WESTEC PRECISION LTD Financials
- Company number
- 09077868Copy
Copy - Registered office
- Unit 6b St. Andrews Trading Estate, Bridport, Dorset DT6 3EX
- Incorporated
- 09/06/2014
Company snapshot
- Status
- Active
- Employees
- 4 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
63.24%vs 20232023: £-15.47K
Total Assets
0.68%vs 20232023: £79.06K
Total Liabilities
-9.78%vs 20232023: £94.53K
Employees
0vs 20232023: 4
In 2024, WESTEC PRECISION LTD reported net assets of £-5.69K. The same filing shows total assets of £79.60K and total liabilities of £85.29K. Reported headcount was 4 in 2024. Net Assets rose from £-15.47K in 2023 to £-5.69K in 2024 (63.24%). 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
63.24%from £-15.47K 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 WESTEC PRECISION LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Increasedvs 2022Total Assets
+4.9%vs 2022+2.4% a year compound (CAGR)
Total Liabilities
-2.6%vs 2022-1.3% a year compound (CAGR)
Employees
0%vs 2022Biggest increase
Total Assets+4.9%
£75.91K in 2022 to £79.60K in 2024
Biggest decrease
Total Liabilities-2.6%
£87.57K in 2022 to £85.29K in 2024
WESTEC PRECISION LTD's filings pull in both directions between 2022 and 2024. The steepest rise came in total assets, pointing to a broader asset base, set against a fall in total liabilities, pointing to lighter outstanding obligations. See the full year-by-year figures.
Ratios from the filed figures
Calculated from WESTEC PRECISION 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
- -7.15%2024
- Liabilities to total assets
- 107.15%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.
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.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for WESTEC PRECISION 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£ | 7.31K | -11.66K | -15.47K | -5.69K |
| Total Assets£ | 121.35K | 75.91K | 79.06K | 79.60K |
| Cash in Bank£ | – | – | – | – |
| Total Liabilities£ | 114.04K | 87.57K | 94.53K | 85.29K |
| Employees | 5 | 4 | 4 | 4 |
WESTEC PRECISION LTD financials: frequently asked questions
Answered from this company's own filed figures.
Has WESTEC PRECISION LTD filed financial statements?
Yes. Okredo holds filed figures for WESTEC PRECISION LTD covering 2021–2024, across 4 reported indicators. The most recent reported year is 2024.
What net assets did WESTEC PRECISION LTD report in 2024?
WESTEC PRECISION LTD reported net assets of £-5.69K for 2024. That compares with £-15.47K in 2023, a change of 63.24%.
What total assets did WESTEC PRECISION LTD report in 2024?
WESTEC PRECISION LTD reported total assets of £79.60K for 2024. That compares with £79.06K in 2023, a change of 0.68%.
What total liabilities did WESTEC PRECISION LTD report in 2024?
WESTEC PRECISION LTD reported total liabilities of £85.29K for 2024. That compares with £94.53K in 2023, a change of -9.78%.
How many people does WESTEC PRECISION LTD employ?
WESTEC PRECISION LTD reported 4 employees in 2024, compared with 4 in 2023.
How have WESTEC PRECISION LTD financials changed over the last 3 years?
Between 2022 and 2024, WESTEC PRECISION LTD's total assets rose by 4.9%, total liabilities fell by 2.6% and employee numbers was unchanged. Total assets compounded at 2.4% a year across the two years to 2024, from £75.91K to £79.60K. Reported headcount went from 4 in 2022 to 4 in 2024.
Which years of WESTEC PRECISION LTD financial data are available?
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.