parallel electrical services limited
parallel electrical services limited Company Information
Company Number
04960851
Website
electriciansbroome.com.auRegistered Address
12 milton road, london, W7 1LF
Industry
Electrical installation
Telephone
-
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
barry harriott 100%
parallel electrical services limited Estimated Valuation
Pomanda estimates the enterprise value of PARALLEL ELECTRICAL SERVICES LIMITED at £29.1k based on a Turnover of £68.7k and 0.42x industry multiple (adjusted for size and gross margin).
parallel electrical services limited Estimated Valuation
Pomanda estimates the enterprise value of PARALLEL ELECTRICAL SERVICES LIMITED at £0 based on an EBITDA of £-15.9k and a 4.37x industry multiple (adjusted for size and gross margin).
parallel electrical services limited Estimated Valuation
Pomanda estimates the enterprise value of PARALLEL ELECTRICAL SERVICES LIMITED at £0 based on Net Assets of £-20.3k and 3.1x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Parallel Electrical Services Limited Overview
Parallel Electrical Services Limited is a live company located in london, W7 1LF with a Companies House number of 04960851. It operates in the electrical installation sector, SIC Code 43210. Founded in November 2003, it's largest shareholder is barry harriott with a 100% stake. Parallel Electrical Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £68.7k with declining growth in recent years.
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Parallel Electrical Services Limited Health Check
Pomanda's financial health check has awarded Parallel Electrical Services Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £68.7k, make it smaller than the average company (£838.8k)
- Parallel Electrical Services Limited
£838.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (8.4%)
- Parallel Electrical Services Limited
8.4% - Industry AVG
Production
with a gross margin of 16.5%, this company has a higher cost of product (25.1%)
- Parallel Electrical Services Limited
25.1% - Industry AVG
Profitability
an operating margin of -23.1% make it less profitable than the average company (6.6%)
- Parallel Electrical Services Limited
6.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
1 - Parallel Electrical Services Limited
12 - Industry AVG
Pay Structure
on an average salary of £42.4k, the company has an equivalent pay structure (£42.4k)
- Parallel Electrical Services Limited
£42.4k - Industry AVG
Efficiency
resulting in sales per employee of £68.7k, this is less efficient (£135.6k)
- Parallel Electrical Services Limited
£135.6k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (57 days)
- Parallel Electrical Services Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 160 days, this is slower than average (42 days)
- Parallel Electrical Services Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Parallel Electrical Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Parallel Electrical Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 268.4%, this is a higher level of debt than the average (61.2%)
268.4% - Parallel Electrical Services Limited
61.2% - Industry AVG
PARALLEL ELECTRICAL SERVICES LIMITED financials
Parallel Electrical Services Limited's latest turnover from November 2023 is estimated at £68.7 thousand and the company has net assets of -£20.3 thousand. According to their latest financial statements, Parallel Electrical Services Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 1 | 1 | 2 | 2 | 2 | 2 | 1 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,434 | 2,645 | 1,127 | 1,503 | 2,004 | 2,672 | 3,563 | 4,751 | 4,450 | 1,364 | 1,818 | 1,870 | 194 | 259 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,314 | 2,628 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,434 | 2,645 | 1,127 | 1,503 | 2,004 | 2,672 | 3,563 | 6,065 | 7,078 | 1,364 | 1,818 | 1,870 | 194 | 259 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,628 | 8,304 | 26,751 | 29,527 | 7,130 | 49 | 1,480 | 197 | 395 | 124 | 3,445 | 5,893 | 8,382 | 9,121 | 11,892 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 3,460 | 2,854 | 2,379 | 4,436 | 6,989 | 1,905 | 873 | 314 | 1,435 | 2,240 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,628 | 8,304 | 26,751 | 29,527 | 7,130 | 3,509 | 4,334 | 2,576 | 4,831 | 7,113 | 5,350 | 6,766 | 8,696 | 10,556 | 14,132 |
