Parapharma Ltd

Parapharma Ltd is a small, active company registered in London, UK, founded two years ago in February 2023. It operates from a virtual address, with one director and one owner reported. The company meets the criteria for a small business, having a turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The business appears to operate across multiple sectors: non-specialised wholesale trade, retail sale of food in specialised stores, retail sale via mail order houses or via internet, and other retail sale in non-specialised stores. While no website is listed, this suggests a diverse approach to sales, potentially encompassing online, mail order, and brick-and-mortar channels.

Financially, Parapharma Ltd presents a concerning picture. Current assets have decreased, and net assets have fallen to -£4,700, indicating a negative equity position. Bank borrowings are not mentioned, but cash reserves are a meager £160. Creditors have remained steady at £4,800, and trade payables are also at £3,600. The company’s accounts are described as “filleted” and “unaudited,” and no auditor is listed—typical for small, exempt companies.

The lack of employees (zero reported) suggests a very lean operation, likely managed by the single director and owner, Aksu Halil Ibrahim. The negative equity position and low cash reserves are a cause for concern, potentially indicating that the company is burning through cash faster than it’s generating revenue. The reliance on creditors to manage operations could also be unsustainable in the long run. While the company's small size allows for agility, the financial data suggests it's facing significant challenges.

Registered in England/Wales under the registration number 14673583, with a registered address at N17 9QU, United Kingdom, London, 60 Millmead Business Centre, Mill Mead Road.

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