Total Parking Solutions Ltd is a prominent name in the UK's parking management sector. It is renowned for its comprehensive approach to Car Park Management Solutions. In this article, we will delve into the company's financial evolution over the years. Specifically, we'll focus on the link between KADOE inquiries and its financial health.
Financial Trajectory Overview
2019 - A Year of Substantial Groundwork: In 2019, Total Parking Solutions Ltd managed to secure 77,222 KADOE inquiries. It corresponded to a decent pool of debtors amounting to £363,243. The cash at bank, including a notable increment from the previous year, stood at £564,181. At the same time, fixed assets were valued at £534,285. The company concluded the year with net assets of £629,698, setting a solid foundation for future growth.
2020 - The Tides of Change: The subsequent year saw a decline in KADOE inquiries to 46,898. Despite the reduction, the company's debtors rose to £494,333, indicating a higher yield per inquiry or possibly more effective debt collection methods. Cash at bank surged to an impressive £690,488, and fixed assets increased to £636,611. The net assets grew by approximately 30.3% to reach £820,539, reflecting a financially robust year despite the challenges.
2021 - Resilience Amidst Adversity: In 2021, KADOE inquiries bounced back up to 77,674 for Total Parking Solutions, almost parallel to the 2019 figures. However, there was a slight drop in debtors to £365,667. The cash reserves continued an upward trend, peaking at £1,036,951, whereas fixed assets saw a slight dip to £590,887. The net assets remained relatively stable at £816,302, showcasing the company's ability to maintain its financial resilience.
2022 - Current Perspectives: The most recent data from 2022 illustrates a peak in KADOE inquiries at 91,769. The debtors increased accordingly to £434,632, and the company's liquidity further strengthened, with cash at bank reaching £1,329,795. However, fixed assets and net assets experienced a decline to £560,959 and £614,595, respectively. This suggests a strategic shift or investment, which warrants a closer examination of stakeholders.
The Numbers
| Year | KADOE Inquires | Debtors | Cash at bank | Fixed Assets | Net Assets |
| 2019 | 77,222 | £363,243 | £606,864 | £534,285 | £629,698 |
| 2020 | 46,898 | £494,333 | £690,488 | £636,611 | £820,539 |
| 2021 | 77,674 | £365,667 | £1,036,951 | £590,887 | £816,302 |
| 2022 | 91,769 | £434,632 | £1,329,795 | £560,959 | £614,595 |
KADOE Inquiries and Financial Health
The number of KADOE inquiries, often a measure of operational activity, has fluctuated over the years but shows an overall upward trend, indicating increased engagement with the company's services. Notably, the net assets dipped by approximately 24.7% in 2022 despite the rise in inquiries, which may raise questions about the cost efficiency or the conversion rate of inquiries to tangible revenue.
Governance and Stability
Total Parking Solutions Ltd operates under the auspices of the International Parking Community, ensuring compliance with industry standards and best practices. This governance provides a layer of assurance about the company's operational conduct and its commitment to maintaining quality in service provision.
Concluding Thoughts about Total Parking Solutions Ltd
Overall, Total Parking Solutions Ltd exhibits a healthy financial trajectory with a noticeable increase in cash reserves, indicating good liquidity. The fluctuating net assets, however, suggest a dynamic financial strategy that may involve significant investments or changes in operational structure. Stakeholders should keep a close watch on the company's annual reports for detailed insights.
Engage with Total Parking Solutions Ltd
We invite our readers to further explore Total Parking Solutions Ltd on our platform. Visit the Total Parking Solutions Ltd listing to gain a comprehensive view of the company. If you have engaged with their services, received a Parking Charge Notice (PCN), or simply interacted with the company in any capacity, we encourage you to share your experience by leaving a review. Your insights not only contribute to our community's knowledge but also aid others in making informed decisions.
Your voice matters. Share your story with Total Parking Solutions Ltd today.
