Paravizion Ltd

Paravizion Ltd, based in Birkenhead, UK, is a small, active company established 29 years ago. With just two employees and £33,687 in assets, it operates from a virtual address, a detail flagged by the presence of fifteen other companies registered at the same location. The company is a family business, overseen by three directors and two owners, though the list of owners changed eight years ago.

Paravizion’s website reveals a specialized focus: providing virtual reality solutions for manufacturers and retailers. They aim to reduce risk, save money, and save time by offering services like concept pack testing, new product launches, rebrands, promotions, merchandising, and consumer research. Their solutions cater to various applications, from image capture to full store visualisations, and can be delivered as a turnkey service. The company’s website highlights a focus on “Retail Reality Solutions,” delivered via desktop, projection screens, or corporate visualisation caves.

Financially, Paravizion Ltd presents a mixed picture. Current assets have decreased significantly, dropping 34% to £34,000, and net assets have also declined, falling 8.1% to -£65,000. Bank borrowings have decreased by 16%, and cash reserves have increased by 5.2%. Trade debtors have plummeted by 75%, which could indicate improved collection practices, or a reduction in sales. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is a cause for concern. No auditor is mentioned, which is likely due to the company’s exemption as a small entity.

The company is an irregular importer, bringing in electrical machinery and equipment for one month in 2022, and an irregular exporter, with no export activity recorded for two months. While the business seems to be focused on VR solutions, the financial data suggests a company potentially burning through money, though it's hard to say for sure without more information.

Registered in England/Wales under the registration number 03171125, with a registered address at CH41 5LH, United Kingdom, Birkenhead, Merseyside, 1 Abbots Quay, Monks Ferry.

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