PASSTECH MACHINE TOOLS LIMITED Financials
- Company number
- 03925898Copy
Copy - Registered office
- 3 Bunhill Row, London EC1Y 8YZ
- Incorporated
- 15/02/2000
Company snapshot
- Status
- Active
- Employees
- 7 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-6.80%vs 20232023: £2.64M
Total Assets
-10.00%vs 20232023: £4.08M
Cash in Bank
5.88%vs 20232023: £1.45M
Total Liabilities
-15.87%vs 20232023: £1.44M
Employees
0vs 20232023: 7
In 2024, PASSTECH MACHINE TOOLS LIMITED reported net assets of £2.46M. The same filing shows total assets of £3.67M, cash in bank of £1.54M and total liabilities of £1.21M. Reported headcount was 7 in 2024. Total Assets fell from £4.08M in 2023 to £3.67M in 2024 (-10.00%). 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
-6.80%from £2.64M 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 PASSTECH MACHINE TOOLS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+51.3%vs 2022+23% a year compound (CAGR)
Cash in Bank
+23.9%vs 2022+11.3% a year compound (CAGR)
Total Assets
+2.3%vs 2022+1.1% a year compound (CAGR)
Total Liabilities
-38%vs 2022-21.3% a year compound (CAGR)
Employees
+16.7%vs 2022+1Biggest increase
Net Assets+51.3%
£1.63M in 2022 to £2.46M in 2024
Biggest decrease
Total Liabilities-38%
£1.95M in 2022 to £1.21M in 2024
PASSTECH MACHINE TOOLS LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PASSTECH MACHINE TOOLS 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
- 67.04%2024
- Liabilities to total assets
- 32.96%2024
- Cash to liabilities
- 127.14%2024
- Cash to total assets
- 41.91%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 PASSTECH MACHINE TOOLS 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£ | 592.70K | 1.63M | 2.64M | 2.46M |
| Total Assets£ | 6.67M | 3.59M | 4.08M | 3.67M |
| Cash in Bank£ | 5.45M | 1.24M | 1.45M | 1.54M |
| Total Liabilities£ | 6.07M | 1.95M | 1.44M | 1.21M |
| Employees | 4 | 6 | 7 | 7 |
PASSTECH MACHINE TOOLS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has PASSTECH MACHINE TOOLS LIMITED filed financial statements?
Yes. Okredo holds filed figures for PASSTECH MACHINE TOOLS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did PASSTECH MACHINE TOOLS LIMITED report in 2024?
PASSTECH MACHINE TOOLS LIMITED reported net assets of £2.46M for 2024. That compares with £2.64M in 2023, a change of -6.80%.
What total assets did PASSTECH MACHINE TOOLS LIMITED report in 2024?
PASSTECH MACHINE TOOLS LIMITED reported total assets of £3.67M for 2024. That compares with £4.08M in 2023, a change of -10.00%.
What cash in bank did PASSTECH MACHINE TOOLS LIMITED report in 2024?
PASSTECH MACHINE TOOLS LIMITED reported cash in bank of £1.54M for 2024. That compares with £1.45M in 2023, a change of 5.88%.
How many people does PASSTECH MACHINE TOOLS LIMITED employ?
PASSTECH MACHINE TOOLS LIMITED reported 7 employees in 2024, compared with 7 in 2023.
How have PASSTECH MACHINE TOOLS LIMITED financials changed over the last 3 years?
Between 2022 and 2024, PASSTECH MACHINE TOOLS LIMITED's net assets rose by 51.3%, cash in bank rose by 23.9%, total assets rose by 2.3% and total liabilities fell by 38%. Net assets compounded at 23% a year across the two years to 2024, from £1.63M to £2.46M. Reported headcount went from 6 in 2022 to 7 in 2024 (+1).
Which years of PASSTECH MACHINE TOOLS LIMITED 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.