MASSEY TRUCK ENGINEERING LIMITED Financials
- Company number
- 02602321CopyCopy
- Registered office
- Hazel Drive, Narborough Road South, Leicester LE3 2JG
- Incorporated
- 17/04/1991
Company snapshot
- Status
- Active
- Employees
- 92 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2024.
Net Assets
13.48%vs 20232023: £6.86M
Total Assets
-15.57%vs 20232023: £14.44M
Cash in Bank
42.46%vs 20232023: £4.55M
Total Liabilities
-47.72%vs 20232023: £6.64M
Employees
0vs 20232023: 92
In 2024, MASSEY TRUCK ENGINEERING LIMITED reported net assets of £7.79M. The same filing shows total assets of £12.19M, cash in bank of £6.49M and total liabilities of £3.47M. Reported headcount was 92 in 2024. Total Liabilities fell from £6.64M in 2023 to £3.47M in 2024 (-47.72%). Okredo holds filed figures for 2022–2024; 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
13.48%from £6.86M in 2023Year-on-year change
Net Assets as filed for 2022–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures MASSEY TRUCK ENGINEERING LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+34.8%vs 2022+16.1% a year compound (CAGR)
Cash in Bank
+167%vs 2022+63.5% a year compound (CAGR)
Total Assets
-6.6%vs 2022-3.4% a year compound (CAGR)
Total Liabilities
-45.4%vs 2022-26.1% a year compound (CAGR)
Employees
+9.5%vs 2022+8Biggest increase
Cash in Bank+167%
£2.43M in 2022 to £6.49M in 2024
Biggest decrease
Total Liabilities-45.4%
£6.36M in 2022 to £3.47M in 2024
MASSEY TRUCK ENGINEERING LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, 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 MASSEY TRUCK ENGINEERING 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
- 63.88%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
- 28.47%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
- 186.82%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
- 53.19%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £177.87K2024
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MASSEY TRUCK ENGINEERING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Assets£ | 5.78M | 6.86M | 7.79M |
| Total Assets£ | 13.06M | 14.44M | 12.19M |
| Cash in Bank£ | 2.43M | 4.55M | 6.49M |
| Total Liabilities£ | 6.36M | 6.64M | 3.47M |
| Employees | 84 | 92 | 92 |
MASSEY TRUCK ENGINEERING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MASSEY TRUCK ENGINEERING LIMITED covering 2022–2024, across 5 reported indicators. The most recent reported year is 2024.
MASSEY TRUCK ENGINEERING LIMITED reported net assets of £7.79M for 2024. That compares with £6.86M in 2023, a change of 13.48%.
MASSEY TRUCK ENGINEERING LIMITED reported total assets of £12.19M for 2024. That compares with £14.44M in 2023, a change of -15.57%.
MASSEY TRUCK ENGINEERING LIMITED reported cash in bank of £6.49M for 2024. That compares with £4.55M in 2023, a change of 42.46%.
MASSEY TRUCK ENGINEERING LIMITED reported 92 employees in 2024, compared with 92 in 2023.
Between 2022 and 2024, MASSEY TRUCK ENGINEERING LIMITED's net assets rose by 34.8%, cash in bank rose by 167%, total assets fell by 6.6% and total liabilities fell by 45.4%. Net assets compounded at 16.1% a year across the two years to 2024, from £5.78M to £7.79M. Reported headcount went from 84 in 2022 to 92 in 2024 (+8).
Okredo holds reported figures for the years 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.