FORCESHIFT (CONTRACTING) LIMITED Financials
- Company number
- 02438259CopyCopy
- Registered office
- Westville Waste Recycling Centre Westville, Frithville, Boston, Lincolnshire PE22 7HR
- Incorporated
- 31/10/1989
Company snapshot
- Status
- Active
- Employees
- 36 (2023)
- Latest financial data
- 2023
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
22.36%vs 20222022: £1.84M
Total Assets
20.21%vs 20222022: £2.94M
Cash in Bank
116.75%vs 20222022: £527.81K
Total Liabilities
30.69%vs 20222022: £418.92K
Employees
-2vs 20222022: 38
In 2023, FORCESHIFT (CONTRACTING) LIMITED reported net assets of £2.25M. The same filing shows total assets of £3.54M, cash in bank of £1.14M and total liabilities of £547.49K. Reported headcount was 36 in 2023. Cash in Bank rose from £527.81K in 2022 to £1.14M in 2023 (116.75%). 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
22.36%from £1.84M 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 FORCESHIFT (CONTRACTING) LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+58.7%vs 2021+26% a year compound (CAGR)
Cash in Bank
+102%vs 2021+42.1% a year compound (CAGR)
Total Assets
+32.3%vs 2021+15% a year compound (CAGR)
Total Liabilities
+3.2%vs 2021+1.6% a year compound (CAGR)
Employees
0%vs 2021Biggest increase
Cash in Bank+102%
£566.29K in 2021 to £1.14M in 2023
Every measure that changed in FORCESHIFT (CONTRACTING) LIMITED's filings between 2021 and 2023 rose. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets and total liabilities climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from FORCESHIFT (CONTRACTING) 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
- 63.45%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
- 15.47%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
- 208.96%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
- 32.32%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 FORCESHIFT (CONTRACTING) LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 1.41M | 1.84M | 2.25M |
| Total Assets£ | 2.68M | 2.94M | 3.54M |
| Cash in Bank£ | 566.29K | 527.81K | 1.14M |
| Total Liabilities£ | 530.43K | 418.92K | 547.49K |
| Employees | 36 | 38 | 36 |
FORCESHIFT (CONTRACTING) LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for FORCESHIFT (CONTRACTING) LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
FORCESHIFT (CONTRACTING) LIMITED reported net assets of £2.25M for 2023. That compares with £1.84M in 2022, a change of 22.36%.
FORCESHIFT (CONTRACTING) LIMITED reported total assets of £3.54M for 2023. That compares with £2.94M in 2022, a change of 20.21%.
FORCESHIFT (CONTRACTING) LIMITED reported cash in bank of £1.14M for 2023. That compares with £527.81K in 2022, a change of 116.75%.
FORCESHIFT (CONTRACTING) LIMITED reported 36 employees in 2023, compared with 38 in 2022.
Between 2021 and 2023, FORCESHIFT (CONTRACTING) LIMITED's net assets rose by 58.7%, cash in bank rose by 102%, total assets rose by 32.3% and total liabilities rose by 3.2%. Net assets compounded at 26% a year across the two years to 2023, from £1.41M to £2.25M. Reported headcount went from 36 in 2021 to 36 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.