MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED Financials
- Company number
- 03655811CopyCopy
- Registered office
- Focus House, Ham Road, Shoreham-By-Sea BN43 6PA
- Incorporated
- 20/10/1998
Company snapshot
- Status
- Active
- Employees
- 19 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-8.18%vs 20222022: £3.51M
Total Assets
-2.15%vs 20222022: £5.30M
Cash in Bank
5.88%vs 20222022: £400.64K
Total Liabilities
1.46%vs 20222022: £1.30M
Employees
-2vs 20222022: 21
In 2023, MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED reported net assets of £3.22M. The same filing shows total assets of £5.18M, cash in bank of £424.19K and total liabilities of £1.32M. Reported headcount was 19 in 2023. Net Assets fell from £3.51M in 2022 to £3.22M in 2023 (-8.18%). 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
-8.18%from £3.51M 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 MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-7%vs 2021-3.6% a year compound (CAGR)
Cash in Bank
-42.6%vs 2021-24.2% a year compound (CAGR)
Total Assets
-8.8%vs 2021-4.5% a year compound (CAGR)
Total Liabilities
-23.1%vs 2021-12.3% a year compound (CAGR)
Employees
0%vs 2021Biggest decrease
Cash in Bank-42.6%
£738.41K in 2021 to £424.19K in 2023
Every measure that changed in MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED's filings between 2021 and 2023 fell. The steepest fall came in cash in bank, pointing to a tighter cash position, with net assets, total assets and total liabilities falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MIDLAND TELECOMMUNICATIONS MANAGEMENT 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
- 62.16%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
- 25.53%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
- 32.05%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
- 8.18%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 MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 3.47M | 3.51M | 3.22M |
| Total Assets£ | 5.69M | 5.30M | 5.18M |
| Cash in Bank£ | 738.41K | 400.64K | 424.19K |
| Total Liabilities£ | 1.72M | 1.30M | 1.32M |
| Employees | 19 | 21 | 19 |
MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED reported net assets of £3.22M for 2023. That compares with £3.51M in 2022, a change of -8.18%.
MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED reported total assets of £5.18M for 2023. That compares with £5.30M in 2022, a change of -2.15%.
MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED reported cash in bank of £424.19K for 2023. That compares with £400.64K in 2022, a change of 5.88%.
MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED reported 19 employees in 2023, compared with 21 in 2022.
Between 2021 and 2023, MIDLAND TELECOMMUNICATIONS MANAGEMENT LIMITED's net assets fell by 7%, cash in bank fell by 42.6%, total assets fell by 8.8% and total liabilities fell by 23.1%. Net assets contracted at 3.6% a year across the two years to 2023, from £3.47M to £3.22M. Reported headcount went from 19 in 2021 to 19 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.