GRANITE ELITE LTD Financials
- Company number
- SC647515CopyCopy
- Registered office
- Unit 10 Burnbank Business Centre Souter Head Road, Altens Industrial Estate, Aberdeen AB12 3LF
- Incorporated
- 19/11/2019
Company snapshot
- Status
- Active
- Employees
- 79 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
60.22%vs 20232023: £-74.64K
Total Assets
101.71%vs 20232023: £241.27K
Cash in Bank
74.20%vs 20232023: £10.25K
Total Liabilities
59.10%vs 20232023: £287.12K
Employees
+6vs 20232023: 73
In 2024, GRANITE ELITE LTD reported net assets of £-29.69K. The same filing shows total assets of £486.65K, cash in bank of £17.86K and total liabilities of £456.81K. Reported headcount was 79 in 2024. Total Assets rose from £241.27K in 2023 to £486.65K in 2024 (101.71%). 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
60.22%from £-74.64K 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 GRANITE ELITE LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Increasedvs 2022Cash in Bank
+416%vs 2022+127% a year compound (CAGR)
Total Assets
+354%vs 2022+113% a year compound (CAGR)
Total Liabilities
+151%vs 2022+58.4% a year compound (CAGR)
Employees
+29.5%vs 2022+18Biggest increase
Cash in Bank+416%
£3.46K in 2022 to £17.86K in 2024
Every indicator Okredo holds for GRANITE ELITE LTD 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 GRANITE ELITE 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
- -6.10%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
- 93.87%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
- 3.91%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
- 3.67%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 GRANITE ELITE LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 8.17K | -77.19K | -74.64K | -29.69K |
| Total Assets£ | 73.73K | 107.30K | 241.27K | 486.65K |
| Cash in Bank£ | 13.88K | 3.46K | 10.25K | 17.86K |
| Total Liabilities£ | 62.83K | 182.15K | 287.12K | 456.81K |
| Employees | 28 | 61 | 73 | 79 |
GRANITE ELITE LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for GRANITE ELITE LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
GRANITE ELITE LTD reported net assets of £-29.69K for 2024. That compares with £-74.64K in 2023, a change of 60.22%.
GRANITE ELITE LTD reported total assets of £486.65K for 2024. That compares with £241.27K in 2023, a change of 101.71%.
GRANITE ELITE LTD reported cash in bank of £17.86K for 2024. That compares with £10.25K in 2023, a change of 74.20%.
GRANITE ELITE LTD reported 79 employees in 2024, compared with 73 in 2023.
Between 2022 and 2024, GRANITE ELITE LTD's cash in bank rose by 416%, total assets rose by 354%, total liabilities rose by 151% and employee numbers rose by 29.5%. Cash in bank compounded at 127% a year across the two years to 2024, from £3.46K to £17.86K. Reported headcount went from 61 in 2022 to 79 in 2024 (+18).
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.