Parallel Wealth Management Limited in Colchester, CO4 9RA

Description

Data updated on: 01-11-2023

The firm called Parallel Wealth Management was registered on 2017-03-27 as a Private Limited Company. The company's registered office can be contacted at Colchester on 7 Kings Court Newcomen Way, Severalls Industrial Park. In case you need to get in touch with this business by post, its area code is CO4 9RA. The office registration number for Parallel Wealth Management Limited is 10691842. The name of the firm got changed in 2021 to Parallel Wealth Management Limited. The firm previous registered name was Pape Wealth Management. The company's classified under the NACE and SIC code 66300 meaning Fund management activities. The firm's latest accounts detail the period up to 2022-03-31 and the latest annual confirmation statement was released on 2023-06-26.

As the data suggests, the limited company was founded in 2017-03-27 and has so far been overseen by five directors.

Previous company's names
Parallel Wealth Management Limited 2021-07-22
Pape Wealth Management Limited 2017-03-27

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency
Net Worth	100

Balance Sheet
Cash Bank On Hand		1 479			61 904
Current Assets		10 384	13 401	32 007	112 161	157 952
Debtors		8 905	13 401	32 007	50 257	157 952	144 883
Net Assets Liabilities		-9 065	-16 549	-44 814	-30 128	27 499	10 401
Other Debtors						1 866	39 993
Property Plant Equipment		1 534	1 150	1 645	2 723	112 590	92 498
Net Assets Liabilities Including Pension Asset Liability	100

Capital & Reserves
Shareholder Funds	100

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets		28 547	156 593	156 593	253 175	452 181	695 094
Accumulated Depreciation Impairment Property Plant Equipment		512	1 444	1 444	2 352	9 076	37 779
Acquired Through Business Combinations Property Plant Equipment				1 043
Additions Other Than Through Business Combinations Property Plant Equipment					1 986	116 591	8 611
Average Number Employees During Period				4	5	7	7
Bank Borrowings Overdrafts		228 715	700 184	708 806	723 721	1 892 783	1 596 274
Creditors		228 715	700 184	708 806	723 721	1 892 783	1 596 274
Dividends Paid On Shares			783 706	791 725
Fixed Assets		258 454	784 856	793 370	767 866	2 233 520	1 887 458
Increase From Amortisation Charge For Year Intangible Assets			33 214		96 582	199 006	248 587
Increase From Depreciation Charge For Year Property Plant Equipment			384		908	6 724	28 703
Intangible Assets		256 920	783 706	791 725	765 143	2 120 930	1 794 960
Intangible Assets Gross Cost		285 467	845 467	948 318	1 018 318	2 573 111	2 490 054
Net Current Assets Liabilities		-38 804	-101 221	-129 378	-124 273	-291 615	-256 826
Number Shares Issued Fully Paid			100	100
Other Creditors		3 585	2 758	29 773	43 801	99 159	5 277
Other Disposals Decrease In Amortisation Impairment Intangible Assets							5 674
Other Disposals Intangible Assets							90 777
Other Taxation Social Security Payable		17 103	15 653	38 007	38 480	70 936	122 362
Par Value Share	1		1	1
Property Plant Equipment Gross Cost		2 046	2 046	3 089	5 075	121 666	130 277
Provisions For Liabilities Balance Sheet Subtotal						21 623	23 957
Total Assets Less Current Liabilities		219 650	683 635	663 992	693 593	1 941 905	1 630 632
Trade Debtors Trade Receivables		8 905	13 401	32 007	50 257	156 086	104 890
Called Up Share Capital Not Paid Not Expressed As Current Asset	100
Number Shares Allotted	100
Share Capital Allotted Called Up Paid	100

Company staff

Cavan H.

Role: Director

Appointed: 01 April 2023

Latest update: 8 April 2024

Jonathan M.

Role: Director

Appointed: 11 June 2021

Latest update: 8 April 2024

Ione M.

Role: Director

Appointed: 11 June 2021

Latest update: 8 April 2024

Dominic P.

Role: Director

Appointed: 27 March 2017

Latest update: 8 April 2024

Erin P.

Role: Director

Appointed: 27 March 2017

Latest update: 8 April 2024

People with significant control

The companies that control the firm are as follows: Twenty4 Capital Limited owns 1/2 or less of company shares. This company can be reached in Colchester at De Grey Road, Severalls Industrial Park, CO4 5YQ, Essex and was registered as a PSC under the registration number 13057187. Green Arbour Capital Ltd owns 1/2 or less of company shares and has 1/2 or less of voting rights. This company can be reached in Cheltenham at Northleach, GL54 3JL and was registered as a PSC under the registration number 12455848.

Twenty4 Capital Limited

Address: 11 De Grey Square De Grey Road, Severalls Industrial Park, Colchester, Essex, CO4 5YQ, England

Legal authority Companies Act 2006

Legal form Limited Company

Country registered England

Place registered Register Of Companies

Registration number 13057187

Notified on 20 December 2020

Nature of control:

1/2 or less of shares

Green Arbour Capital Ltd

Address: 4 The Old Smokery Far Peak Northleach, Cheltenham, GL54 3JL, England

Legal authority Companies Act 2006

Legal form Limited Company

Country registered England

Place registered Register Of Companies

Registration number 12455848

Notified on 20 December 2020

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Dominic P.

Notified on 27 March 2017

Ceased on 20 December 2020

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 March 2022
Confirmation statement next due date	10 July 2024
Confirmation statement last made up date	26 June 2023

Annual Accounts 15 December 2017
Start Date For Period Covered By Report	2017-03-27
End Date For Period Covered By Report	2017-03-31
Date Approval Accounts	15 December 2017
Annual Accounts
Start Date For Period Covered By Report	2018-04-01
End Date For Period Covered By Report	2019-03-31
Annual Accounts
Start Date For Period Covered By Report	2019-04-01
End Date For Period Covered By Report	2020-03-31
Annual Accounts
Start Date For Period Covered By Report	2020-04-01
End Date For Period Covered By Report	2021-03-31
Annual Accounts
Start Date For Period Covered By Report	2021-04-01
End Date For Period Covered By Report	2022-03-31
Annual Accounts
Start Date For Period Covered By Report	2022-04-01
End Date For Period Covered By Report	2023-03-31

Parallel Wealth Management Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Cavan H.

Jonathan M.

Ione M.

Dominic P.

Erin P.

People with significant control

Twenty4 Capital Limited

Green Arbour Capital Ltd

Dominic P.

Accounts Documents

Company filings

Filing category

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