WISETEK UK LIMITED Financials
- Company number
- 11269096CopyCopy
- Registered office
- Mpn2 Magna Park North, Lutterworth, Leicestershire LE17 4UE
- Incorporated
- 22/03/2018
Company snapshot
- Status
- Active
- Employees
- 13 (2023)
- Latest financial data
- 2023
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-798.06%vs 20222022: £269.70K
Total Assets
44.99%vs 20222022: £550.66K
Cash in Bank
52.67%vs 20222022: £488.08K
Total Liabilities
963.16%vs 20222022: £249.67K
Employees
+3vs 20222022: 10
In 2023, WISETEK UK LIMITED reported net assets of £-1.88M. The same filing shows total assets of £798.39K, cash in bank of £745.15K and total liabilities of £2.65M. Reported headcount was 13 in 2023. Total Liabilities rose from £249.67K in 2022 to £2.65M in 2023 (963.16%). 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
-798.06%from £269.70K 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 WISETEK UK LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-378%vs 2021Total Assets
+39.1%vs 2021+18% a year compound (CAGR)
Total Liabilities
Increasedvs 2021Employees
+333%vs 2021+10Biggest increase
Employees+333%
3 in 2021 to 13 in 2023
Biggest decrease
Net Assets-378%
£676.12K in 2021 to £-1.88M in 2023
WISETEK UK LIMITED's filings pull in both directions between 2021 and 2023. The steepest rise came in employee numbers, pointing to an expanding team, 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 WISETEK UK 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
- -235.81%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
- 332.47%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
- 28.07%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
- 93.33%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 WISETEK UK LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 676.12K | 269.70K | -1.88M |
| Total Assets£ | 573.80K | 550.66K | 798.39K |
| Cash in Bank£ | – | 488.08K | 745.15K |
| Total Liabilities£ | -102.32K | 249.67K | 2.65M |
| Employees | 3 | 10 | 13 |
WISETEK UK LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for WISETEK UK LIMITED covering 2021–2023, across 5 reported indicators. The most recent reported year is 2023.
WISETEK UK LIMITED reported net assets of £-1.88M for 2023. That compares with £269.70K in 2022, a change of -798.06%.
WISETEK UK LIMITED reported total assets of £798.39K for 2023. That compares with £550.66K in 2022, a change of 44.99%.
WISETEK UK LIMITED reported cash in bank of £745.15K for 2023. That compares with £488.08K in 2022, a change of 52.67%.
WISETEK UK LIMITED reported 13 employees in 2023, compared with 10 in 2022.
Between 2021 and 2023, WISETEK UK LIMITED's net assets fell by 378%, total assets rose by 39.1% and employee numbers rose by 333%. Total assets compounded at 18% a year across the two years to 2023, from £573.80K to £798.39K. Reported headcount went from 3 in 2021 to 13 in 2023 (+10).
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.