THE SKILL MILL LIMITED Financials
- Company number
- 08705865CopyCopy
- Registered office
- Northern Design Centre, Abbott's Hill, Gateshead NE8 3DF
- Incorporated
- 25/09/2013
Company snapshot
- Status
- Active
- Employees
- 36 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-136.04%vs 20232023: £122.73K
Total Assets
-75.29%vs 20232023: £784.00K
Cash in Bank
-88.52%vs 20232023: £475.57K
Total Liabilities
-64.01%vs 20232023: £661.27K
Employees
-16vs 20232023: 52
In 2024, THE SKILL MILL LIMITED reported net assets of £-44.23K. The same filing shows total assets of £193.76K, cash in bank of £54.59K and total liabilities of £237.99K. Reported headcount was 36 in 2024. Total Assets fell from £784.00K in 2023 to £193.76K in 2024 (-75.29%). 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
-136.04%from £122.73K 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 THE SKILL MILL LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-131%vs 2022Cash in Bank
-82.3%vs 2022-58% a year compound (CAGR)
Total Assets
-75.4%vs 2022-50.4% a year compound (CAGR)
Total Liabilities
-63.2%vs 2022-39.4% a year compound (CAGR)
Employees
-10%vs 2022-4Biggest decrease
Net Assets-131%
£141.29K in 2022 to £-44.23K in 2024
Every indicator Okredo holds for THE SKILL MILL LIMITED fell between 2022 and 2024. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from THE SKILL MILL 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
- -22.83%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
- 122.83%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
- 22.94%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
- 28.17%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 THE SKILL MILL 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£ | 111.75K | 141.29K | 122.73K | -44.23K |
| Total Assets£ | 428.00K | 788.76K | 784.00K | 193.76K |
| Cash in Bank£ | 390.94K | 308.94K | 475.57K | 54.59K |
| Total Liabilities£ | 316.25K | 647.48K | 661.27K | 237.99K |
| Employees | 22 | 40 | 52 | 36 |
THE SKILL MILL LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for THE SKILL MILL LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
THE SKILL MILL LIMITED reported net assets of £-44.23K for 2024. That compares with £122.73K in 2023, a change of -136.04%.
THE SKILL MILL LIMITED reported total assets of £193.76K for 2024. That compares with £784.00K in 2023, a change of -75.29%.
THE SKILL MILL LIMITED reported cash in bank of £54.59K for 2024. That compares with £475.57K in 2023, a change of -88.52%.
THE SKILL MILL LIMITED reported 36 employees in 2024, compared with 52 in 2023.
Between 2022 and 2024, THE SKILL MILL LIMITED's net assets fell by 131%, cash in bank fell by 82.3%, total assets fell by 75.4% and total liabilities fell by 63.2%. Cash in bank contracted at 58% a year across the two years to 2024, from £308.94K to £54.59K. Reported headcount went from 40 in 2022 to 36 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.