Company Overview
Parallel Wealth Management Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 27 March 2017, so this is a well established company. Parallel Wealth Management Limited has been in business for 9 years. The accounts status is total exemption full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

1-3 The Outlook Fox’S Marina, Ipswich, Suffolk, IP2 8NJ
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Companies House Data
Company NamePARALLEL WEALTH MANAGEMENT LIMITED
Company Number10691842
Registered Office Address1-3 The Outlook Fox’S Marina
 IP2 8NJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date27/03/2017
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date24/04/2018
Previous Company NameChanged Date
PAPE WEALTH MANAGEMENT LIMITED22 Jul 2021
Directors & Members
Show Resigned
Cavan Halley - Director
(British, 30 years old, born May 1996)
Appointed 01 April 2023
 Active
Dominic Pape - Director
(British, 38 years old, born April 1988)
Appointed 27 March 2017
 Active
Erin Pape - Director
(British, 37 years old, born July 1989)
Appointed 27 March 2017
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Cavan Halley
HALLEY CAPITAL LTD
Dominic Pape
AGE WELL EAST LTD
TWENTY4 CAPITAL LIMITED
Erin Pape
TWENTY4 CAPITAL LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Balance Sheet
Fixed Assets 2,233,520 2,233,520 767,866
Current Assets 157,952 157,952 112,161
Creditors Due Within One Year 449,567 449,567 186,434
Working Cap -291,615 -291,615 -74,273
Total Assets Less Current Liabilities 1,941,905 1,941,905 693,593
Long-term Liabilities 1,914,406 1,914,406 723,721
Net Assets 27,499 27,499 -30,128
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 27,499 27,499 -30,128
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Tangible Fixed Assets - - -
Fixed Assets 93.4% 93.4% 87.3%
Stocks Inventory - - -
Debtors 6.6% 6.6% 5.7%
Cash Bank In Hand 0.0% 0.0% 7.0%
Current Assets 6.6% 6.6% 12.7%
Creditors Due Within One Year 18.8% 18.8% 21.2%
Net Current Assets Liabilities -12.2% -12.2% -8.4%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 1.1% 1.1% -3.4%
Capital Employed - - -
Total Assets Less Current Liabilities 81.2% 81.2% 78.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Liquidity Ratio 0.4 0.4 0.6
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2022 31-Mar-2021
Assets 2,391,472 2,391,472 880,027
Debt 2,363,973 2,363,973 910,155
Net Assets/Debt 27,499 27,499 -30,128

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 21 January 2026 with updates
Previous accounting period extended from 31 March 2025 to 31 July 2025
Change of details for Parallel Wealth Management Group Limited as a person with significant control on 27 August 2025
Notification of Parallel Wealth Management Group Limited as a person with significant control on 25 July 2025
Cessation of Twenty4 Capital Limited as a person with significant control on 25 July 2025
Resolutions
Change of share class name or designation
Director's details changed for Mr Cavan Halley on 3 February 2025
Resolutions
Change of share class name or designation
Cessation of Green Arbour Capital Ltd as a person with significant control on 23 October 2024
Confirmation statement made on 21 January 2025 with updates
Termination of appointment of Ione Louise Mcmahon as a director on 23 October 2024
Termination of appointment of Jonathan Neil Mcmahon as a director on 23 October 2024
Registered office address changed from 11 De Grey Square De Grey Road Colchester Essex CO4 5YQ England to 1-3 the Outlook Fox’S Marina Ipswich Suffolk IP2 8NJ on 17 July 2024
Resolutions
Confirmation statement made on 3 June 2024 with updates
Director's details changed for Mr Cavan Halley on 8 January 2024
Change of details for Twenty4 Capital Limited as a person with significant control on 8 January 2024
Change of share class name or designation
Registered office address changed from 7 Kings Court Newcomen Way Severalls Industrial Park Colchester Essex CO4 9RA United Kingdom to 11 De Grey Square De Grey Road Colchester Essex CO4 5YQ on 8 January 2024
Confirmation statement made on 26 June 2023 with updates
Appointment of Mr Cavan Halley as a director on 1 April 2023
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