MERIDIAN SECURITY SYSTEMS LIMITED Financials
- Company number
- 05277149CopyCopy
- Registered office
- Unit 7/8 Solent Way, Whiteley, Fareham PO15 7FT
- Incorporated
- 03/11/2004
Company snapshot
- Status
- Active
- Employees
- 7 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
109.51%vs 20222022: £-11.01K
Total Assets
-9.54%vs 20222022: £270.17K
Cash in Bank
-12.24%vs 20222022: £28.10K
Total Liabilities
-13.46%vs 20222022: £281.18K
Employees
0vs 20222022: 7
In 2023, MERIDIAN SECURITY SYSTEMS LIMITED reported net assets of £1.05K. The same filing shows total assets of £244.39K, cash in bank of £24.66K and total liabilities of £243.34K. Reported headcount was 7 in 2023. Total Liabilities fell from £281.18K in 2022 to £243.34K in 2023 (-13.46%). Okredo holds filed figures for 2021–2023; 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
109.51%from £-11.01K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures MERIDIAN SECURITY SYSTEMS LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
Increasedvs 2021Cash in Bank
-32.4%vs 2021-17.8% a year compound (CAGR)
Total Assets
+45.9%vs 2021+20.8% a year compound (CAGR)
Total Liabilities
-2.7%vs 2021-1.4% a year compound (CAGR)
Employees
0%vs 2021Biggest increase
Total Assets+45.9%
£167.47K in 2021 to £244.39K in 2023
Biggest decrease
Cash in Bank-32.4%
£36.48K in 2021 to £24.66K in 2023
MERIDIAN SECURITY SYSTEMS LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in total assets, pointing to a broader asset base, 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 MERIDIAN SECURITY SYSTEMS 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
- 0.43%2023
- 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
- 99.57%2023
- 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
- 10.13%2023
- 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
- 10.09%2023
- 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 MERIDIAN SECURITY SYSTEMS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | -82.63K | -11.01K | 1.05K |
| Total Assets£ | 167.47K | 270.17K | 244.39K |
| Cash in Bank£ | 36.48K | 28.10K | 24.66K |
| Total Liabilities£ | 250.11K | 281.18K | 243.34K |
| Employees | 7 | 7 | 7 |
MERIDIAN SECURITY SYSTEMS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MERIDIAN SECURITY SYSTEMS LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MERIDIAN SECURITY SYSTEMS LIMITED reported net assets of £1.05K for 2023. That compares with £-11.01K in 2022, a change of 109.51%.
MERIDIAN SECURITY SYSTEMS LIMITED reported total assets of £244.39K for 2023. That compares with £270.17K in 2022, a change of -9.54%.
MERIDIAN SECURITY SYSTEMS LIMITED reported cash in bank of £24.66K for 2023. That compares with £28.10K in 2022, a change of -12.24%.
MERIDIAN SECURITY SYSTEMS LIMITED reported 7 employees in 2023, compared with 7 in 2022.
Between 2021 and 2023, MERIDIAN SECURITY SYSTEMS LIMITED's cash in bank fell by 32.4%, total assets rose by 45.9%, total liabilities fell by 2.7% and employee numbers was unchanged. Cash in bank contracted at 17.8% a year across the two years to 2023, from £36.48K to £24.66K. Reported headcount went from 7 in 2021 to 7 in 2023.
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.