HI-TEC EUROPE LIMITED Financials
- Company number
- 10352997CopyCopy
- Registered office
- Unit 1, Colonial Business Park,, Colonial Way,, Watford,, Herts WD24 4PR
- Incorporated
- 31/08/2016
Company snapshot
- Status
- Active
- Employees
- 33 (2024)
- Latest financial data
- 2024
- Accounts type
- Medium
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
40.15%vs 20232023: £2.90M
Total Assets
-13.06%vs 20232023: £8.01M
Cash in Bank
61.50%vs 20232023: £1.43M
Total Liabilities
-44.51%vs 20232023: £4.85M
Employees
-6vs 20232023: 39
In 2024, HI-TEC EUROPE LIMITED reported net assets of £4.07M. The same filing shows total assets of £6.96M, cash in bank of £2.31M and total liabilities of £2.69M. Reported headcount was 33 in 2024. Total Liabilities fell from £4.85M in 2023 to £2.69M in 2024 (-44.51%). 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
40.15%from £2.90M 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 HI-TEC EUROPE LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+18%vs 2022+8.6% a year compound (CAGR)
Cash in Bank
+198%vs 2022+72.6% a year compound (CAGR)
Total Assets
-50.9%vs 2022-29.9% a year compound (CAGR)
Total Liabilities
-74.2%vs 2022-49.2% a year compound (CAGR)
Employees
-31.3%vs 2022-15Biggest increase
Cash in Bank+198%
£775.92K in 2022 to £2.31M in 2024
Biggest decrease
Total Liabilities-74.2%
£10.43M in 2022 to £2.69M in 2024
HI-TEC EUROPE LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, 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-TEC EUROPE 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
- 58.45%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
- 38.62%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
- 85.94%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
- 33.19%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 HI-TEC EUROPE 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£ | 2.49M | 3.45M | 2.90M | 4.07M |
| Total Assets£ | 14.75M | 14.17M | 8.01M | 6.96M |
| Cash in Bank£ | 828.16K | 775.92K | 1.43M | 2.31M |
| Total Liabilities£ | 12.02M | 10.43M | 4.85M | 2.69M |
| Employees | 46 | 48 | 39 | 33 |
HI-TEC EUROPE LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for HI-TEC EUROPE LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
HI-TEC EUROPE LIMITED reported net assets of £4.07M for 2024. That compares with £2.90M in 2023, a change of 40.15%.
HI-TEC EUROPE LIMITED reported total assets of £6.96M for 2024. That compares with £8.01M in 2023, a change of -13.06%.
HI-TEC EUROPE LIMITED reported cash in bank of £2.31M for 2024. That compares with £1.43M in 2023, a change of 61.50%.
HI-TEC EUROPE LIMITED reported 33 employees in 2024, compared with 39 in 2023.
Between 2022 and 2024, HI-TEC EUROPE LIMITED's net assets rose by 18%, cash in bank rose by 198%, total assets fell by 50.9% and total liabilities fell by 74.2%. Net assets compounded at 8.6% a year across the two years to 2024, from £3.45M to £4.07M. Reported headcount went from 48 in 2022 to 33 in 2024 (-15).
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.