L M R GEAR TECH LIMITED Financials
- Company number
- 02995696CopyCopy
- Registered office
- Building 1063 Cornforth Drive, Kent Science Park, Sittingbourne, Kent ME9 8PX
- Incorporated
- 28/11/1994
Company snapshot
- Status
- Active
- Employees
- 12 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-59.41%vs 20232023: £608.59K
Total Assets
-37.01%vs 20232023: £1.38M
Cash in Bank
-74.56%vs 20232023: £589.19K
Total Liabilities
-19.43%vs 20232023: £775.72K
Employees
0vs 20232023: 12
In 2024, L M R GEAR TECH LIMITED reported net assets of £247.01K. The same filing shows total assets of £871.97K, cash in bank of £149.88K and total liabilities of £624.96K. Reported headcount was 12 in 2024. Total Assets fell from £1.38M in 2023 to £871.97K in 2024 (-37.01%). 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
-59.41%from £608.59K 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 L M R GEAR TECH LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-34.9%vs 2022-19.3% a year compound (CAGR)
Cash in Bank
-44.7%vs 2022-25.6% a year compound (CAGR)
Total Assets
-14.3%vs 2022-7.4% a year compound (CAGR)
Total Liabilities
-2%vs 2022-1% a year compound (CAGR)
Employees
+9.1%vs 2022+1Biggest increase
Employees+9.1%
11 in 2022 to 12 in 2024
Biggest decrease
Cash in Bank-44.7%
£270.80K in 2022 to £149.88K in 2024
L M R GEAR TECH LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in employee numbers, pointing to an expanding team, 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 L M R GEAR TECH 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
- 28.33%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
- 71.67%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
- 23.98%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
- 17.19%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 L M R GEAR TECH LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 187.56K | 379.35K | 608.59K | 247.01K |
| Total Assets£ | 904.18K | 1.02M | 1.38M | 871.97K |
| Cash in Bank£ | 210.94K | 270.80K | 589.19K | 149.88K |
| Total Liabilities£ | 716.62K | 637.68K | 775.72K | 624.96K |
| Employees | 11 | 11 | 12 | 12 |
L M R GEAR TECH LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for L M R GEAR TECH LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
L M R GEAR TECH LIMITED reported net assets of £247.01K for 2024. That compares with £608.59K in 2023, a change of -59.41%.
L M R GEAR TECH LIMITED reported total assets of £871.97K for 2024. That compares with £1.38M in 2023, a change of -37.01%.
L M R GEAR TECH LIMITED reported cash in bank of £149.88K for 2024. That compares with £589.19K in 2023, a change of -74.56%.
L M R GEAR TECH LIMITED reported 12 employees in 2024, compared with 12 in 2023.
Between 2022 and 2024, L M R GEAR TECH LIMITED's net assets fell by 34.9%, cash in bank fell by 44.7%, total assets fell by 14.3% and total liabilities fell by 2%. Net assets contracted at 19.3% a year across the two years to 2024, from £379.35K to £247.01K. Reported headcount went from 11 in 2022 to 12 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.