STAINLESS STEEL SERVICES LIMITED Financials
- Company number
- 02990634CopyCopy
- Registered office
- Middlemore Road, Handsworth, Birmingham, West Midlands B21 0BH
- Incorporated
- 15/11/1994
Company snapshot
- Status
- Active
- Employees
- 25 (2023)
- Latest financial data
- 2023
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-19.67%vs 20222022: £3.42M
Total Assets
-26.15%vs 20222022: £8.83M
Cash in Bank
34.26%vs 20222022: £769.52K
Total Liabilities
-30.24%vs 20222022: £5.41M
Employees
-2vs 20222022: 27
In 2023, STAINLESS STEEL SERVICES LIMITED reported net assets of £2.75M. The same filing shows total assets of £6.52M, cash in bank of £1.03M and total liabilities of £3.77M. Reported headcount was 25 in 2023. Total Assets fell from £8.83M in 2022 to £6.52M in 2023 (-26.15%). Okredo holds filed figures for 2021–2023; 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
-19.67%from £3.42M in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures STAINLESS STEEL SERVICES LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-4.8%vs 2021-2.4% a year compound (CAGR)
Cash in Bank
+2.1%vs 2021+1% a year compound (CAGR)
Total Assets
-33.7%vs 2021-18.6% a year compound (CAGR)
Total Liabilities
-45.7%vs 2021-26.3% a year compound (CAGR)
Employees
-7.4%vs 2021-2Biggest increase
Cash in Bank+2.1%
£1.01M in 2021 to £1.03M in 2023
Biggest decrease
Total Liabilities-45.7%
£6.95M in 2021 to £3.77M in 2023
STAINLESS STEEL SERVICES LIMITED's filings pull in both directions between 2021 and 2023. 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 STAINLESS STEEL 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
- 42.14%2023
- 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
- 57.86%2023
- 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
- 27.39%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
- 15.85%2023
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £604.91K2023
- Reported turnover divided by the reported average number of employees, for the latest year both were filed. Shows how much revenue the business generates per employee.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for STAINLESS STEEL SERVICES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 2.89M | 3.42M | 2.75M |
| Total Assets£ | 9.84M | 8.83M | 6.52M |
| Cash in Bank£ | 1.01M | 769.52K | 1.03M |
| Total Liabilities£ | 6.95M | 5.41M | 3.77M |
| Employees | 27 | 27 | 25 |
STAINLESS STEEL SERVICES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for STAINLESS STEEL SERVICES LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
STAINLESS STEEL SERVICES LIMITED reported net assets of £2.75M for 2023. That compares with £3.42M in 2022, a change of -19.67%.
STAINLESS STEEL SERVICES LIMITED reported total assets of £6.52M for 2023. That compares with £8.83M in 2022, a change of -26.15%.
STAINLESS STEEL SERVICES LIMITED reported cash in bank of £1.03M for 2023. That compares with £769.52K in 2022, a change of 34.26%.
STAINLESS STEEL SERVICES LIMITED reported 25 employees in 2023, compared with 27 in 2022.
Between 2021 and 2023, STAINLESS STEEL SERVICES LIMITED's net assets fell by 4.8%, cash in bank rose by 2.1%, total assets fell by 33.7% and total liabilities fell by 45.7%. Net assets contracted at 2.4% a year across the two years to 2023, from £2.89M to £2.75M. Reported headcount went from 27 in 2021 to 25 in 2023 (-2).
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.