NECESSARY MANUFACTURING LIMITED Financials
- Company number
- 02084864CopyCopy
- Registered office
- Necessary Manufacturing Ltd, Neachells Lane, Wednesfield Wolverhampton, West Midlands WV11 3PY
- Incorporated
- 17/12/1986
Company snapshot
- Status
- Active
- Employees
- 27 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-2.86%vs 20242024: £3.05M
Total Assets
-4.73%vs 20242024: £4.02M
Cash in Bank
-38.57%vs 20242024: £478.38K
Total Liabilities
-10.59%vs 20242024: £969.32K
Employees
-6vs 20242024: 33
In 2025, NECESSARY MANUFACTURING LIMITED reported net assets of £2.96M. The same filing shows total assets of £3.83M, cash in bank of £293.87K and total liabilities of £866.66K. Reported headcount was 27 in 2025. Total Assets fell from £4.02M in 2024 to £3.83M in 2025 (-4.73%). 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
-2.86%from £3.05M 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 NECESSARY MANUFACTURING LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+12.7%vs 2023+6.1% a year compound (CAGR)
Cash in Bank
+338%vs 2023+109% a year compound (CAGR)
Total Assets
-20.6%vs 2023-10.9% a year compound (CAGR)
Total Liabilities
-60.5%vs 2023-37.1% a year compound (CAGR)
Employees
-34.1%vs 2023-14Biggest increase
Cash in Bank+338%
£67.09K in 2023 to £293.87K in 2025
Biggest decrease
Total Liabilities-60.5%
£2.19M in 2023 to £866.66K in 2025
NECESSARY MANUFACTURING 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 total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from NECESSARY MANUFACTURING 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
- 77.36%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
- 22.64%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
- 33.91%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
- 7.68%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 NECESSARY MANUFACTURING 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£ | 313.07K | 1.16M | 2.63M | 3.05M | 2.96M |
| Total Assets£ | 2.01M | 3.46M | 4.82M | 4.02M | 3.83M |
| Cash in Bank£ | 231.56K | 41.28K | 67.09K | 478.38K | 293.87K |
| Total Liabilities£ | 1.70M | 2.29M | 2.19M | 969.32K | 866.66K |
| Employees | 40 | 42 | 41 | 33 | 27 |
NECESSARY MANUFACTURING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for NECESSARY MANUFACTURING LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
NECESSARY MANUFACTURING LIMITED reported net assets of £2.96M for 2025. That compares with £3.05M in 2024, a change of -2.86%.
NECESSARY MANUFACTURING LIMITED reported total assets of £3.83M for 2025. That compares with £4.02M in 2024, a change of -4.73%.
NECESSARY MANUFACTURING LIMITED reported cash in bank of £293.87K for 2025. That compares with £478.38K in 2024, a change of -38.57%.
NECESSARY MANUFACTURING LIMITED reported 27 employees in 2025, compared with 33 in 2024.
Between 2023 and 2025, NECESSARY MANUFACTURING LIMITED's net assets rose by 12.7%, cash in bank rose by 338%, total assets fell by 20.6% and total liabilities fell by 60.5%. Net assets compounded at 6.1% a year across the two years to 2025, from £2.63M to £2.96M. Reported headcount went from 41 in 2023 to 27 in 2025 (-14).
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.