MICHAELS FINANCIAL LTD Financials
- Company number
- 13051867Copy
Copy - Registered office
- Suite 17, Cautrac Serviced Offices The Causeway, Great Horkesley, Colchester, Essex CO6 4EJ
- Incorporated
- 30/11/2020
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
266.22%vs 20232023: £-7.01K
Total Assets
891.07%vs 20232023: £3.07K
Cash in Bank
462.14%vs 20232023: £1.95K
Total Liabilities
86.11%vs 20232023: £10.07K
Employees
0vs 20232023: 5
In 2024, MICHAELS FINANCIAL LTD reported net assets of £11.65K. The same filing shows total assets of £30.40K, cash in bank of £10.97K and total liabilities of £18.75K. Reported headcount was 5 in 2024. Total Assets rose from £3.07K in 2023 to £30.40K in 2024 (891.07%). 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
266.22%from £-7.01K 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 MICHAELS FINANCIAL LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Increasedvs 2022Cash in Bank
+69.5%vs 2022+30.2% a year compound (CAGR)
Total Assets
+88.7%vs 2022+37.4% a year compound (CAGR)
Total Liabilities
-18%vs 2022-9.5% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Total Assets+88.7%
£16.11K in 2022 to £30.40K in 2024
Biggest decrease
Total Liabilities-18%
£22.88K in 2022 to £18.75K in 2024
MICHAELS FINANCIAL LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in total assets, pointing to a broader asset base, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MICHAELS FINANCIAL 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
- 38.32%2024
- Liabilities to total assets
- 61.68%2024
- Cash to liabilities
- 58.53%2024
- Cash to total assets
- 36.10%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 MICHAELS FINANCIAL 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£ | -13.45K | -6.77K | -7.01K | 11.65K |
| Total Assets£ | 15.96K | 16.11K | 3.07K | 30.40K |
| Cash in Bank£ | 12.23K | 6.47K | 1.95K | 10.97K |
| Total Liabilities£ | 29.40K | 22.88K | 10.07K | 18.75K |
| Employees | 4 | 5 | 5 | 5 |
MICHAELS FINANCIAL LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has MICHAELS FINANCIAL LTD filed financial statements?
Yes. Okredo holds filed figures for MICHAELS FINANCIAL LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did MICHAELS FINANCIAL LTD report in 2024?
MICHAELS FINANCIAL LTD reported net assets of £11.65K for 2024. That compares with £-7.01K in 2023, a change of 266.22%.
What total assets did MICHAELS FINANCIAL LTD report in 2024?
MICHAELS FINANCIAL LTD reported total assets of £30.40K for 2024. That compares with £3.07K in 2023, a change of 891.07%.
What cash in bank did MICHAELS FINANCIAL LTD report in 2024?
MICHAELS FINANCIAL LTD reported cash in bank of £10.97K for 2024. That compares with £1.95K in 2023, a change of 462.14%.
How many people does MICHAELS FINANCIAL LTD employ?
MICHAELS FINANCIAL LTD reported 5 employees in 2024, compared with 5 in 2023.
How have MICHAELS FINANCIAL LTD financials changed over the last 3 years?
Between 2022 and 2024, MICHAELS FINANCIAL LTD's cash in bank rose by 69.5%, total assets rose by 88.7%, total liabilities fell by 18% and employee numbers was unchanged. Cash in bank compounded at 30.2% a year across the two years to 2024, from £6.47K to £10.97K. Reported headcount went from 5 in 2022 to 5 in 2024.
Which years of MICHAELS FINANCIAL 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.