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OAKBANK FINANCIAL SERVICES LTD. Financials

Company number
SC340417Copy
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Registered office
5 Charlotte Street, Perth PH1 5LW
Incorporated
28/03/2008

Company snapshot

Status
Active
Employees
13 (2024)
Latest financial data
2024
Accounts type
Total Exemption Full

Financial highlights

Latest reported figures. Okredo holds filed data for 2021–2024.

Net Assets

£66.74K2024
-74.39%vs 2023

2023: £260.61K

Total Assets

£138.71K2024
-61.37%vs 2023

2023: £359.04K

Cash in Bank

£114.13K2024
-38.95%vs 2023

2023: £186.94K

Total Liabilities

£71.97K2024
-26.88%vs 2023

2023: £98.43K

Employees

132024
-2vs 2023

2023: 15

In 2024, OAKBANK FINANCIAL SERVICES LTD. reported net assets of £66.74K. The same filing shows total assets of £138.71K, cash in bank of £114.13K and total liabilities of £71.97K. Reported headcount was 13 in 2024. Total Assets fell from £359.04K in 2023 to £138.71K in 2024 (-61.37%). 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

£66.74K2024
-74.39%from £260.61K in 2023

Year-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 OAKBANK FINANCIAL SERVICES LTD. filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.

Net Assets

£248.82K2022£66.74K2024
-73.2%vs 2022

-48.2% a year compound (CAGR)

Cash in Bank

£320.81K2022£114.13K2024
-64.4%vs 2022

-40.4% a year compound (CAGR)

Total Assets

£352.89K2022£138.71K2024
-60.7%vs 2022

-37.3% a year compound (CAGR)

Total Liabilities

£104.06K2022£71.97K2024
-30.8%vs 2022

-16.8% a year compound (CAGR)

Employees

132022132024
0%vs 2022

Biggest decrease

Net Assets-73.2%

£248.82K in 2022 to £66.74K in 2024

Every measure that changed in OAKBANK FINANCIAL SERVICES LTD.'s filings between 2022 and 2024 fell. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets and total liabilities falling alongside it. See the full year-by-year figures.

Ratios from the filed figures

Calculated from OAKBANK FINANCIAL SERVICES 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
48.11%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.

Liabilities to total assets
51.89%2024

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
158.58%2024

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
82.28%2024

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 OAKBANK FINANCIAL SERVICES LTD. by year. Amounts are as filed; a dash means the figure was not reported for that year.

Indicator2021202220232024
Net Assets£123.58K248.82K260.61K66.74K
Total Assets£190.54K352.89K359.04K138.71K
Cash in Bank£159.28K320.81K186.94K114.13K
Total Liabilities£51.33K104.06K98.43K71.97K
Employees10131513

OAKBANK FINANCIAL SERVICES LTD. financials: frequently asked questions

Answered from this company's own filed figures.

Has OAKBANK FINANCIAL SERVICES LTD. filed financial statements?

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Yes. Okredo holds filed figures for OAKBANK FINANCIAL SERVICES LTD. covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.

What net assets did OAKBANK FINANCIAL SERVICES LTD. report in 2024?

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OAKBANK FINANCIAL SERVICES LTD. reported net assets of £66.74K for 2024. That compares with £260.61K in 2023, a change of -74.39%.

What total assets did OAKBANK FINANCIAL SERVICES LTD. report in 2024?

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OAKBANK FINANCIAL SERVICES LTD. reported total assets of £138.71K for 2024. That compares with £359.04K in 2023, a change of -61.37%.

What cash in bank did OAKBANK FINANCIAL SERVICES LTD. report in 2024?

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OAKBANK FINANCIAL SERVICES LTD. reported cash in bank of £114.13K for 2024. That compares with £186.94K in 2023, a change of -38.95%.

How many people does OAKBANK FINANCIAL SERVICES LTD. employ?

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OAKBANK FINANCIAL SERVICES LTD. reported 13 employees in 2024, compared with 15 in 2023.

How have OAKBANK FINANCIAL SERVICES LTD. financials changed over the last 3 years?

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Between 2022 and 2024, OAKBANK FINANCIAL SERVICES LTD.'s net assets fell by 73.2%, cash in bank fell by 64.4%, total assets fell by 60.7% and total liabilities fell by 30.8%. Net assets contracted at 48.2% a year across the two years to 2024, from £248.82K to £66.74K. Reported headcount went from 13 in 2022 to 13 in 2024.

Which years of OAKBANK FINANCIAL SERVICES LTD. financial data are available?

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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.