SIFTED (EU) LTD Financials
- Company number
- 11080313CopyCopy
- Registered office
- 20-22 Wenlock Road, London N1 7GU
- Incorporated
- 23/11/2017
Company snapshot
- Status
- Active
- Employees
- 56 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-86.45%vs 20222022: £2.95M
Total Assets
-43.42%vs 20222022: £4.43M
Cash in Bank
-74.12%vs 20222022: £3.24M
Total Liabilities
42.92%vs 20222022: £1.45M
Employees
+10vs 20222022: 46
In 2023, SIFTED (EU) LTD reported net assets of £399.04K. The same filing shows total assets of £2.51M, cash in bank of £838.02K and total liabilities of £2.08M. Reported headcount was 56 in 2023. Net Assets fell from £2.95M in 2022 to £399.04K in 2023 (-86.45%). 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
-86.45%from £2.95M 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 SIFTED (EU) LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-92%vs 2021-71.7% a year compound (CAGR)
Cash in Bank
-81.6%vs 2021-57.1% a year compound (CAGR)
Total Assets
-56.7%vs 2021-34.2% a year compound (CAGR)
Total Liabilities
+167%vs 2021+63.3% a year compound (CAGR)
Employees
+100%vs 2021+28Biggest increase
Total Liabilities+167%
£779.05K in 2021 to £2.08M in 2023
Biggest decrease
Net Assets-92%
£4.98M in 2021 to £399.04K in 2023
SIFTED (EU) LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, 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 SIFTED (EU) 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
- 15.92%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
- 82.84%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
- 40.36%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
- 33.43%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 SIFTED (EU) LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 4.98M | 2.95M | 399.04K |
| Total Assets£ | 5.78M | 4.43M | 2.51M |
| Cash in Bank£ | 4.55M | 3.24M | 838.02K |
| Total Liabilities£ | 779.05K | 1.45M | 2.08M |
| Employees | 28 | 46 | 56 |
SIFTED (EU) LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SIFTED (EU) LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
SIFTED (EU) LTD reported net assets of £399.04K for 2023. That compares with £2.95M in 2022, a change of -86.45%.
SIFTED (EU) LTD reported total assets of £2.51M for 2023. That compares with £4.43M in 2022, a change of -43.42%.
SIFTED (EU) LTD reported cash in bank of £838.02K for 2023. That compares with £3.24M in 2022, a change of -74.12%.
SIFTED (EU) LTD reported 56 employees in 2023, compared with 46 in 2022.
Between 2021 and 2023, SIFTED (EU) LTD's net assets fell by 92%, cash in bank fell by 81.6%, total assets fell by 56.7% and total liabilities rose by 167%. Net assets contracted at 71.7% a year across the two years to 2023, from £4.98M to £399.04K. Reported headcount went from 28 in 2021 to 56 in 2023 (+28).
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.