SHIP IT APPLIANCES LIMITED Financials
- Company number
- 07705721CopyCopy
- Registered office
- 8 Coronet Way, Salford, Greater Manchester M50 1RE
- Incorporated
- 14/07/2011
Company snapshot
- Status
- Active
- Employees
- 11 (2024)
- Latest financial data
- 2024
- Accounts type
- Medium
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-29.76%vs 20232023: £-3.46M
Total Assets
-3.71%vs 20232023: £5.94M
Cash in Bank
171.98%vs 20232023: £92.23K
Total Liabilities
8.62%vs 20232023: £9.40M
Employees
-10vs 20232023: 21
In 2024, SHIP IT APPLIANCES LIMITED reported net assets of £-4.49M. The same filing shows total assets of £5.72M, cash in bank of £250.85K and total liabilities of £10.21M. Reported headcount was 11 in 2024. Net Assets fell from £-3.46M in 2023 to £-4.49M in 2024 (-29.76%). 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
-29.76%from £-3.46M 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 SHIP IT APPLIANCES LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Decreasedvs 2022Cash in Bank
+29%vs 2022+13.6% a year compound (CAGR)
Total Assets
+2.9%vs 2022+1.5% a year compound (CAGR)
Total Liabilities
+59.2%vs 2022+26.2% a year compound (CAGR)
Employees
-42.1%vs 2022-8Biggest increase
Total Liabilities+59.2%
£6.41M in 2022 to £10.21M in 2024
Biggest decrease
Employees-42.1%
19 in 2022 to 11 in 2024
SHIP IT APPLIANCES LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SHIP IT APPLIANCES 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
- -78.62%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
- 178.62%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
- 2.46%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
- 4.39%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £1.59M2024
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for SHIP IT APPLIANCES 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£ | -162.83K | -859.85K | -3.46M | -4.49M |
| Total Assets£ | 3.64M | 5.55M | 5.94M | 5.72M |
| Cash in Bank£ | 114.48K | 194.50K | 92.23K | 250.85K |
| Total Liabilities£ | 3.81M | 6.41M | 9.40M | 10.21M |
| Employees | 26 | 19 | 21 | 11 |
SHIP IT APPLIANCES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SHIP IT APPLIANCES LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SHIP IT APPLIANCES LIMITED reported net assets of £-4.49M for 2024. That compares with £-3.46M in 2023, a change of -29.76%.
SHIP IT APPLIANCES LIMITED reported total assets of £5.72M for 2024. That compares with £5.94M in 2023, a change of -3.71%.
SHIP IT APPLIANCES LIMITED reported cash in bank of £250.85K for 2024. That compares with £92.23K in 2023, a change of 171.98%.
SHIP IT APPLIANCES LIMITED reported 11 employees in 2024, compared with 21 in 2023.
Between 2022 and 2024, SHIP IT APPLIANCES LIMITED's cash in bank rose by 29%, total assets rose by 2.9%, total liabilities rose by 59.2% and employee numbers fell by 42.1%. Cash in bank compounded at 13.6% a year across the two years to 2024, from £194.50K to £250.85K. Reported headcount went from 19 in 2022 to 11 in 2024 (-8).
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.