METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED Financials
- Company number
- 02485577CopyCopy
- Registered office
- Saffron House, 6-10 Kirby Street, London EC1N 8TS
- Incorporated
- 26/03/1990
Company snapshot
- Status
- Active
- Employees
- 5 (2024)
- Latest financial data
- 2024
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-56.19%vs 20232023: £7.61M
Total Assets
-100.00%vs 20232023: £114.72K
Cash in Bank
9.29K%vs 20232023: £587.00
Total Liabilities
-12.95%vs 20212021: £16.90M
Employees
+1vs 20232023: 4
In 2024, METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED reported net assets of £3.34M. The same filing shows total assets of £0.00, cash in bank of £55.12K and total liabilities of £14.71M. Reported headcount was 5 in 2024. Net Assets fell from £7.61M in 2023 to £3.34M in 2024 (-56.19%). 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
-56.19%from £7.61M 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 METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-77.1%vs 2022-52.2% a year compound (CAGR)
Cash in Bank
-99.5%vs 2022-92.7% a year compound (CAGR)
Total Assets
-100%vs 2022Employees
-97.9%vs 2022-229Biggest decrease
Total Assets-100%
£29.28M in 2022 to £0.00 in 2024
Every indicator Okredo holds for METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED fell between 2022 and 2024. The steepest fall came in total assets, pointing to a narrowing asset base, with net assets, cash in bank and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from METHODS BUSINESS AND DIGITAL TECHNOLOGY 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
- 6,636.04%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
- 50.24%2022
- 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
- 69.58%2022
- 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
- 0.51%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 METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 12.58M | 14.57M | 7.61M | 3.34M |
| Total Assets£ | 29.48M | 29.28M | 114.72K | 0.00 |
| Cash in Bank£ | 14.09M | 10.24M | 587.00 | 55.12K |
| Total Liabilities£ | 16.90M | 14.71M | – | – |
| Employees | 210 | 234 | 4 | 5 |
METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED reported net assets of £3.34M for 2024. That compares with £7.61M in 2023, a change of -56.19%.
METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED reported total assets of £0.00 for 2024. That compares with £114.72K in 2023, a change of -100.00%.
METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED reported cash in bank of £55.12K for 2024. That compares with £587.00 in 2023, a change of 9.29K%.
METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED reported 5 employees in 2024, compared with 4 in 2023.
Between 2022 and 2024, METHODS BUSINESS AND DIGITAL TECHNOLOGY LIMITED's net assets fell by 77.1%, cash in bank fell by 99.5%, total assets fell by 100% and employee numbers fell by 97.9%. Net assets contracted at 52.2% a year across the two years to 2024, from £14.57M to £3.34M. Reported headcount went from 234 in 2022 to 5 in 2024 (-229).
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.