PARAYTEC LIMITED
Company number 05341664 · Monitor this company
Executive summary
Paraytec Limited presents a HIGH risk profile characterized by deep insolvency and a critical liquidity shortfall, with net liabilities of £1.5 million and cash reserves of just £2,322. The company's continuation as a going concern is entirely dependent on the ongoing financial support of its parent, Truetide plc, which has funded operations via repayable loans. While regulatory filings are current and product development continues, the business remains fundamentally unsustainable without external subsidy, necessitating close scrutiny of the parent company's capacity and willingness to provide continued funding.
Shareholders' funds
-£3,546,931
Balance sheet as at 2025-03-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2005-01-25
- Employees
- 2 (2025 accounts · was 3 in 2024)
- Registered office
- Old Linen Court, 83-85 Shambles Street, Barnsley, England, S70 2SB
- Postcode
- S70 2SB
- Capital
- 10,422 GBP
- Accounts category
- Total Exemption Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-03-31
- Next due by
- 2026-12-31
- Financial year end
- 31 March
Confirmation statement
- Last statement dated
- 2026-08-14
- Next due by
- 2027-08-28
Nature of business (SIC)
- 26511 Manufacture of electronic measuring, testing etc. equipment, not for industrial process control
Officers 5 current · 11 resigned
Group structure
Controlled by TRUETIDE PLC — since 2016-04-06
From persons-with-significant-control filings on the public register.
Contact details
- Website
- http://www.paraytec.co.uk
Previous registered addresses 3
| Address | Changed on |
|---|---|
| 1A ST GEORGES PLACE, TADCASTER ROAD, YORK, NORTH YORKSHIRE, YO24 1GN | 2011-03-09 |
| UNIVERSITY OF YORK, HESLINGTON, HALL, HESLINGTON, YORK, NORTH YORKSHIRE YO10 5DD | 2006-04-03 |
| 12 YORK PLACE, LEEDS, WEST YORKSHIRE, LS1 2DS | 2005-01-26 |
Competitors Sheffield
This company ranks 20 among manufacture of electronic measuring, testing etc. equipment, not for industrial process control in Sheffield.
The class of 2005
34%
of the 154,486 companies incorporated in 2005 are still active today; 63% have since been dissolved.
A fact about the year, not a forecast for this company.