MORE CHOICE FINANCIAL LTD Financials
- Company number
- 05973830Copy
Copy - Registered office
- 7 Station Square, Flitwick, Bedford MK45 1DP
- Incorporated
- 20/10/2006
Company snapshot
- Status
- Active
- Employees
- 6 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-4.60%vs 20232023: £130.73K
Total Assets
9.03%vs 20232023: £302.71K
Cash in Bank
7.51%vs 20232023: £231.58K
Total Liabilities
19.65%vs 20232023: £167.69K
Employees
+1vs 20232023: 5
In 2024, MORE CHOICE FINANCIAL LTD reported net assets of £124.72K. The same filing shows total assets of £330.04K, cash in bank of £248.97K and total liabilities of £200.64K. Reported headcount was 6 in 2024. Total Liabilities rose from £167.69K in 2023 to £200.64K in 2024 (19.65%). 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
-4.60%from £130.73K 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 MORE CHOICE FINANCIAL LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-61.3%vs 2022-37.8% a year compound (CAGR)
Cash in Bank
-15.3%vs 2022-8% a year compound (CAGR)
Total Assets
-36.2%vs 2022-20.1% a year compound (CAGR)
Total Liabilities
+5.9%vs 2022+2.9% a year compound (CAGR)
Employees
+20%vs 2022+1Biggest increase
Employees+20%
5 in 2022 to 6 in 2024
Biggest decrease
Net Assets-61.3%
£322.31K in 2022 to £124.72K in 2024
MORE CHOICE FINANCIAL LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in employee numbers, pointing to an expanding team, 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 MORE CHOICE 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
- 37.79%2024
- Liabilities to total assets
- 60.79%2024
- Cash to liabilities
- 124.09%2024
- Cash to total assets
- 75.44%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 MORE CHOICE 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£ | 438.48K | 322.31K | 130.73K | 124.72K |
| Total Assets£ | 604.64K | 517.14K | 302.71K | 330.04K |
| Cash in Bank£ | 449.47K | 294.08K | 231.58K | 248.97K |
| Total Liabilities£ | 163.63K | 189.40K | 167.69K | 200.64K |
| Employees | 5 | 5 | 5 | 6 |
MORE CHOICE FINANCIAL LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has MORE CHOICE FINANCIAL LTD filed financial statements?
Yes. Okredo holds filed figures for MORE CHOICE FINANCIAL LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did MORE CHOICE FINANCIAL LTD report in 2024?
MORE CHOICE FINANCIAL LTD reported net assets of £124.72K for 2024. That compares with £130.73K in 2023, a change of -4.60%.
What total assets did MORE CHOICE FINANCIAL LTD report in 2024?
MORE CHOICE FINANCIAL LTD reported total assets of £330.04K for 2024. That compares with £302.71K in 2023, a change of 9.03%.
What cash in bank did MORE CHOICE FINANCIAL LTD report in 2024?
MORE CHOICE FINANCIAL LTD reported cash in bank of £248.97K for 2024. That compares with £231.58K in 2023, a change of 7.51%.
How many people does MORE CHOICE FINANCIAL LTD employ?
MORE CHOICE FINANCIAL LTD reported 6 employees in 2024, compared with 5 in 2023.
How have MORE CHOICE FINANCIAL LTD financials changed over the last 3 years?
Between 2022 and 2024, MORE CHOICE FINANCIAL LTD's net assets fell by 61.3%, cash in bank fell by 15.3%, total assets fell by 36.2% and total liabilities rose by 5.9%. Net assets contracted at 37.8% a year across the two years to 2024, from £322.31K to £124.72K. Reported headcount went from 5 in 2022 to 6 in 2024 (+1).
Which years of MORE CHOICE 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.