Parallel Parents Ltd
Registered name: PARALLEL PARENTS LTD
Part of Care Today/Parallel Parents Ltd groupParallel Parents Ltd made £15.4m revenue and £3.1m profit in the year to 30 Sep 2023.
Parallel Parents Ltd’s revenue grew 1% to £15.4m in the year to 30 Sep 2023, with £3.1m profit and 15 employees. The company is classified under “other social work activities without accommodation” and is based in Stockport; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Stockport, North West
- Age
- 24 yrs · since 2001
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Sep 2022 | 30 Sep 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £15.3m | £15.4m |
| Cost of sales | £8.1m | £7.7m |
| Gross profit | £7.2m | £7.6m |
| Operating profit | £4.8m | £3.7m |
| Profit before tax | £4.8m | £4m |
| Profit after tax | £3.9m | £3.1m |
| Profit (best available) | £3.9m | £3.1m |
| Employees (average) | 15 | 15 |
| Ratios | ||
| Profit margin | 25.3% | 20.4% |
| Gross margin | 46.9% | 49.6% |
| Revenue per employee | £1m | £1m |
| Profit per employee | £257k | £209k |
| Cash conversion | 79.7% | 0% |
| Growth (year on year) | ||
| Revenue growth | — | ▲0.7% |
| Profit growth | — | ▼18.8% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £23m | £21.4m |
| Net assets | £29.2m | £32.3m |
| Fixed assets | £6.1m | £7.9m |
| Current assets | £25.6m | £26.9m |
| Debtors | £938k | £668k |
| Deferred income | £1.1m | £1.1m |
| Cash from operations | £3.8m | −£1.6k |
| Source | Accounts · bulk data Jun 2024 | Accounts · bulk data Jun 2024 |
How the business works
- Profit margin
- 20.4%
- Profit ÷ revenue.
- Gross margin
- 49.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1m
- Revenue ÷ average employees.
- Profit per employee
- £209k
- Profit ÷ average employees.
- Cash conversion
- 0%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 51.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 7%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 4.3%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲11%
- Now £32.3m
- Cash at bank
- ▼7%
- Now £21.4m
- Headcount
- 0%
- Now 15
- Deferred income
- ▼2%
- Now £1.1m
- Fixed assets
- ▲31%
- Now £7.9m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Care Today/Parallel Parents Ltdultimate parent75–100%
- Parallel Parents Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (4)
- Car Surgery Consultancy LtdFigures not disclosed
- Care Today (Childrens Services) LtdFigures not disclosed
- Care Today (Disability Services) LtdFigures not disclosed
- Training to Care LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 30 Sep 2023 (profit £3.1m), from the Companies House accounts bulk data published Jun 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.