PARALLEL SOUND LTD Financials
- Company number
- 14243429CopyCopy
- Registered office
- Harrison House Sheep Walk, Langford Road, Biggleswade, Bedfordshire SG18 9RB
- Incorporated
- 19/07/2022
Company snapshot
- Status
- Active
- Employees
- 6 (2025)
- Latest financial data
- 2025
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2023–2025.
Net Assets
-77.37%vs 20242024: £139.82K
Total Assets
-43.79%vs 20242024: £175.83K
Cash in Bank
First reported yearTotal Liabilities
86.59%vs 20242024: £36.01K
Employees
0vs 20242024: 6
In 2025, PARALLEL SOUND LTD reported net assets of £31.64K. The same filing shows total assets of £98.83K, cash in bank of £331.61K and total liabilities of £67.19K. Reported headcount was 6 in 2025. Net Assets fell from £139.82K in 2024 to £31.64K in 2025 (-77.37%). Okredo holds filed figures for 2023–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-77.37%from £139.82K in 2024Year-on-year change
Net Assets as filed for 2023–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures PARALLEL SOUND LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-85.2%vs 2023-61.5% a year compound (CAGR)
Total Assets
-74.5%vs 2023-49.5% a year compound (CAGR)
Total Liabilities
-57.2%vs 2023-34.5% a year compound (CAGR)
Employees
+50%vs 2023+2Biggest increase
Employees+50%
4 in 2023 to 6 in 2025
Biggest decrease
Net Assets-85.2%
£213.44K in 2023 to £31.64K in 2025
PARALLEL SOUND LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PARALLEL SOUND LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 32.02%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 67.98%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 211.45%2023
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 85.65%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for PARALLEL SOUND LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Assets£ | 213.44K | 139.82K | 31.64K |
| Total Assets£ | 387.15K | 175.83K | 98.83K |
| Cash in Bank£ | 331.61K | – | – |
| Total Liabilities£ | 156.83K | 36.01K | 67.19K |
| Employees | 4 | 6 | 6 |
PARALLEL SOUND LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PARALLEL SOUND LTD covering 2023–2025, across 5 reported indicators. The most recent reported year is 2025.
PARALLEL SOUND LTD reported net assets of £31.64K for 2025. That compares with £139.82K in 2024, a change of -77.37%.
PARALLEL SOUND LTD reported total assets of £98.83K for 2025. That compares with £175.83K in 2024, a change of -43.79%.
PARALLEL SOUND LTD reported cash in bank of £331.61K for 2023. There is no earlier filing to compare it against.
PARALLEL SOUND LTD reported 6 employees in 2025, compared with 6 in 2024.
Between 2023 and 2025, PARALLEL SOUND LTD's net assets fell by 85.2%, total assets fell by 74.5%, total liabilities fell by 57.2% and employee numbers rose by 50%. Net assets contracted at 61.5% a year across the two years to 2025, from £213.44K to £31.64K. Reported headcount went from 4 in 2023 to 6 in 2025 (+2).
Okredo holds reported figures for the years 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.