MECL LTD Financials
- Company number
- NI637113Copy
Copy - Registered office
- 17 Clarendon Road, Belfast BT1 3BG
- Incorporated
- 15/03/2016
Company snapshot
- Status
- Active
- Employees
- 5 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
44.80%vs 20232023: £2.16M
Total Assets
40.57%vs 20232023: £2.68M
Cash in Bank
-66.27%vs 20232023: £269.79K
Total Liabilities
34.81%vs 20232023: £434.78K
Employees
0vs 20232023: 5
In 2024, MECL LTD reported net assets of £3.12M. The same filing shows total assets of £3.76M, cash in bank of £91.00K and total liabilities of £586.14K. Reported headcount was 5 in 2024. Total Assets rose from £2.68M in 2023 to £3.76M in 2024 (40.57%). 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
44.80%from £2.16M 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 MECL LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+50.6%vs 2022+22.7% a year compound (CAGR)
Cash in Bank
+128%vs 2022+51.1% a year compound (CAGR)
Total Assets
+62.5%vs 2022+27.5% a year compound (CAGR)
Total Liabilities
+335%vs 2022+109% a year compound (CAGR)
Employees
+66.7%vs 2022+2Biggest increase
Total Liabilities+335%
£134.72K in 2022 to £586.14K in 2024
Every indicator Okredo holds for MECL LTD rose between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, with net assets, cash in bank, total assets and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MECL 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
- 82.95%2024
- Liabilities to total assets
- 15.58%2024
- Cash to liabilities
- 15.52%2024
- Cash to total assets
- 2.42%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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 MECL 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£ | 1.50M | 2.07M | 2.16M | 3.12M |
| Total Assets£ | 2.25M | 2.32M | 2.68M | 3.76M |
| Cash in Bank£ | 1.00M | 39.84K | 269.79K | 91.00K |
| Total Liabilities£ | 664.39K | 134.72K | 434.78K | 586.14K |
| Employees | 3 | 3 | 5 | 5 |
MECL LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has MECL LTD filed financial statements?
Yes. Okredo holds filed figures for MECL LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did MECL LTD report in 2024?
MECL LTD reported net assets of £3.12M for 2024. That compares with £2.16M in 2023, a change of 44.80%.
What total assets did MECL LTD report in 2024?
MECL LTD reported total assets of £3.76M for 2024. That compares with £2.68M in 2023, a change of 40.57%.
What cash in bank did MECL LTD report in 2024?
MECL LTD reported cash in bank of £91.00K for 2024. That compares with £269.79K in 2023, a change of -66.27%.
How many people does MECL LTD employ?
MECL LTD reported 5 employees in 2024, compared with 5 in 2023.
How have MECL LTD financials changed over the last 3 years?
Between 2022 and 2024, MECL LTD's net assets rose by 50.6%, cash in bank rose by 128%, total assets rose by 62.5% and total liabilities rose by 335%. Net assets compounded at 22.7% a year across the two years to 2024, from £2.07M to £3.12M. Reported headcount went from 3 in 2022 to 5 in 2024 (+2).
Which years of MECL LTD financial data are available?
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.