Parallax Studios Limited

Parallax Studios Limited is a small, active company located in London, UK, established 21 years ago in 2003. With two employees and £1,626,773 in assets, it’s a family business run by three directors and two owners, the Sinclair family. The company operates in several industries, including retail via mail order, publishing, and IT consultancy.

The company’s website, helloparallaxstudios.com, reveals a different story. Parallax Studios is a full-service preproduction studio based in Los Angeles, CA, specializing in previs, visual development, and virtual production for the film and entertainment industries. They work with major studios like Paramount, Warner Bros, and Netflix, and their projects include Transformers: Rise of the Beasts and Shazam! Fury of the Gods. They boast a “Trusted Partner’s Network” underscoring their security measures.

Financially, Parallax Studios Limited shows a mixed picture. Cash bank on hand has increased significantly by 50% to £1.5 million, while creditors have soared by 170% to £480,000. Current assets are up 48% to £1.6 million, and net assets have grown by 25% to £1.2 million. However, trade debtors have seen a dramatic decrease of 90%, suggesting potential issues with customer payments. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the increase in creditors and decrease in debtors warrants attention. There’s no auditor mentioned, so the figures are unaudited.

Overall, Parallax Studios Limited appears to be growing, but the increase in liabilities suggests it’s burning through cash faster than it’s bringing it in. Whether this is a temporary effect of expansion or a more concerning trend remains to be seen.

Registered in England/Wales under the registration number 04836281, with a registered address at N16 7BJ, London, 1 Norcott Road.

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