INDUSTRIAL TOOLING CORPORATION LIMITED Financials
- Company number
- 02573537CopyCopy
- Registered office
- Unit 1 Kepler, Lichfield Road Industrial Estate, Tamworth, Staffordshire B79 7XE
- Incorporated
- 14/01/1991
Company snapshot
- Status
- Active
- Employees
- 62 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
7.70%vs 20222022: £6.12M
Total Assets
6.86%vs 20222022: £9.16M
Cash in Bank
181.08%vs 20222022: £450.55K
Total Liabilities
5.17%vs 20222022: £3.04M
Employees
-1vs 20222022: 63
In 2023, INDUSTRIAL TOOLING CORPORATION LIMITED reported net assets of £6.59M. The same filing shows total assets of £9.79M, cash in bank of £1.27M and total liabilities of £3.20M. Reported headcount was 62 in 2023. Cash in Bank rose from £450.55K in 2022 to £1.27M in 2023 (181.08%). Okredo holds filed figures for 2021–2023; 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
7.70%from £6.12M in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures INDUSTRIAL TOOLING CORPORATION LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+12.3%vs 2021+6% a year compound (CAGR)
Cash in Bank
-38.7%vs 2021-21.7% a year compound (CAGR)
Total Assets
+0.2%vs 2021+<0.1% a year compound (CAGR)
Total Liabilities
-18.1%vs 2021-9.5% a year compound (CAGR)
Employees
-3.1%vs 2021-2Biggest increase
Net Assets+12.3%
£5.87M in 2021 to £6.59M in 2023
Biggest decrease
Cash in Bank-38.7%
£2.07M in 2021 to £1.27M in 2023
INDUSTRIAL TOOLING CORPORATION LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from INDUSTRIAL TOOLING CORPORATION 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
- 67.31%2023
- 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
- 32.69%2023
- 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
- 39.58%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
- 12.94%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £192.48K2023
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for INDUSTRIAL TOOLING CORPORATION LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 5.87M | 6.12M | 6.59M |
| Total Assets£ | 9.77M | 9.16M | 9.79M |
| Cash in Bank£ | 2.07M | 450.55K | 1.27M |
| Total Liabilities£ | 3.91M | 3.04M | 3.20M |
| Employees | 64 | 63 | 62 |
INDUSTRIAL TOOLING CORPORATION LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for INDUSTRIAL TOOLING CORPORATION LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
INDUSTRIAL TOOLING CORPORATION LIMITED reported net assets of £6.59M for 2023. That compares with £6.12M in 2022, a change of 7.70%.
INDUSTRIAL TOOLING CORPORATION LIMITED reported total assets of £9.79M for 2023. That compares with £9.16M in 2022, a change of 6.86%.
INDUSTRIAL TOOLING CORPORATION LIMITED reported cash in bank of £1.27M for 2023. That compares with £450.55K in 2022, a change of 181.08%.
INDUSTRIAL TOOLING CORPORATION LIMITED reported 62 employees in 2023, compared with 63 in 2022.
Between 2021 and 2023, INDUSTRIAL TOOLING CORPORATION LIMITED's net assets rose by 12.3%, cash in bank fell by 38.7%, total assets rose by 0.2% and total liabilities fell by 18.1%. Net assets compounded at 6% a year across the two years to 2023, from £5.87M to £6.59M. Reported headcount went from 64 in 2021 to 62 in 2023 (-2).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.