Paritet Limited

Paritet Limited, based in London UK, is a small, active company founded just one year ago. With two employees and £117 in assets, it operates from a virtual address shared by over 1800 other companies, a fact that raises some eyebrows. The company is led by a single director and owner, Chernyshov Andriy. It’s classified as an irregular importer, primarily dealing with wood and wood products, with its last import operation recorded two months ago. The company operates in the agents involved in the sale of a variety of goods industries.

The company's website highlights its core business: the export deliveries of leaf wood in forms of cut and non-cut planks, specifically oak, beech, chestnut, pear, maple, and ash. It caters to sales markets and is a member of the Woodme Wood Trade Directory. The website also mentions twelve employees, a number that seems to contradict the two reported in the official company data. This discrepancy warrants further investigation.

Financially, Paritet Limited presents a concerning picture. While it’s a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity sits at a negative -£2,100, and net assets are also negative. Cash reserves are a meagre £120, and creditors are at £2,300. Bank borrowings aren’t mentioned, but the overall trend suggests the company is burning through money. The accounts are abridged and unaudited, and no auditor is listed, which is typical for small companies. The company's revenue recognition policy states that revenue is recognised when the company has transferred to the buyer the significant risks and rewards of ownership.

It’s clear that Paritet Limited is facing financial headwinds, despite its apparent activity in the wood export market. Whether the company can sustain its operations with such limited resources remains to be seen—though the discrepancy between the website's claim of twelve employees and the official report of two is a worrying sign.

Registered in England/Wales under the registration number 14917984, with a registered address at E1 0SG, England, London, 5 Brayford Square.

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