LETTERFEST LTD Financials
- Company number
- 07669886CopyCopy
- Registered office
- Unit 1, Chivenor Business Park, Chivenor, Barnstaple, Devon EX31 4AY
- Incorporated
- 14/06/2011
Company snapshot
- Status
- Active
- Employees
- 16 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-85.56%vs 20222022: £2.15M
Total Assets
-99.38%vs 20222022: £2.60M
Cash in Bank
102.20%vs 20222022: £195.10K
Total Liabilities
6.38%vs 20212021: £380.15K
Employees
-3vs 20222022: 19
In 2023, LETTERFEST LTD reported net assets of £310.97K. The same filing shows total assets of £16.16K, cash in bank of £394.51K and total liabilities of £404.40K. Reported headcount was 16 in 2023. Total Assets fell from £2.60M in 2022 to £16.16K in 2023 (-99.38%). 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
-85.56%from £2.15M 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 LETTERFEST LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-83.3%vs 2021-59.1% a year compound (CAGR)
Cash in Bank
-45.6%vs 2021-26.3% a year compound (CAGR)
Total Assets
-99.3%vs 2021-91.5% a year compound (CAGR)
Employees
-5.9%vs 2021-1Biggest decrease
Total Assets-99.3%
£2.26M in 2021 to £16.16K in 2023
Every indicator Okredo holds for LETTERFEST LTD fell between 2021 and 2023. The steepest fall came in total assets, pointing to a narrowing asset base, with net assets, cash in bank and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from LETTERFEST 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
- 1,924.93%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
- 15.54%2022
- 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
- 48.25%2022
- 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
- 2,442.00%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 LETTERFEST LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 1.86M | 2.15M | 310.97K |
| Total Assets£ | 2.26M | 2.60M | 16.16K |
| Cash in Bank£ | 725.82K | 195.10K | 394.51K |
| Total Liabilities£ | 380.15K | 404.40K | – |
| Employees | 17 | 19 | 16 |
LETTERFEST LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for LETTERFEST LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
LETTERFEST LTD reported net assets of £310.97K for 2023. That compares with £2.15M in 2022, a change of -85.56%.
LETTERFEST LTD reported total assets of £16.16K for 2023. That compares with £2.60M in 2022, a change of -99.38%.
LETTERFEST LTD reported cash in bank of £394.51K for 2023. That compares with £195.10K in 2022, a change of 102.20%.
LETTERFEST LTD reported 16 employees in 2023, compared with 19 in 2022.
Between 2021 and 2023, LETTERFEST LTD's net assets fell by 83.3%, cash in bank fell by 45.6%, total assets fell by 99.3% and employee numbers fell by 5.9%. Net assets contracted at 59.1% a year across the two years to 2023, from £1.86M to £310.97K. Reported headcount went from 17 in 2021 to 16 in 2023 (-1).
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.