UTECH GLOBAL SERVICES LTD Financials
- Company number
- 13441599CopyCopy
- Registered office
- Cresva Penpol, Devoran, Truro TR3 6NA
- Incorporated
- 07/06/2021
Company snapshot
- Status
- Active
- Employees
- 4 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
1.12K%vs 20232023: £-3.75K
Total Assets
40.75%vs 20232023: £193.46K
Cash in Bank
86.27%vs 20232023: £40.15K
Total Liabilities
18.77%vs 20232023: £197.21K
Employees
-1vs 20232023: 5
In 2024, UTECH GLOBAL SERVICES LTD reported net assets of £38.07K. The same filing shows total assets of £272.29K, cash in bank of £74.78K and total liabilities of £234.22K. Reported headcount was 4 in 2024. Total Assets rose from £193.46K in 2023 to £272.29K in 2024 (40.75%). 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
1.12K%from £-3.75K 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 UTECH GLOBAL SERVICES LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+642%vs 2022+172% a year compound (CAGR)
Cash in Bank
+608%vs 2022+166% a year compound (CAGR)
Total Assets
+118%vs 2022+47.8% a year compound (CAGR)
Total Liabilities
+147%vs 2022+57.1% a year compound (CAGR)
Employees
-20%vs 2022-1Biggest increase
Net Assets+642%
£5.13K in 2022 to £38.07K in 2024
Biggest decrease
Employees-20%
5 in 2022 to 4 in 2024
UTECH GLOBAL SERVICES LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in net assets, pointing to a strengthening balance sheet, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from UTECH GLOBAL SERVICES 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
- 13.98%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
- 86.02%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
- 31.93%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
- 27.46%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 UTECH GLOBAL SERVICES 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£ | 749.00 | 5.13K | -3.75K | 38.07K |
| Total Assets£ | 7.83K | 124.69K | 193.46K | 272.29K |
| Cash in Bank£ | 1.82K | 10.56K | 40.15K | 74.78K |
| Total Liabilities£ | 7.08K | 94.89K | 197.21K | 234.22K |
| Employees | 2 | 5 | 5 | 4 |
UTECH GLOBAL SERVICES LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for UTECH GLOBAL SERVICES LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
UTECH GLOBAL SERVICES LTD reported net assets of £38.07K for 2024. That compares with £-3.75K in 2023, a change of 1.12K%.
UTECH GLOBAL SERVICES LTD reported total assets of £272.29K for 2024. That compares with £193.46K in 2023, a change of 40.75%.
UTECH GLOBAL SERVICES LTD reported cash in bank of £74.78K for 2024. That compares with £40.15K in 2023, a change of 86.27%.
UTECH GLOBAL SERVICES LTD reported 4 employees in 2024, compared with 5 in 2023.
Between 2022 and 2024, UTECH GLOBAL SERVICES LTD's net assets rose by 642%, cash in bank rose by 608%, total assets rose by 118% and total liabilities rose by 147%. Net assets compounded at 172% a year across the two years to 2024, from £5.13K to £38.07K. Reported headcount went from 5 in 2022 to 4 in 2024 (-1).
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.