WORKNEST CYBER LTD Financials
- Company number
- 10661715CopyCopy
- Registered office
- 20 Grosvenor Place, London SW1X 7HN
- Incorporated
- 09/03/2017
Company snapshot
- Status
- Active
- Employees
- 80 (2024)
- Latest financial data
- 2024
- Accounts type
- Audit Exemption Subsidiary
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-53.11%vs 20232023: £468.33K
Total Assets
53.87%vs 20232023: £2.12M
Cash in Bank
4.13%vs 20232023: £1.19M
Total Liabilities
84.17%vs 20232023: £1.65M
Employees
+5vs 20232023: 75
In 2024, WORKNEST CYBER LTD reported net assets of £219.62K. The same filing shows total assets of £3.26M, cash in bank of £1.24M and total liabilities of £3.05M. Reported headcount was 80 in 2024. Total Liabilities rose from £1.65M in 2023 to £3.05M in 2024 (84.17%). 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
-53.11%from £468.33K 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 WORKNEST CYBER LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-23%vs 2022-12.3% a year compound (CAGR)
Cash in Bank
+81.8%vs 2022+34.8% a year compound (CAGR)
Total Assets
+59.4%vs 2022+26.2% a year compound (CAGR)
Total Liabilities
+72.7%vs 2022+31.4% a year compound (CAGR)
Employees
+2.6%vs 2022+2Biggest increase
Cash in Bank+81.8%
£680.06K in 2022 to £1.24M in 2024
Biggest decrease
Net Assets-23%
£285.22K in 2022 to £219.62K in 2024
WORKNEST CYBER LTD'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 WORKNEST CYBER 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
- 6.73%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
- 93.27%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
- 40.59%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
- 37.86%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 WORKNEST CYBER 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£ | 141.95K | 285.22K | 468.33K | 219.62K |
| Total Assets£ | 1.81M | 2.05M | 2.12M | 3.26M |
| Cash in Bank£ | 391.99K | 680.06K | 1.19M | 1.24M |
| Total Liabilities£ | 1.66M | 1.76M | 1.65M | 3.05M |
| Employees | 48 | 78 | 75 | 80 |
WORKNEST CYBER LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for WORKNEST CYBER LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
WORKNEST CYBER LTD reported net assets of £219.62K for 2024. That compares with £468.33K in 2023, a change of -53.11%.
WORKNEST CYBER LTD reported total assets of £3.26M for 2024. That compares with £2.12M in 2023, a change of 53.87%.
WORKNEST CYBER LTD reported cash in bank of £1.24M for 2024. That compares with £1.19M in 2023, a change of 4.13%.
WORKNEST CYBER LTD reported 80 employees in 2024, compared with 75 in 2023.
Between 2022 and 2024, WORKNEST CYBER LTD's net assets fell by 23%, cash in bank rose by 81.8%, total assets rose by 59.4% and total liabilities rose by 72.7%. Net assets contracted at 12.3% a year across the two years to 2024, from £285.22K to £219.62K. Reported headcount went from 78 in 2022 to 80 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.