SHEET METAL SOLUTIONS LIMITED Financials
- Company number
- 08885764CopyCopy
- Registered office
- Onega House, 112 Main Road, Sidcup, Kent DA14 6NE
- Incorporated
- 11/02/2014
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
157.45%vs 20232023: £318.69K
Total Assets
51.01%vs 20232023: £1.02M
Cash in Bank
196.15%vs 20232023: £255.81K
Total Liabilities
2.59%vs 20232023: £700.58K
Employees
+2vs 20232023: 9
In 2024, SHEET METAL SOLUTIONS LIMITED reported net assets of £820.47K. The same filing shows total assets of £1.54M, cash in bank of £757.60K and total liabilities of £718.76K. Reported headcount was 11 in 2024. Total Assets rose from £1.02M in 2023 to £1.54M in 2024 (51.01%). 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
157.45%from £318.69K 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 SHEET METAL SOLUTIONS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+25.5%vs 2022+12% a year compound (CAGR)
Cash in Bank
+71.7%vs 2022+31% a year compound (CAGR)
Total Assets
+13.1%vs 2022+6.4% a year compound (CAGR)
Total Liabilities
+1.7%vs 2022+0.8% a year compound (CAGR)
Employees
+10%vs 2022+1Biggest increase
Cash in Bank+71.7%
£441.21K in 2022 to £757.60K in 2024
Every indicator Okredo holds for SHEET METAL SOLUTIONS LIMITED rose between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SHEET METAL SOLUTIONS 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
- 53.30%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
- 46.70%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
- 105.40%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
- 49.22%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 SHEET METAL SOLUTIONS 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£ | 425.85K | 653.92K | 318.69K | 820.47K |
| Total Assets£ | 1.07M | 1.36M | 1.02M | 1.54M |
| Cash in Bank£ | 188.85K | 441.21K | 255.81K | 757.60K |
| Total Liabilities£ | 643.74K | 706.73K | 700.58K | 718.76K |
| Employees | 13 | 10 | 9 | 11 |
SHEET METAL SOLUTIONS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SHEET METAL SOLUTIONS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SHEET METAL SOLUTIONS LIMITED reported net assets of £820.47K for 2024. That compares with £318.69K in 2023, a change of 157.45%.
SHEET METAL SOLUTIONS LIMITED reported total assets of £1.54M for 2024. That compares with £1.02M in 2023, a change of 51.01%.
SHEET METAL SOLUTIONS LIMITED reported cash in bank of £757.60K for 2024. That compares with £255.81K in 2023, a change of 196.15%.
SHEET METAL SOLUTIONS LIMITED reported 11 employees in 2024, compared with 9 in 2023.
Between 2022 and 2024, SHEET METAL SOLUTIONS LIMITED's net assets rose by 25.5%, cash in bank rose by 71.7%, total assets rose by 13.1% and total liabilities rose by 1.7%. Net assets compounded at 12% a year across the two years to 2024, from £653.92K to £820.47K. Reported headcount went from 10 in 2022 to 11 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.