SPEAR ENGINEERING LTD Financials
- Company number
- 11111328CopyCopy
- Registered office
- Apt 25 Mountford Mansions, 100 Battersea Park Road, London SW11 4LJ
- Incorporated
- 14/12/2017
Company snapshot
- Status
- Active
- Employees
- 4 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
No changevs 20232023: £20.00K
Total Assets
-93.16%vs 20232023: £292.60K
Cash in Bank
10.35K%vs 20222022: £1.00K
Total Liabilities
-100.00%vs 20232023: £147.92K
Employees
0vs 20232023: 4
In 2024, SPEAR ENGINEERING LTD reported net assets of £20.00K. The same filing shows total assets of £20.00K, cash in bank of £104.51K and total liabilities of £0.00. Reported headcount was 4 in 2024. Total Assets fell from £292.60K in 2023 to £20.00K in 2024 (-93.16%). 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
No changefrom £20.00K 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 SPEAR ENGINEERING LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+1900%vs 2022+347% a year compound (CAGR)
Total Assets
-93.4%vs 2022-74.3% a year compound (CAGR)
Total Liabilities
-100%vs 2022Employees
-50%vs 2022-4Biggest increase
Net Assets+1900%
£1.00K in 2022 to £20.00K in 2024
Biggest decrease
Total Liabilities-100%
£204.69K in 2022 to £0.00 in 2024
SPEAR ENGINEERING LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, 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 SPEAR ENGINEERING 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
- 100.00%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.
- Cash to liabilities
- 70.65%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
- 35.72%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 SPEAR ENGINEERING 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£ | 33.93K | 1.00K | 20.00K | 20.00K |
| Total Assets£ | 190.99K | 303.89K | 292.60K | 20.00K |
| Cash in Bank£ | – | 1.00K | 104.51K | – |
| Total Liabilities£ | 157.06K | 204.69K | 147.92K | 0.00 |
| Employees | 0 | 8 | 4 | 4 |
SPEAR ENGINEERING LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SPEAR ENGINEERING LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SPEAR ENGINEERING LTD reported net assets of £20.00K for 2024. That compares with £20.00K in 2023.
SPEAR ENGINEERING LTD reported total assets of £20.00K for 2024. That compares with £292.60K in 2023, a change of -93.16%.
SPEAR ENGINEERING LTD reported cash in bank of £104.51K for 2023. That compares with £1.00K in 2022, a change of 10.35K%.
SPEAR ENGINEERING LTD reported 4 employees in 2024, compared with 4 in 2023.
Between 2022 and 2024, SPEAR ENGINEERING LTD's net assets rose by 1900%, total assets fell by 93.4%, total liabilities fell by 100% and employee numbers fell by 50%. Net assets compounded at 347% a year across the two years to 2024, from £1.00K to £20.00K. Reported headcount went from 8 in 2022 to 4 in 2024 (-4).
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.