GOVTECH SOLUTIONS LIMITED Financials
- Company number
- 06841737CopyCopy
- Registered office
- Suite 203, Bedford Heights Brickhill Drive, Bedford, Bedfordshire MK41 7PH
- Incorporated
- 10/03/2009
Company snapshot
- Status
- Active
- Employees
- 40 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
29.33%vs 20232023: £567.89K
Total Assets
16.84%vs 20232023: £2.65M
Cash in Bank
16.20%vs 20232023: £990.79K
Total Liabilities
13.35%vs 20232023: £2.06M
Employees
+2vs 20232023: 38
In 2024, GOVTECH SOLUTIONS LIMITED reported net assets of £734.46K. The same filing shows total assets of £3.10M, cash in bank of £1.15M and total liabilities of £2.33M. Reported headcount was 40 in 2024. Total Assets rose from £2.65M in 2023 to £3.10M in 2024 (16.84%). Okredo holds filed figures for 2021–2024; 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
29.33%from £567.89K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures GOVTECH SOLUTIONS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+55.5%vs 2022+24.7% a year compound (CAGR)
Cash in Bank
+104%vs 2022+42.9% a year compound (CAGR)
Total Assets
+41.3%vs 2022+18.9% a year compound (CAGR)
Total Liabilities
+38.6%vs 2022+17.7% a year compound (CAGR)
Employees
+11.1%vs 2022+4Biggest increase
Cash in Bank+104%
£563.90K in 2022 to £1.15M in 2024
Every indicator Okredo holds for GOVTECH SOLUTIONS LIMITED rose between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from GOVTECH SOLUTIONS 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
- 23.72%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
- 75.37%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
- 49.33%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
- 37.18%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 GOVTECH SOLUTIONS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 458.61K | 472.41K | 567.89K | 734.46K |
| Total Assets£ | 2.00M | 2.19M | 2.65M | 3.10M |
| Cash in Bank£ | 519.78K | 563.90K | 990.79K | 1.15M |
| Total Liabilities£ | 1.49M | 1.68M | 2.06M | 2.33M |
| Employees | 32 | 36 | 38 | 40 |
GOVTECH SOLUTIONS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for GOVTECH SOLUTIONS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
GOVTECH SOLUTIONS LIMITED reported net assets of £734.46K for 2024. That compares with £567.89K in 2023, a change of 29.33%.
GOVTECH SOLUTIONS LIMITED reported total assets of £3.10M for 2024. That compares with £2.65M in 2023, a change of 16.84%.
GOVTECH SOLUTIONS LIMITED reported cash in bank of £1.15M for 2024. That compares with £990.79K in 2023, a change of 16.20%.
GOVTECH SOLUTIONS LIMITED reported 40 employees in 2024, compared with 38 in 2023.
Between 2022 and 2024, GOVTECH SOLUTIONS LIMITED's net assets rose by 55.5%, cash in bank rose by 104%, total assets rose by 41.3% and total liabilities rose by 38.6%. Net assets compounded at 24.7% a year across the two years to 2024, from £472.41K to £734.46K. Reported headcount went from 36 in 2022 to 40 in 2024 (+4).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.