| total assets | 12,062 | 10,949 | 27,878 | 31,030 | 9,134 | 6,181 | 7,897 | 8,641 | 11,909 | 8,477 | 7,168 | 8,636 | 8,890 | 10,815 | 14,132 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 25,260 | 11,293 | 10,110 | 12,937 | 8,696 | 5,565 | 6,143 | 7,539 | 10,615 | 7,261 | 6,023 | 7,231 | 7,591 | 9,737 | 13,233 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 25,260 | 11,293 | 10,110 | 12,937 | 8,696 | 5,565 | 6,143 | 7,539 | 10,615 | 7,261 | 6,023 | 7,231 | 7,591 | 9,737 | 13,233 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 7,112 | 4,080 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 15,583 | 15,583 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 508 | 677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,112 | 4,080 | 15,583 | 15,583 | 0 | 508 | 677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 32,372 | 15,373 | 25,693 | 28,520 | 8,696 | 6,073 | 6,820 | 7,539 | 10,615 | 7,261 | 6,023 | 7,231 | 7,591 | 9,737 | 13,233 |
| net assets | -20,310 | -4,424 | 2,185 | 2,510 | 438 | 108 | 1,077 | 1,102 | 1,294 | 1,216 | 1,145 | 1,405 | 1,299 | 1,078 | 899 |
| total shareholders funds | -20,310 | -4,424 | 2,185 | 2,510 | 438 | 108 | 1,077 | 1,102 | 1,294 | 1,216 | 1,145 | 1,405 | 1,299 | 1,078 | 899 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 668 | 891 | 1,188 | 1,584 | 454 | 606 | 623 | 65 | 86 | 0 | |||||
| Amortisation | 0 | 0 | 1,314 | 1,314 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,324 | -18,447 | -2,776 | 22,397 | 7,081 | -1,431 | 1,283 | -198 | 271 | -3,321 | -2,448 | -2,489 | -739 | -2,771 | 11,892 |
| Creditors | 13,967 | 1,183 | -2,827 | 4,241 | 3,131 | -578 | -1,396 | -3,076 | 3,354 | 1,238 | -1,208 | -360 | -2,146 | -3,496 | 13,233 |
| Accruals and Deferred Income | 3,032 | 4,080 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -508 | -169 | 677 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -15,583 | 0 | 15,583 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | -3,460 | 606 | 475 | -2,057 | -2,553 | 5,084 | 1,032 | 559 | -1,121 | -805 | 2,240 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | -3,460 | 606 | 475 | -2,057 | -2,553 | 5,084 | 1,032 | 559 | -1,121 | -805 | 2,240 |
parallel electrical services limited Credit Report and Business Information
Parallel Electrical Services Limited Competitor Analysis
Perform a competitor analysis for parallel electrical services limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in W 7 area or any other competitors across 12 key performance metrics.
parallel electrical services limited Ownership
PARALLEL ELECTRICAL SERVICES LIMITED group structure
Parallel Electrical Services Limited has no subsidiary companies.
Ultimate parent company
PARALLEL ELECTRICAL SERVICES LIMITED
04960851
parallel electrical services limited directors
Parallel Electrical Services Limited currently has 2 directors. The longest serving directors include Mr Barry Harriott (Nov 2003) and Mrs Caroline Harriott (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Barry Harriott | 54 years | Nov 2003 | - | Director | |
| Mrs Caroline Harriott | 55 years | Dec 2019 | - | Director |
P&L
November 2023turnover
68.7k
+50%
operating profit
-15.9k
0%
gross margin
16.5%
-0.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-20.3k
+3.59%
total assets
12.1k
+0.1%
cash
0
0%
net assets
Total assets minus all liabilities
parallel electrical services limited company details
company number
04960851
Type
Private limited with Share Capital
industry
43210 - Electrical installation
incorporation date
November 2003
age
21
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
November 2023
address
12 milton road, london, W7 1LF
accountant
-
auditor
-
parallel electrical services limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to parallel electrical services limited.
parallel electrical services limited Companies House Filings - See Documents
| date | description | view/download |
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