{"name":"PARALLEL UK LIMITED","company_number":"07016526","status":"Active","type":"Private Limited Company","incorporated":"2009-09-11","dissolved":null,"registered_office":"Parallel Uk Ltd C/O Fresh Hub Group Ltd Stephenson Avenue, Pinchbeck, Spalding, England, PE11 3SW","postcode":"PE11 3SW","sic_codes":[{"code":46310,"description":"Wholesale of fruit and vegetables"}],"principal_activity":"The principal activity of the company in the year under review was that of importing and supplying fresh produce to UK retailers, the Fresh Prepared Sector, Food Service and the Wholesale channels.","previous_names":[],"warnings":[],"accounts":{"category":"Full","year_end":"30 November","last_made_up_to":"2025-11-30","next_due":"2027-08-31"},"employees":{"count":0,"accounts_date":"2025-11-30"},"financials":[{"financial_date":"2025-11-30","turnover":79354665,"profit_loss":118923,"net_assets":3896297,"cash":66364,"average_employees":0},{"financial_date":"2024-11-30","turnover":74644557,"profit_loss":79550,"net_assets":3777374,"cash":3120371,"average_employees":0},{"financial_date":"2023-11-30","turnover":62614159,"net_assets":3697824,"cash":2740912},{"financial_date":"2022-11-30","turnover":59309307,"net_assets":3555836,"cash":2043443}],"officers":{"current":3,"resigned":4,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"PARALLEL UK Limited presents a mixed risk profile: the business demonstrates strong top-line growth and improving gross margins within a group-supported structure, but the dramatic collapse in cash reserves to £66K, combined with wafer-thin net margins of 0.2% and significant leverage, creates material solvency and liquidity concerns. The company's viability is heavily dependent on continuing access to working capital facilities and the financial support of its parent, Fresh Hub Group. Immediate investigation into the cash outflow, intercompany arrangements, and banking covenants is essential before any institutional commitment.","website":"http://www.paralleluk.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/parallel-uk","people":"https://www.companiesintheuk.co.uk/company/parallel-uk/people","filing_history":"https://www.companiesintheuk.co.uk/company/parallel-uk/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/07016526","financials":"https://www.companiesintheuk.co.uk/company/parallel-uk/financial","control":"https://www.companiesintheuk.co.uk/company/parallel-uk/control","charges":"https://www.companiesintheuk.co.uk/company/parallel-uk/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/parallel-uk/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/parallel-uk"}