TORPEDO FACTORY GROUP LIMITED Financials
- Company number
- 03298917CopyCopy
- Registered office
- 10 Bonhill Street, London EC2A 4PE
- Incorporated
- 06/01/1997
Company snapshot
- Status
- Active
- Employees
- 56 (2023)
- Latest financial data
- 2023
- Accounts type
- Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-44.26%vs 20222022: £2.09M
Total Assets
-3.28%vs 20222022: £1.45M
Cash in Bank
32.29%vs 20212021: £79.70K
Employees
-4vs 20222022: 60
In 2023, TORPEDO FACTORY GROUP LIMITED reported net assets of £1.17M. The same filing shows total assets of £1.40M and cash in bank of £105.44K. Reported headcount was 56 in 2023. Net Assets fell from £2.09M in 2022 to £1.17M in 2023 (-44.26%). 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
-44.26%from £2.09M 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 TORPEDO FACTORY GROUP LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-30.1%vs 2021-16.4% a year compound (CAGR)
Total Assets
+73.2%vs 2021+31.6% a year compound (CAGR)
Employees
-21.1%vs 2021-15Biggest increase
Total Assets+73.2%
£808.48K in 2021 to £1.40M in 2023
Biggest decrease
Net Assets-30.1%
£1.67M in 2021 to £1.17M in 2023
TORPEDO FACTORY GROUP LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in total assets, pointing to a broader asset base, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from TORPEDO FACTORY GROUP 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
- 83.30%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.
- Cash to total assets
- 7.28%2022
- 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 TORPEDO FACTORY GROUP LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 1.67M | 2.09M | 1.17M |
| Total Assets£ | 808.48K | 1.45M | 1.40M |
| Cash in Bank£ | 79.70K | 105.44K | – |
| Total Liabilities£ | – | – | – |
| Employees | 71 | 60 | 56 |
TORPEDO FACTORY GROUP LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for TORPEDO FACTORY GROUP LIMITED covering 2021–2023, across 4 reported indicators. The most recent reported year is 2023.
TORPEDO FACTORY GROUP LIMITED reported net assets of £1.17M for 2023. That compares with £2.09M in 2022, a change of -44.26%.
TORPEDO FACTORY GROUP LIMITED reported total assets of £1.40M for 2023. That compares with £1.45M in 2022, a change of -3.28%.
TORPEDO FACTORY GROUP LIMITED reported cash in bank of £105.44K for 2022. That compares with £79.70K in 2021, a change of 32.29%.
TORPEDO FACTORY GROUP LIMITED reported 56 employees in 2023, compared with 60 in 2022.
Between 2021 and 2023, TORPEDO FACTORY GROUP LIMITED's net assets fell by 30.1%, total assets rose by 73.2% and employee numbers fell by 21.1%. Net assets contracted at 16.4% a year across the two years to 2023, from £1.67M to £1.17M. Reported headcount went from 71 in 2021 to 56 in 2023 (-15).
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.