MILECROSS FINANCIAL (SCOTLAND) LTD Financials
- Company number
- SC634752Copy
Copy - Registered office
- Milecross Financial Scotland Ltd Unit 36 Coatbridge Business Centre, 204 Main Street, Coatbridge ML5 3RB
- Incorporated
- 28/06/2019
Company snapshot
- Status
- Active
- Employees
- 9 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-4.55%vs 20232023: £1.11M
Total Assets
-0.79%vs 20232023: £2.22M
Cash in Bank
190.81%vs 20232023: £83.25K
Total Liabilities
1.39%vs 20232023: £1.10M
Employees
+2vs 20232023: 7
In 2024, MILECROSS FINANCIAL (SCOTLAND) LTD reported net assets of £1.06M. The same filing shows total assets of £2.20M, cash in bank of £242.11K and total liabilities of £1.11M. Reported headcount was 9 in 2024. Cash in Bank rose from £83.25K in 2023 to £242.11K in 2024 (190.81%). 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
-4.55%from £1.11M 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 MILECROSS FINANCIAL (SCOTLAND) LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-22%vs 2022-11.7% a year compound (CAGR)
Cash in Bank
+5.4%vs 2022+2.7% a year compound (CAGR)
Total Assets
+25.5%vs 2022+12% a year compound (CAGR)
Total Liabilities
+186%vs 2022+69.2% a year compound (CAGR)
Employees
+50%vs 2022+3Biggest increase
Total Liabilities+186%
£388.25K in 2022 to £1.11M in 2024
Biggest decrease
Net Assets-22%
£1.36M in 2022 to £1.06M in 2024
MILECROSS FINANCIAL (SCOTLAND) LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MILECROSS FINANCIAL (SCOTLAND) 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
- 48.08%2024
- Liabilities to total assets
- 50.54%2024
- Cash to liabilities
- 21.77%2024
- Cash to total assets
- 11.00%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 MILECROSS FINANCIAL (SCOTLAND) 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£ | 927.93K | 1.36M | 1.11M | 1.06M |
| Total Assets£ | 1.62M | 1.75M | 2.22M | 2.20M |
| Cash in Bank£ | 176.02K | 229.74K | 83.25K | 242.11K |
| Total Liabilities£ | 691.29K | 388.25K | 1.10M | 1.11M |
| Employees | 4 | 6 | 7 | 9 |
MILECROSS FINANCIAL (SCOTLAND) LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has MILECROSS FINANCIAL (SCOTLAND) LTD filed financial statements?
Yes. Okredo holds filed figures for MILECROSS FINANCIAL (SCOTLAND) LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did MILECROSS FINANCIAL (SCOTLAND) LTD report in 2024?
MILECROSS FINANCIAL (SCOTLAND) LTD reported net assets of £1.06M for 2024. That compares with £1.11M in 2023, a change of -4.55%.
What total assets did MILECROSS FINANCIAL (SCOTLAND) LTD report in 2024?
MILECROSS FINANCIAL (SCOTLAND) LTD reported total assets of £2.20M for 2024. That compares with £2.22M in 2023, a change of -0.79%.
What cash in bank did MILECROSS FINANCIAL (SCOTLAND) LTD report in 2024?
MILECROSS FINANCIAL (SCOTLAND) LTD reported cash in bank of £242.11K for 2024. That compares with £83.25K in 2023, a change of 190.81%.
How many people does MILECROSS FINANCIAL (SCOTLAND) LTD employ?
MILECROSS FINANCIAL (SCOTLAND) LTD reported 9 employees in 2024, compared with 7 in 2023.
How have MILECROSS FINANCIAL (SCOTLAND) LTD financials changed over the last 3 years?
Between 2022 and 2024, MILECROSS FINANCIAL (SCOTLAND) LTD's net assets fell by 22%, cash in bank rose by 5.4%, total assets rose by 25.5% and total liabilities rose by 186%. Net assets contracted at 11.7% a year across the two years to 2024, from £1.36M to £1.06M. Reported headcount went from 6 in 2022 to 9 in 2024 (+3).
Which years of MILECROSS FINANCIAL (SCOTLAND) 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.