FIT CLOUD TECHNOLOGY LTD Financials
- Company number
- 07216878CopyCopy
- Registered office
- 1st Floor Central Square South, Orchard Street, Newcastle Upon Tyne NE1 3AZ
- Incorporated
- 08/04/2010
Company snapshot
- Status
- Active
- Employees
- 45 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-2.41%vs 20222022: £2.65M
Total Assets
-5.72%vs 20222022: £4.30M
Cash in Bank
-24.62%vs 20222022: £695.05K
Total Liabilities
-10.91%vs 20222022: £1.63M
Employees
+4vs 20222022: 41
In 2023, FIT CLOUD TECHNOLOGY LTD reported net assets of £2.58M. The same filing shows total assets of £4.06M, cash in bank of £523.90K and total liabilities of £1.46M. Reported headcount was 45 in 2023. Total Assets fell from £4.30M in 2022 to £4.06M in 2023 (-5.72%). 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
-2.41%from £2.65M 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 FIT CLOUD TECHNOLOGY LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+20%vs 2021+9.6% a year compound (CAGR)
Cash in Bank
-35.1%vs 2021-19.5% a year compound (CAGR)
Total Assets
+12.3%vs 2021+6% a year compound (CAGR)
Total Liabilities
+1%vs 2021+0.5% a year compound (CAGR)
Employees
+7.1%vs 2021+3Biggest increase
Net Assets+20%
£2.15M in 2021 to £2.58M in 2023
Biggest decrease
Cash in Bank-35.1%
£807.73K in 2021 to £523.90K in 2023
FIT CLOUD TECHNOLOGY LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from FIT CLOUD TECHNOLOGY 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
- 63.74%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
- 35.90%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
- 35.98%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
- 12.92%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 FIT CLOUD TECHNOLOGY LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 2.15M | 2.65M | 2.58M |
| Total Assets£ | 3.61M | 4.30M | 4.06M |
| Cash in Bank£ | 807.73K | 695.05K | 523.90K |
| Total Liabilities£ | 1.44M | 1.63M | 1.46M |
| Employees | 42 | 41 | 45 |
FIT CLOUD TECHNOLOGY LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for FIT CLOUD TECHNOLOGY LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
FIT CLOUD TECHNOLOGY LTD reported net assets of £2.58M for 2023. That compares with £2.65M in 2022, a change of -2.41%.
FIT CLOUD TECHNOLOGY LTD reported total assets of £4.06M for 2023. That compares with £4.30M in 2022, a change of -5.72%.
FIT CLOUD TECHNOLOGY LTD reported cash in bank of £523.90K for 2023. That compares with £695.05K in 2022, a change of -24.62%.
FIT CLOUD TECHNOLOGY LTD reported 45 employees in 2023, compared with 41 in 2022.
Between 2021 and 2023, FIT CLOUD TECHNOLOGY LTD's net assets rose by 20%, cash in bank fell by 35.1%, total assets rose by 12.3% and total liabilities rose by 1%. Net assets compounded at 9.6% a year across the two years to 2023, from £2.15M to £2.58M. Reported headcount went from 42 in 2021 to 45 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.