PATCHWORK IT LTD Financials
- Company number
- 09923301CopyCopy
- Registered office
- 282 Leigh Road Leigh On Sea, Essex, Essex SS9 1BW
- Incorporated
- 21/12/2015
Company snapshot
- Status
- Active
- Employees
- 4 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
33.33%vs 20232023: £6.00K
Total Assets
33.33%vs 20232023: £6.00K
Total Liabilities
No changevs 20232023: £0.00
Employees
0vs 20232023: 4
In 2024, PATCHWORK IT LTD reported net assets of £8.00K. The same filing shows total assets of £8.00K and total liabilities of £0.00. Reported headcount was 4 in 2024. Net Assets rose from £6.00K in 2023 to £8.00K in 2024 (33.33%). 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
33.33%from £6.00K 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 PATCHWORK IT LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+33.3%vs 2022+15.5% a year compound (CAGR)
Total Assets
+33.3%vs 2022+15.5% a year compound (CAGR)
Total Liabilities
No changevs 2022Employees
+33.3%vs 2022+1Biggest increase
Net Assets+33.3%
£6.00K in 2022 to £8.00K in 2024
Every measure that changed in PATCHWORK IT LTD's filings between 2022 and 2024 rose. The steepest rise came in net assets, pointing to a strengthening balance sheet, with total assets and employee numbers climbing alongside it. Total liabilities was filed as nil in each of these years, so the direction here rests on the remaining measures. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PATCHWORK IT 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
- 100.00%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.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for PATCHWORK IT LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 1.00 | 6.00K | 6.00K | 8.00K |
| Total Assets£ | 1.00 | 6.00K | 6.00K | 8.00K |
| Cash in Bank£ | – | – | – | – |
| Total Liabilities£ | 0.00 | 0.00 | 0.00 | 0.00 |
| Employees | 0 | 3 | 4 | 4 |
PATCHWORK IT LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PATCHWORK IT LTD covering 2021–2024, across 4 reported indicators. The most recent reported year is 2024.
PATCHWORK IT LTD reported net assets of £8.00K for 2024. That compares with £6.00K in 2023, a change of 33.33%.
PATCHWORK IT LTD reported total assets of £8.00K for 2024. That compares with £6.00K in 2023, a change of 33.33%.
PATCHWORK IT LTD reported total liabilities of £0.00 for 2024. That compares with £0.00 in 2023.
PATCHWORK IT LTD reported 4 employees in 2024, compared with 4 in 2023.
Between 2022 and 2024, PATCHWORK IT LTD's net assets rose by 33.3%, total assets rose by 33.3% and employee numbers rose by 33.3%. Net assets compounded at 15.5% a year across the two years to 2024, from £6.00K to £8.00K. Reported headcount went from 3 in 2022 to 4 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.