VERTOFX LTD Financials
- Company number
- 10973066CopyCopy
- Registered office
- 20-22 Wenlock Road, London N1 7GU
- Incorporated
- 20/09/2017
Company snapshot
- Status
- Active
- Employees
- 47 (2023)
- Latest financial data
- 2023
- Accounts type
- Group
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
197.15%vs 20222022: £-2.42M
Total Assets
23.79%vs 20222022: £3.16M
Cash in Bank
-81.11%vs 20222022: £918.18K
Total Liabilities
-73.08%vs 20222022: £5.53M
Employees
+10vs 20222022: 37
In 2023, VERTOFX LTD reported net assets of £2.35M. The same filing shows total assets of £3.92M, cash in bank of £173.46K and total liabilities of £1.49M. Reported headcount was 47 in 2023. Net Assets rose from £-2.42M in 2022 to £2.35M in 2023 (197.15%). 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
197.15%from £-2.42M 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 VERTOFX LTD filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
Increasedvs 2021Cash in Bank
-80.2%vs 2021-55.5% a year compound (CAGR)
Total Assets
+275%vs 2021+93.7% a year compound (CAGR)
Total Liabilities
+42%vs 2021+19.2% a year compound (CAGR)
Employees
+161%vs 2021+29Biggest increase
Total Assets+275%
£1.04M in 2021 to £3.92M in 2023
Biggest decrease
Cash in Bank-80.2%
£876.23K in 2021 to £173.46K in 2023
VERTOFX LTD'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 cash in bank, pointing to a tighter cash position. See the full year-by-year figures.
Ratios from the filed figures
Calculated from VERTOFX 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
- 59.97%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
- 38.00%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
- 11.66%2023
- 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
- 4.43%2023
- 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 VERTOFX LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | -4.65K | -2.42M | 2.35M |
| Total Assets£ | 1.04M | 3.16M | 3.92M |
| Cash in Bank£ | 876.23K | 918.18K | 173.46K |
| Total Liabilities£ | 1.05M | 5.53M | 1.49M |
| Employees | 18 | 37 | 47 |
VERTOFX LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for VERTOFX LTD covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
VERTOFX LTD reported net assets of £2.35M for 2023. That compares with £-2.42M in 2022, a change of 197.15%.
VERTOFX LTD reported total assets of £3.92M for 2023. That compares with £3.16M in 2022, a change of 23.79%.
VERTOFX LTD reported cash in bank of £173.46K for 2023. That compares with £918.18K in 2022, a change of -81.11%.
VERTOFX LTD reported 47 employees in 2023, compared with 37 in 2022.
Between 2021 and 2023, VERTOFX LTD's cash in bank fell by 80.2%, total assets rose by 275%, total liabilities rose by 42% and employee numbers rose by 161%. Cash in bank contracted at 55.5% a year across the two years to 2023, from £876.23K to £173.46K. Reported headcount went from 18 in 2021 to 47 in 2023 (+29).
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.