GLB DEVELOPMENT LTD Financials
- Company number
- 09583136CopyCopy
- Registered office
- 10 Defender Court, Sunderland Enterprise Park, Sunderland SR5 3PE
- Incorporated
- 09/05/2015
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
-148.13%vs 20222022: £13.13K
Total Assets
145.10%vs 20222022: £126.42K
Cash in Bank
-53.91%vs 20222022: £107.77K
Total Liabilities
183.01%vs 20222022: £111.06K
Employees
0vs 20222022: 8
In 2023, GLB DEVELOPMENT LTD reported net assets of £-6.32K. The same filing shows total assets of £309.85K, cash in bank of £49.67K and total liabilities of £314.31K. Reported headcount was 8 in 2023. Total Liabilities rose from £111.06K in 2022 to £314.31K in 2023 (183.01%). 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
-148.13%from £13.13K 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 GLB DEVELOPMENT LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-122%vs 2021Total Assets
+173%vs 2021+65.3% a year compound (CAGR)
Total Liabilities
+272%vs 2021+92.9% a year compound (CAGR)
Employees
0%vs 2021Biggest increase
Total Liabilities+272%
£84.43K in 2021 to £314.31K in 2023
Biggest decrease
Net Assets-122%
£29.06K in 2021 to £-6.32K in 2023
GLB DEVELOPMENT LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from GLB DEVELOPMENT 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
- -2.04%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
- 101.44%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
- 15.80%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
- 16.03%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 GLB DEVELOPMENT LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 29.06K | 13.13K | -6.32K |
| Total Assets£ | 113.39K | 126.42K | 309.85K |
| Cash in Bank£ | – | 107.77K | 49.67K |
| Total Liabilities£ | 84.43K | 111.06K | 314.31K |
| Employees | 8 | 8 | 8 |
GLB DEVELOPMENT LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for GLB DEVELOPMENT LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
GLB DEVELOPMENT LTD reported net assets of £-6.32K for 2023. That compares with £13.13K in 2022, a change of -148.13%.
GLB DEVELOPMENT LTD reported total assets of £309.85K for 2023. That compares with £126.42K in 2022, a change of 145.10%.
GLB DEVELOPMENT LTD reported cash in bank of £49.67K for 2023. That compares with £107.77K in 2022, a change of -53.91%.
GLB DEVELOPMENT LTD reported 8 employees in 2023, compared with 8 in 2022.
Between 2021 and 2023, GLB DEVELOPMENT LTD's net assets fell by 122%, total assets rose by 173%, total liabilities rose by 272% and employee numbers was unchanged. Total assets compounded at 65.3% a year across the two years to 2023, from £113.39K to £309.85K. Reported headcount went from 8 in 2021 to 8 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.