PARALLEL WIRELESS UK LIMITED Financials
- Company number
- 08738456Copy
Copy - Registered office
- Sandhurst House, 297 Yorktown Road, Sandhurst, Berkshire GU47 0QA
- Incorporated
- 18/10/2013
Company snapshot
- Status
- Active
- Employees
- 53 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
28.30%vs 20232023: £1.75M
Total Assets
18.95%vs 20232023: £3.18M
Cash in Bank
181.68%vs 20232023: £161.08K
Total Liabilities
13.75%vs 20232023: £1.18M
Employees
+14vs 20232023: 39
In 2024, PARALLEL WIRELESS UK LIMITED reported net assets of £2.24M. The same filing shows total assets of £3.78M, cash in bank of £453.73K and total liabilities of £1.34M. Reported headcount was 53 in 2024. Total Assets rose from £3.18M in 2023 to £3.78M in 2024 (18.95%). Okredo holds filed figures for 2021–2024; 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
28.30%from £1.75M in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures PARALLEL WIRELESS UK LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+47.3%vs 2022+21.4% a year compound (CAGR)
Cash in Bank
+345%vs 2022+111% a year compound (CAGR)
Total Assets
+26.1%vs 2022+12.3% a year compound (CAGR)
Total Liabilities
+29.7%vs 2022+13.9% a year compound (CAGR)
Employees
+20.5%vs 2022+9Biggest increase
Cash in Bank+345%
£102.00K in 2022 to £453.73K in 2024
Every indicator Okredo holds for PARALLEL WIRELESS UK LIMITED rose between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PARALLEL WIRELESS UK LIMITED'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
- 59.36%2024
- Liabilities to total assets
- 35.42%2024
- Cash to liabilities
- 33.87%2024
- Cash to total assets
- 12.00%2024
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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 WIRELESS UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 1.07M | 1.52M | 1.75M | 2.24M |
| Total Assets£ | 2.37M | 3.00M | 3.18M | 3.78M |
| Cash in Bank£ | 161.65K | 102.00K | 161.08K | 453.73K |
| Total Liabilities£ | 768.86K | 1.03M | 1.18M | 1.34M |
| Employees | 35 | 44 | 39 | 53 |
PARALLEL WIRELESS UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has PARALLEL WIRELESS UK LIMITED filed financial statements?
Yes. Okredo holds filed figures for PARALLEL WIRELESS UK LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did PARALLEL WIRELESS UK LIMITED report in 2024?
PARALLEL WIRELESS UK LIMITED reported net assets of £2.24M for 2024. That compares with £1.75M in 2023, a change of 28.30%.
What total assets did PARALLEL WIRELESS UK LIMITED report in 2024?
PARALLEL WIRELESS UK LIMITED reported total assets of £3.78M for 2024. That compares with £3.18M in 2023, a change of 18.95%.
What cash in bank did PARALLEL WIRELESS UK LIMITED report in 2024?
PARALLEL WIRELESS UK LIMITED reported cash in bank of £453.73K for 2024. That compares with £161.08K in 2023, a change of 181.68%.
How many people does PARALLEL WIRELESS UK LIMITED employ?
PARALLEL WIRELESS UK LIMITED reported 53 employees in 2024, compared with 39 in 2023.
How have PARALLEL WIRELESS UK LIMITED financials changed over the last 3 years?
Between 2022 and 2024, PARALLEL WIRELESS UK LIMITED's net assets rose by 47.3%, cash in bank rose by 345%, total assets rose by 26.1% and total liabilities rose by 29.7%. Net assets compounded at 21.4% a year across the two years to 2024, from £1.52M to £2.24M. Reported headcount went from 44 in 2022 to 53 in 2024 (+9).
Which years of PARALLEL WIRELESS UK LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.