Parhela Ltd

Parhela Ltd is a small, active company based in London, UK, founded five years ago in 2019. It has £118,344 in assets and employs a lean team of two directors and two owners. The company operates from a real address and is classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Parhela Ltd primarily imports knitted or crocheted fabrics, with a history of irregular imports spanning two months, and exports headgear and accessories, with one month of export activity.

The company’s website, PARHELA, positions itself as a purveyor of "luxury chillwear," offering a range of loungewear and personalisable clothing. It emphasizes responsible sourcing, craftsmanship, and a wide selection of currencies and regions, catering to a global customer base. The website showcases a diverse range of products, from hoodies and joggers to t-shirts and shorts, all available in various colours and sizes. The site also highlights its commitment to sustainability, with a pledge to use eco-friendly materials and packaging.

Financially, Parhela Ltd presents a mixed picture. Cash bank on hand has significantly decreased by 69%, falling to £6,500, while bank borrowings have increased to £580. Creditors have risen sharply, increasing by 22,000%, reaching £17,000. The company’s net assets have also declined, dropping by 41% to -£260,000. Despite these challenges, trade debtors have fallen by 37%, and fixed assets have decreased by 14%, suggesting some level of cost management. The company is exempt from an audit as a small company, and the financial statements are unaudited.

Overall, Parhela Ltd appears to be navigating a period of financial adjustment, balancing its commitment to luxury and sustainability with the pressures of a competitive market. The company’s focus on online retail and global reach suggests a potential for growth, but it will need to carefully manage its finances to ensure long-term success.

Registered in England/Wales under the registration number 12338333, with a registered address at W10 5JJ, England, London, Unit 22 Westbourne Studios, 242 Acklam Road.

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