TONG ENGINEERING LIMITED Financials
- Company number
- 01957036CopyCopy
- Registered office
- Tong Engineering Limited, Vale Road, Spilsby, Lincolnshire PE23 5HE
- Incorporated
- 11/11/1985
Company snapshot
- Status
- Active
- Employees
- 175 (2025)
- Latest financial data
- 2025
- Accounts type
- Medium
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
7.88%vs 20242024: £7.95M
Total Assets
-0.80%vs 20242024: £23.99M
Cash in Bank
53.24%vs 20242024: £745.84K
Total Liabilities
-11.49%vs 20242024: £8.25M
Employees
+2vs 20242024: 173
In 2025, TONG ENGINEERING LIMITED reported net assets of £8.58M. The same filing shows total assets of £23.80M, cash in bank of £1.14M and total liabilities of £7.30M. Reported headcount was 175 in 2025. Total Liabilities fell from £8.25M in 2024 to £7.30M in 2025 (-11.49%). Okredo holds filed figures for 2021–2025; 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
7.88%from £7.95M in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures TONG ENGINEERING LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
+14.1%vs 2023+6.8% a year compound (CAGR)
Cash in Bank
+183%vs 2023+68.1% a year compound (CAGR)
Total Assets
+5.2%vs 2023+2.6% a year compound (CAGR)
Total Liabilities
-3%vs 2023-1.5% a year compound (CAGR)
Employees
-1.1%vs 2023-2Biggest increase
Cash in Bank+183%
£404.28K in 2023 to £1.14M in 2025
Biggest decrease
Total Liabilities-3%
£7.53M in 2023 to £7.30M in 2025
TONG ENGINEERING LIMITED's filings pull in both directions between 2023 and 2025. 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 TONG ENGINEERING 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
- 36.06%2025
- 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
- 30.68%2025
- 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
- 15.65%2025
- 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
- 4.80%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
- Revenue per employee
- £127.15K2025
- 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 TONG ENGINEERING LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 6.25M | 7.25M | 7.52M | 7.95M | 8.58M |
| Total Assets£ | 16.21M | 20.57M | 22.61M | 23.99M | 23.80M |
| Cash in Bank£ | 2.78M | 659.26K | 404.28K | 745.84K | 1.14M |
| Total Liabilities£ | 5.65M | 6.54M | 7.53M | 8.25M | 7.30M |
| Employees | 179 | 174 | 177 | 173 | 175 |
TONG ENGINEERING LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for TONG ENGINEERING LIMITED covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
TONG ENGINEERING LIMITED reported net assets of £8.58M for 2025. That compares with £7.95M in 2024, a change of 7.88%.
TONG ENGINEERING LIMITED reported total assets of £23.80M for 2025. That compares with £23.99M in 2024, a change of -0.80%.
TONG ENGINEERING LIMITED reported cash in bank of £1.14M for 2025. That compares with £745.84K in 2024, a change of 53.24%.
TONG ENGINEERING LIMITED reported 175 employees in 2025, compared with 173 in 2024.
Between 2023 and 2025, TONG ENGINEERING LIMITED's net assets rose by 14.1%, cash in bank rose by 183%, total assets rose by 5.2% and total liabilities fell by 3%. Net assets compounded at 6.8% a year across the two years to 2025, from £7.52M to £8.58M. Reported headcount went from 177 in 2023 to 175 in 2025 (-2).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.