MERIDIAN TECHNICAL SERVICES LIMITED Financials
- Company number
- 02978962CopyCopy
- Registered office
- 10-14 Hailey Road, Erith DA18 4AP
- Incorporated
- 14/10/1994
Company snapshot
- Status
- Active
- Employees
- 21 (2023)
- Latest financial data
- 2023
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
13.45%vs 20222022: £1.91M
Total Assets
18.57%vs 20222022: £2.88M
Cash in Bank
-19.12%vs 20222022: £93.02K
Total Liabilities
39.81%vs 20222022: £728.34K
Employees
+5vs 20222022: 16
In 2023, MERIDIAN TECHNICAL SERVICES LIMITED reported net assets of £2.17M. The same filing shows total assets of £3.42M, cash in bank of £75.24K and total liabilities of £1.02M. Reported headcount was 21 in 2023. Total Assets rose from £2.88M in 2022 to £3.42M in 2023 (18.57%). 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
13.45%from £1.91M 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 TECHNICAL SERVICES LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+10.2%vs 2021+5% a year compound (CAGR)
Cash in Bank
-11.9%vs 2021-6.1% a year compound (CAGR)
Total Assets
+21.6%vs 2021+10.3% a year compound (CAGR)
Total Liabilities
+57.9%vs 2021+25.6% a year compound (CAGR)
Employees
+40%vs 2021+6Biggest increase
Total Liabilities+57.9%
£645.07K in 2021 to £1.02M in 2023
Biggest decrease
Cash in Bank-11.9%
£85.39K in 2021 to £75.24K in 2023
MERIDIAN TECHNICAL SERVICES LIMITED's filings pull in both directions between 2021 and 2023. 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 MERIDIAN TECHNICAL SERVICES 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
- 63.53%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
- 29.81%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
- 7.39%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
- 2.20%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 TECHNICAL SERVICES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 1.97M | 1.91M | 2.17M |
| Total Assets£ | 2.81M | 2.88M | 3.42M |
| Cash in Bank£ | 85.39K | 93.02K | 75.24K |
| Total Liabilities£ | 645.07K | 728.34K | 1.02M |
| Employees | 15 | 16 | 21 |
MERIDIAN TECHNICAL SERVICES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MERIDIAN TECHNICAL SERVICES LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MERIDIAN TECHNICAL SERVICES LIMITED reported net assets of £2.17M for 2023. That compares with £1.91M in 2022, a change of 13.45%.
MERIDIAN TECHNICAL SERVICES LIMITED reported total assets of £3.42M for 2023. That compares with £2.88M in 2022, a change of 18.57%.
MERIDIAN TECHNICAL SERVICES LIMITED reported cash in bank of £75.24K for 2023. That compares with £93.02K in 2022, a change of -19.12%.
MERIDIAN TECHNICAL SERVICES LIMITED reported 21 employees in 2023, compared with 16 in 2022.
Between 2021 and 2023, MERIDIAN TECHNICAL SERVICES LIMITED's net assets rose by 10.2%, cash in bank fell by 11.9%, total assets rose by 21.6% and total liabilities rose by 57.9%. Net assets compounded at 5% a year across the two years to 2023, from £1.97M to £2.17M. Reported headcount went from 15 in 2021 to 21 in 2023 (+6).
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.