Grove Electrical Engineering Limited

Key Facts

Net Assets

Current: £127,703

Previous: £113,509

Change: +14,194 (+12.5%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £220,277

Previous: £191,225

Change: +£29,052 (+15.2%)

Comment: Current assets grew moderately.

Cash

Current: £30,536

Previous: £43,250

Change: -£12,714 (-29.4%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £23,935

Previous: £16,434

Change: +£7,501 (+45.6%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £49,306

Previous: £27,607

Change: +£21,699 (+78.6%)

Comment: Net current assets rose sharply, indicating a strong improvement in working capital.

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: 11

Previous: 14

Change: -3 (-21.4%)

Comment: A noticeable staff reduction.