M.T.I. (1998) LTD Financials
- Company number
- 03598083CopyCopy
- Registered office
- Unit 8 Paramount Industrial Estate, Sandown Road, Watford, Hertfordshire WD24 7XA
- Incorporated
- 15/07/1998
Company snapshot
- Status
- Active
- Employees
- 38 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-25.15%vs 20232023: £1.81M
Total Assets
0.64%vs 20232023: £2.36M
Cash in Bank
-84.93%vs 20232023: £317.65K
Total Liabilities
85.71%vs 20232023: £548.62K
Employees
+2vs 20232023: 36
In 2024, M.T.I. (1998) LTD reported net assets of £1.35M. The same filing shows total assets of £2.37M, cash in bank of £47.88K and total liabilities of £1.02M. Reported headcount was 38 in 2024. Total Liabilities rose from £548.62K in 2023 to £1.02M in 2024 (85.71%). 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
-25.15%from £1.81M 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.T.I. (1998) LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-38.1%vs 2022-21.3% a year compound (CAGR)
Cash in Bank
-47.9%vs 2022-27.9% a year compound (CAGR)
Total Assets
-12.8%vs 2022-6.6% a year compound (CAGR)
Total Liabilities
+91.5%vs 2022+38.4% a year compound (CAGR)
Employees
+2.7%vs 2022+1Biggest increase
Total Liabilities+91.5%
£532.14K in 2022 to £1.02M in 2024
Biggest decrease
Cash in Bank-47.9%
£91.99K in 2022 to £47.88K in 2024
M.T.I. (1998) LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, 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 M.T.I. (1998) 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
- 57.07%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
- 42.93%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
- 4.70%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
- 2.02%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.T.I. (1998) 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£ | 2.52M | 2.19M | 1.81M | 1.35M |
| Total Assets£ | 2.94M | 2.72M | 2.36M | 2.37M |
| Cash in Bank£ | 459.74K | 91.99K | 317.65K | 47.88K |
| Total Liabilities£ | 417.98K | 532.14K | 548.62K | 1.02M |
| Employees | 45 | 37 | 36 | 38 |
M.T.I. (1998) LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for M.T.I. (1998) LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
M.T.I. (1998) LTD reported net assets of £1.35M for 2024. That compares with £1.81M in 2023, a change of -25.15%.
M.T.I. (1998) LTD reported total assets of £2.37M for 2024. That compares with £2.36M in 2023, a change of 0.64%.
M.T.I. (1998) LTD reported cash in bank of £47.88K for 2024. That compares with £317.65K in 2023, a change of -84.93%.
M.T.I. (1998) LTD reported 38 employees in 2024, compared with 36 in 2023.
Between 2022 and 2024, M.T.I. (1998) LTD's net assets fell by 38.1%, cash in bank fell by 47.9%, total assets fell by 12.8% and total liabilities rose by 91.5%. Net assets contracted at 21.3% a year across the two years to 2024, from £2.19M to £1.35M. Reported headcount went from 37 in 2022 to 38 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.