WEM TECH SOLUTIONS LIMITED Financials
- Company number
- 08803667CopyCopy
- Registered office
- First Floor T5 Dudley Court North,, The Waterfront, Level Street, Brierley Hill, West Midlands DY5 1XP
- Incorporated
- 05/12/2013
Company snapshot
- Status
- Active
- Employees
- 8 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-12.57%vs 20232023: £61.20K
Total Assets
-4.32%vs 20232023: £245.13K
Cash in Bank
6.25%vs 20232023: £203.52K
Total Liabilities
-1.58%vs 20232023: £183.92K
Employees
-2vs 20232023: 10
In 2024, WEM TECH SOLUTIONS LIMITED reported net assets of £53.51K. The same filing shows total assets of £234.54K, cash in bank of £216.24K and total liabilities of £181.03K. Reported headcount was 8 in 2024. Cash in Bank rose from £203.52K in 2023 to £216.24K in 2024 (6.25%). 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
-12.57%from £61.20K 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 WEM TECH SOLUTIONS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-52.5%vs 2022-31.1% a year compound (CAGR)
Cash in Bank
+24.5%vs 2022+11.6% a year compound (CAGR)
Total Assets
-26.2%vs 2022-14.1% a year compound (CAGR)
Total Liabilities
-11.8%vs 2022-6.1% a year compound (CAGR)
Employees
-20%vs 2022-2Biggest increase
Cash in Bank+24.5%
£173.65K in 2022 to £216.24K in 2024
Biggest decrease
Net Assets-52.5%
£112.73K in 2022 to £53.51K in 2024
WEM TECH SOLUTIONS LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from WEM TECH SOLUTIONS 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
- 22.82%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
- 77.18%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
- 119.45%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
- 92.20%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 WEM TECH SOLUTIONS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 304.34K | 112.73K | 61.20K | 53.51K |
| Total Assets£ | 412.70K | 317.89K | 245.13K | 234.54K |
| Cash in Bank£ | 170.12K | 173.65K | 203.52K | 216.24K |
| Total Liabilities£ | 108.36K | 205.16K | 183.92K | 181.03K |
| Employees | 8 | 10 | 10 | 8 |
WEM TECH SOLUTIONS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for WEM TECH SOLUTIONS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
WEM TECH SOLUTIONS LIMITED reported net assets of £53.51K for 2024. That compares with £61.20K in 2023, a change of -12.57%.
WEM TECH SOLUTIONS LIMITED reported total assets of £234.54K for 2024. That compares with £245.13K in 2023, a change of -4.32%.
WEM TECH SOLUTIONS LIMITED reported cash in bank of £216.24K for 2024. That compares with £203.52K in 2023, a change of 6.25%.
WEM TECH SOLUTIONS LIMITED reported 8 employees in 2024, compared with 10 in 2023.
Between 2022 and 2024, WEM TECH SOLUTIONS LIMITED's net assets fell by 52.5%, cash in bank rose by 24.5%, total assets fell by 26.2% and total liabilities fell by 11.8%. Net assets contracted at 31.1% a year across the two years to 2024, from £112.73K to £53.51K. Reported headcount went from 10 in 2022 to 8 in 2024 (-2).
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.