Parmley Technologies Limited

Parmley Technologies Limited, based in North Shields, UK, is a small, active company established 24 years ago. With 24 employees and £2,435,772 in assets, it operates from a real address and is led by one director and owner. The company regularly imports electrical machinery and equipment, with 13 months of import activity recorded.

The company’s website, infoparmley.co.uk, reveals a specialized focus: custom design and build for the defence industry. Parmley Technologies provides panels, PCBs, and harnesses, offering a full in-house manufacturing capability and even through-life support for its products. Certified to ISO 9001.2015 and Cyber Essentials accredited, its products are installed on a wide range of military vehicles, from the Boxer UK to the Redback in South Korea. The company's website states it is "in development," but it's clear that Parmley Technologies caters to a high-value, niche market.

Financially, Parmley Technologies shows a mixed picture. While cash reserves have plummeted 88%, dropping to just £43,000, debtors have increased by 15% to £340,000. Creditors have also decreased significantly, falling by 12% to £240,000. The company’s net assets remained stable at £1,800,000. Bank borrowings have also fluctuated, with overdrafts increasing by 110% to £120,000, while finance lease liabilities have decreased. The company’s small size—meeting two of three conditions for being a small company—helps it remain agile, but the decrease in cash reserves is a concern. As a small company, Parmley Technologies is exempt from an audit, so the financial data is unaudited.

The company's focus on the defence industry seems to be a strength, but the financial data suggests it's facing some challenges. Whether it can maintain its position in this demanding market remains to be seen.

Registered in England/Wales under the registration number 04048931, with a registered address at NE29 7UW, England, North Shields, Unit 1 Neptune Court, Orion Business Park.

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