Parotec Solutions Limited

Parotec Solutions Ltd, based in Radcliffe, UK, is a small holding company with an active status, having been established 36 years ago in 1989. Employing 15 people, the company holds £757,691 in assets and operates from a real address shared by only one other business. Led by three directors and owned by one individual, Parotec Solutions is a regular importer of electrical machinery and equipment (96 months of import activity) and a regular exporter of machinery, boilers, and mechanical appliances; parts (27 months of export activity).

The company's website showcases a diverse range of services and products, primarily focused on case and foam solutions for IT equipment. It operates as a manufacturer and distributor, offering bespoke IT solutions, foam engineering, laser cutting, and custom foam inserts. They also represent several brands, including iNsync, Parotec, WAG, MAXCases, Underwater Kinetics, HPRC Cases, Explorer Cases, and Case and Foam Solutions. The site clearly targets businesses needing secure storage and transportation solutions for their devices.

Financially, Parotec Solutions Ltd presents a mixed picture. Current assets have fallen by 42%, dropping to £760,000, while net assets have experienced an even steeper decline, decreasing 40% to £520,000. Bank borrowings have vanished entirely, a positive sign, but cash reserves have plummeted 74%, leaving just £190,000. Trade debtors have increased significantly, by 110%, suggesting a possible shift in payment terms or increased sales on credit. The company's small size (meeting two of three criteria for being a small company) allows for flexibility, but the substantial drop in equity raises concerns about its long-term financial health. The unaudited financial statements, overseen by Haines Watts, don't provide a full picture, but the trends suggest a period of adjustment.

Registered in England/Wales under the registration number 02344308, with a registered address at M26 1GG, Radcliffe, Manchester, Unit C1 Europa Trading Estate, Europaway Stoneclough Road.

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