PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED Financials
- Company number
- 07461442CopyCopy
- Registered office
- Kingsnorth House, Blenheim Way, Birmingham, West Midlands B44 8LS
- Incorporated
- 06/12/2010
Company snapshot
- Status
- Active
- Employees
- 8 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
15.55%vs 20232023: £129.51K
Total Assets
85.62%vs 20232023: £572.83K
Cash in Bank
381.46%vs 20232023: £34.28K
Total Liabilities
106.09%vs 20232023: £443.32K
Employees
+1vs 20232023: 7
In 2024, PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED reported net assets of £149.65K. The same filing shows total assets of £1.06M, cash in bank of £165.03K and total liabilities of £913.62K. Reported headcount was 8 in 2024. Total Assets rose from £572.83K in 2023 to £1.06M in 2024 (85.62%). 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
15.55%from £129.51K 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 PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+257%vs 2022+88.9% a year compound (CAGR)
Cash in Bank
+130%vs 2022+51.7% a year compound (CAGR)
Employees
+60%vs 2022+3Biggest increase
Net Assets+257%
£41.93K in 2022 to £149.65K in 2024
Every indicator Okredo holds for PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED rose between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, with cash in bank and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PALINGS MECHANICAL & ELECTRICAL SERVICES 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
- 14.07%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
- 85.93%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
- 18.06%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
- 15.52%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 PALINGS MECHANICAL & ELECTRICAL SERVICES 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£ | 6.09K | 41.93K | 129.51K | 149.65K |
| Total Assets£ | 410.51K | – | 572.83K | 1.06M |
| Cash in Bank£ | 62.63K | 71.76K | 34.28K | 165.03K |
| Total Liabilities£ | 404.42K | – | 443.32K | 913.62K |
| Employees | 4 | 5 | 7 | 8 |
PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED reported net assets of £149.65K for 2024. That compares with £129.51K in 2023, a change of 15.55%.
PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED reported total assets of £1.06M for 2024. That compares with £572.83K in 2023, a change of 85.62%.
PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED reported cash in bank of £165.03K for 2024. That compares with £34.28K in 2023, a change of 381.46%.
PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED reported 8 employees in 2024, compared with 7 in 2023.
Between 2022 and 2024, PALINGS MECHANICAL & ELECTRICAL SERVICES LIMITED's net assets rose by 257%, cash in bank rose by 130% and employee numbers rose by 60%. Net assets compounded at 88.9% a year across the two years to 2024, from £41.93K to £149.65K. Reported headcount went from 5 in 2022 to 8 in 2024 (+3).
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.