TRUE DESIGN LTD Financials
- Company number
- 03310200Copy
Copy - Registered office
- 275 Kirkstall Road, Kirkstall Industrial Estate, Leeds LS4 2BX
- Incorporated
- 30/01/1997
Company snapshot
- Status
- Active
- Employees
- 26 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-63.28%vs 20232023: £2.07M
Total Assets
-48.08%vs 20232023: £2.70M
Cash in Bank
-58.16%vs 20232023: £2.07M
Total Liabilities
-1.58%vs 20232023: £632.61K
Employees
-23vs 20232023: 49
In 2024, TRUE DESIGN LTD reported net assets of £758.67K. The same filing shows total assets of £1.40M, cash in bank of £865.82K and total liabilities of £622.63K. Reported headcount was 26 in 2024. Net Assets fell from £2.07M in 2023 to £758.67K in 2024 (-63.28%). 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
-63.28%from £2.07M 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 TRUE DESIGN LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-71.1%vs 2022-46.2% a year compound (CAGR)
Cash in Bank
-49.9%vs 2022-29.2% a year compound (CAGR)
Total Assets
-62.1%vs 2022-38.5% a year compound (CAGR)
Total Liabilities
-42%vs 2022-23.9% a year compound (CAGR)
Employees
-69.8%vs 2022-60Biggest decrease
Net Assets-71.1%
£2.63M in 2022 to £758.67K in 2024
Every indicator Okredo holds for TRUE DESIGN LTD 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 TRUE DESIGN 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
- 54.15%2024
- Liabilities to total assets
- 44.44%2024
- Cash to liabilities
- 139.06%2024
- Cash to total assets
- 61.80%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.
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.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
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 TRUE DESIGN LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 1.94M | 2.63M | 2.07M | 758.67K |
| Total Assets£ | 2.94M | 3.70M | 2.70M | 1.40M |
| Cash in Bank£ | 879.77K | 1.73M | 2.07M | 865.82K |
| Total Liabilities£ | 1.01M | 1.07M | 632.61K | 622.63K |
| Employees | 82 | 86 | 49 | 26 |
TRUE DESIGN LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has TRUE DESIGN LTD filed financial statements?
Yes. Okredo holds filed figures for TRUE DESIGN LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did TRUE DESIGN LTD report in 2024?
TRUE DESIGN LTD reported net assets of £758.67K for 2024. That compares with £2.07M in 2023, a change of -63.28%.
What total assets did TRUE DESIGN LTD report in 2024?
TRUE DESIGN LTD reported total assets of £1.40M for 2024. That compares with £2.70M in 2023, a change of -48.08%.
What cash in bank did TRUE DESIGN LTD report in 2024?
TRUE DESIGN LTD reported cash in bank of £865.82K for 2024. That compares with £2.07M in 2023, a change of -58.16%.
How many people does TRUE DESIGN LTD employ?
TRUE DESIGN LTD reported 26 employees in 2024, compared with 49 in 2023.
How have TRUE DESIGN LTD financials changed over the last 3 years?
Between 2022 and 2024, TRUE DESIGN LTD's net assets fell by 71.1%, cash in bank fell by 49.9%, total assets fell by 62.1% and total liabilities fell by 42%. Net assets contracted at 46.2% a year across the two years to 2024, from £2.63M to £758.67K. Reported headcount went from 86 in 2022 to 26 in 2024 (-60).
Which years of TRUE DESIGN LTD financial data are available?
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.