COMIT FINANCIAL SYSTEMS UK LIMITED Financials
- Company number
- 04828352CopyCopy
- Registered office
- 35 Ballards Lane, London N3 1XW
- Incorporated
- 10/07/2003
Company snapshot
- Status
- Active
- Employees
- 19 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
21.83%vs 20222022: £7.55M
Total Assets
17.78%vs 20222022: £8.17M
Cash in Bank
73.92%vs 20222022: £2.37M
Total Liabilities
-49.35%vs 20222022: £454.06K
Employees
+3vs 20222022: 16
In 2023, COMIT FINANCIAL SYSTEMS UK LIMITED reported net assets of £9.19M. The same filing shows total assets of £9.62M, cash in bank of £4.12M and total liabilities of £229.97K. Reported headcount was 19 in 2023. Cash in Bank rose from £2.37M in 2022 to £4.12M in 2023 (73.92%). 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
21.83%from £7.55M 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 COMIT FINANCIAL SYSTEMS UK LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+56.6%vs 2021+25.1% a year compound (CAGR)
Cash in Bank
+114%vs 2021+46.2% a year compound (CAGR)
Total Assets
+49.4%vs 2021+22.2% a year compound (CAGR)
Total Liabilities
-57.6%vs 2021-34.9% a year compound (CAGR)
Employees
+90%vs 2021+9Biggest increase
Cash in Bank+114%
£1.93M in 2021 to £4.12M in 2023
Biggest decrease
Total Liabilities-57.6%
£542.54K in 2021 to £229.97K in 2023
COMIT FINANCIAL SYSTEMS UK 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 total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from COMIT FINANCIAL SYSTEMS UK 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
- 95.58%2023
- 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
- 2.39%2023
- 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
- 1,793.23%2023
- 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
- 42.87%2023
- 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 COMIT FINANCIAL SYSTEMS UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 5.87M | 7.55M | 9.19M |
| Total Assets£ | 6.44M | 8.17M | 9.62M |
| Cash in Bank£ | 1.93M | 2.37M | 4.12M |
| Total Liabilities£ | 542.54K | 454.06K | 229.97K |
| Employees | 10 | 16 | 19 |
COMIT FINANCIAL SYSTEMS UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for COMIT FINANCIAL SYSTEMS UK LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
COMIT FINANCIAL SYSTEMS UK LIMITED reported net assets of £9.19M for 2023. That compares with £7.55M in 2022, a change of 21.83%.
COMIT FINANCIAL SYSTEMS UK LIMITED reported total assets of £9.62M for 2023. That compares with £8.17M in 2022, a change of 17.78%.
COMIT FINANCIAL SYSTEMS UK LIMITED reported cash in bank of £4.12M for 2023. That compares with £2.37M in 2022, a change of 73.92%.
COMIT FINANCIAL SYSTEMS UK LIMITED reported 19 employees in 2023, compared with 16 in 2022.
Between 2021 and 2023, COMIT FINANCIAL SYSTEMS UK LIMITED's net assets rose by 56.6%, cash in bank rose by 114%, total assets rose by 49.4% and total liabilities fell by 57.6%. Net assets compounded at 25.1% a year across the two years to 2023, from £5.87M to £9.19M. Reported headcount went from 10 in 2021 to 19 in 2023 (+9).
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.