Vehicle Control Services Ltd, a name synonymous with robust parking enforcement in the UK, has experienced an intriguing financial trajectory over the years. In this analytical dive, we'll explore the company's financial progression, the evolution of KADOE inquiries, and their potential correlation to the firm's overall fiscal health.
Unveiling Vehicle Control Services Ltd
Having stamped its authority since 3 May 1990, the company has been unwavering in its mission: delivering cost-effective parking management solutions to both the public and private sectors. Recognized for its Parking Charge Notices (PCNs), the company is steadfast in ensuring parking rules and regulations are upheld.
A Financial Retrospective
- 2019: In 2019, the company handled 210,023 KADOE inquiries and held net assets of £1,497,107. They established a sturdy foundation with £1,207,157 in cash at bank and £1,476,458 in debtors.
- 2020: However, 2020 saw a significant shift. Vehicle Control Services Ltd KADOE inquiries dropped sharply to 59,604, marking a decrease of 71.6% from the previous year. Despite this, net assets registered a whopping increase to £2,672,211, demonstrating a 78.4% rise. Additionally, there was a remarkable growth in cash at bank, leaping to £3,430,068.
- 2021: In 2021, the trend reversed. KADOE inquiries rebounded to 81,462, growing by 36.6% from 2020. Net assets also inched upwards by 3.7% to £2,771,244.
- 2022: Moving into 2022, KADOE inquiries further ascended to 107,523, showing a 32% growth from the previous year. Net assets stood robustly at £3,647,433, reflecting an upsurge of 31.6%."
| Year | KADOE Inquires | Debtors | Cash at bank | Fixed Assets | Net Assets |
| 2019 | 210,023 | £1,476,458 | £1,207,157 | £175,635.00 | £1,497,107 |
| 2020 | 59,604 | £785,805 | £3,430,068 | £111,609.00 | £2,672,211 |
| 2021 | 81,462 | £967,484 | £3,192,543 | £101,815.00 | £2,771,244 |
| 2022 | 107,523 | £1,469,101 | £3,180,623 | £73,649.00 | £3,647,433 |
Deciphering KADOE Inquiries and Financials
The data suggests an interesting dynamic. While 2020 observed a sharp decline in KADOE inquiries, the net assets soared. On the flip side, 2021 and 2022 showcased growth in both inquiries and net assets. It implies that while KADOE inquiries might influence the company's financial dynamics, they aren't the sole determinant of its fiscal health.
Vehicle Control Services Ltd Governing Body
Vehicle Control Services Ltd's affiliation with the International Parking Community epitomizes its commitment to adhering to the parking management best practices and standards.
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