BREAKWATER IT LIMITED Financials
- Company number
- 05401087CopyCopy
- Registered office
- 20 Meridian Way, Meridian Business Park, Norwich, Norfolk NR7 0TA
- Incorporated
- 22/03/2005
Company snapshot
- Status
- Active
- Employees
- 22 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
2.95K%vs 20222022: £6.69K
Total Assets
-6.06%vs 20212021: £624.68K
Cash in Bank
106.54%vs 20222022: £80.66K
Total Liabilities
-39.80%vs 20212021: £798.91K
Employees
0vs 20222022: 22
In 2023, BREAKWATER IT LIMITED reported net assets of £204.13K. The same filing shows total assets of £586.80K, cash in bank of £166.58K and total liabilities of £480.94K. Reported headcount was 22 in 2023. Total Liabilities fell from £798.91K in 2021 to £480.94K in 2022 (-39.80%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
2.95K%from £6.69K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures BREAKWATER IT LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
Increasedvs 2021Cash in Bank
+133%vs 2021+52.8% a year compound (CAGR)
Employees
-8.3%vs 2021-2Biggest increase
Cash in Bank+133%
£71.37K in 2021 to £166.58K in 2023
Biggest decrease
Employees-8.3%
24 in 2021 to 22 in 2023
BREAKWATER IT LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from BREAKWATER IT LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 1.14%2022
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 81.96%2022
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 16.77%2022
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 13.74%2022
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for BREAKWATER IT LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | -264.18K | 6.69K | 204.13K |
| Total Assets£ | 624.68K | 586.80K | – |
| Cash in Bank£ | 71.37K | 80.66K | 166.58K |
| Total Liabilities£ | 798.91K | 480.94K | – |
| Employees | 24 | 22 | 22 |
BREAKWATER IT LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for BREAKWATER IT LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
BREAKWATER IT LIMITED reported net assets of £204.13K for 2023. That compares with £6.69K in 2022, a change of 2.95K%.
BREAKWATER IT LIMITED reported total assets of £586.80K for 2022. That compares with £624.68K in 2021, a change of -6.06%.
BREAKWATER IT LIMITED reported cash in bank of £166.58K for 2023. That compares with £80.66K in 2022, a change of 106.54%.
BREAKWATER IT LIMITED reported 22 employees in 2023, compared with 22 in 2022.
Between 2021 and 2023, BREAKWATER IT LIMITED's cash in bank rose by 133% and employee numbers fell by 8.3%. Cash in bank compounded at 52.8% a year across the two years to 2023, from £71.37K to £166.58K. Reported headcount went from 24 in 2021 to 22 in 2023 (-2).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.