Igs Welding Limited

Key Facts

Net Assets

Current: £7,778

Previous: £14,748

Change: -6,970 (-47.3%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £6,589

Previous: £16,750

Change: -£10,161 (-60.7%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: Not reported

Previous: Not reported

Comment: Not reported

Creditors 1 Year

Current: £5,623

Previous: £11,551

Change: -£5,928 (-51.3%)

Comment: Short‑term creditors fell significantly.

Net Current Assets Liabilities

Current: £23,507

Previous: £4,727

Change: +£18,780 (+397.3%)

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

Fixed Assets

Current: £38,075

Previous: £32,239

Change: +£5,836 (+18.1%)

Comment: Fixed assets grew steadily.

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: 1

Previous: 1

Change: +0 (+0%)

Comment: No change in team size.