Parallax Plastics Limited

Parallax Plastics Ltd from Gunthorpe UK is a small, active company founded 12 years ago. With four employees and £533,728 in assets, it operates from a real address and is overseen by three directors and two owners. The company is an irregular importer of toys, games, and sports equipment (just one month of imports recorded in 2022), but a regular exporter of plastics and plastic products (15 months of exports, most recently in December 2024).

The company’s website is currently unavailable, so it’s difficult to determine the specifics of their operations beyond the import/export data. It’s likely they manufacture or process plastic products for various industries, given their name and the broad category of "plastics and plastic products" they export.

Financially, Parallax Plastics Ltd shows a mixed picture. Cash bank on hand has increased by a significant 36% to £420,000, a positive sign of improved liquidity. However, net assets have also increased by 7.3% to £290,000. Creditors have risen by 25% to £280,000, and trade debtors have decreased by 5% to £78,000. While the company's small size (meeting two of three conditions for being a small company) allows for agility, the increase in creditors suggests a need to manage short-term liabilities carefully. The company’s bank borrowings have increased by 13% to £220,000.

The company is exempt from an audit, so the financial statements are unaudited. Overall, Parallax Plastics Ltd appears to be a stable, albeit small, business navigating the challenges of import/export trade.

Registered in England/Wales under the registration number 08095784, with a registered address at NG14 7EX, Gunthorpe, Nottinghamshire, Glebe Farm, Peck Lane.

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