POWER ENGINEERING LIMITED Financials
- Company number
- 05317659CopyCopy
- Registered office
- Graylaw International, Gillibrands Road, Skelmersdale WN8 9TA
- Incorporated
- 20/12/2004
Company snapshot
- Status
- Active
- Employees
- 11 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
16.54%vs 20232023: £11.41M
Total Assets
14.95%vs 20232023: £11.94M
Cash in Bank
25.67%vs 20232023: £7.57M
Total Liabilities
-19.41%vs 20232023: £528.03K
Employees
0vs 20232023: 11
In 2024, POWER ENGINEERING LIMITED reported net assets of £13.30M. The same filing shows total assets of £13.72M, cash in bank of £9.51M and total liabilities of £425.54K. Reported headcount was 11 in 2024. Cash in Bank rose from £7.57M in 2023 to £9.51M in 2024 (25.67%). 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
16.54%from £11.41M 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 POWER ENGINEERING LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+42.8%vs 2022+19.5% a year compound (CAGR)
Cash in Bank
+8.3%vs 2022+4.1% a year compound (CAGR)
Total Assets
+39.3%vs 2022+18% a year compound (CAGR)
Total Liabilities
-21.5%vs 2022-11.4% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Net Assets+42.8%
£9.31M in 2022 to £13.30M in 2024
Biggest decrease
Total Liabilities-21.5%
£541.76K in 2022 to £425.54K in 2024
POWER ENGINEERING 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 POWER ENGINEERING 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
- 96.90%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
- 3.10%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
- 2,234.68%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
- 69.30%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 POWER ENGINEERING 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£ | 6.05M | 9.31M | 11.41M | 13.30M |
| Total Assets£ | 7.14M | 9.85M | 11.94M | 13.72M |
| Cash in Bank£ | 5.71M | 8.78M | 7.57M | 9.51M |
| Total Liabilities£ | 1.10M | 541.76K | 528.03K | 425.54K |
| Employees | 11 | 11 | 11 | 11 |
POWER ENGINEERING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for POWER ENGINEERING LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
POWER ENGINEERING LIMITED reported net assets of £13.30M for 2024. That compares with £11.41M in 2023, a change of 16.54%.
POWER ENGINEERING LIMITED reported total assets of £13.72M for 2024. That compares with £11.94M in 2023, a change of 14.95%.
POWER ENGINEERING LIMITED reported cash in bank of £9.51M for 2024. That compares with £7.57M in 2023, a change of 25.67%.
POWER ENGINEERING LIMITED reported 11 employees in 2024, compared with 11 in 2023.
Between 2022 and 2024, POWER ENGINEERING LIMITED's net assets rose by 42.8%, cash in bank rose by 8.3%, total assets rose by 39.3% and total liabilities fell by 21.5%. Net assets compounded at 19.5% a year across the two years to 2024, from £9.31M to £13.30M. Reported headcount went from 11 in 2022 to 11 in 2024.
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.