MIT INCORPORATED UK LIMITED Financials
- Company number
- 01077221CopyCopy
- Registered office
- First Floor West, Davidson House, Forbury Square, Reading, Berkshire RG1 3EU
- Incorporated
- 18/10/1972
Company snapshot
- Status
- Active
- Employees
- 5 (2023)
- Latest financial data
- 2023
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
36.25%vs 20222022: £239.85K
Total Assets
41.22%vs 20222022: £283.58K
Cash in Bank
-36.11%vs 20222022: £63.03K
Total Liabilities
68.46%vs 20222022: £43.73K
Employees
-2vs 20222022: 7
In 2023, MIT INCORPORATED UK LIMITED reported net assets of £326.78K. The same filing shows total assets of £400.46K, cash in bank of £40.27K and total liabilities of £73.67K. Reported headcount was 5 in 2023. Total Assets rose from £283.58K in 2022 to £400.46K in 2023 (41.22%). 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
36.25%from £239.85K 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 MIT INCORPORATED UK LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+483%vs 2021+142% a year compound (CAGR)
Cash in Bank
-41.8%vs 2021-23.7% a year compound (CAGR)
Total Assets
+77.6%vs 2021+33.3% a year compound (CAGR)
Total Liabilities
-56.5%vs 2021-34.1% a year compound (CAGR)
Employees
-16.7%vs 2021-1Biggest increase
Net Assets+483%
£56.02K in 2021 to £326.78K in 2023
Biggest decrease
Total Liabilities-56.5%
£169.44K in 2021 to £73.67K in 2023
MIT INCORPORATED UK LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, 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 MIT INCORPORATED UK 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
- 81.60%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
- 18.40%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
- 54.66%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
- 10.06%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 MIT INCORPORATED UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 56.02K | 239.85K | 326.78K |
| Total Assets£ | 225.45K | 283.58K | 400.46K |
| Cash in Bank£ | 69.24K | 63.03K | 40.27K |
| Total Liabilities£ | 169.44K | 43.73K | 73.67K |
| Employees | 6 | 7 | 5 |
MIT INCORPORATED UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MIT INCORPORATED UK LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MIT INCORPORATED UK LIMITED reported net assets of £326.78K for 2023. That compares with £239.85K in 2022, a change of 36.25%.
MIT INCORPORATED UK LIMITED reported total assets of £400.46K for 2023. That compares with £283.58K in 2022, a change of 41.22%.
MIT INCORPORATED UK LIMITED reported cash in bank of £40.27K for 2023. That compares with £63.03K in 2022, a change of -36.11%.
MIT INCORPORATED UK LIMITED reported 5 employees in 2023, compared with 7 in 2022.
Between 2021 and 2023, MIT INCORPORATED UK LIMITED's net assets rose by 483%, cash in bank fell by 41.8%, total assets rose by 77.6% and total liabilities fell by 56.5%. Net assets compounded at 142% a year across the two years to 2023, from £56.02K to £326.78K. Reported headcount went from 6 in 2021 to 5 in 2023 (-1).
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.