CORRECT SERVICE LIMITED Financials
- Company number
- 04370422CopyCopy
- Registered office
- 470 Hucknall Road, Nottingham, Nottinghamshire NG5 1FX
- Incorporated
- 08/02/2002
Company snapshot
- Status
- Active
- Employees
- 14 (2025)
- Latest financial data
- 2025
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-7.34%vs 20242024: £166.15K
Total Assets
0.19%vs 20242024: £261.29K
Cash in Bank
12.23%vs 20242024: £125.89K
Total Liabilities
27.17%vs 20242024: £70.30K
Employees
0vs 20242024: 14
In 2025, CORRECT SERVICE LIMITED reported net assets of £153.96K. The same filing shows total assets of £261.79K, cash in bank of £141.30K and total liabilities of £89.39K. Reported headcount was 14 in 2025. Total Liabilities rose from £70.30K in 2024 to £89.39K in 2025 (27.17%). Okredo holds filed figures for 2021–2025; 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
-7.34%from £166.15K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures CORRECT SERVICE LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-31.4%vs 2023-17.2% a year compound (CAGR)
Cash in Bank
-32.3%vs 2023-17.7% a year compound (CAGR)
Total Assets
-30.8%vs 2023-16.8% a year compound (CAGR)
Total Liabilities
-26.5%vs 2023-14.3% a year compound (CAGR)
Employees
0%vs 2023Biggest decrease
Cash in Bank-32.3%
£208.57K in 2023 to £141.30K in 2025
Every measure that changed in CORRECT SERVICE LIMITED's filings between 2023 and 2025 fell. The steepest fall came in cash in bank, pointing to a tighter cash position, with net assets, total assets and total liabilities falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from CORRECT SERVICE 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
- 58.81%2025
- 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
- 34.15%2025
- 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
- 158.06%2025
- 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
- 53.97%2025
- 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 CORRECT SERVICE LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 210.48K | 226.79K | 224.48K | 166.15K | 153.96K |
| Total Assets£ | 378.38K | 432.25K | 378.18K | 261.29K | 261.79K |
| Cash in Bank£ | 246.69K | 310.13K | 208.57K | 125.89K | 141.30K |
| Total Liabilities£ | 156.55K | 196.96K | 121.68K | 70.30K | 89.39K |
| Employees | 12 | 13 | 14 | 14 | 14 |
CORRECT SERVICE LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for CORRECT SERVICE LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
CORRECT SERVICE LIMITED reported net assets of £153.96K for 2025. That compares with £166.15K in 2024, a change of -7.34%.
CORRECT SERVICE LIMITED reported total assets of £261.79K for 2025. That compares with £261.29K in 2024, a change of 0.19%.
CORRECT SERVICE LIMITED reported cash in bank of £141.30K for 2025. That compares with £125.89K in 2024, a change of 12.23%.
CORRECT SERVICE LIMITED reported 14 employees in 2025, compared with 14 in 2024.
Between 2023 and 2025, CORRECT SERVICE LIMITED's net assets fell by 31.4%, cash in bank fell by 32.3%, total assets fell by 30.8% and total liabilities fell by 26.5%. Net assets contracted at 17.2% a year across the two years to 2025, from £224.48K to £153.96K. Reported headcount went from 14 in 2023 to 14 in 2025.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.