ICOM WORKS LTD Financials
- Company number
- 03419460CopyCopy
- Registered office
- 8 Ash Tree Court, Woodsy Close, Cardiff Gate Business Park, Cardiff, Cardiff CF23 8RW
- Incorporated
- 14/08/1997
Company snapshot
- Status
- Active
- Employees
- 16 (2023)
- Latest financial data
- 2024
- Accounts type
- Dormant
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
No changevs 20232023: £2.74M
Total Assets
-16.63%vs 20232023: £3.29M
Cash in Bank
-89.26%vs 20232023: £97.69K
Total Liabilities
-100.00%vs 20232023: £547.60K
Employees
-3vs 20222022: 19
In 2024, ICOM WORKS LTD reported net assets of £2.74M. The same filing shows total assets of £2.74M, cash in bank of £10.50K and total liabilities of £0.00. Reported headcount was 16 in 2023. Total Assets fell from £3.29M in 2023 to £2.74M in 2024 (-16.63%). 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
No changefrom £2.74M 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 ICOM WORKS LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+28.3%vs 2022+13.3% a year compound (CAGR)
Cash in Bank
-81.9%vs 2022-57.5% a year compound (CAGR)
Total Assets
-23.1%vs 2022-12.3% a year compound (CAGR)
Total Liabilities
-100%vs 2022Biggest increase
Net Assets+28.3%
£2.14M in 2022 to £2.74M in 2024
Biggest decrease
Total Liabilities-100%
£1.43M in 2022 to £0.00 in 2024
ICOM WORKS LTD's filings pull in both directions between 2022 and 2024. 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 ICOM WORKS 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
- 100.00%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.
- Cash to liabilities
- 17.84%2023
- 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
- 0.38%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 ICOM WORKS 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£ | 1.59M | 2.14M | 2.74M | 2.74M |
| Total Assets£ | 3.02M | 3.57M | 3.29M | 2.74M |
| Cash in Bank£ | 172.44K | 58.06K | 97.69K | 10.50K |
| Total Liabilities£ | 1.43M | 1.43M | 547.60K | 0.00 |
| Employees | 21 | 19 | 16 | – |
ICOM WORKS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for ICOM WORKS LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
ICOM WORKS LTD reported net assets of £2.74M for 2024. That compares with £2.74M in 2023.
ICOM WORKS LTD reported total assets of £2.74M for 2024. That compares with £3.29M in 2023, a change of -16.63%.
ICOM WORKS LTD reported cash in bank of £10.50K for 2024. That compares with £97.69K in 2023, a change of -89.26%.
ICOM WORKS LTD reported 16 employees in 2023, compared with 19 in 2022.
Between 2022 and 2024, ICOM WORKS LTD's net assets rose by 28.3%, cash in bank fell by 81.9%, total assets fell by 23.1% and total liabilities fell by 100%. Net assets compounded at 13.3% a year across the two years to 2024, from £2.14M to £2.74M. No reported indicator grew more than net assets over the period.
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.