OPAL IT LIMITED Financials
- Company number
- 06590553CopyCopy
- Registered office
- 4 Old Station Road, Hampton-In-Arden, Solihull B92 0HA
- Incorporated
- 13/05/2008
Company snapshot
- Status
- Active
- Employees
- 12 (2023)
- Latest financial data
- 2023
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
15.42%vs 20222022: £376.35K
Total Assets
2.89%vs 20222022: £846.17K
Cash in Bank
306.64%vs 20222022: £1.45K
Total Liabilities
-7.15%vs 20222022: £469.82K
Employees
0vs 20222022: 12
In 2023, OPAL IT LIMITED reported net assets of £434.39K. The same filing shows total assets of £870.62K, cash in bank of £5.88K and total liabilities of £436.22K. Reported headcount was 12 in 2023. Net Assets rose from £376.35K in 2022 to £434.39K in 2023 (15.42%). 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
15.42%from £376.35K 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 OPAL IT LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+304%vs 2021+101% a year compound (CAGR)
Cash in Bank
-96.7%vs 2021-81.7% a year compound (CAGR)
Total Assets
+57.5%vs 2021+25.5% a year compound (CAGR)
Total Liabilities
-2%vs 2021-1% a year compound (CAGR)
Employees
-7.7%vs 2021-1Biggest increase
Net Assets+304%
£107.56K in 2021 to £434.39K in 2023
Biggest decrease
Cash in Bank-96.7%
£175.56K in 2021 to £5.88K in 2023
OPAL IT LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from OPAL IT 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
- 49.89%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
- 50.11%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
- 1.35%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
- 0.68%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 OPAL IT LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 107.56K | 376.35K | 434.39K |
| Total Assets£ | 552.89K | 846.17K | 870.62K |
| Cash in Bank£ | 175.56K | 1.45K | 5.88K |
| Total Liabilities£ | 445.33K | 469.82K | 436.22K |
| Employees | 13 | 12 | 12 |
OPAL IT LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for OPAL IT LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
OPAL IT LIMITED reported net assets of £434.39K for 2023. That compares with £376.35K in 2022, a change of 15.42%.
OPAL IT LIMITED reported total assets of £870.62K for 2023. That compares with £846.17K in 2022, a change of 2.89%.
OPAL IT LIMITED reported cash in bank of £5.88K for 2023. That compares with £1.45K in 2022, a change of 306.64%.
OPAL IT LIMITED reported 12 employees in 2023, compared with 12 in 2022.
Between 2021 and 2023, OPAL IT LIMITED's net assets rose by 304%, cash in bank fell by 96.7%, total assets rose by 57.5% and total liabilities fell by 2%. Net assets compounded at 101% a year across the two years to 2023, from £107.56K to £434.39K. Reported headcount went from 13 in 2021 to 12 in 2023 (-1).
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.