PARITY NETWORK LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2026-05-19 (this month)
Last made up 2025-05-05
Watchouts
None on the register
Cash
£5K
-97.2% vs 2024
Net assets
£1M
+4.8% vs 2024
Employees
15
-40% vs 2024
Profit before tax
£55K
-88% vs 2024
Name history
Renamed 5 times since incorporation
- PARITY NETWORK LIMITED 2023-12-31 → present
- PARITY PROFESSIONALS LIMITED 2015-01-07 → 2023-12-31
- PARITY RESOURCES LIMITED 1998-06-11 → 2015-01-07
- CSS TRIDENT PLC. 1994-07-11 → 1998-06-11
- COMPUTER SEARCH AND SELECTION PUBLIC LIMITED COMPANY 1983-06-09 → 1994-07-11
- COMPUTER SEARCH (CONTRACTS) LIMITED 1981-02-05 → 1983-06-09
Net assets
2-year trend · vs Technology median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £39,176,000 | £19,382,000 | |
| Operating profit | -£767,000 | £55,000 | |
| Profit before tax | £459,000 | £55,000 | |
| Net profit | £367,000 | £48,000 | |
| Cash | £181,000 | £5,000 | |
| Total assets less current liabilities | — | — | |
| Net assets | £991,000 | £1,039,000 | |
| Equity | £991,000 | £1,039,000 | |
| Average employees | 25 | 15 | |
| Wages | £1,130,000 | £571,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | -2.0% | 0.3% | |
| Net margin | 0.9% | 0.2% | |
| Gearing (liabilities / total assets) | 84.1% | 61.8% | |
| Current ratio | 0.89x | 0.80x | |
| Interest cover | -0.68x | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- S & W Audit
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Company meets its day to day working capital requirements by utilising the credit facilities of Network Ventures Limited, its immediate parent undertaking. The Directors have received an undertaking from Network Ventures Limited that sufficient finance will be available, to meet obligations as they fall due in line with the Company's approved business plan for a period of not less than twelve months from the date of signature of these financial statements.”
Significant events
- “The principal risk and uncertainty facing the Company is that a portion of the Company's revenues are dependent on the award of framework agreements as an approved supplier. It is necessary to renew the framework agreements on a periodical basis. In addition the Company has several key clients who periodically seek to retender their contracts, the loss of any one of which would require the Company to consider actions to mitigate any reduction in income.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 46 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DUDLEY, Nigel | Secretary | 2023-12-08 | — | — |
| DAVIS, Paul Thomas | Director | 2023-12-08 | Apr 1973 | British |
| LARGE, Trevor | Director | 2023-12-08 | Jan 1974 | British |
Show 46 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANTONY, Roger Harold | Secretary | 2016-12-19 | 2020-01-30 |
| CHASE, Suzanne Gabrielle | Secretary | 2014-05-30 | 2016-12-19 |
| FIRTH, David Samuel Peter | Secretary | 2023-11-25 | 2023-12-08 |
| FIRTH, David Samuel Peter | Secretary | 1994-11-09 | 1999-08-31 |
| HARRIS, Christopher John | Secretary | 1993-01-13 | 1993-11-01 |
| KELLY, Joseph Patrick | Secretary | 2006-04-10 | 2007-05-17 |
| KETCHIN, Ian Malcolm | Secretary | 2007-05-17 | 2011-03-31 |
| LEAR, Andrew John | Secretary | 2021-09-22 | 2023-11-25 |
| LEYSHON, Alison Jane | Secretary | 1999-08-31 | 2005-07-29 |
| MOSS, Ronald Allen | Secretary | — | 1993-01-13 |
| REDHEAD, Kevin | Secretary | 2020-01-30 | 2021-09-22 |
| SIMMONDS, Stephen William | Secretary | 1993-11-01 | 1994-11-09 |
| WATKINSON, Ed | Secretary | 2005-07-29 | 2006-04-10 |
| WOOLLEY, Alastair John Lomond | Secretary | 2011-04-01 | 2014-05-30 |
| ANTONY, Roger Harold | Director | 2015-07-01 | 2020-06-30 |
| ASPINALL, Michael Stuart | Director | 2015-12-02 | 2016-04-22 |
| BACON, Richard John | Director | 2000-07-11 | 2003-08-05 |
