WEST ENGINEERING AND SPIRAL TUBE LIMITED Financials
- Company number
- 03328291CopyCopy
- Registered office
- 6 Olympus Close, Whitehouse Industrial Estate, Ipswich, Suffolk IP1 5LN
- Incorporated
- 05/03/1997
Company snapshot
- Status
- Active
- Employees
- 25 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
94.17%vs 20232023: £1.01M
Total Assets
73.90%vs 20232023: £1.86M
Cash in Bank
15.98K%vs 20232023: £146.00
Total Liabilities
50.12%vs 20232023: £857.98K
Employees
+1vs 20232023: 24
In 2024, WEST ENGINEERING AND SPIRAL TUBE LIMITED reported net assets of £1.95M. The same filing shows total assets of £3.24M, cash in bank of £23.48K and total liabilities of £1.29M. Reported headcount was 25 in 2024. Total Assets rose from £1.86M in 2023 to £3.24M in 2024 (73.90%). 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
94.17%from £1.01M 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 WEST ENGINEERING AND SPIRAL TUBE LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
+89%vs 2022+37.5% a year compound (CAGR)
Cash in Bank
+21840%vs 2022+1381% a year compound (CAGR)
Total Assets
+58.4%vs 2022+25.9% a year compound (CAGR)
Total Liabilities
+27.1%vs 2022+12.8% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Cash in Bank+21840%
£107.00 in 2022 to £23.48K in 2024
Every measure that changed in WEST ENGINEERING AND SPIRAL TUBE LIMITED's filings between 2022 and 2024 rose. The steepest rise came in cash in bank, pointing to a more liquid cash position, with net assets, total assets and total liabilities climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from WEST ENGINEERING AND SPIRAL TUBE 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
- 60.27%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
- 39.73%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
- 1.82%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
- 0.72%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 WEST ENGINEERING AND SPIRAL TUBE 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£ | 1.21M | 1.03M | 1.01M | 1.95M |
| Total Assets£ | 2.11M | 2.05M | 1.86M | 3.24M |
| Cash in Bank£ | 107.00 | 107.00 | 146.00 | 23.48K |
| Total Liabilities£ | 903.05K | 1.01M | 857.98K | 1.29M |
| Employees | 23 | 25 | 24 | 25 |
WEST ENGINEERING AND SPIRAL TUBE LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for WEST ENGINEERING AND SPIRAL TUBE LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
WEST ENGINEERING AND SPIRAL TUBE LIMITED reported net assets of £1.95M for 2024. That compares with £1.01M in 2023, a change of 94.17%.
WEST ENGINEERING AND SPIRAL TUBE LIMITED reported total assets of £3.24M for 2024. That compares with £1.86M in 2023, a change of 73.90%.
WEST ENGINEERING AND SPIRAL TUBE LIMITED reported cash in bank of £23.48K for 2024. That compares with £146.00 in 2023, a change of 15.98K%.
WEST ENGINEERING AND SPIRAL TUBE LIMITED reported 25 employees in 2024, compared with 24 in 2023.
Between 2022 and 2024, WEST ENGINEERING AND SPIRAL TUBE LIMITED's net assets rose by 89%, cash in bank rose by 21840%, total assets rose by 58.4% and total liabilities rose by 27.1%. Net assets compounded at 37.5% a year across the two years to 2024, from £1.03M to £1.95M. Reported headcount went from 25 in 2022 to 25 in 2024.
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.