CREDIT RESOURCE SOLUTIONS LIMITED Financials
- Company number
- 04690879Copy
Copy - Registered office
- G2 G Mill, Dean Clough Mills, Halifax, West Yorkshire HX3 5AX
- Incorporated
- 07/03/2003
Company snapshot
- Status
- Active
- Employees
- 86 (2023)
- Latest financial data
- 2023
- Accounts type
- Group
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-33.45%vs 20222022: £7.68M
Total Assets
-9.86%vs 20222022: £9.34M
Cash in Bank
701.29%vs 20222022: £667.37K
Total Liabilities
98.20%vs 20222022: £1.62M
Employees
+32vs 20222022: 54
In 2023, CREDIT RESOURCE SOLUTIONS LIMITED reported net assets of £5.11M. The same filing shows total assets of £8.42M, cash in bank of £5.35M and total liabilities of £3.21M. Reported headcount was 86 in 2023. Cash in Bank rose from £667.37K in 2022 to £5.35M in 2023 (701.29%). 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
-33.45%from £7.68M 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 CREDIT RESOURCE SOLUTIONS LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+3.9%vs 2021+1.9% a year compound (CAGR)
Cash in Bank
+27.1%vs 2021+12.7% a year compound (CAGR)
Total Assets
+28.7%vs 2021+13.4% a year compound (CAGR)
Total Liabilities
+106%vs 2021+43.6% a year compound (CAGR)
Employees
+59.3%vs 2021+32Biggest increase
Total Liabilities+106%
£1.56M in 2021 to £3.21M in 2023
Every indicator Okredo holds for CREDIT RESOURCE SOLUTIONS LIMITED rose between 2021 and 2023. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, with net assets, cash in bank, total assets and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from CREDIT RESOURCE SOLUTIONS 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
- 60.75%2023
- Liabilities to total assets
- 38.17%2023
- Cash to liabilities
- 166.47%2023
- Cash to total assets
- 63.55%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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 CREDIT RESOURCE SOLUTIONS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 4.92M | 7.68M | 5.11M |
| Total Assets£ | 6.54M | 9.34M | 8.42M |
| Cash in Bank£ | 4.21M | 667.37K | 5.35M |
| Total Liabilities£ | 1.56M | 1.62M | 3.21M |
| Employees | 54 | 54 | 86 |
CREDIT RESOURCE SOLUTIONS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has CREDIT RESOURCE SOLUTIONS LIMITED filed financial statements?
Yes. Okredo holds filed figures for CREDIT RESOURCE SOLUTIONS LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
What net assets did CREDIT RESOURCE SOLUTIONS LIMITED report in 2023?
CREDIT RESOURCE SOLUTIONS LIMITED reported net assets of £5.11M for 2023. That compares with £7.68M in 2022, a change of -33.45%.
What total assets did CREDIT RESOURCE SOLUTIONS LIMITED report in 2023?
CREDIT RESOURCE SOLUTIONS LIMITED reported total assets of £8.42M for 2023. That compares with £9.34M in 2022, a change of -9.86%.
What cash in bank did CREDIT RESOURCE SOLUTIONS LIMITED report in 2023?
CREDIT RESOURCE SOLUTIONS LIMITED reported cash in bank of £5.35M for 2023. That compares with £667.37K in 2022, a change of 701.29%.
How many people does CREDIT RESOURCE SOLUTIONS LIMITED employ?
CREDIT RESOURCE SOLUTIONS LIMITED reported 86 employees in 2023, compared with 54 in 2022.
How have CREDIT RESOURCE SOLUTIONS LIMITED financials changed over the last 3 years?
Between 2021 and 2023, CREDIT RESOURCE SOLUTIONS LIMITED's net assets rose by 3.9%, cash in bank rose by 27.1%, total assets rose by 28.7% and total liabilities rose by 106%. Net assets compounded at 1.9% a year across the two years to 2023, from £4.92M to £5.11M. Reported headcount went from 54 in 2021 to 86 in 2023 (+32).
Which years of CREDIT RESOURCE SOLUTIONS LIMITED financial data are available?
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.