WELD-TECH SERVICES LIMITED Financials
- Company number
- SC211512CopyCopy
- Registered office
- Mains Of Cairnorrie, Methlick, Ellon AB41 7DA
- Incorporated
- 29/09/2000
Company snapshot
- Status
- Active
- Employees
- 10 (2023)
- Latest financial data
- 2023
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
11.08%vs 20222022: £843.61K
Total Assets
19.22%vs 20222022: £1.05M
Cash in Bank
-91.44%vs 20222022: £57.05K
Total Liabilities
52.65%vs 20222022: £205.39K
Employees
+1vs 20222022: 9
In 2023, WELD-TECH SERVICES LIMITED reported net assets of £937.07K. The same filing shows total assets of £1.25M, cash in bank of £4.88K and total liabilities of £313.51K. Reported headcount was 10 in 2023. Total Assets rose from £1.05M in 2022 to £1.25M in 2023 (19.22%). 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
11.08%from £843.61K 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 WELD-TECH SERVICES LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
+60.1%vs 2021+26.5% a year compound (CAGR)
Cash in Bank
-98.8%vs 2021-88.9% a year compound (CAGR)
Total Assets
+29.8%vs 2021+13.9% a year compound (CAGR)
Total Liabilities
-17.1%vs 2021-9% a year compound (CAGR)
Employees
+11.1%vs 2021+1Biggest increase
Net Assets+60.1%
£585.43K in 2021 to £937.07K in 2023
Biggest decrease
Cash in Bank-98.8%
£393.14K in 2021 to £4.88K in 2023
WELD-TECH SERVICES LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in net assets, pointing to a strengthening balance sheet, 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 WELD-TECH SERVICES 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
- 74.93%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
- 25.07%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
- 1.56%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
- 0.39%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 WELD-TECH SERVICES LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 585.43K | 843.61K | 937.07K |
| Total Assets£ | 963.74K | 1.05M | 1.25M |
| Cash in Bank£ | 393.14K | 57.05K | 4.88K |
| Total Liabilities£ | 378.31K | 205.39K | 313.51K |
| Employees | 9 | 9 | 10 |
WELD-TECH SERVICES LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for WELD-TECH SERVICES LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
WELD-TECH SERVICES LIMITED reported net assets of £937.07K for 2023. That compares with £843.61K in 2022, a change of 11.08%.
WELD-TECH SERVICES LIMITED reported total assets of £1.25M for 2023. That compares with £1.05M in 2022, a change of 19.22%.
WELD-TECH SERVICES LIMITED reported cash in bank of £4.88K for 2023. That compares with £57.05K in 2022, a change of -91.44%.
WELD-TECH SERVICES LIMITED reported 10 employees in 2023, compared with 9 in 2022.
Between 2021 and 2023, WELD-TECH SERVICES LIMITED's net assets rose by 60.1%, cash in bank fell by 98.8%, total assets rose by 29.8% and total liabilities fell by 17.1%. Net assets compounded at 26.5% a year across the two years to 2023, from £585.43K to £937.07K. Reported headcount went from 9 in 2021 to 10 in 2023 (+1).
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.