M 2 TECHNICAL SERVICES (NORTH WALES) LTD Financials
- Company number
- 06489438CopyCopy
- Registered office
- 125 Astra Drive, Gravesend DA12 4QF
- Incorporated
- 31/01/2008
Company snapshot
- Status
- Active
- Employees
- 10 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-11.73%vs 20232023: £1.05M
Total Assets
-16.15%vs 20232023: £2.39M
Cash in Bank
-40.81%vs 20232023: £461.98K
Total Liabilities
-27.48%vs 20232023: £597.17K
Employees
0vs 20232023: 10
In 2024, M 2 TECHNICAL SERVICES (NORTH WALES) LTD reported net assets of £929.22K. The same filing shows total assets of £2.00M, cash in bank of £273.44K and total liabilities of £433.05K. Reported headcount was 10 in 2024. Total Assets fell from £2.39M in 2023 to £2.00M in 2024 (-16.15%). 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
-11.73%from £1.05M 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 M 2 TECHNICAL SERVICES (NORTH WALES) LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+34.7%vs 2022+16% a year compound (CAGR)
Cash in Bank
+5.2%vs 2022+2.6% a year compound (CAGR)
Total Assets
+12.9%vs 2022+6.3% a year compound (CAGR)
Total Liabilities
-6.2%vs 2022-3.2% a year compound (CAGR)
Employees
+42.9%vs 2022+3Biggest increase
Employees+42.9%
7 in 2022 to 10 in 2024
Biggest decrease
Total Liabilities-6.2%
£461.70K in 2022 to £433.05K in 2024
M 2 TECHNICAL SERVICES (NORTH WALES) LTD'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 total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from M 2 TECHNICAL SERVICES (NORTH WALES) 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
- 46.35%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
- 21.60%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
- 63.14%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
- 13.64%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 M 2 TECHNICAL SERVICES (NORTH WALES) 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£ | 328.73K | 690.03K | 1.05M | 929.22K |
| Total Assets£ | 733.10K | 1.78M | 2.39M | 2.00M |
| Cash in Bank£ | 195.04K | 259.87K | 461.98K | 273.44K |
| Total Liabilities£ | 236.44K | 461.70K | 597.17K | 433.05K |
| Employees | 2 | 7 | 10 | 10 |
M 2 TECHNICAL SERVICES (NORTH WALES) LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for M 2 TECHNICAL SERVICES (NORTH WALES) LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
M 2 TECHNICAL SERVICES (NORTH WALES) LTD reported net assets of £929.22K for 2024. That compares with £1.05M in 2023, a change of -11.73%.
M 2 TECHNICAL SERVICES (NORTH WALES) LTD reported total assets of £2.00M for 2024. That compares with £2.39M in 2023, a change of -16.15%.
M 2 TECHNICAL SERVICES (NORTH WALES) LTD reported cash in bank of £273.44K for 2024. That compares with £461.98K in 2023, a change of -40.81%.
M 2 TECHNICAL SERVICES (NORTH WALES) LTD reported 10 employees in 2024, compared with 10 in 2023.
Between 2022 and 2024, M 2 TECHNICAL SERVICES (NORTH WALES) LTD's net assets rose by 34.7%, cash in bank rose by 5.2%, total assets rose by 12.9% and total liabilities fell by 6.2%. Net assets compounded at 16% a year across the two years to 2024, from £690.03K to £929.22K. Reported headcount went from 7 in 2022 to 10 in 2024 (+3).
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.