HI-TECH COATINGS INTERNATIONAL LIMITED Financials
- Company number
- 04386890CopyCopy
- Industry
- Manufacture of paints varnishes and similar coatings mastics and sealants (20.30/1 - SIC 2007)
- Registered office
- 3rd Floor 1 Ashley Road, Altrincham, Cheshire WA14 2DT
- Incorporated
- 05/03/2002
Company snapshot
- Status
- Active
- Employees
- 4 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-23.60%vs 20232023: £3.20M
Total Assets
-21.98%vs 20232023: £3.65M
Cash in Bank
-89.47%vs 20232023: £3.10M
Total Liabilities
-10.46%vs 20232023: £450.04K
Employees
-11vs 20232023: 15
In 2024, HI-TECH COATINGS INTERNATIONAL LIMITED reported net assets of £2.44M. The same filing shows total assets of £2.85M, cash in bank of £326.85K and total liabilities of £402.96K. Reported headcount was 4 in 2024. Cash in Bank fell from £3.10M in 2023 to £326.85K in 2024 (-89.47%). 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
-23.60%from £3.20M 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-TECH COATINGS INTERNATIONAL LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-31.4%vs 2022-17.2% a year compound (CAGR)
Cash in Bank
-73.1%vs 2022-48.1% a year compound (CAGR)
Total Assets
-28.4%vs 2022-15.4% a year compound (CAGR)
Total Liabilities
-2%vs 2022-1% a year compound (CAGR)
Employees
-78.9%vs 2022-15Biggest decrease
Employees-78.9%
19 in 2022 to 4 in 2024
Every indicator Okredo holds for HI-TECH COATINGS INTERNATIONAL LIMITED fell between 2022 and 2024. The steepest fall came in employee numbers, pointing to a smaller workforce, with net assets, cash in bank, total assets and total liabilities falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from HI-TECH COATINGS INTERNATIONAL 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
- 85.84%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
- 14.16%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
- 81.11%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
- 11.49%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-TECH COATINGS INTERNATIONAL 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£ | 3.17M | 3.56M | 3.20M | 2.44M |
| Total Assets£ | 4.42M | 3.97M | 3.65M | 2.85M |
| Cash in Bank£ | 76.45K | 1.21M | 3.10M | 326.85K |
| Total Liabilities£ | 1.26M | 411.38K | 450.04K | 402.96K |
| Employees | 18 | 19 | 15 | 4 |
HI-TECH COATINGS INTERNATIONAL LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for HI-TECH COATINGS INTERNATIONAL LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
HI-TECH COATINGS INTERNATIONAL LIMITED reported net assets of £2.44M for 2024. That compares with £3.20M in 2023, a change of -23.60%.
HI-TECH COATINGS INTERNATIONAL LIMITED reported total assets of £2.85M for 2024. That compares with £3.65M in 2023, a change of -21.98%.
HI-TECH COATINGS INTERNATIONAL LIMITED reported cash in bank of £326.85K for 2024. That compares with £3.10M in 2023, a change of -89.47%.
HI-TECH COATINGS INTERNATIONAL LIMITED reported 4 employees in 2024, compared with 15 in 2023.
Between 2022 and 2024, HI-TECH COATINGS INTERNATIONAL LIMITED's net assets fell by 31.4%, cash in bank fell by 73.1%, total assets fell by 28.4% and total liabilities fell by 2%. Net assets contracted at 17.2% a year across the two years to 2024, from £3.56M to £2.44M. Reported headcount went from 19 in 2022 to 4 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.