FARRA MARINE UK LTD Financials
- Company number
- NI682128CopyCopy
- Registered office
- 4 Kennedy Park, Killough, Downpatrick BT30 7RD
- Incorporated
- 06/09/2021
Company snapshot
- Status
- Active
- Employees
- 80 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2024.
Net Assets
-4.71%vs 20232023: £389.34K
Total Assets
85.57%vs 20232023: £632.20K
Cash in Bank
3.86%vs 20232023: £75.67K
Total Liabilities
212.62%vs 20232023: £241.90K
Employees
+23vs 20232023: 57
In 2024, FARRA MARINE UK LTD reported net assets of £370.99K. The same filing shows total assets of £1.17M, cash in bank of £78.60K and total liabilities of £756.22K. Reported headcount was 80 in 2024. Total Assets rose from £632.20K in 2023 to £1.17M in 2024 (85.57%). Okredo holds filed figures for 2022–2024; 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
-4.71%from £389.34K in 2023Year-on-year change
Net Assets as filed for 2022–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures FARRA MARINE UK LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+162%vs 2022+62% a year compound (CAGR)
Cash in Bank
+166%vs 2022+63% a year compound (CAGR)
Total Assets
+320%vs 2022+105% a year compound (CAGR)
Total Liabilities
+449%vs 2022+134% a year compound (CAGR)
Employees
+264%vs 2022+58Biggest increase
Total Liabilities+449%
£137.83K in 2022 to £756.22K in 2024
Every indicator Okredo holds for FARRA MARINE UK LTD rose between 2022 and 2024. 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 FARRA MARINE UK LTD'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
- 31.62%2024
- 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
- 64.46%2024
- 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
- 10.39%2024
- 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
- 6.70%2024
- 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 FARRA MARINE UK LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Assets£ | 141.39K | 389.34K | 370.99K |
| Total Assets£ | 279.21K | 632.20K | 1.17M |
| Cash in Bank£ | 29.59K | 75.67K | 78.60K |
| Total Liabilities£ | 137.83K | 241.90K | 756.22K |
| Employees | 22 | 57 | 80 |
FARRA MARINE UK LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for FARRA MARINE UK LTD covering 2022–2024, across 5 reported indicators. The most recent reported year is 2024.
FARRA MARINE UK LTD reported net assets of £370.99K for 2024. That compares with £389.34K in 2023, a change of -4.71%.
FARRA MARINE UK LTD reported total assets of £1.17M for 2024. That compares with £632.20K in 2023, a change of 85.57%.
FARRA MARINE UK LTD reported cash in bank of £78.60K for 2024. That compares with £75.67K in 2023, a change of 3.86%.
FARRA MARINE UK LTD reported 80 employees in 2024, compared with 57 in 2023.
Between 2022 and 2024, FARRA MARINE UK LTD's net assets rose by 162%, cash in bank rose by 166%, total assets rose by 320% and total liabilities rose by 449%. Net assets compounded at 62% a year across the two years to 2024, from £141.39K to £370.99K. Reported headcount went from 22 in 2022 to 80 in 2024 (+58).
Okredo holds reported figures for the years 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.