DIRECT TOOL COMPANY LIMITED Financials
- Company number
- 06728232CopyCopy
- Registered office
- Castlehill Business Park Flexford Road, North Baddesley, Southampton, Hampshire SO52 9DF
- Incorporated
- 20/10/2008
Company snapshot
- Status
- Active
- Employees
- 48 (2023)
- Latest financial data
- 2023
- Accounts type
- Medium
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
227.73%vs 20222022: £398.76K
Total Assets
86.24%vs 20222022: £4.97M
Cash in Bank
31.65%vs 20222022: £1.87M
Total Liabilities
73.89%vs 20222022: £4.57M
Employees
+3vs 20222022: 45
In 2023, DIRECT TOOL COMPANY LIMITED reported net assets of £1.31M. The same filing shows total assets of £9.25M, cash in bank of £2.46M and total liabilities of £7.94M. Reported headcount was 48 in 2023. Total Assets rose from £4.97M in 2022 to £9.25M in 2023 (86.24%). 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
227.73%from £398.76K 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 DIRECT TOOL COMPANY LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+273%vs 2021+93.2% a year compound (CAGR)
Cash in Bank
+307%vs 2021+102% a year compound (CAGR)
Total Assets
+49.3%vs 2021+22.2% a year compound (CAGR)
Total Liabilities
+35.8%vs 2021+16.6% a year compound (CAGR)
Employees
+29.7%vs 2021+11Biggest increase
Cash in Bank+307%
£603.20K in 2021 to £2.46M in 2023
Every indicator Okredo holds for DIRECT TOOL COMPANY LIMITED rose between 2021 and 2023. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from DIRECT TOOL COMPANY 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
- 14.13%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
- 85.87%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
- 30.94%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
- 26.57%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 DIRECT TOOL COMPANY LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 350.00K | 398.76K | 1.31M |
| Total Assets£ | 6.20M | 4.97M | 9.25M |
| Cash in Bank£ | 603.20K | 1.87M | 2.46M |
| Total Liabilities£ | 5.85M | 4.57M | 7.94M |
| Employees | 37 | 45 | 48 |
DIRECT TOOL COMPANY LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for DIRECT TOOL COMPANY LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
DIRECT TOOL COMPANY LIMITED reported net assets of £1.31M for 2023. That compares with £398.76K in 2022, a change of 227.73%.
DIRECT TOOL COMPANY LIMITED reported total assets of £9.25M for 2023. That compares with £4.97M in 2022, a change of 86.24%.
DIRECT TOOL COMPANY LIMITED reported cash in bank of £2.46M for 2023. That compares with £1.87M in 2022, a change of 31.65%.
DIRECT TOOL COMPANY LIMITED reported 48 employees in 2023, compared with 45 in 2022.
Between 2021 and 2023, DIRECT TOOL COMPANY LIMITED's net assets rose by 273%, cash in bank rose by 307%, total assets rose by 49.3% and total liabilities rose by 35.8%. Net assets compounded at 93.2% a year across the two years to 2023, from £350.00K to £1.31M. Reported headcount went from 37 in 2021 to 48 in 2023 (+11).
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.