MTECH IT (LEEDS) LIMITED Financials
- Company number
- 08000428CopyCopy
- Registered office
- Suite B Earlsdon Park, 53-55 Butts Road, Coventry CV1 3BH
- Incorporated
- 21/03/2012
Company snapshot
- Status
- Active
- Employees
- 29 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-15.19%vs 20222022: £289.65K
Total Assets
-3.75%vs 20222022: £1.11M
Cash in Bank
582.81%vs 20222022: £30.24K
Total Liabilities
-2.80%vs 20222022: £712.65K
Employees
+7vs 20222022: 22
In 2023, MTECH IT (LEEDS) LIMITED reported net assets of £245.65K. The same filing shows total assets of £1.07M, cash in bank of £206.49K and total liabilities of £692.70K. Reported headcount was 29 in 2023. Cash in Bank rose from £30.24K in 2022 to £206.49K in 2023 (582.81%). 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
-15.19%from £289.65K 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 MTECH IT (LEEDS) LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-47.1%vs 2021-27.3% a year compound (CAGR)
Cash in Bank
+4095%vs 2021+548% a year compound (CAGR)
Total Assets
-11.5%vs 2021-5.9% a year compound (CAGR)
Total Liabilities
+<0.1%vs 2021+<0.1% a year compound (CAGR)
Employees
+70.6%vs 2021+12Biggest increase
Cash in Bank+4095%
£4.92K in 2021 to £206.49K in 2023
Biggest decrease
Net Assets-47.1%
£464.19K in 2021 to £245.65K in 2023
MTECH IT (LEEDS) LIMITED's filings pull in both directions between 2021 and 2023. 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 MTECH IT (LEEDS) 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
- 23.06%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
- 65.04%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
- 29.81%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
- 19.39%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 MTECH IT (LEEDS) LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 464.19K | 289.65K | 245.65K |
| Total Assets£ | 1.20M | 1.11M | 1.07M |
| Cash in Bank£ | 4.92K | 30.24K | 206.49K |
| Total Liabilities£ | 692.42K | 712.65K | 692.70K |
| Employees | 17 | 22 | 29 |
MTECH IT (LEEDS) LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MTECH IT (LEEDS) LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
MTECH IT (LEEDS) LIMITED reported net assets of £245.65K for 2023. That compares with £289.65K in 2022, a change of -15.19%.
MTECH IT (LEEDS) LIMITED reported total assets of £1.07M for 2023. That compares with £1.11M in 2022, a change of -3.75%.
MTECH IT (LEEDS) LIMITED reported cash in bank of £206.49K for 2023. That compares with £30.24K in 2022, a change of 582.81%.
MTECH IT (LEEDS) LIMITED reported 29 employees in 2023, compared with 22 in 2022.
Between 2021 and 2023, MTECH IT (LEEDS) LIMITED's net assets fell by 47.1%, cash in bank rose by 4095%, total assets fell by 11.5% and total liabilities rose by <0.1%. Net assets contracted at 27.3% a year across the two years to 2023, from £464.19K to £245.65K. Reported headcount went from 17 in 2021 to 29 in 2023 (+12).
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.