MET Parking Services Ltd has firmly established its footprint in the UK parking management industry. But beyond its well-recognized services, how has the company performed financially over the years? This exploration offers insights into MET's financial growth, the KADOE inquiries' relevance, and the company's overall financial health.
MET Parking Services Ltd at a Glance
Established in 2005, the company has come a long way in shaping parking solutions across the nation. Renowned for offering a comprehensive range of parking management services, the company's primary role may often include issuing Parking Charge Notices (PCNs) on behalf of landowners. It's crucial for recipients to understand the PCN's context and explore their appeal rights.
A Yearly Financial Synopsis
2019: In 2019, the company recorded 114,485 KADOE inquiries and had net assets of £2,479,008, with cash at the bank amounting to £400,397.
2020: However, in 2020, KADOE inquiries saw a substantial decline of 59.6% for MET Parking Services, falling to 46,260. Simultaneously, net assets reduced to £1,376,114, reflecting a 44.5% decrease.
2021: In 2021, the situation began to improve. KADOE inquiries rebounded dramatically by 89.8% to 87,723. Following this trend, net assets also marked a growth, rising to £1,931,201, a 40.3% increase from the previous year.
2022: Moving into 2022, KADOE inquiries experienced a modest growth of 7.4%, reaching 94,198. Concurrently, net assets witnessed a significant uptick, increasing to £2,538,290, which represents a 31.5% increase.
| Year | KADOE Inquires | Debtors & Stocks | Cash at bank | Fixed Assets | Net Assets |
| 2019 | 114,485 | £1,938,382 | £400,397 | £558,040.00 | £2,479,008 |
| 2020 | 46,260 | £2,122,881 | £688,488 | £991,164.00 | £1,376,114 |
| 2021 | 87,723 | £2,220,245 | £461,744 | £1,579,611.00 | £1,931,201 |
| 2022 | 94,198 | £2,327,501 | £303,223 | £2,015,649.00 | £2,538,290 |
Assessing KADOE Inquiries vs. Financial Health for MET Parking Services LTD
While the KADOE inquiries serve as an essential metric, their correlation with MET Parking Services LTD financial health isn't linear. For instance, even with a sharp drop in inquiries in 2020, the company's net assets saw a decline. Conversely, 2021 witnessed a substantial rise in inquiries and an increase in net assets. However, the subsequent year had only a minor increment in inquiries but a more pronounced growth in net assets.
This article about Parking Services Ltd's financial performance is crafted with insights from RADLI.co.uk, enhancing our analysis
Affiliation with the British Parking Association
MET Parking Services Ltd is affiliated with the British Parking Association, underscoring its commitment to uphold industry standards, ethics, and best practices in parking management.
Your Views Matter
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