GOVCONNECT LTD Financials
- Company number
- 09688781CopyCopy
- Registered office
- Building 44, Office F12 Europa Business Park, Bird Hall Lane, Stockport SK3 0XA
- Incorporated
- 16/07/2015
Company snapshot
- Status
- Active
- Employees
- 7 (2023)
- Latest financial data
- 2023
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
218.92%vs 20222022: £8.89K
Total Assets
-13.89%vs 20222022: £118.66K
Cash in Bank
First reported yearTotal Liabilities
-37.08%vs 20222022: £109.76K
Employees
0vs 20222022: 7
In 2023, GOVCONNECT LTD reported net assets of £28.36K. The same filing shows total assets of £102.18K, cash in bank of £34.64K and total liabilities of £69.07K. Reported headcount was 7 in 2023. Total Liabilities fell from £109.76K in 2022 to £69.07K in 2023 (-37.08%). 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
218.92%from £8.89K 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 GOVCONNECT LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
Increasedvs 2021Total Assets
-32.6%vs 2021-17.9% a year compound (CAGR)
Total Liabilities
-51.3%vs 2021-30.2% a year compound (CAGR)
Employees
-12.5%vs 2021-1Biggest decrease
Total Liabilities-51.3%
£141.89K in 2021 to £69.07K in 2023
GOVCONNECT LTD's filings pull in both directions between 2021 and 2023. The steepest fall came in total liabilities, pointing to lighter outstanding obligations, with total assets and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from GOVCONNECT 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
- 27.75%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
- 67.60%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
- 24.41%2021
- 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
- 22.84%2021
- 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 GOVCONNECT LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | -11.98K | 8.89K | 28.36K |
| Total Assets£ | 151.62K | 118.66K | 102.18K |
| Cash in Bank£ | 34.64K | – | – |
| Total Liabilities£ | 141.89K | 109.76K | 69.07K |
| Employees | 8 | 7 | 7 |
GOVCONNECT LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for GOVCONNECT LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
GOVCONNECT LTD reported net assets of £28.36K for 2023. That compares with £8.89K in 2022, a change of 218.92%.
GOVCONNECT LTD reported total assets of £102.18K for 2023. That compares with £118.66K in 2022, a change of -13.89%.
GOVCONNECT LTD reported cash in bank of £34.64K for 2021. There is no earlier filing to compare it against.
GOVCONNECT LTD reported 7 employees in 2023, compared with 7 in 2022.
Between 2021 and 2023, GOVCONNECT LTD's total assets fell by 32.6%, total liabilities fell by 51.3% and employee numbers fell by 12.5%. Total assets contracted at 17.9% a year across the two years to 2023, from £151.62K to £102.18K. Reported headcount went from 8 in 2021 to 7 in 2023 (-1).
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.