SOUTH SHORE METAL FABRICATIONS LTD Financials
- Company number
- 06955085CopyCopy
- Registered office
- Ground Floor Seneca House Links Point, Amy Johnson Way, Blackpool, Lancashire FY4 2FF
- Incorporated
- 07/07/2009
Company snapshot
- Status
- Active
- Employees
- 9 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
1.53K%vs 20232023: £1.19K
Total Assets
15.95%vs 20232023: £225.23K
Cash in Bank
31.54%vs 20232023: £63.14K
Total Liabilities
7.91%vs 20232023: £224.04K
Employees
0vs 20232023: 9
In 2024, SOUTH SHORE METAL FABRICATIONS LTD reported net assets of £19.40K. The same filing shows total assets of £261.16K, cash in bank of £83.05K and total liabilities of £241.76K. Reported headcount was 9 in 2024. Total Assets rose from £225.23K in 2023 to £261.16K in 2024 (15.95%). 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
1.53K%from £1.19K 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 SOUTH SHORE METAL FABRICATIONS LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-29.8%vs 2022-16.2% a year compound (CAGR)
Cash in Bank
+70.2%vs 2022+30.5% a year compound (CAGR)
Total Assets
+6%vs 2022+2.9% a year compound (CAGR)
Total Liabilities
+10.5%vs 2022+5.1% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Cash in Bank+70.2%
£48.80K in 2022 to £83.05K in 2024
Biggest decrease
Net Assets-29.8%
£27.63K in 2022 to £19.40K in 2024
SOUTH SHORE METAL FABRICATIONS LTD'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 net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SOUTH SHORE METAL FABRICATIONS 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
- 7.43%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
- 92.57%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
- 34.35%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
- 31.80%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 SOUTH SHORE METAL FABRICATIONS LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 30.44K | 27.63K | 1.19K | 19.40K |
| Total Assets£ | 261.84K | 246.48K | 225.23K | 261.16K |
| Cash in Bank£ | 78.03K | 48.80K | 63.14K | 83.05K |
| Total Liabilities£ | 231.39K | 218.85K | 224.04K | 241.76K |
| Employees | 10 | 9 | 9 | 9 |
SOUTH SHORE METAL FABRICATIONS LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SOUTH SHORE METAL FABRICATIONS LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SOUTH SHORE METAL FABRICATIONS LTD reported net assets of £19.40K for 2024. That compares with £1.19K in 2023, a change of 1.53K%.
SOUTH SHORE METAL FABRICATIONS LTD reported total assets of £261.16K for 2024. That compares with £225.23K in 2023, a change of 15.95%.
SOUTH SHORE METAL FABRICATIONS LTD reported cash in bank of £83.05K for 2024. That compares with £63.14K in 2023, a change of 31.54%.
SOUTH SHORE METAL FABRICATIONS LTD reported 9 employees in 2024, compared with 9 in 2023.
Between 2022 and 2024, SOUTH SHORE METAL FABRICATIONS LTD's net assets fell by 29.8%, cash in bank rose by 70.2%, total assets rose by 6% and total liabilities rose by 10.5%. Net assets contracted at 16.2% a year across the two years to 2024, from £27.63K to £19.40K. Reported headcount went from 9 in 2022 to 9 in 2024.
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.