FACIT TESTING LIMITED Financials
- Company number
- 07409746CopyCopy
- Registered office
- Boundary225 Yarmouth Road, Norwich NR7 0SW
- Incorporated
- 15/10/2010
Company snapshot
- Status
- Active
- Employees
- 18 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
19.58%vs 20222022: £1.21M
Total Assets
-2.15%vs 20222022: £1.86M
Cash in Bank
18.40%vs 20222022: £422.20K
Total Liabilities
-46.24%vs 20222022: £540.24K
Employees
-1vs 20222022: 19
In 2023, FACIT TESTING LIMITED reported net assets of £1.44M. The same filing shows total assets of £1.82M, cash in bank of £499.89K and total liabilities of £290.42K. Reported headcount was 18 in 2023. Total Liabilities fell from £540.24K in 2022 to £290.42K in 2023 (-46.24%). 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
19.58%from £1.21M 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 FACIT TESTING LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+4%vs 2021+2% a year compound (CAGR)
Cash in Bank
+7.4%vs 2021+3.7% a year compound (CAGR)
Total Assets
-14.9%vs 2021-7.8% a year compound (CAGR)
Total Liabilities
-55.9%vs 2021-33.6% a year compound (CAGR)
Employees
0%vs 2021Biggest increase
Cash in Bank+7.4%
£465.30K in 2021 to £499.89K in 2023
Biggest decrease
Total Liabilities-55.9%
£658.93K in 2021 to £290.42K in 2023
FACIT TESTING 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 FACIT TESTING 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
- 79.38%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
- 15.96%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
- 172.13%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
- 27.47%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 FACIT TESTING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 1.39M | 1.21M | 1.44M |
| Total Assets£ | 2.14M | 1.86M | 1.82M |
| Cash in Bank£ | 465.30K | 422.20K | 499.89K |
| Total Liabilities£ | 658.93K | 540.24K | 290.42K |
| Employees | 18 | 19 | 18 |
FACIT TESTING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for FACIT TESTING LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
FACIT TESTING LIMITED reported net assets of £1.44M for 2023. That compares with £1.21M in 2022, a change of 19.58%.
FACIT TESTING LIMITED reported total assets of £1.82M for 2023. That compares with £1.86M in 2022, a change of -2.15%.
FACIT TESTING LIMITED reported cash in bank of £499.89K for 2023. That compares with £422.20K in 2022, a change of 18.40%.
FACIT TESTING LIMITED reported 18 employees in 2023, compared with 19 in 2022.
Between 2021 and 2023, FACIT TESTING LIMITED's net assets rose by 4%, cash in bank rose by 7.4%, total assets fell by 14.9% and total liabilities fell by 55.9%. Net assets compounded at 2% a year across the two years to 2023, from £1.39M to £1.44M. Reported headcount went from 18 in 2021 to 18 in 2023.
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.