SOLACE IN BUSINESS LTD Financials
- Company number
- 03150254Copy
Copy - Registered office
- Ground Floor, 2 Red Hall Court, Wakefield WF1 2UN
- Incorporated
- 24/01/1996
Company snapshot
- Status
- Active
- Employees
- 16 (2025)
- Latest financial data
- 2025
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
2.63%vs 20242024: £518.19K
Total Assets
-21.57%vs 20242024: £1.79M
Cash in Bank
727.95%vs 20242024: £40.88K
Total Liabilities
-31.42%vs 20242024: £1.21M
Employees
-4vs 20242024: 20
In 2025, SOLACE IN BUSINESS LTD reported net assets of £531.82K. The same filing shows total assets of £1.41M, cash in bank of £338.50K and total liabilities of £827.22K. Reported headcount was 16 in 2025. Total Assets fell from £1.79M in 2024 to £1.41M in 2025 (-21.57%). Okredo holds filed figures for 2021–2025; 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
2.63%from £518.19K in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures SOLACE IN BUSINESS LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-13.5%vs 2023-7% a year compound (CAGR)
Cash in Bank
+39.6%vs 2023+18.2% a year compound (CAGR)
Total Assets
-21.3%vs 2023-11.3% a year compound (CAGR)
Total Liabilities
-26.5%vs 2023-14.3% a year compound (CAGR)
Employees
-15.8%vs 2023-3Biggest increase
Cash in Bank+39.6%
£242.42K in 2023 to £338.50K in 2025
Biggest decrease
Total Liabilities-26.5%
£1.13M in 2023 to £827.22K in 2025
SOLACE IN BUSINESS LTD's filings pull in both directions between 2023 and 2025. 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 SOLACE IN BUSINESS 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
- 37.79%2025
- Liabilities to total assets
- 58.79%2025
- Cash to liabilities
- 40.92%2025
- Cash to total assets
- 24.06%2025
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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 SOLACE IN BUSINESS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 545.75K | 589.54K | 614.93K | 518.19K | 531.82K |
| Total Assets£ | 1.65M | 1.69M | 1.79M | 1.79M | 1.41M |
| Cash in Bank£ | 602.30K | 540.42K | 242.42K | 40.88K | 338.50K |
| Total Liabilities£ | 1.04M | 1.04M | 1.13M | 1.21M | 827.22K |
| Employees | 21 | 22 | 19 | 20 | 16 |
SOLACE IN BUSINESS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has SOLACE IN BUSINESS LTD filed financial statements?
Yes. Okredo holds filed figures for SOLACE IN BUSINESS LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
What net assets did SOLACE IN BUSINESS LTD report in 2025?
SOLACE IN BUSINESS LTD reported net assets of £531.82K for 2025. That compares with £518.19K in 2024, a change of 2.63%.
What total assets did SOLACE IN BUSINESS LTD report in 2025?
SOLACE IN BUSINESS LTD reported total assets of £1.41M for 2025. That compares with £1.79M in 2024, a change of -21.57%.
What cash in bank did SOLACE IN BUSINESS LTD report in 2025?
SOLACE IN BUSINESS LTD reported cash in bank of £338.50K for 2025. That compares with £40.88K in 2024, a change of 727.95%.
How many people does SOLACE IN BUSINESS LTD employ?
SOLACE IN BUSINESS LTD reported 16 employees in 2025, compared with 20 in 2024.
How have SOLACE IN BUSINESS LTD financials changed over the last 3 years?
Between 2023 and 2025, SOLACE IN BUSINESS LTD's net assets fell by 13.5%, cash in bank rose by 39.6%, total assets fell by 21.3% and total liabilities fell by 26.5%. Net assets contracted at 7% a year across the two years to 2025, from £614.93K to £531.82K. Reported headcount went from 19 in 2023 to 16 in 2025 (-3).
Which years of SOLACE IN BUSINESS LTD financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.