Parm Group Ltd

Parm Group Ltd is a small, active company based in Goole, UK, founded four years ago in 2020. Employing just four people, the company holds £331,340 in assets and operates from a real address with four directors and two owners. It’s a family business that imports various natural fibers, paper yarn, and fabrics made from paper yarn, although import activity has been irregular, with the last recorded import occurring over two years ago.

The company’s website reveals a focus on sustainable drainage solutions, manufacturing pipes in Leeds and offering services like crop enhancement, research and development, and custom drainage system design. They emphasize eco-friendly practices, customer commitment, and a specialized expert team. Their website also highlights a focus on sustainable pipes that prevent soil blockage.

Financially, Parm Group Ltd presents a mixed picture. While cash bank holdings increased significantly by 170% to £210,000, current assets grew by a substantial 86% to £330,000, and trade debtors increased by 41%, there are concerning trends. Accumulated depreciation impairment property plant equipment has risen by 60%, and net current assets liabilities have decreased by 13%. Investment property fair value has also dropped by 22%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in accumulated depreciation and the decrease in investment property value suggest potential challenges. The company’s accounts are unaudited, and no auditor is mentioned. The company’s equity has also decreased, which is a worrying sign.

Registered in England/Wales under the registration number 12878616, with a registered address at DN14 7JY, England, Goole, Brind Leys, Newsholme.

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