Parr Export Services Limited

Parr Export Services Ltd, based in Southport, UK, is a small, active company founded two years ago. With three employees and £626,546 in assets, it operates from a virtual address – a fact highlighted by the presence of 29 other companies registered at the same location. The company is led by two directors and two owners, although the owner list may not be exhaustive.

The company’s core business revolves around importing and exporting. It regularly imports iron or steel products, with four months of import activity recorded, and exports electrical machinery and equipment, boasting a substantial 127 months of export history. Its website details a commitment to sourcing quality products from around the world, catering to diverse markets including electrical contracting, engineering, and even the oil and gas industry. It appears to be a wholesale business, selling to other companies rather than directly to consumers, and doesn's appear to have an e-commerce presence.

Financially, Parr Export Services Ltd presents a mixed picture. Cash bank holdings have significantly decreased by 59%, dropping to £69,000, while debtors have increased by 22% to £460,000. Creditors have reduced by 19% to £430,000, which could indicate improved debt management. Despite these changes, net assets have only increased slightly by 3.2% to £110,000. The company meets the criteria to be considered a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no mention of an auditor, which is consistent with its status as a small, exempt company. The company's financial statements are unaudited.

While the business seems to be maintaining a steady flow of imports and exports, the decline in cash reserves and increase in debtors could signal a need for closer monitoring of working capital. The company’s reliance on a virtual address, while common, does raise questions about its operational infrastructure.

Registered in England/Wales under the registration number 14137364, with a registered address at PR9 0PR, England, Southport, Merseyside, 71/73 Hoghton Street.

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