PARALLEL PRECISION LIMITED
Company number 10404560 · Active · Lydney GL15 4EJ
PARALLEL PRECISION LIMITED is an active private limited company (company number 10404560) incorporated on 30 September 2016, registered in Lydney. Its registered activity is machining (SIC 25620). Latest small accounts cover the period ending 31 March 2026, showing net assets of £54k and cash of £62k, with 3 employees on average. Net assets fell 22% on the prior period (£69k). Across the last 3 periods on record the net-asset trend is volatile.
By net assets it sits in the upper half of 487 comparable companies in Other (median £38k, upper quartile £361k).
Key dates
- Incorporated
- 30 September 2016
- Next accounts due
- 31 December 2027 — in 439 days
- Confirmation statement due
- 14 October 2027 — in 361 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
Activity
- SIC 25620
- Machining
- Accounts type
- Total Exemption Full
- Size band
- Micro (Companies Act thresholds)
Financials — 3 periods on record, latest ending 31 March 2026
| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 March 2026 | £54k | £62k | £35k | £57k | — | — | 3 |
| 31 March 2025 | £69k | £81k | £13k | — | — | — | 3 |
| 31 March 2024 | £15k | £46k | £18k | — | — | — | 2 |
- Current ratio
- 1.88 — comfortable
- Cash per employee
- £21k
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
Firmoscan score: 85/100 (grade A)
- +10 Positive net assets — Net assets £53,705 at 2026-03-31
- +8 Comfortable liquidity — Current ratio 1.88
- +4 Cash reserves — Cash £61,870
- +5 Multi-year filing history — 3 periods on record
- +8 Established — Incorporated 2016-09-30 (10 years)
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice.
Ownership and control
- Mrs Susan Connor — owns 25–50% of shares; holds 25–50% of voting rights · since 29 September 2017
- Mr Elliott Reece James Staton — owns 25–50% of shares; holds 25–50% of voting rights · since 6 April 2020
- (persons with significant control statement) — · since 30 September 2016 · ceased 29 September 2017
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
Similar companies in the UK
Same activity (machining), closest in incorporation date.
- MWAM SPECIALIST ENGINEERS LIMITED — Scarborough, inc. Oct 2016
- VLAD CNC LIMITED — Norwich, inc. Sept 2016
- AVON ENGINEERING SERVICES LIMITED — Chippenham, inc. Sept 2016
- SHIWR LTD — Caernarfon, inc. Nov 2016
- SWEETMANS INTERIORS LIMITED — Boston, inc. Nov 2016
- OS REFINISH LTD. — Chesham, inc. Aug 2016
Reminders for PARALLEL PRECISION LIMITED
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.