SUMMIT TRADE AND DEVELOPMENT LTD Financials
- Company number
- 10519840CopyCopy
- Registered office
- 4385, 10519840 - COMPANIES HOUSE DEFAULT ADDRESS, Cardiff CF14 8LH
- Incorporated
- 12/12/2016
Company snapshot
- Status
- Active
- Employees
- 13 (2023)
- Latest financial data
- 2023
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
15.29%vs 20222022: £3.70M
Total Assets
8.29%vs 20222022: £5.03M
Cash in Bank
46.17%vs 20222022: £953.78K
Total Liabilities
-35.58%vs 20222022: £245.50K
Employees
0vs 20222022: 13
In 2023, SUMMIT TRADE AND DEVELOPMENT LTD reported net assets of £4.26M. The same filing shows total assets of £5.44M, cash in bank of £1.39M and total liabilities of £158.14K. Reported headcount was 13 in 2023. Net Assets rose from £3.70M in 2022 to £4.26M in 2023 (15.29%). 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
15.29%from £3.70M 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 SUMMIT TRADE AND DEVELOPMENT LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+28.5%vs 2021+13.4% a year compound (CAGR)
Cash in Bank
+89.6%vs 2021+37.7% a year compound (CAGR)
Total Assets
+12.9%vs 2021+6.3% a year compound (CAGR)
Total Liabilities
-56.3%vs 2021-33.9% a year compound (CAGR)
Employees
-7.1%vs 2021-1Biggest increase
Cash in Bank+89.6%
£735.36K in 2021 to £1.39M in 2023
Biggest decrease
Total Liabilities-56.3%
£362.11K in 2021 to £158.14K in 2023
SUMMIT TRADE AND DEVELOPMENT LTD'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 SUMMIT TRADE AND DEVELOPMENT 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
- 78.34%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
- 2.91%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
- 881.58%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
- 25.62%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 SUMMIT TRADE AND DEVELOPMENT LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 3.32M | 3.70M | 4.26M |
| Total Assets£ | 4.82M | 5.03M | 5.44M |
| Cash in Bank£ | 735.36K | 953.78K | 1.39M |
| Total Liabilities£ | 362.11K | 245.50K | 158.14K |
| Employees | 14 | 13 | 13 |
SUMMIT TRADE AND DEVELOPMENT LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for SUMMIT TRADE AND DEVELOPMENT LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
SUMMIT TRADE AND DEVELOPMENT LTD reported net assets of £4.26M for 2023. That compares with £3.70M in 2022, a change of 15.29%.
SUMMIT TRADE AND DEVELOPMENT LTD reported total assets of £5.44M for 2023. That compares with £5.03M in 2022, a change of 8.29%.
SUMMIT TRADE AND DEVELOPMENT LTD reported cash in bank of £1.39M for 2023. That compares with £953.78K in 2022, a change of 46.17%.
SUMMIT TRADE AND DEVELOPMENT LTD reported 13 employees in 2023, compared with 13 in 2022.
Between 2021 and 2023, SUMMIT TRADE AND DEVELOPMENT LTD's net assets rose by 28.5%, cash in bank rose by 89.6%, total assets rose by 12.9% and total liabilities fell by 56.3%. Net assets compounded at 13.4% a year across the two years to 2023, from £3.32M to £4.26M. Reported headcount went from 14 in 2021 to 13 in 2023 (-1).
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.