SOCONNECT LIMITED Financials
- Company number
- SC391588CopyCopy
- Registered office
- Apex Hotels House, 1 Mid New Cultins, Edinburgh EH11 4DH
- Incorporated
- 14/01/2011
Company snapshot
- Status
- Active
- Employees
- 36 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
399.59%vs 20232023: £174.55K
Total Assets
27.42%vs 20232023: £1.59M
Cash in Bank
162.83%vs 20232023: £192.88K
Total Liabilities
-15.54%vs 20232023: £1.30M
Employees
+1vs 20232023: 35
In 2024, SOCONNECT LIMITED reported net assets of £872.06K. The same filing shows total assets of £2.03M, cash in bank of £506.96K and total liabilities of £1.10M. Reported headcount was 36 in 2024. Net Assets rose from £174.55K in 2023 to £872.06K in 2024 (399.59%). 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
399.59%from £174.55K 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 SOCONNECT LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+181%vs 2022+67.6% a year compound (CAGR)
Cash in Bank
+1958%vs 2022+354% a year compound (CAGR)
Total Assets
+7.7%vs 2022+3.8% a year compound (CAGR)
Total Liabilities
-24.4%vs 2022-13% a year compound (CAGR)
Employees
-5.3%vs 2022-2Biggest increase
Cash in Bank+1958%
£24.63K in 2022 to £506.96K in 2024
Biggest decrease
Total Liabilities-24.4%
£1.45M in 2022 to £1.10M in 2024
SOCONNECT LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, 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 SOCONNECT 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
- 42.92%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
- 54.00%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
- 46.20%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
- 24.95%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 SOCONNECT 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£ | 500.62K | 310.45K | 174.55K | 872.06K |
| Total Assets£ | 1.82M | 1.89M | 1.59M | 2.03M |
| Cash in Bank£ | 196.41K | 24.63K | 192.88K | 506.96K |
| Total Liabilities£ | 1.20M | 1.45M | 1.30M | 1.10M |
| Employees | 24 | 38 | 35 | 36 |
SOCONNECT LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SOCONNECT LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SOCONNECT LIMITED reported net assets of £872.06K for 2024. That compares with £174.55K in 2023, a change of 399.59%.
SOCONNECT LIMITED reported total assets of £2.03M for 2024. That compares with £1.59M in 2023, a change of 27.42%.
SOCONNECT LIMITED reported cash in bank of £506.96K for 2024. That compares with £192.88K in 2023, a change of 162.83%.
SOCONNECT LIMITED reported 36 employees in 2024, compared with 35 in 2023.
Between 2022 and 2024, SOCONNECT LIMITED's net assets rose by 181%, cash in bank rose by 1958%, total assets rose by 7.7% and total liabilities fell by 24.4%. Net assets compounded at 67.6% a year across the two years to 2024, from £310.45K to £872.06K. Reported headcount went from 38 in 2022 to 36 in 2024 (-2).
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.