Parallel It Solutions Limited

Parallel It Solutions Limited, based in Bebington, UK, is a small, active company established 17 years ago. With two employees and £55,737 in assets, it operates from a real address and is overseen by three directors and two owners. The company’s activities span retail sales via mail order and internet, IT consultancy, and other IT services.

The company’s website highlights a focus on providing IT support and solutions to small and medium-sized businesses in the North West of England and North Wales. It offers services ranging from immediate help to long-term IT partnerships, emphasizing clear guidance and effective solutions. The site showcases a friendly, experienced team and a personal approach, promising to avoid jargon and provide reliable support. It also mentions testimonials and a commitment to quality IT services.

Financially, Parallel It Solutions Limited presents a mixed picture. Cash bank on hand increased by a healthy 19% to £45,000, while current assets rose by 29% to £56,000. However, trade debtors increased significantly by 100% to £10,000, suggesting potential delays in customer payments. Equity also saw a substantial increase of 170% to £21,000. Despite a rise in corporation tax payable, the company reported a 12% increase in profit loss, reaching £81,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in debtors warrants attention. The accounts are unaudited, likely due to the company’s small size and exemption from an audit.

Registered in England/Wales under the registration number 06393822, with a registered address at CH63 7QA, United Kingdom, Bebington, Wirral, 3 Toleman Avenue.

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