IT HUB ARMAGH NI LTD Financials
- Company number
- NI649402CopyCopy
- Registered office
- 83 Loughgall Road, Armagh BT61 8EL
- Incorporated
- 21/11/2017
Company snapshot
- Status
- Active
- Employees
- 6 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
130.99%vs 20232023: £101.82K
Total Assets
91.58%vs 20232023: £247.10K
Total Liabilities
63.96%vs 20232023: £145.28K
Employees
0vs 20232023: 6
In 2024, IT HUB ARMAGH NI LTD reported net assets of £235.19K. The same filing shows total assets of £473.39K and total liabilities of £238.21K. Reported headcount was 6 in 2024. Total Assets rose from £247.10K in 2023 to £473.39K in 2024 (91.58%). 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
130.99%from £101.82K 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 IT HUB ARMAGH NI LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+268%vs 2022+91.9% a year compound (CAGR)
Total Assets
+130%vs 2022+51.8% a year compound (CAGR)
Total Liabilities
+68.3%vs 2022+29.7% a year compound (CAGR)
Employees
+20%vs 2022+1Biggest increase
Net Assets+268%
£63.84K in 2022 to £235.19K in 2024
Every indicator Okredo holds for IT HUB ARMAGH NI LTD rose between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, with total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from IT HUB ARMAGH NI 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
- 49.68%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
- 50.32%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.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for IT HUB ARMAGH NI 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£ | 35.34K | 63.84K | 101.82K | 235.19K |
| Total Assets£ | 137.96K | 205.38K | 247.10K | 473.39K |
| Cash in Bank£ | – | – | – | – |
| Total Liabilities£ | 102.62K | 141.54K | 145.28K | 238.21K |
| Employees | 5 | 5 | 6 | 6 |
IT HUB ARMAGH NI LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for IT HUB ARMAGH NI LTD covering 2021–2024, across 4 reported indicators. The most recent reported year is 2024.
IT HUB ARMAGH NI LTD reported net assets of £235.19K for 2024. That compares with £101.82K in 2023, a change of 130.99%.
IT HUB ARMAGH NI LTD reported total assets of £473.39K for 2024. That compares with £247.10K in 2023, a change of 91.58%.
IT HUB ARMAGH NI LTD reported total liabilities of £238.21K for 2024. That compares with £145.28K in 2023, a change of 63.96%.
IT HUB ARMAGH NI LTD reported 6 employees in 2024, compared with 6 in 2023.
Between 2022 and 2024, IT HUB ARMAGH NI LTD's net assets rose by 268%, total assets rose by 130%, total liabilities rose by 68.3% and employee numbers rose by 20%. Net assets compounded at 91.9% a year across the two years to 2024, from £63.84K to £235.19K. Reported headcount went from 5 in 2022 to 6 in 2024 (+1).
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.