| BAYFIELD, Matthew Anthony | Director | 2019-04-05 | 2021-06-09 |
| BRAUND, Mark Andrew | Director | 2021-06-09 | 2023-12-08 |
| BROWN, Isobel Alexandria | Director | 2022-02-21 | 2024-11-15 |
| DAVIES, Paul | Director | 2014-05-30 | 2015-11-04 |
| DAVIES, Paul | Director | 2010-09-20 | 2010-09-20 |
| DAVIES, Paul | Director | 2010-09-20 | 2010-09-20 |
| DAVIES, Paul | Director | 1994-03-16 | 1999-09-10 |
| HUGHES, John Llewellyn Mostyn | Director | 2005-07-29 | 2010-05-31 |
| JOHNS, Michael David | Director | 2020-06-30 | 2023-12-08 |
| JONES, William Anthony | Director | 1996-12-09 | 1998-01-31 |
| KELLY, Joseph Patrick | Director | 1998-07-01 | 2007-05-17 |
| KETCHIN, Ian Malcolm | Director | 2007-05-17 | 2011-03-31 |
| LEYSHON, Alison Jane | Director | 2003-02-04 | 2005-07-29 |
| LOVELACE, Stephen Bedsford Dunnine | Director | — | 1994-12-30 |
| MILLER, Ian Kenneth | Director | 2002-03-22 | 2004-11-30 |
| MOSS, Ronald Allen | Director | — | 1999-02-03 |
| O'DRISCOLL, Ian | Director | 2002-03-28 | 2003-04-27 |
| PYE, David | Director | 2000-08-29 | 2003-01-23 |
| ROMMEL, Alan David | Director | 2015-12-02 | 2019-04-05 |
| RYAN, Paul Joseph | Director | 1994-02-01 | 1998-02-13 |
| SANDERSON, David Stephen | Director | — | 2000-07-31 |
| SCOGGINS, Ian Maxwell | Director | 1993-11-01 | 1994-03-16 |
| SHARPE, William John Ashdown | Director | — | 1994-04-05 |
| SIMMONDS, Stephen William | Director | 1993-11-01 | 1999-08-02 |
| SWINSTEAD, Philip Edgar | Director | 2014-05-30 | 2015-11-04 |
| SWINSTEAD, Philip Edgar | Director | 2004-12-21 | 2006-02-13 |
| WAITE, Mervyn Arnold | Director | — | 1994-12-12 |
| WELCH, Alwyn Frank | Director | 2006-02-13 | 2010-05-31 |
| WOOLLEY, Alastair John Lomond | Director | 2011-04-01 | 2015-05-27 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Network Ventures Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-12-08 | Active |
| Parity Holdings Limited | Corporate entity | ownership-of-shares-75-to-100-percent-as-firm | 2016-04-06 | Ceased 2023-12-08 |
Filing timeline
Last 20 of 317 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-31 CERTNM Certificate change of name company PDF
- 2023-12-24 MA Memorandum articles
- 2023-12-24 RESOLUTIONS Resolution
- 2023-12-14 CC04 Statement of companys objects
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-12 | AA | accounts | Accounts with accounts type full | |
| 2025-12-29 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-06-18 | AA | accounts | Accounts with accounts type full | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2024-10-04 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-05-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-01-15 | AA | accounts | Accounts with accounts type audit exemption subsiduary | |
| 2024-01-15 | PARENT_ACC | accounts | Legacy | |
| 2024-01-15 | AGREEMENT2 | other | Legacy | |
| 2024-01-15 | GUARANTEE2 | other | Legacy | |
| 2024-01-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-01-05 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-31 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-12-24 | MA | incorporation | Memorandum articles | |
| 2023-12-24 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-15 | AA01 | accounts | Change account reference date company current extended | |
| 2023-12-14 | CC04 | change-of-constitution | Statement of companys objects | |
| 2023-12-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-12-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-50.5%
£39,176,000 £19,382,000
-
Cash
-97.2%
£181,000 £5,000
-
Net assets
+4.8%
£991,000 £1,039,000
-
Employees
-40%
25 15
-
Operating profit
+107.2%
-£767,000 £55,000
-
Profit before tax
-88%
£459,000 £55,000
-
Wages
-49.5%
£1,130,000 £571,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers