ELECTRO-MAG LIMITED Financials
- Company number
- 02812118CopyCopy
- Registered office
- The Barns, 42 Church Road, Tilney St. Lawrence, King's Lynn, Norfolk PE34 4QQ
- Incorporated
- 23/04/1993
Company snapshot
- Status
- Active
- Employees
- 8 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
2.36%vs 20222022: £263.00K
Total Assets
5.50%vs 20222022: £513.31K
Cash in Bank
-42.91%vs 20222022: £62.88K
Total Liabilities
8.15%vs 20222022: £180.46K
Employees
0vs 20222022: 8
In 2023, ELECTRO-MAG LIMITED reported net assets of £269.21K. The same filing shows total assets of £541.57K, cash in bank of £35.90K and total liabilities of £195.17K. Reported headcount was 8 in 2023. Total Assets rose from £513.31K in 2022 to £541.57K in 2023 (5.50%). 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
2.36%from £263.00K 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 ELECTRO-MAG LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-10.8%vs 2021-5.6% a year compound (CAGR)
Cash in Bank
+62%vs 2021+27.3% a year compound (CAGR)
Total Assets
-0.4%vs 2021-0.2% a year compound (CAGR)
Total Liabilities
+20%vs 2021+9.5% a year compound (CAGR)
Employees
-27.3%vs 2021-3Biggest increase
Cash in Bank+62%
£22.17K in 2021 to £35.90K in 2023
Biggest decrease
Employees-27.3%
11 in 2021 to 8 in 2023
ELECTRO-MAG 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 ELECTRO-MAG 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
- 49.71%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
- 36.04%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
- 18.39%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
- 6.63%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 ELECTRO-MAG LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 301.94K | 263.00K | 269.21K |
| Total Assets£ | 543.62K | 513.31K | 541.57K |
| Cash in Bank£ | 22.17K | 62.88K | 35.90K |
| Total Liabilities£ | 162.62K | 180.46K | 195.17K |
| Employees | 11 | 8 | 8 |
ELECTRO-MAG LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for ELECTRO-MAG LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
ELECTRO-MAG LIMITED reported net assets of £269.21K for 2023. That compares with £263.00K in 2022, a change of 2.36%.
ELECTRO-MAG LIMITED reported total assets of £541.57K for 2023. That compares with £513.31K in 2022, a change of 5.50%.
ELECTRO-MAG LIMITED reported cash in bank of £35.90K for 2023. That compares with £62.88K in 2022, a change of -42.91%.
ELECTRO-MAG LIMITED reported 8 employees in 2023, compared with 8 in 2022.
Between 2021 and 2023, ELECTRO-MAG LIMITED's net assets fell by 10.8%, cash in bank rose by 62%, total assets fell by 0.4% and total liabilities rose by 20%. Net assets contracted at 5.6% a year across the two years to 2023, from £301.94K to £269.21K. Reported headcount went from 11 in 2021 to 8 in 2023 (-3).
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.