MERITEC LIMITED Financials
- Company number
- 03224622CopyCopy
- Registered office
- Russell Chambers, 61a North Street, Keighley, West Yorkshire BD21 3DS
- Incorporated
- 15/07/1996
Company snapshot
- Status
- Active
- Employees
- 46 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
10.75%vs 20242024: £214.83K
Total Assets
-10.73%vs 20242024: £1.74M
Cash in Bank
-16.54%vs 20242024: £441.00K
Total Liabilities
-13.75%vs 20242024: £1.51M
Employees
-9vs 20242024: 55
In 2025, MERITEC LIMITED reported net assets of £237.92K. The same filing shows total assets of £1.55M, cash in bank of £368.05K and total liabilities of £1.30M. Reported headcount was 46 in 2025. Total Liabilities fell from £1.51M in 2024 to £1.30M in 2025 (-13.75%). Okredo holds filed figures for 2021–2025; 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
10.75%from £214.83K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures MERITEC LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+13.7%vs 2023+6.6% a year compound (CAGR)
Cash in Bank
-34.4%vs 2023-19% a year compound (CAGR)
Total Assets
+3.4%vs 2023+1.7% a year compound (CAGR)
Total Liabilities
+2.4%vs 2023+1.2% a year compound (CAGR)
Employees
-19.3%vs 2023-11Biggest increase
Net Assets+13.7%
£209.20K in 2023 to £237.92K in 2025
Biggest decrease
Cash in Bank-34.4%
£560.68K in 2023 to £368.05K in 2025
MERITEC LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in net assets, pointing to a strengthening balance sheet, 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 MERITEC 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
- 15.30%2025
- 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
- 83.69%2025
- 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
- 28.29%2025
- 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
- 23.68%2025
- 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 MERITEC LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 178.71K | 183.66K | 209.20K | 214.83K | 237.92K |
| Total Assets£ | 1.44M | 1.18M | 1.50M | 1.74M | 1.55M |
| Cash in Bank£ | 582.34K | 288.49K | 560.68K | 441.00K | 368.05K |
| Total Liabilities£ | 1.23M | 976.70K | 1.27M | 1.51M | 1.30M |
| Employees | 60 | 60 | 57 | 55 | 46 |
MERITEC LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MERITEC LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
MERITEC LIMITED reported net assets of £237.92K for 2025. That compares with £214.83K in 2024, a change of 10.75%.
MERITEC LIMITED reported total assets of £1.55M for 2025. That compares with £1.74M in 2024, a change of -10.73%.
MERITEC LIMITED reported cash in bank of £368.05K for 2025. That compares with £441.00K in 2024, a change of -16.54%.
MERITEC LIMITED reported 46 employees in 2025, compared with 55 in 2024.
Between 2023 and 2025, MERITEC LIMITED's net assets rose by 13.7%, cash in bank fell by 34.4%, total assets rose by 3.4% and total liabilities rose by 2.4%. Net assets compounded at 6.6% a year across the two years to 2025, from £209.20K to £237.92K. Reported headcount went from 57 in 2023 to 46 in 2025 (-11).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.