OVEC SYSTEMS LIMITED Financials
- Company number
- SC136128CopyCopy
- Registered office
- 7 Deerdykes Road, Cumbernauld, Glasgow G68 9HF
- Incorporated
- 21/01/1992
Company snapshot
- Status
- Active
- Employees
- 20 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
12.17%vs 20232023: £4.08M
Total Assets
9.75%vs 20232023: £7.39M
Cash in Bank
45.30%vs 20232023: £1.62M
Total Liabilities
34.44%vs 20232023: £589.54K
Employees
0vs 20232023: 20
In 2024, OVEC SYSTEMS LIMITED reported net assets of £4.57M. The same filing shows total assets of £8.11M, cash in bank of £2.35M and total liabilities of £792.57K. Reported headcount was 20 in 2024. Cash in Bank rose from £1.62M in 2023 to £2.35M in 2024 (45.30%). 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
12.17%from £4.08M 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 OVEC SYSTEMS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+27.5%vs 2022+12.9% a year compound (CAGR)
Cash in Bank
+1.5%vs 2022+0.8% a year compound (CAGR)
Total Assets
+52.2%vs 2022+23.4% a year compound (CAGR)
Total Liabilities
+34.2%vs 2022+15.9% a year compound (CAGR)
Employees
+5.3%vs 2022+1Biggest increase
Total Assets+52.2%
£5.33M in 2022 to £8.11M in 2024
Every indicator Okredo holds for OVEC SYSTEMS LIMITED rose between 2022 and 2024. The steepest rise came in total assets, pointing to a broader asset base, with net assets, cash in bank, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from OVEC SYSTEMS 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
- 56.33%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
- 9.77%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
- 296.76%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
- 28.99%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 OVEC SYSTEMS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 2.85M | 3.59M | 4.08M | 4.57M |
| Total Assets£ | 4.70M | 5.33M | 7.39M | 8.11M |
| Cash in Bank£ | 2.02M | 2.32M | 1.62M | 2.35M |
| Total Liabilities£ | 673.68K | 590.46K | 589.54K | 792.57K |
| Employees | 18 | 19 | 20 | 20 |
OVEC SYSTEMS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for OVEC SYSTEMS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
OVEC SYSTEMS LIMITED reported net assets of £4.57M for 2024. That compares with £4.08M in 2023, a change of 12.17%.
OVEC SYSTEMS LIMITED reported total assets of £8.11M for 2024. That compares with £7.39M in 2023, a change of 9.75%.
OVEC SYSTEMS LIMITED reported cash in bank of £2.35M for 2024. That compares with £1.62M in 2023, a change of 45.30%.
OVEC SYSTEMS LIMITED reported 20 employees in 2024, compared with 20 in 2023.
Between 2022 and 2024, OVEC SYSTEMS LIMITED's net assets rose by 27.5%, cash in bank rose by 1.5%, total assets rose by 52.2% and total liabilities rose by 34.2%. Net assets compounded at 12.9% a year across the two years to 2024, from £3.59M to £4.57M. Reported headcount went from 19 in 2022 to 20 in 2024 (+1).
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.