# PARALLELE LINES LIMITED (02308758)

> PARALLELE LINES LIMITED is an active private limited company (company number 02308758) incorporated on 25 October 1988, registered in Chichester. Its registered activity is other holiday and other collective accommodation (SIC 55209). Latest micro accounts cover the period ending 31 October 2025, showing net assets of −£108k, with 2 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 39% on the prior period (−£78k).

- Status: Active
- Incorporated: 1988-10-25
- Registered office: Chichester, PO18 8RQ
- SIC 55209: Other holiday and other collective accommodation
- Next accounts due: 2027-07-31
- Confirmation statement due: 2026-11-08
- Accounts type: MICRO ENTITY

By net assets it sits in the bottom quarter of 137 comparable companies in Portsmouth (median £100, upper quartile £13k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-10-31 | −£108k | — | — | £1,141 | — | — | 2 |
| 2024-10-31 | −£78k | — | — | £2,131 | — | — | 2 |

current ratio 0.64; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-107,695 at 31 October 2025
- Net assets down 25% or more on the prior period: -38.6% vs prior period
- Current assets below creditors within one year: Current ratio 0.64
- Incorporated five or more years ago: Incorporated 25 October 1988

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mrs Margot Elizabeth Wheaton — owns 25–50% of shares, since 2016-04-06
- Mr Ian Hugh Morris — owns 25–50% of shares, since 2022-10-01

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02308758
HTML: https://firmoscan.com/company/02308758-parallele-lines-limited