HITEC SHEET METAL LTD. Financials
- Company number
- 02768255CopyCopy
- Industry
- Machining (25.62 - SIC 2007)
- Registered office
- 167 Turners Hill, Cheshunt, Herts EN8 9BH
- Incorporated
- 26/11/1992
Company snapshot
- Status
- Active
- Employees
- 28 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
- Industry
- Machining (25.62 - SIC 2007)
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-1.37%vs 20232023: £948.67K
Total Assets
-7.61%vs 20232023: £4.81M
Cash in Bank
683.77%vs 20232023: £690.00
Total Liabilities
-12.22%vs 20232023: £2.19M
Employees
-3vs 20232023: 31
In 2024, HITEC SHEET METAL LTD. reported net assets of £935.69K. The same filing shows total assets of £4.44M, cash in bank of £5.41K and total liabilities of £1.92M. Reported headcount was 28 in 2024. Total Assets fell from £4.81M in 2023 to £4.44M in 2024 (-7.61%). 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
-1.37%from £948.67K 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 HITEC SHEET METAL LTD. filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+5.4%vs 2022+2.7% a year compound (CAGR)
Cash in Bank
+26.2%vs 2022+12.3% a year compound (CAGR)
Total Assets
-8.5%vs 2022-4.4% a year compound (CAGR)
Total Liabilities
-16.1%vs 2022-8.4% a year compound (CAGR)
Employees
-6.7%vs 2022-2Biggest increase
Cash in Bank+26.2%
£4.29K in 2022 to £5.41K in 2024
Biggest decrease
Total Liabilities-16.1%
£2.29M in 2022 to £1.92M in 2024
HITEC SHEET METAL LTD.'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 HITEC SHEET METAL 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
- 21.06%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
- 43.33%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
- 0.28%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
- 0.12%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 HITEC SHEET METAL 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£ | 811.18K | 887.34K | 948.67K | 935.69K |
| Total Assets£ | 4.69M | 4.86M | 4.81M | 4.44M |
| Cash in Bank£ | 101.12K | 4.29K | 690.00 | 5.41K |
| Total Liabilities£ | 2.25M | 2.29M | 2.19M | 1.92M |
| Employees | 31 | 30 | 31 | 28 |
HITEC SHEET METAL LTD. financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for HITEC SHEET METAL LTD. covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
HITEC SHEET METAL LTD. reported net assets of £935.69K for 2024. That compares with £948.67K in 2023, a change of -1.37%.
HITEC SHEET METAL LTD. reported total assets of £4.44M for 2024. That compares with £4.81M in 2023, a change of -7.61%.
HITEC SHEET METAL LTD. reported cash in bank of £5.41K for 2024. That compares with £690.00 in 2023, a change of 683.77%.
HITEC SHEET METAL LTD. reported 28 employees in 2024, compared with 31 in 2023.
Between 2022 and 2024, HITEC SHEET METAL LTD.'s net assets rose by 5.4%, cash in bank rose by 26.2%, total assets fell by 8.5% and total liabilities fell by 16.1%. Net assets compounded at 2.7% a year across the two years to 2024, from £887.34K to £935.69K. Reported headcount went from 30 in 2022 to 28 in 2024 (-2).
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.