TUNGO LTD Financials
- Company number
- 12231240CopyCopy
- Registered office
- Floor 7 / 23 London Bridge Street, The Shard, London, Greater London SE1 9SG
- Incorporated
- 27/09/2019
Company snapshot
- Status
- Active
- Employees
- 15 (2023)
- Latest financial data
- 2023
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
639.68%vs 20222022: £75.48K
Total Assets
185.98%vs 20222022: £208.55K
Cash in Bank
105.31%vs 20212021: £9.87K
Total Liabilities
-52.30%vs 20222022: £80.10K
Employees
+10vs 20222022: 5
In 2023, TUNGO LTD reported net assets of £558.31K. The same filing shows total assets of £596.41K, cash in bank of £20.27K and total liabilities of £38.21K. Reported headcount was 15 in 2023. Net Assets rose from £75.48K in 2022 to £558.31K in 2023 (639.68%). 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
639.68%from £75.48K 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 TUNGO LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
Increasedvs 2021Total Assets
+141%vs 2021+55.3% a year compound (CAGR)
Total Liabilities
-85.1%vs 2021-61.4% a year compound (CAGR)
Employees
+200%vs 2021+10Biggest increase
Employees+200%
5 in 2021 to 15 in 2023
Biggest decrease
Total Liabilities-85.1%
£256.73K in 2021 to £38.21K in 2023
TUNGO LTD's filings pull in both directions between 2021 and 2023. The steepest rise came in employee numbers, pointing to an expanding team, 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 TUNGO 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
- 93.61%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
- 6.41%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
- 25.30%2022
- 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
- 9.72%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 TUNGO LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | -90.08K | 75.48K | 558.31K |
| Total Assets£ | 247.29K | 208.55K | 596.41K |
| Cash in Bank£ | 9.87K | 20.27K | – |
| Total Liabilities£ | 256.73K | 80.10K | 38.21K |
| Employees | 5 | 5 | 15 |
TUNGO LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for TUNGO LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
TUNGO LTD reported net assets of £558.31K for 2023. That compares with £75.48K in 2022, a change of 639.68%.
TUNGO LTD reported total assets of £596.41K for 2023. That compares with £208.55K in 2022, a change of 185.98%.
TUNGO LTD reported cash in bank of £20.27K for 2022. That compares with £9.87K in 2021, a change of 105.31%.
TUNGO LTD reported 15 employees in 2023, compared with 5 in 2022.
Between 2021 and 2023, TUNGO LTD's total assets rose by 141%, total liabilities fell by 85.1% and employee numbers rose by 200%. Total assets compounded at 55.3% a year across the two years to 2023, from £247.29K to £596.41K. Reported headcount went from 5 in 2021 to 15 in 2023 (+10).
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.