SPRING ENGINEERING SERVICES LIMITED Financials
- Company number
- SC220378CopyCopy
- Industry
- Machining (25.62 - SIC 2007)
- Registered office
- 23 Glasgow & Edinburgh Road, Newhouse, Motherwell ML1 5GJ
- Incorporated
- 18/06/2001
Company snapshot
- Status
- Active
- Employees
- 38 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
- Industry
- Machining (25.62 - SIC 2007)
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
9.78%vs 20232023: £3.03M
Total Assets
-10.57%vs 20232023: £6.49M
Cash in Bank
-44.02%vs 20232023: £2.11M
Total Liabilities
-17.51%vs 20232023: £1.55M
Employees
+2vs 20232023: 36
In 2024, SPRING ENGINEERING SERVICES LIMITED reported net assets of £3.33M. The same filing shows total assets of £5.80M, cash in bank of £1.18M and total liabilities of £1.28M. Reported headcount was 38 in 2024. Cash in Bank fell from £2.11M in 2023 to £1.18M in 2024 (-44.02%). 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
9.78%from £3.03M 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 SPRING ENGINEERING SERVICES LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+1.9%vs 2022+0.9% a year compound (CAGR)
Cash in Bank
-28.9%vs 2022-15.7% a year compound (CAGR)
Total Assets
-15.1%vs 2022-7.9% a year compound (CAGR)
Total Liabilities
-24.2%vs 2022-13% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Net Assets+1.9%
£3.27M in 2022 to £3.33M in 2024
Biggest decrease
Cash in Bank-28.9%
£1.66M in 2022 to £1.18M in 2024
SPRING ENGINEERING SERVICES LIMITED'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 cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from SPRING ENGINEERING SERVICES 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
- 57.44%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
- 22.07%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
- 92.23%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
- 20.35%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 SPRING ENGINEERING SERVICES 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£ | 1.51M | 3.27M | 3.03M | 3.33M |
| Total Assets£ | 3.78M | 6.83M | 6.49M | 5.80M |
| Cash in Bank£ | 1.34M | 1.66M | 2.11M | 1.18M |
| Total Liabilities£ | 1.30M | 1.69M | 1.55M | 1.28M |
| Employees | 39 | 38 | 36 | 38 |
SPRING ENGINEERING SERVICES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SPRING ENGINEERING SERVICES LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
SPRING ENGINEERING SERVICES LIMITED reported net assets of £3.33M for 2024. That compares with £3.03M in 2023, a change of 9.78%.
SPRING ENGINEERING SERVICES LIMITED reported total assets of £5.80M for 2024. That compares with £6.49M in 2023, a change of -10.57%.
SPRING ENGINEERING SERVICES LIMITED reported cash in bank of £1.18M for 2024. That compares with £2.11M in 2023, a change of -44.02%.
SPRING ENGINEERING SERVICES LIMITED reported 38 employees in 2024, compared with 36 in 2023.
Between 2022 and 2024, SPRING ENGINEERING SERVICES LIMITED's net assets rose by 1.9%, cash in bank fell by 28.9%, total assets fell by 15.1% and total liabilities fell by 24.2%. Net assets compounded at 0.9% a year across the two years to 2024, from £3.27M to £3.33M. Reported headcount went from 38 in 2022 to 38 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.