INSPEC SOLUTIONS LTD Financials
- Company number
- 03835537CopyCopy
- Registered office
- The Ironworks, Unit 7 Norfolk Bridge Business Park, Foley Street, Sheffield S4 7YW
- Incorporated
- 02/09/1999
Company snapshot
- Status
- Active
- Employees
- 34 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
86.97%vs 20222022: £435.93K
Total Assets
58.94%vs 20222022: £1.11M
Cash in Bank
-42.45%vs 20222022: £34.39K
Total Liabilities
36.65%vs 20222022: £660.99K
Employees
+3vs 20222022: 31
In 2023, INSPEC SOLUTIONS LTD reported net assets of £815.07K. The same filing shows total assets of £1.76M, cash in bank of £19.79K and total liabilities of £903.21K. Reported headcount was 34 in 2023. Total Assets rose from £1.11M in 2022 to £1.76M in 2023 (58.94%). 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
86.97%from £435.93K 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 INSPEC SOLUTIONS LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+134%vs 2021+53.1% a year compound (CAGR)
Cash in Bank
-81.1%vs 2021-56.5% a year compound (CAGR)
Total Assets
+179%vs 2021+66.9% a year compound (CAGR)
Total Liabilities
+219%vs 2021+78.7% a year compound (CAGR)
Employees
+9.7%vs 2021+3Biggest increase
Total Liabilities+219%
£282.88K in 2021 to £903.21K in 2023
Biggest decrease
Cash in Bank-81.1%
£104.59K in 2021 to £19.79K in 2023
INSPEC SOLUTIONS LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, 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 INSPEC SOLUTIONS 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
- 46.39%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
- 51.40%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
- 2.19%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
- 1.13%2023
- 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 INSPEC SOLUTIONS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 347.75K | 435.93K | 815.07K |
| Total Assets£ | 630.63K | 1.11M | 1.76M |
| Cash in Bank£ | 104.59K | 34.39K | 19.79K |
| Total Liabilities£ | 282.88K | 660.99K | 903.21K |
| Employees | 31 | 31 | 34 |
INSPEC SOLUTIONS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for INSPEC SOLUTIONS LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
INSPEC SOLUTIONS LTD reported net assets of £815.07K for 2023. That compares with £435.93K in 2022, a change of 86.97%.
INSPEC SOLUTIONS LTD reported total assets of £1.76M for 2023. That compares with £1.11M in 2022, a change of 58.94%.
INSPEC SOLUTIONS LTD reported cash in bank of £19.79K for 2023. That compares with £34.39K in 2022, a change of -42.45%.
INSPEC SOLUTIONS LTD reported 34 employees in 2023, compared with 31 in 2022.
Between 2021 and 2023, INSPEC SOLUTIONS LTD's net assets rose by 134%, cash in bank fell by 81.1%, total assets rose by 179% and total liabilities rose by 219%. Net assets compounded at 53.1% a year across the two years to 2023, from £347.75K to £815.07K. Reported headcount went from 31 in 2021 to 34 in 2023 (+3).
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.