Parapeak Ltd

Parapeak Ltd, based in London, UK, is a small, active company founded nine years ago. It employs just one person and holds £12,529 in assets, operating from a virtual address shared by many other businesses. The company is led by a single director and owner, Lennie David Davidson, and irregularly imports knitted or crocheted fabrics, with its last import activity recorded over two years ago. Its core business involves retail sale via mail order houses or via internet.

The company’s website, www.parapeak.com, features a clean design with a focus on "finding your peak," suggesting a brand centered around performance or personal achievement. It highlights products, contact information, and a support portal, typical of an e-commerce operation. While the site doesn't explicitly detail the product range, it implies a focus on activewear or outdoor gear, aligning with the "peak" theme.

Financially, Parapeak Ltd presents a mixed picture. While current assets increased slightly to £13,000, net assets remain negative at -£4,700, a slight improvement from the previous year. Cash reserves rose by a respectable 34% to £4,000, but trade debtors decreased significantly, suggesting potential difficulties in collecting payments. Creditors remained steady at £16,000, and bank borrowings are stable. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity indicates a need for careful financial management. No auditor is mentioned, consistent with its status as a small, exempt company.

The company's ongoing support from shareholders, as noted in the financial statements, is a positive sign. However, the negative equity and reliance on shareholder loans suggest Parapeak Ltd is burning through money, rather than generating consistent profit. It’s a delicate balance—the company needs to maintain its online presence and customer base while addressing its financial challenges.

Registered in England/Wales under the registration number 09978628, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street, Covent Garden.

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