Parallel Uk Limited

Parallel UK Limited, based in Spalding, UK, is a sizable holding company with an active status, having been incorporated fifteen years ago in 2009. The company boasts significant assets, totaling £18,989,827, and generates substantial revenue, reaching £74,644,557 annually. With a real address and a Google rating of 4.0 based on two reviews, it operates with three directors and one owner. Parallel UK specialises in importing and exporting edible fruits and nuts, with a long history of both activities—315 months of imports and 26 months of exports.

The company's website paints a picture of a vertically integrated produce supplier, backed by extensive global production. They emphasize their expertise in sourcing and supplying high-quality fruit, catering to UK retailers with a focus on year-round availability and innovative categories. Their website details a broad product range, including grapes, citrus fruits, berries, melons, and vegetables, sourced from around the globe. Parallel UK’s website also highlights a commitment to sustainability and building relationships with growers.

Financially, Parallel UK Limited presents a mixed picture. While revenue has increased by 19%, net assets have decreased by 6.2%, and profit has fallen by 44%. Bank borrowings have surged by 59%, while creditors have increased by 20%. Cash reserves have decreased by 14%. The company’s significant assets and high revenue indicate a robust business, but the decrease in profit and cash reserves, alongside the increase in debt, suggest potential financial pressures. The lack of employees (zero reported) implies a lean operation, likely relying on external resources. With no auditor mentioned, the financial statements are unaudited. The company’s large size (meeting two of three criteria for a large company) suggests it’s navigating a competitive market, and the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 07016526, with a registered address at PE11 3SQ, Spalding, Lincolnshire, The Bungalow Northgate, Pinchbeck.

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