HI-SPEC ENGINEERING LIMITED Financials
- Company number
- 03901142Copy
Copy - Registered office
- Unit 9, Windmill Industrial Estate, Windmill Fowey, Cornwall PL23 1HB
- Incorporated
- 30/12/1999
Company snapshot
- Status
- Active
- Employees
- 5 (2025)
- Latest financial data
- 2025
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-21.15%vs 20242024: £376.73K
Total Assets
-37.48%vs 20242024: £562.87K
Cash in Bank
-44.35%vs 20242024: £407.89K
Total Liabilities
-70.53%vs 20242024: £186.14K
Employees
0vs 20242024: 5
In 2025, HI-SPEC ENGINEERING LIMITED reported net assets of £297.07K. The same filing shows total assets of £351.92K, cash in bank of £226.98K and total liabilities of £54.85K. Reported headcount was 5 in 2025. Total Assets fell from £562.87K in 2024 to £351.92K in 2025 (-37.48%). Okredo holds filed figures for 2021–2025; 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
-21.15%from £376.73K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures HI-SPEC ENGINEERING LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+40.3%vs 2023+18.5% a year compound (CAGR)
Cash in Bank
+12.7%vs 2023+6.2% a year compound (CAGR)
Total Assets
+9.6%vs 2023+4.7% a year compound (CAGR)
Total Liabilities
-49.8%vs 2023-29.2% a year compound (CAGR)
Employees
0%vs 2023Biggest increase
Net Assets+40.3%
£211.70K in 2023 to £297.07K in 2025
Biggest decrease
Total Liabilities-49.8%
£109.33K in 2023 to £54.85K in 2025
HI-SPEC ENGINEERING LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from HI-SPEC ENGINEERING 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
- 84.41%2025
- Liabilities to total assets
- 15.59%2025
- Cash to liabilities
- 413.80%2025
- Cash to total assets
- 64.50%2025
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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 HI-SPEC ENGINEERING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 168.27K | 197.25K | 211.70K | 376.73K | 297.07K |
| Total Assets£ | 263.39K | 321.12K | 321.03K | 562.87K | 351.92K |
| Cash in Bank£ | 161.09K | 208.58K | 201.33K | 407.89K | 226.98K |
| Total Liabilities£ | 95.12K | 123.87K | 109.33K | 186.14K | 54.85K |
| Employees | 6 | 6 | 5 | 5 | 5 |
HI-SPEC ENGINEERING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has HI-SPEC ENGINEERING LIMITED filed financial statements?
Yes. Okredo holds filed figures for HI-SPEC ENGINEERING LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
What net assets did HI-SPEC ENGINEERING LIMITED report in 2025?
HI-SPEC ENGINEERING LIMITED reported net assets of £297.07K for 2025. That compares with £376.73K in 2024, a change of -21.15%.
What total assets did HI-SPEC ENGINEERING LIMITED report in 2025?
HI-SPEC ENGINEERING LIMITED reported total assets of £351.92K for 2025. That compares with £562.87K in 2024, a change of -37.48%.
What cash in bank did HI-SPEC ENGINEERING LIMITED report in 2025?
HI-SPEC ENGINEERING LIMITED reported cash in bank of £226.98K for 2025. That compares with £407.89K in 2024, a change of -44.35%.
How many people does HI-SPEC ENGINEERING LIMITED employ?
HI-SPEC ENGINEERING LIMITED reported 5 employees in 2025, compared with 5 in 2024.
How have HI-SPEC ENGINEERING LIMITED financials changed over the last 3 years?
Between 2023 and 2025, HI-SPEC ENGINEERING LIMITED's net assets rose by 40.3%, cash in bank rose by 12.7%, total assets rose by 9.6% and total liabilities fell by 49.8%. Net assets compounded at 18.5% a year across the two years to 2025, from £211.70K to £297.07K. Reported headcount went from 5 in 2023 to 5 in 2025.
Which years of HI-SPEC ENGINEERING LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.