Gill Electrical Engineers Ltd

Key Facts

Net Assets

Current: £25,647

Previous: £31,726

Change: -6,079 (-19.2%)

Comment: Noticeable reduction in net assets and liabilities.

Current Assets

Current: £53,545

Previous: £70,760

Change: -£17,215 (-24.3%)

Comment: Current assets reduced noticeably.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £71,799

Previous: £58,192

Change: +£13,607 (+23.4%)

Comment: Short‑term creditors rose noticeably.

Net Current Assets Liabilities

Current: £39,917

Previous: £61,416

Change: -£21,499 (-35%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

Fixed Assets

Current: £57,529

Previous: £28,502

Change: +£29,027 (+101.8%)

Comment: Fixed assets increased significantly.

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 3

Previous: 4

Change: -1 (-25%)

Comment: Lost a team member.