POWER SERVICE SOLUTIONS LTD Financials
- Company number
- 10886127CopyCopy
- Registered office
- 62f Lord Avenue, Teesside Industrial Estate, Stockton-On-Tees TS17 9JX
- Incorporated
- 27/07/2017
Company snapshot
- Status
- Active
- Employees
- 9 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
40.37%vs 20222022: £196.10K
Total Assets
11.36%vs 20222022: £268.54K
Total Liabilities
-67.19%vs 20222022: £72.44K
Employees
+1vs 20222022: 8
In 2023, POWER SERVICE SOLUTIONS LTD reported net assets of £275.26K. The same filing shows total assets of £299.03K and total liabilities of £23.77K. Reported headcount was 9 in 2023. Net Assets rose from £196.10K in 2022 to £275.26K in 2023 (40.37%). Okredo holds filed figures for 2021–2023; 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
40.37%from £196.10K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures POWER SERVICE SOLUTIONS LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+137%vs 2021+53.9% a year compound (CAGR)
Total Assets
+50.8%vs 2021+22.8% a year compound (CAGR)
Total Liabilities
-71%vs 2021-46.1% a year compound (CAGR)
Employees
+50%vs 2021+3Biggest increase
Net Assets+137%
£116.29K in 2021 to £275.26K in 2023
Biggest decrease
Total Liabilities-71%
£81.97K in 2021 to £23.77K in 2023
POWER SERVICE SOLUTIONS LTD's filings pull in both directions between 2021 and 2023. 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 SERVICE SOLUTIONS 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
- 92.05%2023
- 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
- 7.95%2023
- 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.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for POWER SERVICE SOLUTIONS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 116.29K | 196.10K | 275.26K |
| Total Assets£ | 198.26K | 268.54K | 299.03K |
| Cash in Bank£ | – | – | – |
| Total Liabilities£ | 81.97K | 72.44K | 23.77K |
| Employees | 6 | 8 | 9 |
POWER SERVICE SOLUTIONS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for POWER SERVICE SOLUTIONS LTD covering 2021–2023, across 4 reported indicators. The most recent reported year is 2023.
POWER SERVICE SOLUTIONS LTD reported net assets of £275.26K for 2023. That compares with £196.10K in 2022, a change of 40.37%.
POWER SERVICE SOLUTIONS LTD reported total assets of £299.03K for 2023. That compares with £268.54K in 2022, a change of 11.36%.
POWER SERVICE SOLUTIONS LTD reported total liabilities of £23.77K for 2023. That compares with £72.44K in 2022, a change of -67.19%.
POWER SERVICE SOLUTIONS LTD reported 9 employees in 2023, compared with 8 in 2022.
Between 2021 and 2023, POWER SERVICE SOLUTIONS LTD's net assets rose by 137%, total assets rose by 50.8%, total liabilities fell by 71% and employee numbers rose by 50%. Net assets compounded at 53.9% a year across the two years to 2023, from £116.29K to £275.26K. Reported headcount went from 6 in 2021 to 9 in 2023 (+3).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.