MILLFIELD COMPOSITES LIMITED Financials
- Company number
- 06892797CopyCopy
- Registered office
- 16 Newburn Industrial Estate, Shelley Road, Newcastle Upon Tyne NE15 9RT
- Incorporated
- 30/04/2009
Company snapshot
- Status
- Active
- Employees
- 58 (2025)
- Latest financial data
- 2025
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-24.52%vs 20242024: £3.61M
Total Assets
-25.93%vs 20242024: £5.20M
Cash in Bank
-33.27%vs 20242024: £1.47M
Total Liabilities
-37.38%vs 20242024: £1.20M
Employees
+1vs 20242024: 57
In 2025, MILLFIELD COMPOSITES LIMITED reported net assets of £2.73M. The same filing shows total assets of £3.85M, cash in bank of £980.53K and total liabilities of £752.16K. Reported headcount was 58 in 2025. Total Assets fell from £5.20M in 2024 to £3.85M in 2025 (-25.93%). 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
-24.52%from £3.61M 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 MILLFIELD COMPOSITES LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-33.2%vs 2023-18.3% a year compound (CAGR)
Cash in Bank
+285%vs 2023+96.3% a year compound (CAGR)
Total Assets
-29%vs 2023-15.7% a year compound (CAGR)
Total Liabilities
-23.1%vs 2023-12.3% a year compound (CAGR)
Employees
+13.7%vs 2023+7Biggest increase
Cash in Bank+285%
£254.59K in 2023 to £980.53K in 2025
Biggest decrease
Net Assets-33.2%
£4.08M in 2023 to £2.73M in 2025
MILLFIELD COMPOSITES LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, 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 MILLFIELD COMPOSITES 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
- 70.83%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
- 19.55%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
- 130.36%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
- 25.48%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 MILLFIELD COMPOSITES 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£ | 3.13M | 3.55M | 4.08M | 3.61M | 2.73M |
| Total Assets£ | 4.12M | 4.77M | 5.42M | 5.20M | 3.85M |
| Cash in Bank£ | 263.60K | 344.70K | 254.59K | 1.47M | 980.53K |
| Total Liabilities£ | 669.84K | 927.60K | 977.51K | 1.20M | 752.16K |
| Employees | 56 | 54 | 51 | 57 | 58 |
MILLFIELD COMPOSITES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MILLFIELD COMPOSITES LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
MILLFIELD COMPOSITES LIMITED reported net assets of £2.73M for 2025. That compares with £3.61M in 2024, a change of -24.52%.
MILLFIELD COMPOSITES LIMITED reported total assets of £3.85M for 2025. That compares with £5.20M in 2024, a change of -25.93%.
MILLFIELD COMPOSITES LIMITED reported cash in bank of £980.53K for 2025. That compares with £1.47M in 2024, a change of -33.27%.
MILLFIELD COMPOSITES LIMITED reported 58 employees in 2025, compared with 57 in 2024.
Between 2023 and 2025, MILLFIELD COMPOSITES LIMITED's net assets fell by 33.2%, cash in bank rose by 285%, total assets fell by 29% and total liabilities fell by 23.1%. Net assets contracted at 18.3% a year across the two years to 2025, from £4.08M to £2.73M. Reported headcount went from 51 in 2023 to 58 in 2025 (+7).
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.