,000. Debtors have plummeted by 68%, which could be a positive sign of improved collections, or perhaps a slowdown in sales. Creditors have increased slightly by 2.9%, and the company’s equity has also decreased by 32%. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is common for small companies.

The decline in assets and equity could indicate that the company is reinvesting in its business, or perhaps facing some financial pressures. The decrease in debtors is a positive sign, but the overall trend suggests a need for careful financial management. It’s likely that the company is navigating the challenges of a competitive digital landscape, and its future success will depend on its ability to adapt and innovate.

Registered in England/Wales under the registration number 10314407, with a registered address at NE23 1XA, United Kingdom, Cramlington, Northumberland, 19 Unit 19, Endeavour Park, Baker Road, Nelson Park West.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.