LOCK IT SAFE LIMITED Financials
- Company number
- 02777397CopyCopy
- Registered office
- Suite G25/26, Innovation Centre Innovation Way, Europarc, Grimsby, N E Lincolnshire DN37 9TT
- Incorporated
- 06/01/1993
Company snapshot
- Status
- Active
- Employees
- 10 (2025)
- Latest financial data
- 2025
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
22.11%vs 20242024: £46.38K
Total Assets
122.78%vs 20242024: £618.57K
Cash in Bank
-99.94%vs 20232023: £76.70K
Total Liabilities
137.29%vs 20242024: £556.88K
Employees
+1vs 20242024: 9
In 2025, LOCK IT SAFE LIMITED reported net assets of £56.63K. The same filing shows total assets of £1.38M, cash in bank of £48.00 and total liabilities of £1.32M. Reported headcount was 10 in 2025. Total Liabilities rose from £556.88K in 2024 to £1.32M in 2025 (137.29%). Okredo holds filed figures for 2021–2025; 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
22.11%from £46.38K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures LOCK IT SAFE LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-43.1%vs 2023-24.6% a year compound (CAGR)
Total Assets
+74%vs 2023+31.9% a year compound (CAGR)
Total Liabilities
+90.8%vs 2023+38.1% a year compound (CAGR)
Employees
+11.1%vs 2023+1Biggest increase
Total Liabilities+90.8%
£692.45K in 2023 to £1.32M in 2025
Biggest decrease
Net Assets-43.1%
£99.54K in 2023 to £56.63K in 2025
LOCK IT SAFE LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from LOCK IT SAFE 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
- 4.11%2025
- 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
- 95.89%2025
- 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
- 0.01%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
- 0.01%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 LOCK IT SAFE LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 171.43K | 133.41K | 99.54K | 46.38K | 56.63K |
| Total Assets£ | 594.39K | 663.71K | 791.98K | 618.57K | 1.38M |
| Cash in Bank£ | 151.86K | 166.00K | 76.70K | 48.00 | – |
| Total Liabilities£ | 422.96K | 530.30K | 692.45K | 556.88K | 1.32M |
| Employees | 7 | 8 | 9 | 9 | 10 |
LOCK IT SAFE LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for LOCK IT SAFE LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
LOCK IT SAFE LIMITED reported net assets of £56.63K for 2025. That compares with £46.38K in 2024, a change of 22.11%.
LOCK IT SAFE LIMITED reported total assets of £1.38M for 2025. That compares with £618.57K in 2024, a change of 122.78%.
LOCK IT SAFE LIMITED reported cash in bank of £48.00 for 2024. That compares with £76.70K in 2023, a change of -99.94%.
LOCK IT SAFE LIMITED reported 10 employees in 2025, compared with 9 in 2024.
Between 2023 and 2025, LOCK IT SAFE LIMITED's net assets fell by 43.1%, total assets rose by 74%, total liabilities rose by 90.8% and employee numbers rose by 11.1%. Net assets contracted at 24.6% a year across the two years to 2025, from £99.54K to £56.63K. Reported headcount went from 9 in 2023 to 10 in 2025 (+1).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.