PRIME FREIGHT LTD Financials
- Company number
- 11204981CopyCopy
- Registered office
- 1 Dukes Quay, Mitchell Street, Stockton Heath WA4 6LS
- Incorporated
- 14/02/2018
Company snapshot
- Status
- Liquidation
- Employees
- 5 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-89.94%vs 20222022: £5.70K
Total Assets
-5.38%vs 20222022: £491.99K
Cash in Bank
-92.18%vs 20222022: £11.64K
Total Liabilities
-4.33%vs 20222022: £483.25K
Employees
0vs 20222022: 5
In 2023, PRIME FREIGHT LTD reported net assets of £574.00. The same filing shows total assets of £465.50K, cash in bank of £910.00 and total liabilities of £462.35K. Reported headcount was 5 in 2023. Total Assets fell from £491.99K in 2022 to £465.50K in 2023 (-5.38%). 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
-89.94%from £5.70K 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 PRIME FREIGHT LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-89.2%vs 2021-67.1% a year compound (CAGR)
Total Assets
+30.6%vs 2021+14.3% a year compound (CAGR)
Total Liabilities
+31.7%vs 2021+14.8% a year compound (CAGR)
Employees
+66.7%vs 2021+2Biggest increase
Employees+66.7%
3 in 2021 to 5 in 2023
Biggest decrease
Net Assets-89.2%
£5.30K in 2021 to £574.00 in 2023
PRIME FREIGHT LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PRIME FREIGHT 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
- 0.12%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
- 99.32%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.
- Cash to liabilities
- 0.20%2023
- 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
- 0.20%2023
- 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 PRIME FREIGHT LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 5.30K | 5.70K | 574.00 |
| Total Assets£ | 356.43K | 491.99K | 465.50K |
| Cash in Bank£ | – | 11.64K | 910.00 |
| Total Liabilities£ | 351.12K | 483.25K | 462.35K |
| Employees | 3 | 5 | 5 |
PRIME FREIGHT LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PRIME FREIGHT LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
PRIME FREIGHT LTD reported net assets of £574.00 for 2023. That compares with £5.70K in 2022, a change of -89.94%.
PRIME FREIGHT LTD reported total assets of £465.50K for 2023. That compares with £491.99K in 2022, a change of -5.38%.
PRIME FREIGHT LTD reported cash in bank of £910.00 for 2023. That compares with £11.64K in 2022, a change of -92.18%.
PRIME FREIGHT LTD reported 5 employees in 2023, compared with 5 in 2022.
Between 2021 and 2023, PRIME FREIGHT LTD's net assets fell by 89.2%, total assets rose by 30.6%, total liabilities rose by 31.7% and employee numbers rose by 66.7%. Net assets contracted at 67.1% a year across the two years to 2023, from £5.30K to £574.00. Reported headcount went from 3 in 2021 to 5 in 2023 (+2).
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.