Gm Painting & Decorating Ltd

Key Facts

Net Assets

Current: £6,821

Previous: £11,205

Change: -4,384 (-39.1%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £1,872

Previous: £913

Change: +£959 (+105%)

Comment: Current assets increased significantly.

Cash

Current: £1,509

Previous: £913

Change: +£596 (+65.3%)

Comment: Cash rose sharply, indicating a strong improvement in liquidity.

Creditors 1 Year

Current: £8,693

Previous: £12,118

Change: -£3,425 (-28.3%)

Comment: Short‑term creditors reduced noticeably.

Net Current Assets Liabilities

Current: £6,821

Previous: £11,205

Change: -£4,384 (-39.1%)

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

Fixed Assets

Current: Not reported

Previous: Not reported

Comment: Not reported

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: 2

Previous: 1

Change: +1 (+100%)

Comment: Added a helper.