NETWORK PLUS GROUP LTD Financials
- Company number
- 12124738Copy
Copy - Registered office
- Network Plus Group Ltd Chaddock Lane, Worsley, Manchester M28 1XW
- Incorporated
- 26/07/2019
Company snapshot
- Status
- Active
- Employees
- 17,000 (2024)
- Latest financial data
- 2024
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-71.57%vs 20232023: £-9.57M
Total Assets
12.08%vs 20232023: £26.19M
Cash in Bank
58.57%vs 20232023: £251.00K
Total Liabilities
7.20%vs 20232023: £139.11M
Employees
+2000vs 20232023: 15,000
In 2024, NETWORK PLUS GROUP LTD reported net assets of £-16.41M. The same filing shows total assets of £29.35M, cash in bank of £398.00K and total liabilities of £149.12M. Reported headcount was 17,000 in 2024. Total Liabilities rose from £139.11M in 2023 to £149.12M in 2024 (7.20%). 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
-71.57%from £-9.57M 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 NETWORK PLUS GROUP LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-1356%vs 2022Cash in Bank
+457%vs 2022+136% a year compound (CAGR)
Total Assets
-76.7%vs 2022-51.8% a year compound (CAGR)
Total Liabilities
+19.4%vs 2022+9.3% a year compound (CAGR)
Employees
+642%vs 2022+14709Biggest increase
Employees+642%
2,291 in 2022 to 17,000 in 2024
Biggest decrease
Net Assets-1356%
£1.31M in 2022 to £-16.41M in 2024
NETWORK PLUS GROUP 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 NETWORK PLUS GROUP 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
- -55.93%2024
- Liabilities to total assets
- 508.06%2024
- Cash to liabilities
- 0.27%2024
- Cash to total assets
- 1.36%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 NETWORK PLUS GROUP 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£ | 10.96M | 1.31M | -9.57M | -16.41M |
| Total Assets£ | 128.58M | 126.19M | 26.19M | 29.35M |
| Cash in Bank£ | 2.80M | 71.42K | 251.00K | 398.00K |
| Total Liabilities£ | 117.62M | 124.88M | 139.11M | 149.12M |
| Employees | 1,170 | 2,291 | 15,000 | 17,000 |
NETWORK PLUS GROUP LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has NETWORK PLUS GROUP LTD filed financial statements?
Yes. Okredo holds filed figures for NETWORK PLUS GROUP LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did NETWORK PLUS GROUP LTD report in 2024?
NETWORK PLUS GROUP LTD reported net assets of £-16.41M for 2024. That compares with £-9.57M in 2023, a change of -71.57%.
What total assets did NETWORK PLUS GROUP LTD report in 2024?
NETWORK PLUS GROUP LTD reported total assets of £29.35M for 2024. That compares with £26.19M in 2023, a change of 12.08%.
What cash in bank did NETWORK PLUS GROUP LTD report in 2024?
NETWORK PLUS GROUP LTD reported cash in bank of £398.00K for 2024. That compares with £251.00K in 2023, a change of 58.57%.
How many people does NETWORK PLUS GROUP LTD employ?
NETWORK PLUS GROUP LTD reported 17,000 employees in 2024, compared with 15,000 in 2023.
How have NETWORK PLUS GROUP LTD financials changed over the last 3 years?
Between 2022 and 2024, NETWORK PLUS GROUP LTD's net assets fell by 1356%, cash in bank rose by 457%, total assets fell by 76.7% and total liabilities rose by 19.4%. Cash in bank compounded at 136% a year across the two years to 2024, from £71.42K to £398.00K. Reported headcount went from 2,291 in 2022 to 17,000 in 2024 (+14709).
Which years of NETWORK PLUS GROUP 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.